News
RBS announces plans to sell more Direct Line shares
The Royal Bank of Scotland has announced its intention to sell more of its shareholding in Direct Line Group.
JLT Group to acquire Towers Watson's reinsurance brokerage business
Jardine Lloyd Thompson Group is to acquire the reinsurance brokerage business of Towers Watson for a cash consideration of $250m (£156m).
BGL strengthens ‘own-brand’ business with appointment
The BGL Group has appointed Ingrid Murray as consumer marketing director for Frontline, the business behind BGL’s in-house brands such as Budget and Dial Direct.
World Trade Center developer's suit against insurers is dismissed
A legal ruling has left real estate developer Larry Silverstein unable to recoup any of the $1.2bn (£746m) recovered by World Trade Center insurer QBE and three Lloyd’s syndicates.
Belmont and Giles 'will complement each other' claims Deakin
Arthur J Gallagher UK commercial director Janice Deakin expects the transport businesses of brokers Giles and Belmont “to strongly complement each other”.
Strategic importance of M&A to increase
A PWC report has found the strategic importance of mergers and acquisitions to insurers across the globe is set to increase.
Travelers hires K&R specialist to underwrite Lloyd's book
Travelers has hired kidnap and ransom specialist Melanie Simpson-Mills to join Travelers Syndicate Management as a development underwriter.
Bluefin expands Stockton office with Towergate hires
Bluefin Insurance has expanded its Stockton office with three new hires from Towergate.
Quindell boosts Ingenie investment amid over 25s and Canadian expansion
Outsourcing provider Quindell Portfolio has increased its investment in Ingenie to approximately 43% and has made a direct 40% investment in two newly formed Ingenie subsidiaries.
EC3/Legal expands insurance expertise with new recruit
EC3/Legal has appointed Ian D’Castro to the role of legal director, as part of the city law firm’s plans to continue the expansion on its commercial legal practice for brokers, Lloyd’s agencies, MGAs and other support providers.
GAB Robins receives over 150 applications for grad development programme
GAB Robins received over 150 applications for the three available places on its Graduate Development Programme.
Zurich Q&A with Jeremy Smith
With cyber risk a growing threat to businesses both large and small, Post editor-in-chief Jonathan Swift sat down with to Jeremy Smith, head of technology, security and privacy, at Zurich Global Corporate to discuss how the insurance industry is…
AIG appoints Zheng as president and CEO of China
AIG has appointed Eric Zheng, an executive director of AIG China, as the new president and CEO of AIG China.
Marsh warns of expensive technology failures from cyber risk
Marsh has warned that companies may be overlooking the impact of technology failures from cyber risk.
Allianz moves regional head office in Singapore
Allianz has moved to its new regional Asia office in Singapore’s Marina Bay financial district at Asia Square Tower 2.
Axa and Accident Exchange reach agreement on Autofocus fraud
Four years after Accident Exchange revealed the details of the Autofocus fraud scandal, Axa and Accident Exchange have agreed a settlement to their long running dispute.
RSA Ireland CEO to lead global brokers division
RSA has appointed Phillip Smith as group director, global brokers in addition to his current role as chief executive of the insurer’s operations in Ireland.
RSA Ireland CEO to lead global brokers division
RSA has appointed Phillip Smith as group director, global brokers in addition to his current role as chief executive of the insurer’s operations in Ireland.
Kennedys’ grows PI team in Birmingham
Kennedys has made three new hires for its professional indemnity specialists based in Birmingham.
Henderson Global Investors unveils plans for new city building
Henderson Global Investors has revealed plans for its new building at 40 Leadenhall Street.
Brightside profits remain flat in H1 as net assets increase 5%
Brightside Group has recorded stable half-year post-tax profits of £5.5m (H1 2012: £5.6m.
Holman to be replaced as Brightside CEO later this year
Brightside chief executive Martyn Holman will be replaced later this year following a review of the board’s composition.
MGAA welcomes increased insurer support
The Managing General Agents’ Association has welcomed the 40% increase in the number of insurers, market participants and suppliers who attended this year’s MGAA capacity exchange event.
York International unveils new associate technical director
Loss adjusting firm York International has appointed Marc Godfrey to the role of associate technical director based in London.