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BP Marsh to cut Besso stake
BP Marsh is set to sell 4% of its stake in Besso just two months after increasing its shareholding in the Lloyd's broker.
Kane acquires HSBC Insurance Management
Kane, a provider of specialist risk and insurance management services, has completed its acquisition of the insurance management operations of HSBC. The deal has received approval from all relevant regulatory bodies.
Brit opens Lloyd’s company in Australia
Brit Insurance has confirmed the opening of a new Lloyd’s service company in Sydney, Australia.
Aon: Aerospace market sees fifth consecutive year of falling premium
The aerospace sector weathered the global financial crisis relatively well, but confidence is still in short supply, with passenger and revenue forecasts still relatively conservative, according to Aon Risk Solutions.
UK in the firing line as Axa seeks Euros 1.5bn cost savings in 'mature markets' - updated
The UK is likely to be among the areas where Axa will seek cuts as part of a four year plan it will outline today at an investors meeting.
UK in the firing line as Axa seeks Euros 1.5bn cost savings in 'mature markets' - updated
The UK is likely to be among the areas where Axa will seek cuts as part of a four year plan it will outline today at an investors meeting.
The CILA and the III mutually acknowledge qualifications
The Chartered Institute of Loss Adjusters and the Insurance Institute of Ireland have reached an agreement to formally recognise each other’s qualifications to promote closer co-operation and encourage professional development both in the UK and the…
Keelan Westall generates £135k though dormant accounts
Keelan Westall has reactivated almost 100 dormant broker accounts, representing approximately £135 000 gross written premium over a 12-week period, following the launch of its ‘Win Back’ campaign.
The CILA and the III mutually acknowledge qualifications
The Chartered Institute of Loss Adjusters and the Insurance Institute of Ireland have reached an agreement to formally recognise each other’s qualifications to promote closer co-operation and encourage professional development both in the UK and the…
Insurers most fearful of regulation, according to survey
The greatest danger currently facing the insurance industry is the raft of new regulations being introduced, according to a new survey which ranks insurance sector risk.
CII Blog: Tesco leaves carrot and stick on shelf
At an insurance conference I attended 10 years ago, delegates were given a challenge to "think like a retailer". Specifically, they were asked to consider what Tesco would be discussing at their annual conference. Store openings, layouts, product lines,…
Exclusive Rome II and shared service centre content now available on Post Europe
Post Europe’s weekly update is now live with all the latest news and an article on how Rome II has impacted the European insurance market; as well as an article on the pros and cons of shared service and competence centres.
Post Europe: Shared service and competence centers for insurers
In order to reduce costs insurers are increasingly looking at shared service and competence centres. Hendrik Bremer examines the pros and cons of this model.
Exclusive Rome II and shared service centre content now available
Post Europe’s weekly update is now live with all the latest news and an article on how Rome II has impacted the European insurance market; as well as an article on the pros and cons of shared service and competence centres.
Shared service and competence centers for insurers
In order to reduce costs insurers are increasingly looking at shared service and competence centres. Hendrik Bremer examines the pros and cons of this model.
Chartered: A Broker's view: Cowens Survival Capability
In the third of a final part of this series, Post and Insurance Age editor-in-chief Jonathan Swift talks to Grant Scott, an associate director, Cowens Survival Capability about the benefits for a broker in being chartered.
Sword Insurance snapped up by private equity firm
Private equity firm Thomas H. Lee Partners, L.P, has backed a leveraged management buy out of Sword Insurance from French-owned Sword Group.
Insurance think tank publishes annual survey findings
Think tank The Geneva Association has published the results of its annual membership survey of the views of more than 80 insurance CEOs on international regulatory efforts to contain systemic risk, national government response to climate change and the…
Insurance think tank publishes annual survey findings
Think tank The Geneva Association has published the results of its annual membership survey of the views of more than 80 insurance CEOs on international regulatory efforts to contain systemic risk, national government response to climate change and the…
Pru Health adopts new ‘sustainable’ commission model
Pru Health has adopted what the health insurer believes to be a more sustainable and transparent commission model. From April, all small and medium enterprise new business has been written on a 10:10 commission basis, with 10% initial commission and 10%…
Power Place reaches online marketplace target
Power Place has achieved its target of 1000 brokers signed-up to use its online marketplace, with the addition of Compare Insurance.
Failure rates improve amongst UK SMEs
Experian’s latest Insolvency Index shows that the health of the UK’s micro and small business community improved in April.