News
Blue Insurances buyout co-founder for almost €10m
Online travel insurance broker Blue Insurances has completed a buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.
Covéa promotes Newman to commercial lines consultancy role
Covéa has promoted electronic trading team manager Ian Newman to the newly created role of commercial lines development consultant.
Riskier investments may hit ratings warns Fitch
Increasingly risky investments by European insurers could see the firms suffer in their ratings, Fitch has warned.
Aviva appoints Ex-IAG UK boss Foy to newly created GI role
Aviva has appointed Ian Foy to the newly created role of managing director of personal motor, home and specialist lines within its UK and Ireland general insurance business.
Ark underwriter Stollery takes on property role at Argo
Argo International has appointed Ark Syndicate Management’s Matt Stollery as property binding authorities underwriter.
Admiral swoops for former Phoenix Group CRO
Admiral has recruited the former chief risk officer of pension fund consolidator Phoenix Group to serve as a non-executive director and risk committee chair.
Co-op acknowledges GI business potential as it scraps sale plans
The Co-operative Group has scrapped plans to sell its general insurance business.
Saga looks to customers for interest in IPO plans
Over-50s insurer Saga is to determine customer interest in its proposed stock market float with an online campaign where consumers can register their interest in becoming shareholders.
Towergate announces management shuffle after retail split
Towergate has today announced three appointments as part of the separation of its retail business announced last October.
Amlin Europe opens German office
Amlin Europe has expanded its non-marine business opening an office in Hamburg following approval from German and Dutch regulators.
Markel strengthens in Singapore
Markel International has promoted Li Shengnan to head the offshore energy team in Singapore and appointed Kelvin Lee as assistant manager, finance and operations.
Bangkok rocked by explosions
Political turmoil in Thailand's capital continued over the weekend when 28 people were injured after two explosions at an opposition rally.
China tightens bancassurance rules
The China Banking Regulatory Commission and China Insurance Regulatory Commission are introducing more rules to help protect consumers for when banks sell them insurance products.
Markel acquires Abbey Protection
Markel Corporation has completed a deal to acquire legal expenses insurer Abbey Protection after being granted approval by courts.
SRA publishes names of 136 solicitors forced to close
The Solicitors Regulation Authority has named the 136 firms that failed to secure professional indemnity cover by the 1 October deadline and did not obtain cover during the extended policy period.
Ex-Aviva partnerships boss Middle to start at Ageas next week
Former Aviva strategic partnerships director Ant Middle will begin his new role as Ageas retail and distribution partnerships director next week.
Cunningham Lindsey appointed on Yorkshire plant fire
Firefighters in North Yorkshire are tackling a blaze at a recycling plant near Sherburn in Elmet.
Open GI poaches QBE’s Alexander for sales role
Technology provider Open GI has appointed Kelli Alexander as its new business sales consultant.
LV's Venus promoted to head of broker services
LV Broker has made two new appointments to supports its planned growth in 2014.
Willis UK restructure not aimed at 'cost cutting'
The restructuring of Wills Group’s UK operations is designed to fuel growth and is “not an exercise in cost cutting” according to UK retail head David Martin.
Cunningham Lindsey hails training after 55% increase in CILA passes
Seventy-three members of Cunningham Lindsey’s claims handling staff gained their CILA qualifications in 2013, over 55% more than the previous year.
Aviva teams up with Astra to sell life products
Astra International, a large publicly listed Indonesian conglomerate and Aviva, has signed an agreement to form Astra Aviva Life, a 50-50 joint venture to sell and distribute life insurance products in Indonesia.
Hong Kong 'could become reinsurance centre'
Speaking at this week's Asian Financial Forum, China Investment Corporation (Hong Kong) chairman Laurence Lau Juen-yee said Hong Kong could develop into a reinsurance hub by utilising the large capital pool of the mainland.
Floods and landslides hit the Philippines and Indonesia
Over 30 people have died and tens of thousands of people have been displaced in the Philippines and Indonesia following torrential rain causing floods and landslides.