News
Private sector deals send positive signal to financial services
While deal values in the financial services sector dropped off in the final quarter of last year, this decline will not change the positive trend of increasing m&a activity, according to analysts at Procewaterhouse Coopers.
Breckenridge acquires specialty reinsurance intermediary
Breckenridge has acquired a majority interest in REcentis Intermediaries, a specialty reinsurance broker with offices in Westlake Village, California and Sydney, Australia.
Allianz Commercial gains presence in North-east with Newcastle office
Allianz Commercial has opened an office in Newcastle.
Egyptian losses too early to assess
Aon Risk Solutiuons has said that from a political risk point of view it is too early to say whether the events in Egypt will lead to losses in the insurance market.
RSA appoints new CEO for Asia Middle East
RSA has appointed Stuart Purdy CEO for the Asia & Middle East region (AME).
Ex-Oxygen M&A head joins Oval
Oxygen Insurance Brokers' former mergers and acquisitions practice leader Jim Rutherford has joined Oval.
Insurers facing FSA SII levy increase
The Financial Services Authority has revealed plans to increase its levy for the implementation for Solvency II from £29m to £46.4m.
Insurers facing FSA SII levy increase
The Financial Services Authority has revealed plans to increase its levy for the implementation for Solvency II from £29m to £46.4m.
Nexus forms Lloyd’s consortium
Nexus Underwriting Management has converted its subsidiary Argo Financial Products in to a Lloyd’s Consortium.
Oxford Insurance Brokers adds two to PI team
Lloyd’s insurance and reinsurance broker Oxford Insurance Brokers has confirmed two new additions to its UK professional indemnity team.
Insure & Go strengthens ties with Healix
Travel insurance firm Insure & Go has integrated the Healix medical risk assessment tool into its web sales channel allowing travellers with pre-existing medical conditions to receive online quotes.
Hastings gains four star rating
Hastings Direct has been awarded an additional star by Defaqto for its car insurance products.
Bright Grey awarded ‘5 Star’ Defaqto rating
Protection specialist Bright Grey has been awarded the maximum 5 star rating by independent financial research company Defaqto, for its critical illness product.
Companies reassessing coverage in wake of Egyptian unrest
Marsh has said that companies are reassessing the adequacy of their insurance coverage and risk management arrangements in the wake of political unrest in Cairo and other cities across Egypt.
Towers Watson completes EMB deal
Towers Watson has confirmed its acquisition of EMB, the property and casualty professional services firm.
Flood-ravaged Queensland braces for cyclone Yasi
Queensland Australia is bracing itself for Yasi. According to catastrophe modelling firm AIR Worldwide, the cyclone was about 1630 kilometers east northeast of Mackay and moving west at 30km as of the Australia’s Bureau of Meteorology 11:00 EST advisory.
Towergate to benefit from "first mover advantage," claims Fitch
Fitch Ratings has affirmed the long-term issuer default rating of Towergate Finance at 'B'. The outlook is stable.
Rias home insurance earns five-stars
Home insurance provided by over 50s specialist Rias, has received the top five-star rating from Defaqto, in recognition of the level of features included in the product.
Policy sales up 68% in 2010 for Brightside
Insurance policy sales for Brightside Group rose 67.9% in the year ending December 2010, according to the company.
S&P: Omnibus II will stabilise insurer rating environment
Standard & Poor's today said it believes the European Commission's publication of its proposed revisions - known as Omnibus II - to the Solvency II directive, will have a stabilising impact on the market.
S&P: Omnibus II will stabilise insurer rating environment
Standard & Poor's today said it believes the European Commission's publication of its proposed revisions - known as Omnibus II - to the Solvency II directive, will have a stabilising impact on the market.
Brit share deal extended for fifth time
Achilles' has extended the deadline by which Brit shareholders can accept or decline the private equity consortium’s offer for the company for a fifth time.
Brit share deal extended for fifth time
Achilles' has extended the deadline by which Brit shareholders can accept or decline the private equity consortium’s offer for the company for a fifth time.
Towergate extends RDT technology partnership
Towergate has widened the use of RDT insurance application Landscape to include its let properties business line of products.