News
Manchester moves for Marsh and Mercer
Marsh and sister consultancy firm Mercer are to consolidate their Manchester operation from the current three locations into one.
Fortis backing key to UK General's £1.6m Shearings deal
UK General has won a two-year deal with travel firm Shearings — its first major piece of business since teaming up with new capacity provider Fortis.
Kerry London secures £1m acquisition funding
Kerry London chief executive Damian Kissane has claimed the group is close to concluding a new bank facility that will enable it to make an acquisition.
Warning over buildings insurance errors
Homeowners are at risk of paying extra for their buildings insurance by falling foul of an error of insuring at market value rather than at rebuilding cost.
Dual boss admits Hiscox deal good for flotation
Dual International chief executive Bob Van Gieson has admitted moving away from having Arch Capital as its sole capacity provider for its main book of business makes it better placed for a flotation.
Garwyn aims for client contact with City office
Liability loss adjusting specialist Garwyn has opened an office in the City of London for the first time in a bid to get closer to its customers.
Willis ends pay freeze but flexible working still an option
Willis is set to reintroduce annual salary reviews following a two-year pay freeze that was implemented at the height of the credit crunch to cut back on costs.
Allianz boss backs rate increases to fuel return to profit
Allianz Insurance chief executive Andrew Torrance has revealed it could implement rate increases of up to 25% in its broker motor book during 2010.
Acromas claims anti-PE bias amid reported loss
Acromas Holdings, the parent group of insurance providers AA and Saga, has claimed "scaremongering" against private equity houses has seen the ongoing performance of the business masked by a £529m overall loss, caused by interest repayments.
Rok looks for new FD in wake of £3m loss
Rok has recorded a pre-tax loss of £3m for the first half of 2010, following the suspension of its finance director for failings in the control of its plumbing, heating and electrical business.
Analysts pour scorn on viability of RSA's Aviva bid
Aviva's concern over capital adequacy if it was a standalone life insurer is the main barrier to selling its general insurance arm to RSA, according to City analysts.
FSA crackdown: whistleblower helps ban unauthorised broker
A whistleblower has helped ban an unauthorised insurance broker from performing any regulated role in financial services, after he was caught using client money to fund a new broking business.
Brokers worry about client choice as RSA bids for Aviva
Brokers have voiced concern that RSA's £5bn bid for parts of Aviva's general insurance business, including the UK, could ultimately limit client choice and competition.
Fortis reaffirms commitment to Kerry London partnership
Fortis has confirmed it has no plans to end its existing partnership with sport & leisure broker Kerry London, after recent speculation both firms could part company.
Law firms divided over FSA broker action
Eversheds and Beachcroft have responded to the FSA’s record £150 000 fine and ban on five insurance brokers, announced earlier today.
First RSA, now Axa is linked with Aviva swoop
Aviva's share price has continued to rise today despite its rejection of RSA's £5bn bid amid speculation that others may be interested.
Danish insurer Tryg Vesta recovering from "extraordinary" claims
Danish insurance group Tryg Vesta has reported that the business is back on track after a first quarter "where extraordinary winter claims caused a loss on the insurance business".
First RSA, now Axa is linked with Aviva swoop
Aviva's share price has continued to rise today despite its rejection of RSA's £5bn bid amid speculation that others may be interested.
Danish insurer Tryg Vesta recovering from "extraordinary" claims
Danish insurance group Tryg Vesta has reported that the business is back on track after a first quarter "where extraordinary winter claims caused a loss on the insurance business".
Aegon Government bailout given EC approval
The European Commission has approved, under EU state aid rules applicable to the financial sector in the current crisis, the recapitalisation of the Dutch insurance company Aegon.
FSA bans five brokers, hands out £150 000 fine
The Financial Services Authority has banned five individuals for failings in relation to insurance fraud. It has also imposed one of its largest ever fines of £150 000 for insurance fraud on one of these individuals and £50 000 on another.
Aegon Government bailout given EC approval
The European Commission has approved, under EU state aid rules applicable to the financial sector in the current crisis, the recapitalisation of the Dutch insurance company Aegon.
Marsh promotes Waterer to new risk leadership post
Marsh has promoted Richard Waterer to the newly created role of head of operational risk for Marsh Risk Consulting in the UK. He will report to Jeff Colburn, UK MRC Leader.
Marsh promotes Waterer to new risk leadership post
Marsh has promoted Richard Waterer to the newly created role of head of operational risk for Marsh Risk Consulting in the UK. He will report to Jeff Colburn, UK MRC Leader.