Insurer

Car premiums soften again

The latest benchmark AA British Insurance Premium Index has revealed further softening in motor premiums in the third quarter of 2012.

Nexus buys CIFS

Nexus Underwriting Management has bought Credit Indemnity and Financial Services (CIFS) from Novae Syndicates for an undisclosed sum.

Profits up at Transactor

Transactor Global Solutions Limited (TGSL) and associated companies has announced a 20% increase in pre-tax profits to £600,000.

Beazley acquires affinity business team

Beazley has bought-in the team that underwrites the Lloyd’s Small Business Consortium in a move designed to increase access to the book of enhancement and affinity business.

QBE to close Reading office

QBE is to close its office in Reading as part of a reorganisation of its relationship management structure for brokers and clients in the South of England.

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