Broker
Motor insurance: Driving down cover costs
With two major indices reporting a fall in the cost of motor insurance, there are signs that the sector’s fortunes are improving. Can insurers afford to be optimistic, or should they proceed with caution?
Guy Carpenter opens Athens office
Guy Carpenter & Company has opened a reinsurance intermediary office in Athens, the broker said today.
Post magazine - 27 September 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Groupama sale to Ageas unlikely to improve either group's rating prospects
The acquisition of Groupama Insurances by Ageas UK should "end uncertainty" among brokers over Groupama's financial strength and creditworthiness in the UK, but will have little impact on the 'negative' rating outlooks of either parent company, analysts…
Carole Nash and Lumley Jacobs extend partnership to Ireland
Carole Nash and Lumley Jacobs will launch forensic coding systems in Ireland this October.
Guy Carpenter opens Greek office
Guy Carpenter & Company has opened a reinsurance intermediary office in Athens.
Court of Appeal delays judgment on retrospective 10% uplift debate
The Court of Appeal has decided to delay judgment on an industry appeal against a decision to effectively bring forward a rise in damages by 10% from April next year.
Purple Partnership in tie up with LV
Independent broker network Purple Partnership has announced a deal with LV, which will now serve as a commercial key partner.
Fitch cuts Axa IFS outlook from stable to negative
Concerns about Axa's ability to improve profitability were cited for the move by Fitch Ratings to revise the outlook of the firm’s Insurer Financial Strength rating from stable to negative.
Bluefin delivers £11.5m dividend to Axa
Bluefin has paid its parent company an £11.5m dividend for the 2011 financial year on Ebitda of £17.8m (2010: £15.2m) and pre-tax profit of £11.6m (2010: £10m).
RKHIS opens Sevenoaks office
RK Harrison Insurance Services has opened a new regional office in Kent that will specialise in private client and rural business.
Hastings raids RSA and Ace for fresh managerial talent
Hastings Insurance Services has completed the double swoop for former head of affinity operations at RSA Paul Whymark, pictured, and ex-Ace continental Europe claims director Jonathan Sutcliffe.
Towergate eyes e-trading push with hire of ex-NIG manager
Towergate Underwriting has appointed former NIG e-commerce boss Dean Fletcher as commercial e-strategy and products manager.
Gallagher expands public sector offering with Acumus acquisition
Arthur J Gallagher International has acquired housing association specialist intermediary Acumus for an undisclosed sum.
Bluefin launches schemes and affinities division
Bluefin Insurance Group has unveiled Bluefin Solutions, a division focusing on the development and distribution of new and existing schemes and affinities.
Former HBoS director joins Axa
Axa Commercial Lines and Personal Intermediary has appointed Louisa-Jayne Stirzaker as Simple products trading manager.
DLG drafts in management trio as part of international shake-up
Direct Line Group has further bolstered its international standing following the "high calibre" addition of three new members to its expanding management team.
Arista adds Twist to Midlands team
Commercial lines underwriting agency Arista Insurance has appointed Grant Twist to the position of senior underwriter in its Midlands team.
Lockton launches technology practice
A new operation focused on technology and intangible risks has been set up by Lockton.
AA float among Acromas options
Acromas is making "tentative steps towards a potential break-up" that could see a float of the AA for up to £5bn, according to the FT.
Open GI wins IT systems deal with 'trial-blazing' broker
Specialist insurance broker Three Dimensional has selected Open GI to help it with administrative back office systems.
MCE Insurance expands office space
Motor insurance broker MCE Insurance is taking on additional premises to house its growing sales team.
Ageas buys Groupama for £116m
Ageas UK has acquired Groupama Insurance Company for £116m in a deal that it has claimed propels it to the UK’s 4th private motor insurer with an 11.7% share of the market.
Itochu partners with Honda to offer motorcycle cover in Vietnam
Siam Cosmos Services is to offer insurance services to Honda Vietnam motorcycle owners through wholly owned insurance agent Cosmos Services (Vietnam).