Articles by Amy Ellis
Haverford makes new bid for Omega
Haverford informed the London Stock Exchange this morning that it had submitted a fresh bid for the Lloyd’s insurer.
Power Place director departs
Power Place’s sales and marketing director Darren Rowe has been put on gardening leave.
MGAA appoints three directors
The Managing General Agents Association has co-opted three new directors onto its board in preparation for an increase in lobbying and member activities during 2012.
Review of the year - Broking: Regulation and fees frustration
For many 2011 may be defined as the year that Kate Middleton and Prince William married. But for brokers, perhaps a far more important, but somewhat less romantic union, was that of the merger of trade bodies the British Insurance Brokers Association and…
Willis Re comments on cat modelling guide
Willis Re has commented on the Association of British Insurers guidelines published last week around industry good practice for catastrophe modelling under Solvency II.
2011: highest cat related economic losses in history
2011 will be the year with the highest catastrophe related economic losses in history at $350bn according to preliminary estimates from Swiss Re’s Sigma team.
Sales to boost capital at Groupama
Groupama has made an agreement with state owned French banking group, Caisse des Dépôts which it says will introduce substantial fresh capital to Groupama to reinforce the group’s solvency.
Chaucer strengthens energy team
Chaucer has made new underwriting appointments in London, Houston and Oslo.
Fitch takes rating actions on Italian and Spanish insurers
Fitch said the rating actions follow its assessment of the insurers' pro-forma capital adequacy amid challenging investment conditions, particularly in Italy and Spain, including ongoing pressure from heightened government bond yields.
AGS hits back at accusation over payment
Avertis Global Solutions has denied allegations that it has failed to pay its field force for three months following the acquisition of Avertis Ltd on 14 November.
Admiral refuses to comment on law firm rumours
Admiral told Post it is not commenting on reports in the Telegraph that it is considering branching into the legal sector.
Willis acquires Broking Italia
Willis Italy has acquired Broking Italia, which specialises in employee benefits and supplementary pension programs.
Quote Me Happy extends aggregator distribution
Quote Me Happy is extending its distribution across two more price comparison sites following its exclusive launch on Go Compare earlier this year.
S&P warns of mass insurer downgrade
Allianz, Aviva and Axa are among 15 insurers placed on negative watch by Standard and Poors.
Law report: Judicial review dismissed in disability discrimination case
This law report has been contributed by national law firm Berrymans Lace Mawer.
BDMA award winners revealed
Winners of the 2011 Damage Management Awards were presented at a charity dinner which brought the British Damage Management Association Conference 2011 to a close on 1 December.
IAG UK repositions its affinity division
IAG UK has repositioned its specialist affinity division, Equity Direct Broking, following the launch of a new trading name.
Study exposes supply chain risks in China
A study commissioned by FM Global revealed a natural catastrophe in China on the scale of the 2011 Japan earthquake and tsunami would have an even more severe impact on supply chains, given the country’s critical role in global manufacturing.
Fight for compensation hits the Supreme Court
The long running litigation to determine the asbestos victims “trigger” point for employers’ liability cases has headed to the Supreme Court.
Study reveals supply chain risks in China
A study commissioned by FM Global revealed a natural catastrophe in China on the scale of the 2011 Japan earthquake and tsunami would have an even more severe impact on supply chains, given the country’s critical role in global manufacturing.
Risk of conflict with ABS
The move by some legal expenses firms to develop alternative business structures under the Legal Services Act creates the risk of a conflict between the needs of underwriters and consumers, according to Arc Legal Assistance.
Cleaning contractor’s scheme for UK brokers launched
Gleaming Wholesale is a new scheme dedicated to the cleaning industry for UK insurance brokers and intermediaries, underwritten by Hiscox Insurance.
US P&C losses climb to $38.6bn
AM Best has released its estimates for catastrophe-related losses experienced by the US property & casualty industry through the first nine months of 2011, which show that losses so far have nearly doubled total year-end 2010 losses.
Aviva falls foul of broadcasting code
Broadcasting regulator Ofcom has ruled that Aviva's sponsorship of ITV's hit drama Downton Abbey strays too close to being advertising.