Insurer
Machell takes on dual role as NU's Hodges moves to life business
Norwich Union has changed its senior management team following the decision of Gary Withers, chief executive, Norwich Union Life (NUL), to leave the company.
Willis appoints internal legal adviser
Willis Group Holdings has appointed Eric Dinallo as general counsel. He will also join Willis’ partners group, the company’s top management committee.
AM Best claims US insurers narrow funding gap for reserves
US property/casualty insurers narrowed the funding gap in their asbestos and environmental loss reserves during 2004, principally for asbestos liabilities, as a result of 2004¡¦s pretax charge of nearly $6bn, according to a special report published by AM…
Aviva pulls Pru offer
Aviva has withdrawn its merger proposal due to Prudential’s lack of interest.
Allianz Cornhill profits fall & combined ratio rises
Allianz Cornhill's 2005 profits fell to £206.4m (2004: £210.6m) while its combined ratio rose to 94.9% (2004: 94%), its financial results reported.
RSA combined ratio likely to rise says Analyst
Analyst Keefe Bruyette and Woods said it expects a limited deterioration in Royal & Sun Alliance's combined ratio to 95.2% from the fourth quarter when it reports its full year results on Thursday morning.
Cobra tops 90 brokers
Cobra Network, the independent network of commercial insurance brokers, today announced that membership has risen to ninety brokers following successful applications from PW White & Partners, based in Amersham, Buckinghamshire and Steele Insurance…
Union in NU dig over profit
Trade union Amicus has called on insurance giant Aviva to pull back jobs to the UK in the light of today's profit statement.
Aviva chief declares 2005 best yet for GI
UK insurance giant Aviva this morning declared 2005 its "best general insurance result yet". Its general insurance and health profit jumped 22% to £1551 million and it recorded a worldwide general insurance combined operating ratio (COR) of 95% (2004: 97…
Bernau is made new chairman of the FSSC
The Financial Services Skills Council has appointed a new chairman, following the retirement of Sir ...
Ingham's founding directors set to retire
Ingham Underwriting has announced the retirement of its founding directors.
Former Aviva boss takes up new role
CMGL, the provider of claims management and insurance services, is has appointed Cees Schrauwers as non-executive Chairman.
Quinn Direct profits up
Quinn-direct Insurance, the Irish insurance company, has announced it made a Pre-Tax Profit of £158m in 2005.
Axa GI revenues stuck at 2004 levels
AXA UK has reported 23% growth in underlying earnings to £266m in 2005 for its combined life, health and general insurance business.
Swiss Re EGM finalises GEIS purchase
An Extraordinary General Meeting of Swiss Re shareholders has approved the company’s creation of additional equity capital related to the financing of the GE Insurance Solutions acquisition.
Jelf enters top 10 independent broker league with major acquisition
Jelf Group has acquired fellow broking group Goss Group for an initial consideration of £6.254m. It also plans to raise £7.3m from investors.
Lloyd’s Council appoints new deputy chairman
The Lloyd’s Council has appointed Ewen Gilmour, chief executive of Chaucer syndicates to the position of deputy chairman of Lloyd’s.
Willis begins results season with $127m profit slide
Willis has announced its fourth quarter 2005 and full year results reporting a drop in net income from $427m (£245m) in 2004 to $300m (£172m) to the year ended 31 December 2005. The fall was attributed to first quarter charges for regulatory settlements…
Aon promotes M&A team
Broker Aon has announced a number of promotions within its Mergers and Acquisitions Group. Tim Davies, Jon Higgins and Jim Rutherford have been appointed to directorship level, and Giles Murphy has been promoted to associate directorship level.
Martin appointed COO at AIG
American International Group, (AIG) has named Rodney O. Martin, Jr. chief operating officer of AIG's worldwide life insurance business.
Swiss Re planning to cull 1700 workers following GE take-over
Swiss Re plans to cut up to 1,700 jobs following the acquisition of General Electric's GE Insurance Solutions unit in November, CEO designate Jacques Aigrain said.
Levene repeats call for US to abolish protectionist regulations
Barriers to trade must be removed to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina, Lloyd’s Chairman Lord Levene told New York business leaders today.
NU parent denies takeover talk
Aviva has denied speculation it is in talks about acquiring a US insurer.
Crawford gains from RBSI deal
Crawford & Company, the loss adjuster, has been selected as one of the main providers of claims management services to Royal Bank of Scotland Insurance. Crawford said it has been selected to provide UK-wide claims management services covering general…