Commercial
Editor's comment: Groupama - going, going, gone?
After months of uncertainty, employees at Groupama's UK insurer operation can be a little buoyed by last Friday's news that a named bidder had finally cast its hat into the ring to buy them.
DLG to offshore roles as part of £100m annual cost savings drive
Direct Line Group is set to offshore a "limited number" of chief operating office and sales, service and partnership roles as it begins to cut hundreds of UK jobs ahead of a planned flotation.
Groupama acquisition could propel Ageas UK into top 10 insurer spot
The insurance industry is considering the effect of consolidation and change in the UK personal lines market after Ageas entered into exclusive discussions with Groupama with a view to taking over its UK insurance company.
Whiplash still on the agenda insists MoJ, as consultation delayed again
The Ministry of Justice has confirmed that the promised consultation on whiplash remains on its agenda, despite being delayed as a consequence of last week's government reshuffle.
Oxford MD quits to join CFC
Oxford Insurance Brokers managing director Neill Cotton has quit the company after almost a decade to join CFC.
RBS could float DLG tomorrow
RBS is to launch an initial public offering of Direct Line Group on Thursday, reports have suggested.
'You will get caught,' Aviva warns fraudsters
Aviva has warned fraudsters against submitting bogus claims ahead of the Association of British Insurers' fraud conference tomorrow.
Autonet launches online vehicle information service
Autonet Insurance and software solution provider Cheshire Datasystems have developed a system that allows a vehicle's history to be checked online from its registration number.
Giles director Hazel McIntyre quits
Giles' mergers and acquisitions director Hazel McIntyre has left the business after five years to pursue other opportunities.
Shortlist revealed for Underwriting Service Awards 2012
Risk-pricing skill, understanding of clients' needs and quality of service are all vital to insurers' long-term success.
Yorkshire policyholders lose flood cover
Commercial policyholders in Yorkshire have accused insurers of jeopardising their futures by failing to provide them with flood cover.
US Treasury recovers £8bn after AIG stock sale
The US government made a profit of $12bn (£7.5bn) after selling $18bn worth of stock in America International Group on Monday.
James Hallam buys broker's commercial book
Insurance broker James Hallam has acquired the commercial book of business of Essex-based intermediary Coppergate.
Chartis makes cyber risk appointment
Chartis has appointed Jamie Bouloux to the newly created role of cyber liability underwriting manager for Europe.
Allanfield eyes deals as operating profit hits £1m
Allanfield has its eye on acquisitions in the property and broking spaces having reported a 33.5% increase in net revenue to £2.1m (H1 2011: £1.6m) in the first half of the year.
BGL adds to Fusion team
BGL Group's Fusion contact centre has hired Dyfrig Jenkins, pictured, as senior manager for training and development.
Capita creates schemes role
Capita Specialist Insurance Solutions has appointed Hazel White to the newly created role of schemes development manager.
Midas launches EDI home product with SSP
Midas Underwriting has expanded the range of risks it covers with the launch of a non-standard full-cycle EDI home product.
Cremin climbs career ladder at Garwyn
Liability loss adjuster Garwyn has promoted Paul Cremin to branch manager at its Bristol office.
Reinsurance market is united, says Guy Carpenter
Guy Carpenter & Company has praised the reinsurance industry for "coming of age" and finally "converging".
Willis attracts 12 new network members
Willis has attracted 12 new members to its UK broker networks.
Truell eyes up motor insurers
Edmund Truell, founder of Duke Street Capital and Pension Corporation, has not ruled out a future bid for Royal Bank of Scotland's insurance arm, Direct Line.
GAB Robins appoints ex-Cunningham Lindsey adjuster
GAB Robins has recruited Maggie Cowing, pictured, to the newly created position of head of major and complex loss.
AGCS unveils new reputation protection product
Allianz Global Corporate & Specialty is to launch a new product next month designed to help companies protect their reputation in times of crisis.