Articles by Chinwe Akomah
Laspo Bill suffers six-month delay
The Legal Aid Sentencing and Punishment of Offenders Bill will not be implemented until April 2013, the government has confirmed.
World wide web inventor announced as BIBA conference keynote speaker
The inventor of the world wide web Sir Tim Berners-Lee will be the closing keynote speaker at British Insurance Brokers’ Association conference this year.
Capita buys PE-backed broker Fish
Capita has acquired Fish Administration from private equity firm Inflexion for a cash consideration of £21m on a cash free, debt free basis.
Europ Assistance confirms UK MBO
Europ Assistance has confirmed that an agreement has been reached for the management buy out of its UK and Ireland arm.
Lone ranger Northcourt to provide capacity for growing nuclear risk
A coverholder which claims to be the first conventional insurer to bring capacity to the market that is not a mutual or part of a pool is to take advantage of growing demand from the eastern bloc.
NED Tim Ablett leads Europ Assistance UK MBO
Europ Assistance’s non-executive director and former Groupama managing director Tim Ablett has confirmed he is leading the management buyout of the travel insurer’s UK and Ireland arm.
US broker acquires London-based Chesterfield
HW Kaufman Financial, parent company of wholesale broker and underwriter Burns & Wilcox is to buy London-based insurance broker and underwriter Chesterfield.
G Cube adds millions to green energy capacity
Renewable energy underwriter G Cube has boosted its offshore capacity by £64m to meet increasing demand.
Europ Assistance UK completes MBO
Europ Assistance’s UK and Ireland arm has been the subject of a management buyout, Post has learned.
Solvency II faces further delay
Solvency II may not be implemented until 2015 – two years later than planned, according to a report in the Financial Times Deutschland.
Flooding, fraud and asbestos: ABI outlines 2012 priorities
The Association of British Insurers has outlined the key priorities for 2012 to reduce insurance costs including seeking a free market flood model and dealing effectively with asbestos claims.
ULR reports £4m loss as auditors raise concerns over future
Auditors for legal expenses provider ULR Additions have compiled a damning report of the firm's 2010 accounts, which made a £4m loss, stating there is “uncertainty” about the company’s future.
Brit reinsurance boss Turner quits as insurer merges divisions
Brit reinsurance boss Jonathan Turner has left the firm as the business merges its reinsurance and global markets strategic business units.
Montpelier Re and Mitsui stay quiet on Hardy bids
Bermudan-based reinsurer Montpelier Re and Lloyd’s insurer Mitsui Sumitomo have refused to comment on rumours that they will bid on troubled Lloyd’s insurer Hardy.
Hiscox UK secures Corporate Chartered Insurer status
Specialist insurer Hiscox UK has been awarded Corporate Chartered Insurer status.
Insurance head Chris Collins passes away
Retired Gibraltar Financial Services Commission boss Chris Collins has passed away after a short illness.
Thai cat fund could prove too costly for reinsurers
International reinsurers will have to be “seriously convinced” the Thailand government’s catastrophe fund is profitable if they are to insure it.
Groupama UK CEO quashes MBO speculation
Groupama UK chief executive François-Xavier Boisseau has ruled out a management buyout.
Trio arrested for selling fake Groupama policies
The police fraud unit has arrested three individuals suspected of selling fraudulent policies under the Groupama name.
Legal cover firm creates online broker portal
A motor and family legal cover provider has launched a free online portal which allows brokers to browse policies and documents on 50 types of commercial and personal lines cover.
Cruise ship disaster: Hannover Re hit with multimillion pound loss
International reinsurer Hannover Re has suffered a marine hull loss of €30m from the Costa Concordia disaster.
Crawford to handle Oxford St flood claims
Loss adjuster Crawford & Company has confirmed it is handling claims arising from a burst water main on Oxford Street in London.
Monoline insurer snaps up multi-million pound Ambac hospital deal
Troubled monolines insurer Ambac has lost a £100m hospital guarantee bonds contract to Assured Guaranty and its rival vows to replace it on more infrastructure projects this year.
Government cat fund for Thailand
A £1bn Thai catastrophe fund is to be set up by the local government to provide cover for households, small to medium sized enterprises and industrial factories against floods, wind storms and earthquakes.