News
Ace CEO sees opportunities despite slow economic recovery
Ace today reported net income for the first six months of 2010 was $1.432bn (2009: $ 1.102bn) and increase of 30%.
Anglo Irish to submit Quinn takeover plan by mid-August
Anglo Irish Bank is "within weeks" of presenting the Financial Regulator with a firm plan for its takeover of Quinn Insurance, the Irish Independent reports today.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
Markel swoops for French broker
Markel International has agreed to acquire Le Centaure, a French equine insurance broker and cover holder based near Deauville, Normandy.
Brit opens books to PE house as Apollo ups bid to £10.75 a share
Brit Insurance today confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
Ace CEO sees opportunities despite slow economic recovery
Ace today reported net income for the first six months of 2010 was $1.432bn (2009: $ 1.102bn) and increase of 30%.
Postscript - five years ago: Authorities look into own captives
Looking through Post's back catalogue paints a unique picture of mroe than 150 years of insurance news, as this article from five years ago reveals.
Postscript - 10 years ago: 800 law firms could close over SI
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Postscript - 30 years ago: Biba angry over codes of practice
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Talent - recruitment: Recruiting generation Y
As the markets slowly emerge from the darkness of recession, the employee talent pool is shrinking. Tom Rivers examines the particular challenges facing the insurance industry and how it can attract the best young talent to reinvigorate an ageing…
BLG hopeful of retaining Halliwells' insurer legal panel spots
Axa has confirmed that Barlow Lyde & Gilbert will take a place on its legal panel following the law firm's takeover of Halliwells last week.
Davies hails LV and Zurich wins as volumes jump 44%
Claims management and loss adjusting business Davies Group has unveiled a pre-tax profit of £2.8m on a turnover of £30m for the 12 months ending 31 March 2010.
The claimant's view: a sledgehammer to crack a tabloid nut
On 15 July, David Frost, director general of the British Chambers of Commerce, told a joint meeting with the Trades Union Congress — entitled 'Is Deregulation Dead?' — that his members are generally happy with and understand health and safety regulations…
Quadra hires ex-CGS man
Quadra Claims Services has named former Carr Greenwood Smith employee Iain Johnston as a senior adjuster.
Scots apprenticeships
Cunningham Lindsey is offering apprenticeship places in Scotland for the first time.
Insurance Fraud Awards
The shortlist for the 2010 Insurance Fraud Awards has been announced.
JLT set to swoop for Lockton business
JLT has formed an alliance with two Lockton-affiliated brokers in continental Europe, in a move that may see key London business move over to the firm.
NI motor still competitive despite higher cost for consumers
Imbalance between the volume of motor claims in Northern Ireland (5.4% of the UK total) compared to the number of vehicles (2.6%) is contributing to higher insurance premiums in the province.
Lang to lead directors
Lord Lang of Monkton will succeed Stephen Hardis as independent chairman of the board of directors of Marsh.
Ink MD hits the road to secure Westinsure deal
Ink Underwriting Agencies managing director Mike Smith has begun a fortnight of roadshow meetings to convince the shareholders of broker network Westinsure to accept its offer for the business.
Moon appointed CEO
Ecclesiastical has appointed Andrew Moon as the new chief executive officer of its Australian business, Ansvar Insurance.