News
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.
Rok records a pre-tax loss of £3m
Rok has announced its results for the six months ended 30 June 2010.
Eureko benefits from PZU settlement with H1 2010 profit leap
European insurance group Eureko this morning reported a net profit of €864m for the first six months of 2010.
Eureko benefits from PZU settlement with H1 2010 profit leap
European insurance group Eureko this morning reported a net profit of €864m for the first six months of 2010.
Zurich recruits new investor relations head
Zurich Financial Services Group has today announced the appointment of Debra Broek, currently deputy head of investor relations and rating agency management, to the position of head of investor relations and rating agency management, effective 1…
Zurich recruits new investor relations head
Zurich Financial Services Group has today announced the appointment of Debra Broek, currently deputy head of investor relations and rating agency management, to the position of head of investor relations and rating agency management, effective 1…
Quinn sale weeks behind schedule
The full information memorandum which was meant to be given to potential buyers by the end of July has not arrived, the Irish Independent reports.
Aviva triples personal lines new business
Aviva has confirmed that it has experienced a three-fold increase in personal lines new business volumes over the last two months as a direct result of its work with SSP.
RSA still "open" to Aviva talks claiming its £5bn offer is "fair value"
RSA has said it "remains open to discussions" with Aviva, despite the group's rebuttal of its £5bn offer.