News
Aviva pensions proposal
Aviva has entered a consultation with its UK employees, including RAC staff, regarding proposals to end its final salary pension scheme.
Broker dumps Willis and undergoes MBO
Glasgow broker Orr Kerr Dykes has expanded its operations with the opening of a sales branch in Stirling following the completion of a management buyout.
Waiting game for Quinn staff over UK comeback
Quinn Insurance should discover whether it can begin underwriting UK business again by the end of the week, Post understands.
Volcano fallout not expected to hit insurers
Insurers are unlikely to have significant exposure to billions of dollars in lost revenue caused by the eruption of an Icelandic volcano, industry experts have claimed.
Capita insurance chief quits after six months with 'job done'
Capita's Matthew Briggs is poised to leave the outsourcing firm less than six months into his role as chief executive of the insurance services division.
Towergate creates two PLCs and appoints IPO specialist
The Towergate Partnership has instructed an international corporate law firm to help it oversee a financial restructuring of the business including the formation of two "public-limited company" operations, Post has learnt.
Bluefin director joins Henderson
Henderson Insurance Brokers has appointed Gordon Brain as group broking director, based at the company’s Leeds head office.
Henderson in Leeds acquisition
Henderson Insurance has acquired Leeds-based Denney O’Hara (Life and Pensions) and Denney O’Hara for an undisclosed sum.
Airline body slams lack of co-ordination over volcanic groundings
The International Air Transport Association has criticised European governments for what it claims is a "lack of leadership in handling airspace restrictions in light of the Icelandic volcano eruption". It urged a re-think of the decision-making process.
Rainbow first to offer BDMA standards guarantee
A new initiative said to guarantee that all insurance restoration work will be carried out to exceed British Damage Management Association standards has been launched by Rainbow International.
Waterland to buy MetLife Taiwan for $112.5m
Waterland Financial Holdings to pay cash for the Taiwan business of the US life insurer as more insurers exit the country.
Airline body slams lack of co-ordination over volcanic groundings
The International Air Transport Association has criticised European governments for what it claims is a "lack of leadership in handling airspace restrictions in light of the Icelandic volcano eruption". It urged a re-think of the decision-making process.
Reinsurance market could turn this year – Lockton Re
Lockton market update report notes that the reinsurance market may be on the brink of a new shift in cycles despite strong 2009 reinsurer results.
Axa reacts as watchdog blocks deal
The Australian Competition and Consumer Commission has today decided to oppose National Australia Bank's proposed acquisition of Axa Asia Pacific Holdings, and not to oppose AMP's proposed acquisition.
Axa reacts as watchdog blocks deal
The Australian Competition and Consumer Commission has today decided to oppose National Australia Bank's proposed acquisition of Axa Asia Pacific Holdings, and not to oppose AMP's proposed acquisition.
Buffett loses $1bn after Goldman charge
The value of Warren Buffett’s options to buy Goldman Sachs shares fell by over $1bn after the SEC sued the investment banking giant on Friday, according to sister publication IFAonline.
Car insurance costs rise in Q1
The price of car insurance rose by 4.3% during the first quarter of 2010, research by Confused and EMB has shown.
Insurancejobs.co.uk web seminar on staff retention - two o'clock today
Insurancejobs.co.uk is hosting a special, free to attend live and interactive web seminar today.
Catlin swoops for Angel business
Catlin has acquired the professional indemnity and directors’ & officers’ liability book of business underwritten by Angel Underwriting.
US Congress extends National Flood Insurance Program
President Barack Obama has signed into law legislation that extends the National Flood Insurance Program (NFIP) through to 31 May.
Equity wins Honda affinity deal
Honda UK has appointed Equity Direct Broking to administer its car and motorcycle insurance schemes. In addition to quote and buy websites for both products, an accident repair service is administered through the Honda approved repair network.
Broker Network names new director
Broker Network has appointed Paul Roberts as customer services director, for its network division.
China Pacific 2009 profit soars
China Pacific Insurance, China’s third-biggest insurer, said profit almost tripled last year after a rally in the domestic stock market lifted investment returns.
Munich Re takaful arm in talks with DIFC
Munich Re Retakaful is reported to be holding talks with the Dubai International Financial Centre to enter the UAE.