News
Buyers queue up for Thai flood-hit Hardy
Hardy Underwriting has said it has had several preliminary expressions of interest in its business after putting itself up for sale following catastrophe losses from the Thai floods.
HBL lowers offer for cat-hit Omega
Omega bidder Haverford has confirmed that it has cut its offer for 25% of the troubled Lloyd’s business to 74p per share.
R&Q buys Lloyd’s HNW MGA Synergy
Randall and Quilter is to buy the high net worth managing general agent Synergy Insurance Services.
Imperial Consultants gains accreditation for in-house claims course
Property claims validation firm Imperial Consultants has gained accreditation from the CII for its in-house claims technicians training course.
Career development: MA names new standards manager
The Lloyd’s Market Association has appointed Ben Baker to the role of professional standards manager, as it prepares to launch its new training academy.
Underwriting Service Awards 2011
The second annual Underwriting Service Awards ceremony took place at the Oval cricket ground, London, with more than 250 underwriters in attendance. The winners were determined by the feedback and views of intermediaries, who place risks on behalf of…
ULR Additions shuffles jobs as accounts remain unfiled
Legal expenses provider ULR Additions has failed to file its accounts at Companies House, almost four months after Post revealed that two long-standing senior figures had departed the firm.
As Brit looks to sell UK arm, Simply Business attracts PE interest
Online broker Simply Business is expected to be targeted by a number of private equity houses and insurance firms, following the news that significant shareholder Brit Holdings is looking to sell its UK arm for £150m.
Reid furious over Bluefin sell-off rumours
Bluefin Insurance Group boss Stuart Reid has insisted Axa calling in advisers to look at selling off Bluefin Advisory Services has no impact on the general insurance broker.
Parker Norfolk to double number of employees after takeover
Lloyd’s broker Miles Smith plans to double its employee numbers at newly acquired wholesale motor fleet specialist Parker Norfolk over the next 12 months.
Buckley Scott boss defuses sale talk with new hires
The chief executive of liability loss adjuster Buckley Scott has rebutted claims the firm is up for sale by announcing five new appointments.
Airmic to have global compliance database ready by September 2013
Airmic is to create a final version of its industry-backed global compliance database by September 2013.
Health and safety proposals welcomed by insurers
Insurers and lawyers have welcomed the government’s claim that it will cut the health and safety burden on employers.
Insurance fraud police unit reveals areas to be targeted after assessment
The £3m insurance fraud police unit could be charged with tackling ghost broking, insider fraud, ‘crash-for-cash’ and corrupt professionals, including lawyers and doctors.
Career development: Allianz employees gain CII qualifications
Allianz staff have received the results of their Chartered Insurance Institute examinations, with 78% of employees achieving passing grades.
Market moves: Fresh faces for underwriters
As the industry heads into December, underwriting agencies and insurers lead the way in the job market. This week saw major moves at Chubb, More Than and Travelers, while Evolution, Arista and Ink all welcomed new staff. It was another slow week for…
News analysis: Forensic claims analyst issues warning as insurers fail to focus on audits
A specialist forensic claims analyst has warned that insurers need to take claims auditing “far more seriously” in the wake of the High Court case brought against Endsleigh.
Loss Adjuster Listings 2011
The loss adjusting industry has experienced a resurgence in turnover according to Post's Loss Adjuster Listings 2011.
1 December: Taking the piste
An estimated 10 million people visit The Principality of Andorra each year, drawn by the winter sports, summer climate and duty-free goods.
Cigna finalises acquisition of First Assist
Cigna has finalised the acquisition of First Assist Insurance Services following regulatory approval from the UK’s Financial Services Authority in late October.
Former Aon UK boss Mahoney takes chair role and invests in analytics firm
Former Aon UK boss and past winner of the British Insurance Awards Achivement gong Dennis Mahoney has been appointed chairman of Sciemus, the analytics and modelling company.
Sciemus recruits former Aon Group chairman
Modelling company, Sciemus, has appointed insurance industry veteran Dennis Mahoney as its new chairman.
Arag chooses Barrie & Hibbert for Solvency II internal model
German insurer, Arag, has selected financial services firm Barrie & Hibbert for its internal model for market risk and for quantifying strategic asset allocation opportunities in a Solvency II environment.
L&G director resigns
Underwriting boss Malcolm Cooper has left Legal & General “to pursue other opportunities”.