Commercial
RBSI sale confirmed for H2 2012
At an Annual General Meeting with shareholders, Royal Bank of Scotland Chairman Sir Phillip Hampton has outlined the bank's insurance assets are to be sold in the second half of 2012.
Zurich executive committe member steps down after 33 years
Zurich today announced that after a 33-year career with the company Paul Hopkins has elected to retire as a member of the group executive committee.
Only 12% believe Government FSA overhaul will meet 2012 deadline
Almost three fifths (58%) of insurance professional questioned by the Chartered Insurance Institute think that the industry’s needs have not been taken into account in the plans to overhaul the Financial Services Authority.
New Towergate chair remains tight lipped about successor to Andy Homer
Towergate’s new non-executive chairman Alastair Lyons has refused to give a timescale for it to find a successor to Towergate chief executive Andy Homer.
Axa confirms senior commercial departure
As a result of the senior management restructure at Axa commercial, distribution director Keith Hector has left the business.
Zurich executive committe member steps down after 33 years
Zurich today announced that after a 33-year career with the company Paul Hopkins has elected to retire as a member of the group executive committee.
Aon Benfield: reinsurance capital hits all time high at year end 2010
The total global reinsurer capital reached an all-time high of $470bn (£288bn) at December 31, 2010 – a 17% increase over the 2009 period, according to Aon Benfield.
Aon Benfield: reinsurance capital hits all time high at year end 2010
The total global reinsurer capital reached an all-time high of $470bn (£288bn) at December 31, 2010 – a 17% increase over the 2009 period, according to Aon Benfield.
Fitch upgrades RSA, despite some capital concerns
Fitch Ratings has upgraded RSA's Insurer Financial Strength rating to 'A' from 'A-' and Long-term Issuer Default to 'A-' from 'BBB+'.
European insurers call for Solvency II non-compliance fines
European insurers would like to see the European Insurance and Occupational Pensions Authority fining regulators where Solvency II is not applied equally across the European Union.
Fitch upgrades RSA, despite some capital concerns
Fitch Ratings has upgraded RSA's Insurer Financial Strength rating to 'A' from 'A-' and Long-term Issuer Default to 'A-' from 'BBB+'.
European insurers call for Solvency II non-compliance fines
European insurers would like to see the European Insurance and Occupational Pensions Authority fining regulators where Solvency II is not applied equally across the European Union.
Acquisitive Higos buys another broker in South west drive
Higos Insurance Services has acquired Plymstock Insurance Centre, near Plymouth.
JLT granted South Africa license
Jardine Lloyd Thompson Group has confirmed that its South African business has been awarded a license to operate by the Financial Services Board.
Chartis responds to SRA decision to scrap the ARP in 2013
Insurer Chartis has responded to the Solicitors Regulation Authority’s decision to replace the Assigned Risks Pool in 2013 with a system where insurers offer a three-month extended policy period to firms who cannot obtain professional indemnity insurance…
Hannover Re buys Scottish portfolio
Hannover Re has agreed to buy a reinsurance portfolio from Scottish Re (US).
Giles to sell life sciences business
Giles Insurance Brokers is to withdraw from the life sciences insurance market.
Hastings unveils partnerships division
Hastings Insurance Services has launched a new specialist division to handle the company’s affinity and partnership business.
Hannover Re buys Scottish portfolio
Hannover Re has agreed to buy a reinsurance portfolio from Scottish Re (US).
HDI-Gerling swoops for Ace manager to open second UK office
Industrial insurance company HDI-Gerling has announced the creation of its second UK regional hub in Birmingham, England.
TGSL hires commercial director
Transactor Global Solutions Limited has appointed Chris Newman as commercial director, with responsibility for sales and marketing activities, and the expansion of TGSL into additional insurance markets.
Dual MGA enters property market
VK Underwriting has taken its first steps towards expanding its product range beyond its core specialty lines by entering the property market.
Insurers facing £38.6m ARP cash call
Solicitor’s professional indemnity qualifying insurers will have to pay £38.6m to fund the assigned risks pool this year.
Countdown to Biba 2011: the changing regulatory landscape
With the British Insurance Brokers' Association conference now less than four weeks away, Post and Insurance Age editor-in-chief Jonathan Swift sat down with the Biba CEO Eric Galbraith to discuss the issues which are likely to come to the fore in…