News
Post Pick of the Week
Amy Ellis outlines some of the major news from this week's issue of Post including: Go Compare halves losses; Tories pledge on insurance; Merlin refinancing; Miller in FTSE drive; and Heath Lambert chases HSBC account.
Willis appoints interim CFO
Stephen Wood, Willis global group financial controller, replaces Patrick Regan on 19 February.
Ex-Axa heads reunite at underwriting agency ahead of launch
Derek Findlayson and Dene Smith join Jonathan Davey and Tony Griffith as Keychoice management team.
Helphire to merge contact centres
Helphire proposes to consolidate its operational resource within two of its existing contact centres in the North East and North West.
Former Layton Blackham boss seeks new director for start up
Julian Mungo tells postonline that acquisitions could also be on the agenda at property specialist Aquilla.
Mapfre increases international business premiums
Spanish insurer Mapfre also increases its attributable result to €926.8m, and added consolidated revenues exceeded €18.8bn, a 6.3% rise over 2008.
Mapfre increases international business premiums
Spanish insurer Mapfre also increases its attributable result to €926.8m, and added consolidated revenues exceeded €18.8bn, a 6.3% rise over 2008.
Garwyn names new client relationship officer
Specialist liability adjuster Garwyn has appointed Nicola Friar as its new client relationship officer.
Marsh raids Zurich for new energy claims boss
Insurance broker Marsh has appointed Martin Clark as the UK leader of its energy claims team from Zurich Financial Services.
Senior trade credit broker defects to Aon Benfield
Political risk and trade credit broker Steve Hart has moved from Willis to Aon Benfield, Reinsurance has learned.
FM Global becomes admitted reinsurer in Labuan (Malaysia)
Property insurer FM Global has become an admitted reinsurer in Labuan, a federal territory in Malaysia, to serve its clients’ reinsurance needs in the region.
Giles invests £0.5m in new regional "super office"
First Minister of Wales, Carwyn Jones, joined Giles' CEO, Chris Giles, and Mike Jones, regional managing director at the official opening of the new office, located at Magden Park, Llantrisant.
Aviva's new GI boss lambasts UK ambulance-chasing culture
In his first full interview David McMillan tells Post he will take up the issue with the Association of British Insurers.
IAG bullish despite Equity's margins being squeezed in the UK
Australian insurance giant expects to report a half year insurance profit of $488m (1H09: $227m), representing an improved insurance margin of 13.4% (1H09: 6.2%).
Chem-Dry MD steps down at Evander
Mark Taylor to hand over to Andrew Lloyd-Jones this week before leaving the group in March after twenty years with the business.
Broker Brightside outlines £20m shopping list
Brightside Group has provided a trading update for the financial year ended 31 December 2009 and outlined how it plans to use the £20m raised in December 2009.
Ace reports strong profits increase
Ace, the Switzerland-based (re)insurer, said that fourth quarter and yearly pretax profits grew.
SFO to take no action against Madoff UK arm
The Serious Fraud Office has completed its investigation into Madoff Securities International, the UK arm of Bernard Madoff's investment scheme, and has found insufficient evidence to take action against the firm.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
US commercial insurance buyers take issue with Obama's budget blueprint
The Risk and Insurance Management Society, expressed its deep concern with plan to reduce or elminate the federal underpinnings of terrorism insurance.
MMC makes another US purchase
Marsh's US mid-market subsidiary Marsh & McLennan Agency said it has bought US broker Haake Companies for an undisclosed sum.
Obama aims to eliminate terrorism subsidy for insurers
Barack Obama has proposed eliminating insurers' terrorism subsidy in his 2011 Budget.
Osborne outlines UK recovery plan
Shadow Chancellor details the eight benchmarks against which it hopes its success to be judged if it wins the upcoming election.