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Combined profit of 'going concern' Provident and sister MMA reaches £4.5m

MMA and Provident's final sets of individual annual results published before their anticipated merger reveals a combined pre-tax profit of £4.53m for the year ending 31 December 2011.

Insurer | 23 May 2012 secure

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Road to success

Communicating Change: Preparing to be purchased

Groupama UK and its broker subsidiaries were put up for sale in January. How has its management communicated the process to ensure that positive commercial momentum is maintained?

Insurer | 22 May 2012 secure

ian foy main

IAG boss Wilkins admits it may dump loss making UK business

IAG managing director and chief executive Mike Wilkins has said that now is an appropriate time to assess the options for the UK business, given the improvement in its performance and the current UK economic conditions.

Lloyd's/London | 17 May 2012 secure

The Lloyd's building

Canopius target Omega blames Bermuda non-renewals for GWP drop in Q1 2012

Omega Insurance Holdings has reported that group gross written premium in the first three months of 2012 totalled $120.6m (Q1 2011: $129.4m).

Lloyd's/London | 16 May 2012 secure

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches those 'for sale' rumours once and for all.

Insurer | 15 May 2012 secure

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The insurance business resource library

Insurance Hound

A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis

Post Broking Supplement - 10 May 2012

Post Broking Supplement - 10 May 2012

Post's latest standalone supplement - focused entirely on the UK broking sector - is now available to subscribers as a digital and interactive e-book.

Insurer | 10 May 2012 secure

andy-davies

Markel CEO points to acquistion activity in Q1 results report

Markel bosses are celebrating an "all time high" on the firm's book values per share following a first quarter which produced a combined ratio improvement of 12% on Q1 2011 to 100%.

Insurer | 10 May 2012 secure

Simon Lee and Adrian Brown

Interview: RSA's Simon Lee and Adrian Brown talk evolution not revolution

Simon Lee is the man charged with leading RSA to the next stage of its development. Alongside Adrian Brown, he discusses overseas expansion, the benefit of bolt-ons, and why RSA has a 'splendid' independent future ahead.

Insurer | 10 May 2012 secure

Video interview with Davies CEO Charles Crawford and director of markets Darren Coombes

In conversation with Davies: Crawford and Coombes on life with Electra

At the tail end of September 2011, the claims solutions provider Davies refinanced, with the existing management and Electra Partners agreeing a buyout that saw Lloyds Development Capital exit the business.

Insurer | 09 May 2012 | screening image

david ross arthurgallagher

Aviva set to reap rewards of AJG swoop for IDL

Arthur J Gallagher International has today snapped up niche over-50s personal lines specialist Insure 4 Retirement from previous owner Equity. The deal boosts the premium per year being put through subsidiary OIM Underwriting by well over £100m in...

Broker | 08 May 2012 secure

European risk and insurance intelligence

Insurance Insight

Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets

Insurance Insight
Business handshake

Post Broking Supplement: M&A top tips for brokers

Broker mergers and acquisitions are always a much debated topic. Stephanie Denton asked the experts what brokers should do to attract the right buyer if they are considering a potential sale this year.

Broker | 08 May 2012 secure

Brokers

Post Broking Supplement: The big issues for brokers

With the British Insurance Brokers' Association conference looming, brokers are warming up for the networking event of the year and their best opportunity to thrash out market issues. Post caught up with some of the biggest hitting national players...

Broker | 08 May 2012 secure

simon-lee-and-adrian-brown-rsa-10

RSA CEO Lee says Aviva-type deal would be "inherently risky"

RSA’s new CEO has insisted that it would shun major transformational deals because of the risk involved, while also insisting that it tends to walk away from bidding wars as these inflate acquisition prices.

Insurer | 04 May 2012 secure

alastair-christopherson

County Insurance buys Whitchurch

Brand new consolidator County Insurance North West has bought its first broker - Whitchurch Insurance Services, a £1.1m GWP business based in Shropshire.

Broker | 01 May 2012 secure

Amanda Blanc

Blanc reveals Newcastle has been tough for Axa, but hails improved PL connectivity

Axa Commercial CEO Amanda Blanc has admitted that Newcastle has proved the most testing of its recent branch openings.

Broker | 01 May 2012 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Work equipment risks in the UK

Work equipment risks in the UK

The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.

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