Sure 2 Insure Rotating Header Image

Posts under ‘General Insurance’

New broker Paul Baker buys park home specialist

Newly-formed broker Paul Baker Insurance Services has bought specialist park home insurance broker RK Shipman for an undisclosed sum. Paul Baker Insurance Services was launched by managing director Paul Baker in December 2015 as a park and leisure home broker. Its acquisition of RK Shipman will allow it to create a larger, dedicated park home […]

Zurich suffers claims from Chinese industrial explosions

Chinese fires are latest large losses to hit Zurich group. Zurich is assessing potential losses from companies in the northeast city of Tianjin, according to reports. The city suffered two huge explosions. The fires started in the port area on Wednesday night. The claims came from companies including those related to the property and cargo […]

Jelf buys loss adjuster Hamilton Bond

Broking group Jelf has bought Worcester-based claims consultant and loss adjuster Hamilton Bond Group. Hamilton Bond founder and managing director Graeme Monce and his team, which includes six chartered loss adjusters, will remain at the firm and will continue to provide their existing services to the market. The company was formed in 2004 and focuses […]

Barbican buys marine broker Seacurus

Seacurus to keep current brand Barbican has bought specialist marine insurance broker Seacurus. Seacurus was founded in 2004 and focuses on revenue protection in the marine insurance market. The broker will keep its current brand. Barbican chief executive David Reeves said: “Today’s acquisition marks a significant milestone in the continuing growth of our marine operations. […]

Direct Line Group to cut 2,000 more jobs

Insurer seeking to more than double its original £100m cost-saving target Direct Line Group plans to make another 2,000 jobs redundant as part of its cost-cutting drive. The resulting savings will allow Direct Line to more than double the £100m of annual costs savings it was targeting by 2014. The employees who could be affected […]

Swiss Re announces CIO to depart

Swiss Re’s Chief Investment Officer David Blumer has decided to leave the firm with effect from 1 November of this year, the Board of Directors has stated. A successor has yet to be announced and will be named in due course. Blumer joined Swiss Re four years ago as head of Asset Management and a […]

ABI demands changes to Riot Damages Act

ABI demands changes to Riot Damages Act As the first anniversary of last summer’s riots approaches, the insurance industry is calling on the Government to urgently reform The Riot Damages Act (1886). According to data from the Association of British Insurers (ABI), its members experienced 3,000 riot claims and policyholders will receive around £200 million […]

Near universal support for referral fee ban

There is virtually no public support for retaining referral fees, according to a survey seen by sure2Insure. In a blow to the access to justice lobby’s campaign against the referral fee clampdown, a survey carried out by market research company Consumer Intelligence shows that just 1.1% of those polled disagreed with a ban on the […]

Insures aid 450,000 through December freeze

Insurers helped over 450,000 customers during the December 2010 freeze, according to the Association of British Insurers (ABI). Each day they dealt with over 12,000 claims, totalling £38 million, for policyholders who suffered damage to their homes, businesses, and vehicles. The month saw some £900 million in property damage claims, the highest payout ever made […]

Caribbean faces rising hurricane risks

The future development of the Caribbean could be hampered by increasing hurricane and storm activity caused by climate change, according to the Caribbean Catastrophe Risk Insurance Facility (CCRIF). The study found that wind, storm surge and inland flooding damage took up 6% of some nations’ GDP, with costs expected to rise by 1-3% by 2030. […]