News
Barclays Ventures backs MBO of Garwyn
Barclays Ventures has announced it backed the management buyout of Garwyn from QBE in an estimated £20m deal.
Healthcare insurance lacking integration
An integrated health management proposition encompassing the key facets of critical illness cover, income protection insurance and private medical insurance is inevitable, according to research by Defaqto.
Skills Council to drive 14-19 specialised diploma development
The Financial Services Skills Council (FSSC) is looking for employers and other stakeholders to get involved in a project to develop the new Business, Administration and Finance Specialised Diploma for 14-19 year olds.
Xchanging moves into life and pensions
Xchanging has acquired 100% of the equity in Landmark Business Consulting, the insurance business transformation consultancy.
UK Government doubles merger tax
The Government is increasing merger fees charged by the competition authorities with effect of 1 April 2006. This increase will be phased in a two-stage process over a three-year period. The amendment also provides for foreign acquirers to be charged a…
Spitzer strikes again
New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills have announced an agreement with a leading US consulting firm specializing in life, accident and disability insurance to resolve allegations of fraud and anti-competitive…
Fortis: UK acquisition announcement
Fortis UK has acquired Affinity Solutions, a financial services consultancy firm specialising in the UK’s affinity market.
Edward Symmons makes acquisition
Edward Symmons has acquired the business of John Foord & Company for an undisclosed sum. John Foord & Company, established in 1828 is a firm of industrial plant and machinery valuers, and a founder member of the international Valuation Research Group …
Churchill founder Long in insurance return
Ashworth Mairs Group today announced the appointment of Churchill founder Martin Long as non executive chairman and main board director.
XL Capital shuffles top team
XL Capital has announced the appointment of Sarah Street to the position of chief investment officer designate and James Veghte to the position of chief executive of Reinsurance General Operations. In addition, Ms Street and Mr Veghte will join the…
Moody’s issues rating for Montpelier Re shelf registration
Moody's Investors Service has assigned provisional ratings (senior debt at (P)Baa3) to Montpelier Re Holdings $1bn multi-issuer universal shelf registration. The outlook for the ratings is stable.
Coface rebrands subsidiary
Credit insurer Coface UK, has changed the name of its subsidiary London Bridge Finance to Coface Receivables Finance Limited, with immediate effect.
Trade body hits out at FSA as members' insurance sales drop
The Financial Services Authority's insurance regulations could change the face of the motor insurance market as we know it, threatening motor retail business and restricting consumer choice,' according to the Retail Motor Industry Federation (RMIF).
Spotlight on ... the year that was
2005 was a good year for anyone working in the insurance sector, with salaries rising across the board. Belinda Martin looks back, and forward to what this could mean for 2006
QBE announcement
QBE has announced that as of 31 December 2005, the insurance business of QBE Insurance Company (UK) ...
Appointment at Amlin
Amlin has announced the underwriting team for its new Bermuda operation will be headed by underwriti...
Creechurch Underwriting launches Lloyd's Syndicate
Creechurch Underwriting has launched the first Lloyd's Syndicate to be managed in accordance with Is...
Buncefield exodus begins
Buncefield could be on the verge of a business exodus, according to those involved in evaluating cla...
Hiscox to boost regional presence
Hiscox looks set to expand its regional branch network under new UK head Steve Langan. The insurer w...
Search for Lloyd's chief executive
The search for a new chief executive at Lloyd's is down to three candidates, PM understands. Having ...
Magian Mutual closes
The closure of another UK mutual indemnity scheme has raised questions over the validity of the mutu...
Powell Insurance Brokers make acquisition
Powell Insurance Brokers has acquired the commercial division of Gregson Williams Insurance Brokers....
Appointment at Brit
Brit has appointed Joseph MacHale as a non-executive director. Mr MacHale held several senior execut...
Appointment at Alexander Forbes
David Way has been appointed to the specialist energy team at Alexander Forbes in London. Mr Way joi...