News
Aegon raids Zurich for new UK CFO
Dutch insurer Aegon has appointed Zurich head of group audit Clare Bousfield as chief financial officer of of its UK arm.
Pru AIA bid collapse to cost insurer £450m
Prudential has said the collapse of its $35.5bn takeover of AIG’s Asian unit will cost it about £450m ($660m).
Chubb confirms £41.5m Lloyd’s syndicate
Chubb has confirmed it has received approval from the Lloyd’s Franchise Board to establish a new Syndicate which will be named Chubb 1882.
Fitch: latest Solvency II proposals expected to increase capital requirements
Fitch Ratings says that the latest QIS5 Solvency II regulatory capital proposals may increase capital requirements for European insurers compared to earlier proposals, depending on insurers' specific characteristics.
Hyperion backer posts profit for 2009
Venture capitalist BP Marsh has posted a consolidated profit on ordinary activities after tax of £0.3m for the year ending 31 January 2010 (31 Jan 2009, loss of £1.7m).
PwC: 2010 M&A “hot beds” starting to emerge
The first quarter of 2010 has been “unremarkable” for European financial services activity but “hot beds” of activity are starting to emerge, PricewaterhouseCoopers has claimed.
Aegon raids Zurich for new UK CFO
Dutch insurer Aegon has appointed Zurich head of group audit Clare Bousfield as chief financial officer of of its UK arm.
First named storm of 2010 Pacific hurricane season hits central America
Agatha, the first named storm of the 2010 East Pacific hurricane season was declared on Saturday, located just off the Guatemala coast before making landfall as a tropical storm along the border of Mexico and Guatemala at 22:40 UTC on Saturday.
Cologne Re changes name to General Re
Reinsurer changes name of German company to join the rest of the business that has operating under the Gen Re name since 2003.
Aviva appoints new Romania chief
Aviva has appointed Mihai Popescu as chief executive of Aviva Romania.
Reinsurance rates decline at June Florida renewals
According to a report by reinsurance broker Guy Carpenter, Florida renewal rates have declined by 10-12% at renewal.
Bluefin completes Gilbert Insurance Brokers purchase
Insurance broker Bluefin has announced the acquisition of St Albans-based intermediary Gilbert Insurance Brokers.
Simply Biz appoints MDs
Simply Biz PLC has made Matt Timmins & Neil Stevens Joint managing directors of the Simply Biz Group.
Prudential AIA bid collapses
Prudential’s bid to acquire AIG’s Asian arm, AIA, has collapsed in the early hours of this morning, according to reports.
IAG pumps $365m into UK reserves after claims deterioration
IAG has ploughed $365m (£207m) into its UK claims reserves following a “significant deterioration” in UK claims experience.
PwC: 2010 M&A “hot beds” starting to emerge
The first quarter of 2010 has been “unremarkable” for European financial services activity but “hot beds” of activity are starting to emerge, PricewaterhouseCoopers has claimed.
Aviva appoints new Romania chief
Aviva has appointed Mihai Popescu as chief executive of Aviva Romania.
Career development & CSR news: Working together to beat the recession
Recent figures indicate that the UK economy grew between February and April this year. It seems almost too good to be true to think that, after 18 months of economic crisis, the tide may be turning for UK businesses.
Career development & CSR news: Kwik Fit four bike challenge
Four leather-clad Kwik Fit Insurance employees are taking part in a 1600-mile sponsored motorbike ride, around the coast of Scotland, in a bid to raise thousands of pounds for a much-needed cardiac ultrasound machine at The Royal Hospital for Sick…
Career development & CSR news: Towergate raises £350 000 to train Childline counsellors
More than 223 volunteer counsellors will be recruited and trained across the UK, helping more than 50 000 children in danger and distress, thanks to £350 000 raised for Childline by Towergate.
Career development & CSR news: Zurich staff set to take on 192 charity challenges
Zurich Financial Services' 7000 UK employees are gearing up to take on 192 separate community challenges as the firm celebrates the 21st year of its annual volunteering event.
World Cup triggers injury debate
The upcoming football World Cup is likely to reignite the debate over who should cover players injured as a consequence of taking part in the tournament.