News
China counts costs of typhoon Haiyan
After battering the Philippines, super typhoon Haiyan weakened but still caused significant damage in South China.
Insurance losses in Philippines likely to top $300m, says AIR Worldwide
As the extent of the devastation becomes clearer from typhoon Haiyan, latest estimates put the insurance bill at a minimum of $300m.
Trott to join RK Harrison in senior schemes role
Former Towergate chief executive Simon Trott is to join the UK retail arm of broker RK Harrison.
Public sector focus boosted by latest Aon Risk Solutions hire
Aon Risk Solutions has appointed John Shaftoe to the role of public sector director based in Aon’s Glasgow office.
Quindell plans two major insurer deals in next six months
Outsourcing firm Quindell expects to announce at ‘least two major new clients’ in the next six months along with increasing the volume of business with three of its existing clients.
Deputy PM Clegg praises Bluefin for apprenticeship success
Bluefin has been congratulated by Deputy Prime Minister Nick Clegg after being recognised in the Top 100 Apprenticeship Employers list.
Nexus credit subsidiary swoops for Novae's MacLeod
Nexus CIFS has appointed the Novae Group’s Allie Macleod to the new role of business analyst.
Aviva rumoured to be planning sale of asbestos liabilities
Aviva is seeking to offload a £1bn portfolio of liabilities including the majority of its exposure to historic asbestos-related claims, according to reports.
Birbeck to lead Axa's Glasgow branch as Maguire exits
The manager of Axa’s Glasgow branch, John Maguire, is to retire after nearly 34 years at the insurer.
Quindell raises £200m and plans name change
Quindell Portfolio has raised £200m through the placing of 1 315 789 500 new ordinary shares at a price of 16 pence per share.
S&P downgrades RSA
Standard & Poor’s has lowered RSA’s financial strength and issuer credit ratings from A+ to A, attributable partly to losses related to issues in its Irish operations.
Generali takes full control of Philippines, Thailand and Indonesian operations
Generali has completed the acquisition from Kuok Group of the 40% interests held by the partner in Generali Asia, the holding company controlling the group's insurance operations in the Philippines, Thailand and Indonesia.
Gooding takes on IMO role for IUMI
The International Union of Marine Insurance has appointed a new representative at the International Maritime Organisation.
Gooding takes on IMO role for IUMI
The International Union of Marine Insurance has appointed a new representative at the International Maritime Organisation.
Almost 20% of motorists would consider telematics at next renewal
Nearly one in five motorists will consider taking out black box car insurance policies at their next renewal date as the technology goes mainstream, according to Consumer Intelligence.
Royal London Group in agreement to back MBO of RL360°
The Royal London Group has entered in to an agreement to support a management-led buyout of Royal London 360° and its subsidiaries for an undisclosed sum.
Ex-Capita director to relish insurance focus following Bluefin move
Bluefin personal lines managing director Jon Walker has admitted that returning to a company with a strong insurance focus was the major motivating factor behind his decision to turn his back on Capita.
McManus named CEO of UK retail at Gallagher
Former Giles chief executive Brendan McManus has been appointed CEO of UK retail at Arthur J Gallagher following the official completion of the £233m acquisition of the Giles business.
Toby Ducker appointed COO at BMS
BMS Associates has appointed Toby Ducker as its group chief operating officer.
Accenture partner swaps tech role for PWC insurance position
PWC has recruited Michael Spiteri as a partner in the firm’s insurance consulting team.
Consultants welcome timeframe clarity from Omnibus II decision
Consultancy firms have welcomed the Omnibus II agreement reached by the European Union trilogue parties saying the deal will provide insurers with much-needed clarity.
Kiln CEO champions 'profit not premium' following underwriting improvements
Kiln chief executive Charles Franks has praised his firm’s “strict underwriting standards” amid a challenging market conditions, after syndicates were forecast to deliver a profit for the 2011 and 2012 years of account.
Former NMB boss Reis to take on commercial role for CGSC
Cooper Gay Swett & Crawford has appointed Carlos Reis as commercial director of CGSC Holdings Brasil.
David Hertzell to chair CII's Professional Standards Board
The Law Commissioner for commercial and common law David Hertzell is to become the new independent chair of the Chartered Insurance Institute’s Professional Standards Board.