News
Xchanging predicts year-on-year fall in 2011 profit
Xchanging chief executive and founder David Andrews has stepped down from the role of chief executive with immediate effect.
Xchanging predicts year-on-year fall in 2011 profit
Xchanging chief executive and founder David Andrews has stepped down from the role of chief executive with immediate effect.
Powerplace hit by Reed departure
Towergate-owned trading platform Powerplace has confirmed the departure of chief executive Matthew Reed.
Novae finalises run-off closures
In an announcement to the London Stock Exchange, Novae has confirmed it has closed two of its run-off syndicates, while predicting its pre-tax profit for 2010 will reach at least £34m.
Councils claim Supreme Court victory
The Supreme Court has found unanimously in favour of Harrow in the RMP v Brent/Harrow case.
XL GWP flat as underwriting income falls
Property and Casualty insurer XL has recorded a combined operating ratio of 94.8% for 2010 (2009: 93.6%), while announcing it has received approval to offer insurance in China.
Jubilee enters terrorism market
Jubilee Managing Agency has entered the terrorism market after employing Marcus Ripley, a former Hardy underwriter.
THB reports 32% rise in 2010 broking profit to £7m
THB this morning reported fee and commission income in 2010 was up by 5% at £48.4m (2009: £46.2m).
Willis appoints new CEOs as it unveils management changes
Willis Group has today announced a series of leadership appointments in its reinsurance, wholesale and placement divisions.
Willis appoints new CEOs as it unveils management changes
Willis Group has today announced a series of leadership appointments in its reinsurance, wholesale and placement divisions.
Recession causes decrease in car sales in European countries
New research from Finaccord, a market research consultancy specialising in financial services, casts light on dynamics in the market for automotive finance and leasing for consumers in Europe.
Recession causes decrease in car sales in European countries
New research from Finaccord, a market research consultancy specialising in financial services, casts light on dynamics in the market for automotive finance and leasing for consumers in Europe.
Whittington makes personnel change in Singapore
Whittington Group has promoted Ross Bundey, group general counsel, to the position of director of the Group’s holding company, Whittington Group Pte Ltd.
Lockton warns firms over data breaches
A new Lockton White-paper has warned organisations that do not notify data breaches they are “living on borrowed time”.
Moody’s Analytics announces Solvency II collaboration
Moody’s Analytics has announced a collaboration with Barrie & Hibbert to offer Solvency II customers of the risk management solutions provider with seamless access to Barrier & Hibbert’s economic scenarios.
Moody’s Analytics announces Solvency II collaboration
Moody’s Analytics has announced a collaboration with Barrie & Hibbert to offer Solvency II customers of the risk management solutions provider with seamless access to Barrier & Hibbert’s economic scenarios.
ABI: winter freeze cost insurers £1.4bn
The ABI has stated that total costs for motor and home claims reached £1.4bn during 24 November to 31 December 2010, as the “big freeze” swept across the UK.
Terra Firma confirms Chaucer interest
Private Equity giant Terra Firma has confirmed a potential bid for Lloyd’s of London insurer Chaucer’s entire issued share capital.
Electrical Contractors’ Insurance creates new affinity division
Following the acquisition of Brand Risks Group in September 2008, Electrical Contractors’ Insurance Services has announced that the Brand Risks businesses are now being integrated into ECIS and will become the basis for the formation of a new affinity…
Tawa targets US growth
Risk capital and insurance services provider Tawa has outlined plans to increase its investment in the US marketplace.
Brightside swoops for Quote Exchange
Brightside Group has agreed to purchase the entire issued share capital of Quote Exchange Limited for a maximum consideration of £3.7m in cash and the issue of 1,394,700 ordinary shares in Brightside
ABI warns members to prepare for EU gender ruling
In a letter sent by the Association of British Insurers to board members, acting director general Maggie Craig, has advised members to make the necessary preparations for a judgment by the European Court of Justice that as a general principle differences…
ABI warns members to prepare for EU gender ruling
In a letter sent by the Association of British Insurers to board members, acting director general Maggie Craig, has advised members to make the necessary preparations for a judgment by the European Court of Justice that as a general principle differences…
Risk management salaries up says Mercer
Salaries for risk management roles in financial services organisations are increasing as the sector responds to regulatory guidance, according to data issued by Mercer.