News
Cigna swoops for Vanbreda International
Global health service company Cigna has acquired Vanbreda International, based in Antwerp, Belgium.
Oval in out of court settlement over restrictive covenants
Oval has confirmed it has reached an out of court settlement with Liverpool-based broker Butterworth Spengler.
Insurance industry warned it could face more EC enforcement actions
The insurance industry has been told that it could face more enforcement actions from Brussels.
Buffett again linked with RBS Insurance business as bank begins adviser search
Warren Buffett has again beeen linked with the Royal Bank of Scotland's Insurance business according to reports in the weekend newspapers.
Omega confirms six-month loss
Omega has reported a pre-tax loss of $34.2m (H1 2009: $22.9m profit) for the first six months of 2010 following a series of catastrophic events.
Rok to create 50 new jobs following £40m Axa contract win
Rok, the maintenance and building services group, has signed a contract with Inter Partner Assistance, a wholly owned subsidiary of Axa Assistance to provide home emergency services to its UK customers.
Marsh makes northern appointment
Marsh has appointed Richard Lloyd as head of its national corporate business in Carlisle and Newcastle.
Omega confirms six-month loss
Omega has reported a pre-tax loss of $34.2m (H1 2009: $22.9m profit) for the first six months of 2010 following a series of catastrophic events.
Insurance industry warned it could face more EC enforcement actions
The insurance industry has been told that it could face more enforcement actions from Brussels.
Glacier Re to wind down business after stategic review
European reinsurer Glacier Reinsurance, has announced that the company’s existing portfolio will be placed in to an orderly run-off with immediate effect.
NCG changes name
London-based Lloyd’s insurance and reinsurance broker, NCG Professional Risks, has announced its change of name to Oxford Insurance Brokers Limited, with immediate effect.
Royal London chief executive to step down
Mutual life and pensions company Royal London, has announced that Mike Yardley, group chief executive since 1998, is planning to step down.
EC opens antitrust investigation into insurance
The European Commission has opened formal proceedings to investigate whether certain provisions accompanying claim-sharing and joint-reinsurance agreements in the marine insurance sector might infringe European Union antitrust rules.
Mobile Doctors reports fall in profit and turnover in H1 2010
Mobile Doctors Group has reported a fall in revenue to £12.61m (2009: £14.06m) for the six months ended 31 May and profit before tax to £298 000 (2009: £667 000).
Arc Legal moves into marine legal expenses
Arc Legal Assistance is to launch a dedicated yachting and marine pleasure craft legal expenses cover and claims service.
EC opens antitrust investigation into insurance
The European Commission has opened formal proceedings to investigate whether certain provisions accompanying claim-sharing and joint-reinsurance agreements in the marine insurance sector might infringe European Union antitrust rules.
JLT adds to London Market Risks team
Jardine Lloyd Thompson has appointed Alastair Templeton to its commercial motor fleet account.
Motor giant VW unveils plan for regulated direct insurer
Volkswagen Financial Services AG has confirmed plans to operate its guarantee insurance business in future through its subsidiary Volkswagen Reinsurance AG as a direct (primary) insurer.
RBSI confirms office closures
Royal Bank of Scotland has confirmed that it will close 14 of its 27 insurance offices by 2013 with 2000 staff set to lose their jobs.
RBSI outlines plans to close 14 of 27 sites
Royal Bank of Scotland Insurance has revealed details of a mass closure of UK insurance sites that will see 2000 people lose their jobs.
Motor giant VW unveils plan for regulated direct insurer
Volkswagen Financial Services AG has confirmed plans to operate its guarantee insurance business in future through its subsidiary Volkswagen Reinsurance AG as a direct (primary) insurer.
Allianz appoints claims handling centre manager
Allianz has appointment Mark Carlyon-Smith as manager for the company’s Woking claims handling centre.
Experian appoints new head of insurance
Experian, the information services company, has appointed Sandy McPherson as head of insurance for UK and Ireland.
Weather events cause Ecclesiastical loss
Specialist insurer Ecclesiastical has attributed its pre-tax loss of £9.9m for first half of 2010 to a string of exceptional weather events.