News
Willis appoints new CEO for Japan retail
Willis Group has appointed Yoshihide Enomoto as president and chief executive of its retail brokerage business in Japan.
Cooper Gay Swett & Crawford reports 5% growth in first full year accounts
Wholesale and reinsurance broking group Cooper Gay Swett & Crawford has released its first full year results for the year ending 31 December 2011, reporting revenues of $344m, net earnings of $31m and EBITDA of $69m.
NIG targets Scottish SME expansion
NIG has vowed to strengthen its Glasgow-based team by recruiting extra underwriters and phasing renewals handling back to the city in a bid to explore opportunities in the Scottish SME market.
Axa sells Bluefin benefits consultancy to Capita
French insurer Axa has agreed to sell its employee benefits consulting business, Bluefin Corporate Consulting, to Capita for £50m on a cash-free, debt-free basis.
Middle East and Asia energy markets buoyed by excess capacity
Competition and excess capacity continued to strengthen the market for energy insurance buyers in Asia and the Middle East in the first quarter, according to a Marsh energy report.
Axa sells Bluefin's employee benefits arm
Axa is selling Bluefin's employee benefits consulting business, Bluefin Corporate Consulting, to Capita for £50m.
ZFS becomes Zurich Insurance Group
Insurance giant Zurich has officially changed its name to from Zurich Financial Services to Zurich Insurance Group.
Marsh's Project Noah will not work and has no insurer support, claims ABI
The Association of British Insurers has slated the flood reinsurance idea floated by broker Marsh and Guy Carpenter, claiming that it won't work and insurers don't back it.
Signposting service for older drivers given Home Secretary seal of approval
Theresa May has thrown her support behind an Association of British Insurers and British Insurance Brokers Association agreement geared towards ensuring older drivers are able to obtain car insurance.
Brit UK regional sold to QBE
Australian insurer QBE's European operations has bought Brit UK's regional operations with 130 staff transferring.
Zurich says admin officer Orator to quit
Zurich has announced that Christian Orator, chief administrative officer, has decided to "pursue new opportunities outside Zurich" and will be leaving the group by the end of the year.
Flagstone Reinsurance sells Lloyd's business to ANV
Flagstone Reinsurance has sold its Lloyd's operation to a wholly-owned subsidiary of ANV Holdings BV for £30m.
RK Harrison more than doubles profit in 2011 to £7.7m
RK Harrison Holdings has more than doubled its group profit for the financial year to 30 June 2011 to £7.7m (2010: £3.5m) on turnover of £76.6m (2010: £67.2m).
Cobra locked in takeover talks with Towergate
The Cobra Holdings board has announced this afternoon that discussions are underway with two interested parties which may lead to an offer for the firm's issued share capital.
Canopius' 65p offer reflects 2011 Omega losses
Canopius' decision to offer to acquire Omega at a lower share cash offer is because the listed company posted losses last year, according to a source.
Starr expects "rapid expansion" after gaining Japan licence
Starr Indemnity & Liability has been granted a foreign non-life insurance licence in Japan.
Midas Underwriting creates 40 jobs
Enterprise Minister Arlene Foster has announced that insurance underwriting agency Midas Underwriting is to create 40 new jobs, supported by Invest Northern Ireland through the Jobs Fund.
Iprism records first profit and unveils new Click2Compare brand
Underwriting agency Iprism has moved into profit for the financial year ended 31 December 2011, according to filings at Companies House.
Garwyn opens up in Reigate
Following the opening of its new Bristol offices, Garwyn Group has signed a new contract to open offices in Reigate.
Canopius recruits Bevan to boost health
Lloyd's insurer Canopius has expanded its UK accident and health underwriting team with the appointment of Matt Bevan from Aon.
Cooper Gay Swett & Crawford promotes Hooper to group commercial role
Wholesale and reinsurance broking group Cooper Gay Swett & Crawford has promoted Shaun Hooper, pictured, to the new role of chief commercial officer.
Weightmans hires ex-copper as fraud lead
National law firm Weightmans has named former policeman and soldier Scott Bowers from law firm Browne Jacobson as head of fraud business development.
CGSC promotes Hooper to chief commercial officer
Wholesale reinsurance brokerage Cooper Gay Swett & Crawford has promoted Shaun Hooper to the new role of chief commercial officer.
Bupa recruits medical director from NHS
Bupa has recruited a new group medical director, Dr Paul Zollinger-Read, from the NHS.