News
Arista close to doubling GWP in 2009
Commercial lines underwriter Arista has recorded an EBITDA profit during the second half of 2009, despite an operating loss of £1.5m for the whole of 2009.
Experts warn of further Icelandic volcano disruption
Experts from the newly formed UCL Institute for Risk and Disaster Reduction today warned that with the high frequency of eruptions of Katla, an eruption in the short term is a strong possibility.
Lloyd's insurer closes in on KGM
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
New ABI chairman outlines challenges ahead
Tim Breedon, group chief executive of Legal & General has been nominated to become the next chairman of the Association of British Insurers.
SFO drops AIG case
The Serious Fraud Office has dropped an investigation into the UK operations of AIG Financial Products.
LV loses out to Fortis over multi-million pound affinity contract
Fortis has been selected over LV to become the insurance partner of recently rebranded charity Age UK, in a multi-million pound deal.
Lloyd's insurer closes in on KGM
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Willis raids RSA for Russia and Middle East boss
Willis Group has appointed Scott Pickering CEO, Russia, Eastern Europe, the Middle East and South Africa, effective immediately.
Willis raids RSA for Russia and Middle East boss
Willis Group has appointed Scott Pickering CEO, Russia, Eastern Europe, the Middle East and South Africa, effective immediately.
80% of insurance industry applies for ELTO membership
Four in five EL insurance firms have applied for voluntary membership of the Employers’ Liability Tracing Office.
Lloyd’s insurer closes in on KGM acquisition as it looks to diversify book
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Quinn confirms number of voluntary redundancy applications exceeds target
In a statement Quinn said that the deadline for receiving ‘expressions of interest’ for voluntary redundancy has now passed and it has advised the employee representative committees it will revert to all voluntary redundancy applicants no later than 14…
Post in print - 27 May
Post reporter Amy Ellis gives a snapshot of some of the main news stories in this week's issue of Post including: LV loses out to Fortis; Stuart Randall returns to market; RBSI loss adjusting decision; Direct Group completes Evander buy; and Aviva…
Bangladesh, Indonesia and Iran top natural disaster ranking
Bangladesh, Indonesia and Iran have been rated as the nations most at risk from extreme weather and geophysical events according to a new study ranking 229 countries on their vulnerability to natural disasters.
Randall start-up Ataraxia has first three brokers in its sights
Former Brokerbility chief executive Stuart Randall has teamed up with senior staff from Evergreen and Axa for his return to the insurance market.
PWC predicts M&A to pick up in Spanish financial services market
The rescue of CajaSur is likely to spark a wave of mergers in the Spanish financial services market as the Spanish Government pushes forward with its plans to merge those institutions to strengthen the market.
Aon expands product recall and contamination team
Aon crisis management has appointed Christof Bentele as global managing director and Bernhard Steves as regional director, Americas of the product recall and contamination team.
More analysts warn on Prudential’s AIA deal
A chorus of opposition is growing against Prudential's $35.5bn takeover of AIA, with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote, according to newswire Reuters.
Alterra insurance chief to retire
Alterra Capital has announced that Angelo Guagliano, president and CEO of Alterra Insurance, will retire at the end of May.
Transocean cannot cap Deepwater Horizon liability says court
Transocean cannot use a 150-year- old statute to cap its liability against claims arising from the Gulf of Mexico oil spill, lawyers for victims of the disaster said at a hearing in federal court in Houston, according to newswire Bloomberg.
PWC predicts M&A to pick up in Spanish financial services market
The rescue of CajaSur is likely to spark a wave of mergers in the Spanish financial services market as the Spanish Government pushes forward with its plans to merge those institutions to strengthen the market.
XL grows professional lines underwriting team
XL insurance has added two new staff to the financial institutions division of its professional lines underwriting team.
Lockton's Brown triumphs
Karen Brown of Lockton International has been named as the winner of the inaugural individual chartered broking award by the Chartered Insurance Institute.
Career development & CSR news: M&S and NFU top customer service awards
Consumer Intelligence has launched an awards event for the motor and home insurance sectors aimed at improving the customer offering.