News
Former Towergate investor to wind down
The private equity firm linked with buying a 25% stake in Towergate 32 months ago has decided to wind-up its investments and return cash to investors after takeover talks broke down.
Accident Exchange seeks to de-list after restructuring credit facility
Credit hire operator Accident Exchange is to convene a general meeting to propose a resolution to approve the cancellation of admission of the ordinary shares to trading on the London Stock Exchange.
Chaucer recruits former Axa CEO Wood as non-exec
Chaucer Holdings has appointed Mark Wood as a non-executive director from today. He joins the audit, remuneration and nomination committees, and following FSA approval, will become a non-executive director of Chaucer Syndicates, the group’s Lloyd’s…
Aon appoints new area director and crisis management CCO
Aon Risk Solutions has appointed Craig Preston, currently chief commercial officer of Aon’s crisis management business, as area director responsible for Aon corporate’s Reading and Southampton offices.
Aon adds former Marsh broker to renewable energy team
Aon has appointed Bruce Grant as a further specialist to its renewable energy team.
Allianz aims for €120m target with new Madrid corporate base
Allianz Global Corporate & Specialty, the insurance group's dedicated carrier for large corporate insurance customers, is opening a branch office in Madrid.
QBE brands CEO replacement speculation as "completely false"
QBE has branded speculation that it has lined up an external successor for its CEO Frank O'Halloran as "completely false".
R&Q profits hit $3.6m
Randall & Quilter's income rose 52% to £16.1m in the first six months of the year, up from £10.6m in the first half of 2009. The company's profit before tax was £5.8m (2009: £1.2m) and basic earnings for each share are 6.9p (H1 2009: 1.7p). The insurance…
Aon Benfield appoints new ratings agency head in UK & EMEA
Aon Benfield has appointed Chris Myers head of Rating Agency Advisory for its UK and Europe, Middle East, and Africa (EMEA) regions.
Tree root damage claims cost over £37m
The public risk management association, Alarm, said that the issue of subsidence damage to property and the cost of related claims, where tree roots are seen as the main cause of the damage, is one that concerns many of its members, particularly those in…
DCML signs contract with Aviva
Automotive software solutions provider, DCML, has signed a new exclusive three-year deal with Aviva to provide day-rate insurance to its franchised dealer customers.
Cigna swoops for Vanbreda International
Global health service company Cigna has acquired Vanbreda International, based in Antwerp, Belgium.
Arista records growth in H1 2010
Commercial lines MGA Arista Insurance has recorded a 21% increase in income in the first half compared with the same period in 2009.
Cigna swoops for Vanbreda International
Global health service company Cigna has acquired Vanbreda International, based in Antwerp, Belgium.
Oval in out of court settlement over restrictive covenants
Oval has confirmed it has reached an out of court settlement with Liverpool-based broker Butterworth Spengler.
Insurance industry warned it could face more EC enforcement actions
The insurance industry has been told that it could face more enforcement actions from Brussels.
Buffett again linked with RBS Insurance business as bank begins adviser search
Warren Buffett has again beeen linked with the Royal Bank of Scotland's Insurance business according to reports in the weekend newspapers.
Omega confirms six-month loss
Omega has reported a pre-tax loss of $34.2m (H1 2009: $22.9m profit) for the first six months of 2010 following a series of catastrophic events.
Rok to create 50 new jobs following £40m Axa contract win
Rok, the maintenance and building services group, has signed a contract with Inter Partner Assistance, a wholly owned subsidiary of Axa Assistance to provide home emergency services to its UK customers.
Marsh makes northern appointment
Marsh has appointed Richard Lloyd as head of its national corporate business in Carlisle and Newcastle.
Omega confirms six-month loss
Omega has reported a pre-tax loss of $34.2m (H1 2009: $22.9m profit) for the first six months of 2010 following a series of catastrophic events.
Insurance industry warned it could face more EC enforcement actions
The insurance industry has been told that it could face more enforcement actions from Brussels.
Glacier Re to wind down business after stategic review
European reinsurer Glacier Reinsurance, has announced that the company’s existing portfolio will be placed in to an orderly run-off with immediate effect.
NCG changes name
London-based Lloyd’s insurance and reinsurance broker, NCG Professional Risks, has announced its change of name to Oxford Insurance Brokers Limited, with immediate effect.