Commercial
Aon applauds solicitors' renewal rate
Aon received nearly four times the number of professional indemnity proposals from solicitors at the beginning of August than the same time last year.
UK insurers warned about new 20% EU tax hit on outsourcing
The UK insurance industry has today been warned it is set for increased costs on outsourcing as other EU countries force through the removal of the VAT exemption on outsourced claims handling.
Ascot reduces underwriting capacity
Ascot Underwriting has confirmed that Lloyd’s has approved its 2011 capacity of £600m.
UK insurers warned about new 20% EU tax hit on outsourcing
The UK insurance industry has today been warned it is set for increased costs on outsourcing as other EU countries force through the removal of the VAT exemption on outsourced claims handling.
Hardy: "opportunistic" Beazley offer undervalues business
Hardy has hit responded to Beazley's offer by commenting that the proposal "substantially undervalues the company".
Chedid Re forms Lloyd's partnership
Chedid Re and Price Forbes & Partners have entered an association agreement for the insurance and reinsurance placement of upstream and downstream hydrocarbon energy business.
Chedid Re forms Lloyd's partnership
Chedid Re and Price Forbes & Partners have entered an association agreement for the insurance and reinsurance placement of upstream and downstream hydrocarbon energy business.
MMA appoints director commercial underwriting
Paul Hodgson, formerly MMA’s head of underwriting, commercial has been promoted to the newly-created role of director, commercial underwriting.
UIB appoints marine & energy head
Insurance broker UIB has appointed Mikael Ardell, as divisional director for marine and energy, to drive growth across the Nordic region in the property and energy sectors.
Swiss non-life sector better than most European rivals claims Fitch
Fitch Ratings has changed the rating outlook for the Swiss non-life insurance sector to stable from negative to reflect what it decribed as the sector's continued strong underwriting profitability and the economic recovery.
UIB appoints marine & energy head
Insurance broker UIB has appointed Mikael Ardell, as divisional director for marine and energy, to drive growth across the Nordic region in the property and energy sectors.
Swiss non-life sector better than most European rivals claims Fitch
Fitch Ratings has changed the rating outlook for the Swiss non-life insurance sector to stable from negative to reflect what it decribed as the sector's continued strong underwriting profitability and the economic recovery.
Beazley still keen on Hardy despite "surprise" at £158.4m bid rejection
Beazley has confirmed that it has made a 300p per share case approach to Hardy Underwriting Bermuda valuing the latter at £158.4m that has been rejected by Hardy.
Beazley still keen on Hardy despite "surprise" at £158.4m bid rejection
Beazley has confirmed that it has made a 300p per share case approach to Hardy Underwriting Bermuda valuing the latter at £158.4m that has been rejected by Hardy.
Irish Regulator allows Quinn to underwrite one UK commercial client
Quinn Insurance has been allowed to retain one UK commercial client, despite otherwise being barred from underwriting this class of business.
Irish Regulator allows Quinn to underwrite one UK commercial client
Quinn Insurance has been allowed to retain one UK commercial client, despite otherwise being barred from underwriting this class of business.
Aon to cut up to 1800 jobs following Hewitt merger
Insurance broking giant Aon could shed 1500 to 1800 positions across the world as part of plans to integrate Hewitt Associates.
Axa confirms departure of director Paul Meehan
Axa has confirmed that customer experience director Paul Meehan has decided to leave the business.
Aviva corporate boss raids ex-employer Mitsui for property head Tiernan
Aviva’s new head of its corporate risk solutions division has made her first raid on former employer Mitsui with a move for its property underwriting manager John Tiernan, Post Europe has learnt.
Former Wales captain Paul Thorburn joins Antur Insurance
Paul Thorburn has joined Antur Insurance as an external business development consultant.
Aon to cut up to 1800 jobs following Hewitt merger
Insurance broking giant Aon could shed 1500 to 1800 positions across the world as part of plans to integrate Hewitt Associates.
FSA bans broking firm founder for overchanging client £89 000
The Financial Services Authority has banned Paul Cable, director of Media and Entertainment Insurance Services, from acting as an FSA approved person for at least two years for attempting to overcharge a client by £89 000.
Beazley mourns the death of deputy chairman and co-founder
The board of Beazley has announced the death yesterday evening of its deputy chairman, Andrew Beazley, at the age of 57. Mr Beazley was co-founder of the company and its chief executive for twenty two of its twenty four year history.
Simply Business makes double management hire
Commercial insurance comparator Simply Business has appointed Kevin Fleming as chief financial officer and Lukas Oberhuber as chief technology officer.