Good July for Tracker
Good July for Tracker
Tracker helped recover 82 stolen vehicles during July worth a total of £1.7m.
The month saw £581,000 worth of Tracker-fitted vehicles recovered, which had been stolen following the theft of keys. This was the highest total recorded to date. The most expensive vehicle recovered was a £100,000 Aston Martin DB7.
Redhill move for Axa
Axa Assistance UK has announced plans to relocate from its current premises in Leatherhead and Reigate to new facilities in Redhill, Surrey.
The company will invest £4.5m in the new offices, which will house many of the staff from its joint venture with Inter Partner Assistance, the wholly-owned subsidiary of Axa Group.
Much of the investment will be spent on a new telephone system and back-up generator.
Down the road
Lloyd's managing agency RJ Kiln has moved further up Fenchurch Street.
Its new address is 106 Fenchurch Street, London EC3M 5NR.
Details can be found on www.kiln.co.uk.
Broker service
Allianz Cornhill has launched an extranet service for its 150 key broker partners.
Brokers will have online access to benefits such as an independent business health check. They will also be able to check policy details online and access risk management guides.
A claims tracking service will be introduced later this year.
The website can be found at www.ackeypartner.co.uk.
Hiscox office in Glasgow
Hiscox has opened a Scottish operation in Glasgow.
The office will cover Scotland, Northern Ireland and Dublin. Keith Jackson, formerly of Independent Insurance has been appointed regional manager.
He is joined in Glasgow by both property specialist Stuart Middleton and high net worth specialist Ross Dingwall.
Mills & Reeve moves
Birmingham-based law firm Mills & Reeve is moving into a newly refurbished building on Hagley Road in Edgbaston.
The office move is part of the planned expansion of the firm's healthcare and local government practices.
The Birmingham office currently has 90 employees, including eight partners.
Thatcham revamp
Thatcham, the motor insurance repair reaserch centre, has opened new administration, research and workshop premises in Berkshire.
The new office opens on September 18, with an official ceremony given by chief executive of the Society of Motor Manufacturers and Traders, Christopher Macgowan.
The new site is only 50 yards from its old premises, which it has occupied for the past 30 years.
Woolf reforms bear fruit
High Court claims in the Queen's Bench Division (QBD) fell by 63% compared to pre-Woolf levels in the first full year under the new Civil Procedure Rules.
Claims issued in the QBD, including the commercial, technology and admiralty courts, fell to 26,876, compared with 72,161 in 1999. The 1999 figure was a 37% reduction on 1998's figures.
On target
Belgo-Dutch financial group Fortis posted a 4% increase in profits for the first six months of 2001, with strong growth in its UK motor book.
Fortis Insurance International, which includes the group's UK arm, saw profits rise 6%.
Strong demand for motor cover lifted gross premium income in the UK by 12% to £230.2m.
Across the group, Fortis said it remained on course to meet its target of a 12% increase in net operating profit per share this year.
Share sale
Eagle Star has cut its exposure to Anglo Irish Bank my selling shares it owns in the company.
Eagle Star, which invests on behalf of investors and pension funds, reduced its holding from 7.8% to 6.8% after selling three million shares.
