News
AIG appoints EMEA commercial president
Emmanuel Brulé has been appointed president of commercial Insurance, EMEA, at American International Group.
Keystone launches £1 post-LASPO legal cover
Keystone Legal has launched an after-the-event personal injury legal insurance cover renewal product.
Patrick Gallagher to quit UK business
Gallagher Heath head of retail Patrick Gallagher is returning to his native US next month to take up a new retail role, Post has learnt.
Steady growth at Marsh and Guy Carpenter
Marsh and Guy Carpenter have both seen revenues increase for the year ending 31 December.
Aviva "delivering on promise" to strengthen cost base
Aviva should be viewed as a "strong restructuring story" given most of the "heavy lifting" to improve its cost base has been completed through the disposal of underperforming business units, according to equity analysts Panmure Gordon.
Willis reports $446m 2012 net loss
Willis group has posted a total net loss of $446m for the year ending December 31 2012, a significant swing on last year’s result of $203m profits, alongside plans to cut 200 jobs.
Xchanging 'makes history' with ECF app launch
Xchanging has launched a mobile application for the London insurance market in a move it claims will "make history in the market".
Scrap Metal Dealers bill ready to receive Royal Assent
The Scrap Metal Dealers’ Bill proposed by MP Richard Ottaway has successfully passed its third reading in the House of Lords and is ready to receive Royal Assent.
Markerstudy CUO: Brightside stake "non-aggressive"
Markerstudy took a 9% stake in Brightside in a bit to protect its capacity investment and ward off buyouts according to the motor insurer’s chief underwriting officer.
AIG names new president of EMEA commercial insurance
AIG has named Emmanuel Burlé as president of commercial insurance for Europe, the Middle East and Africa.
Insurance Europe publishes Solvency II helper tab
Insurance Europe has published a helper tab to assist insurance companies that are taking part in the technical assessment currently being run by the European Insurance and Occupational Pensions Authority.
Border risk heightened following Tunisian unrest
The poster child of the Arab Spring, Tunisia is often viewed as a less risky environment for foreign firms than its neighbors. But has instability following the assassination of opposition leader Chokri Belaid last week changed that?
Bluefin axes London sales team
Bluefin has made its London sales team redundant, cutting four roles, according to Post's sister publication Insurance Age.
Markerstudy picks up 9% Brightside stake
Gibraltar-based motor insurer Markerstudy has acquired a 9.3% stake in Brightside, including the shares of former chief executive and co-founder Arron Banks.
Top five European news stories
The top five news stories from wwww.insuranceinsight.com over the past seven days.
Spanish demand "very weak" across all lines
A decline in insurance demand is being seen across nearly all business lines in Spain, according to Mapfre’s vice chairman Esteban Tejera.
Moors-led management team completes Bollington MBO
The Bollington Group management team has this afternoon confirmed an agreement to buy a majority share in the firm.
Hyperion looks to align global operations following Bloomer appointment
Hyperion has appointed former head of UK litigation at RSA Will Bloomer as general counsel and chief risk officer, as the group seeks to align its worldwide legal, risk management and compliance functions.
Ace Switzerland appoints technical lines manager
René Germann has been appointed technical lines manager for Ace Switzerland as it aims to grow its technical lines capabilities in continental Europe.
MoJ consults on discount rate's legal framework
The Ministry of Justice has published the second part of the review on the discount rate consultation, which will focus on the legal parameters governing the way the rate is prescribed and will explore the use of periodical payment orders.
Cunningham Lindsey recruits through work trial scheme
Working with the Jobcentre Plus team in Cardiff, Cunningham Lindsey provided 38 employed people in the area with work experience through the voluntary work experience and work trial scheme – and ended employing 28 of them in entry-level position within…
Solvency II is biggest challenge for captives says AM Best
European captives have weathered the global economic downturn well, but the implementation of Solvency II remains among the biggest challenges for the sector, according to a report from AM Best.
Drive Assist saga leaves 15% of NAB’s members at risk
The National Association of Bodyshops is threatening legal action against the administrators of Drive Assist, after claiming the credit hire firm left 15% of NAB members “at risk” of running into cash flow difficulties after it went into liquidation.
CNA poaches new German head from Chubb
CNA Insurance Company has appointed Malte Dittmann as country manager for Germany.