News
Ageas and Groupama in acquisition talks
Ageas UK and Groupama have entered exclusive discussions regarding the sale of Groupama's UK non-life insurance business.
Biba calls for ban on banks selling general insurance direct
British Insurance Brokers' Association chief executive Eric Galbraith, pictured, has thrown his weight behind Martin Wheatley's pledge to toughen up on the mis-selling of financial products.
Aviva director quits for Towergate
Aviva's shared services director, Alison Wilford, is to leave the insurer to join Towergate.
Communities Minister replaces Hoban as Treasury Secretary
Greg Clark, pictured, former Minister of State at the Department for Communities and Local Government, has replaced Mark Hoban as Financial Secretary to the Treasury.
Recession fuelling surge in fraudulent claims
Insurance fraud is on the rise again, according to an Insurance Fraud Investigators Group report.
Solvency II timetable 'extremely tight' for insurers
Complete and accurate data is at the heart of the challenge to ensure that insurers are treated fairly under Solvency II, according to Allianz's Peter Keller.
Merlin liability head joins Williams Pitt
Merlin's head of UK liability, Chris Lewis, is to join loss adjuster Williams Pitt on Monday.
Chartis enters sole tied agent agreement with HNW broker
Chartis Private Client Group has entered into an exclusive arrangement with broker Markham Private Clients, which will become its sole tied agent.
NCC to support CNA with cyber response team
Global information assurance firm NCC Group has agreed to support commercial insurer CNA Europe with a cyber incident response team.
AIG starts disposing shares in Hong Kong business
American International Group has commenced a sale in Hong Kong of up to $2bn worth of ordinary shares of AIA Group by means of a placing to certain institutional investors.
Tesco Bank snaps up Zurich's Bedlow
Zurich's former personal lines managing director, Karl Bedlow, pictured, is to join Tesco Bank.
Chris Hanks to retire from Allianz
Allianz Commercial general manager Chris Hanks, pictured, is said to be retiring in 2013.
Reinsurance CORs fall "dramatically" in H1
Global reinsurers' operating performances improved significantly in the first half of 2012, according to Fitch's latest report.
BlackRock recruits Leidtke for FIG role
BlackRock has appointed Patrick Liedtke, pictured, to lead its Financial Institutions Group in Europe, the Middle East and Africa.
Flood losses more than doubled in past 10 years, study finds
Flood losses are increasing at an alarming rate and the insurability of floods provides unique challenges for the industry, according to Swiss Re's latest report.
Mitsui Sumitomo names new professional indemnity underwriter
Mitsui Sumitomo has promoted Stuart Wood, pictured, to class underwriter for professional indemnity in its professional lines operation.
Mitsui Sumitomo promotes Wood to class underwriter for PI
Mitsui Sumitomo at Lloyd's has promoted Stuart Wood to class underwriter for professional indemnity in its professional lines operation.
Weil starts role as Marsh CEO
Mark Weil, pictured, has taken up his role as Marsh chief executive, as previously reported by Post.
Probable maximum loss "a terrible metric", says Air Worldwide founder
PML figures play too great a role in modern catastrophe underwriting, according to modelling expert Karen Clark.
Weil begins leadership of Marsh UK and Ireland
Mark Weil has taken up his previously announced appointment as chief executive of Marsh's UK and Ireland operation, Marsh Ltd, following regulatory approval.
RSA appoints new non-executive director
The Royal Dutch Shell's chief human resources and corporate officer Hugh Mitchell is set to join the RSA board on 26 September.
RSA appoints Mitchell as non-executive director
RSA Insurance Group has appointed human resources specialist Hugh Mitchell to its board as a non-executive director from 26 September.
Generali reaches new agreement to sell Israeli Migdal
The Generali Group has reached a new agreement to sell its entire 69.13% stake in Israeli firm Migdal Insurance and Financial Holdings to Eliahu Insurance Company.
FSA to investigate Lloyds Bank over PPI mis-selling
The Financial Services Authority has launched an investigation into the Lloyds Banking Group over payment protection mis-selling.