News
Towergate concludes refinancing deal and cuts debt by £100m
Towergate Partnership has announced the completion of its refinancing and £200m investment from private equity firm Advent International.
Amlin boss warns insurers could quit UK over Solvency II "gold plating"
Amlin chief executive Charles Philipps has warned his firm could relocate overseas because of Solvency II.
Amlin boss warns insurers could quit UK over Solvency II "gold plating"
Amlin chief executive Charles Philipps has warned his firm could relocate overseas because of Solvency II.
IAG buys reserve deterioration reinsurance for UK arm after $121m loss
Insurance Australia Group has conceded that it will report "a greater than expected insurance loss" of $121m (£76m) from its UK operation when it unveils its half year results on 24 February 2011.
Jelf Manson appoints new account executive
Jelf Manson has appointed Paul Spurway to the role of account executive as part of a drive to launch a new proposition, aimed at simplifying the insurance process for the property sector, to Manchester and across the North West.
First Assist selects new intellectual property manager
FirstAssist Legal Protection has appointed of Bob Knock as Intellectual Property Product Manager as part of its strategy to support further growth in the IP market.
Euler Hermes backs government ECGD products
Credit insurer Euler Hermes has cautiously welcomed the government’s plans to launch a series of new ECGD products.
Crash for cash at record high
New research from LV has revealed that staged car accidents are at a record high with over one in 20 (5%) of respondents believed to have been a victim of a crash for cash staged accident in the past two years.
Exclusive regulation and D&O content now available on Post Europe
Post Europe’s weekly update is now live with articles looking at Guernsey’s need to declare it would not be seeking Solvency II equivalency; and a View from the Top which says challenges in the European directors’ and officers’ markets are formidable.
Exclusive regulation and D&O content now available
Insurance Insight’s weekly update is now live with articles looking at Guernsey’s need to declare it would not be seeking Solvency II equivalency; and a View from the Top which says challenges in the European directors’ and officers’ markets are…
Chief underwriting officer Matson to leave Lloyd's insurer Novae
Peter Matson is to stand down from his role as group chief underwriting officer and member of the board at Lloyd's insurer Novae on 30 April 2011.
IIB questions logic of upfront commission disclosure
The Institute of Insurance Brokers has reiterated its concerns that the European Commission-led review of the Insurance Mediation Directive could lead to mandatory commission disclosure.
IIB questions logic of upfront commission disclosure
The Institute of Insurance Brokers has reiterated its concerns that the European Commission-led review of the Insurance Mediation Directive could lead to mandatory commission disclosure.
AJAG issues final Jackson response
The Access to Justice Action Group (AJAG) has today submitted its response to the Ministry of Justice Green Paper on implementing the Jackson review.
GIIA appoints new chairman
The Guernsey International Insurance Association has appointed Martin Le Pelley, of Heritage Insurance Management as its new chairman.
GIIA appoints new chairman
The Guernsey International Insurance Association has appointed Martin Le Pelley, of Heritage Insurance Management as its new chairman.
Allianz Legal Protection adds to BTE Team
Allianz Legal Protection has appointed Basil Anderson as key account developer within its before-the-event (BTE) insurance team.
Former GAB manager joins Garwyn
Garwyn Group has appointed Greg Molyneaux as regional & technical director for Garwyn’s North Western operations.
Dual joins forces with law fim Kennedys
Dual Corporate Risks has entered a strategic partnership with Kennedys that will see the law firm handling claims on a third-party basis.
Financial ombudsman reveals sharp rise in PPI complaints
The Financial Ombudsman Service has revealed that payment protection insurance complaints rose to 24 955 for the period October to December 2010, up 17% from the previous three months.
Gallagher raises $125m to fund acquisitions
Arthur J Gallagher has completed a private placement of $125m of senior unsecured notes.
P&C director Price leaves Dual
Steven Price is leaving Dual Corporate Risks after just seven months at the Hyperion-owned underwriting agency, Post Online can reveal.
Aviva outlook revised to "stable" after "strong progress"
Standard & Poor's has revised its outlook on Aviva to stable from negative.
NIG defends aggressive “Guarantee to Beat” pricing campaign
Dave Parry, director of sales and distribution at NIG, has defended the firm’s March/April “Guarantee to Beat” pricing strategy, recently advertised to brokers.