News
DLG prospectus reveals 2011 COR breakdown
The Direct Line Group has launched a prospectus geared towards tying up its proposed £500m planned subordinated debt issuance, in which it discloses last year's combined operating ratio for the insurer's various lines of business.
Aviva management shake-up poll result
Will the changes really 'simplify' and 'focus' the business?
Slim-line Talanx looking to shed 730 jobs by 2015
German insurance group Talanx plans to save €245m annually by cutting 730 jobs in a reorganisation of retail operations in its home market.
Hardy shareholders say yes to CNA deal
Hardy shareholders have approved the £143m sale of the Lloyd's insurer to CNA.
Ace appoints Asia Pacific energy casualty underwriter
Ace has named Shaun Oliver as Asia Pacific Energy Casualty Underwriter.
Nearly 80% of Vietnamese SMEs lack disaster preparation
Despite their exposure, small to medium sized businesses in Vietnam are seriously under-prepared for the possibility of a natural disaster, a study by the Asia Foundation has found.
Payment defaults increasing across European firms
The level of payment defaults is improving in Japan and the US, but eurozone risk is on the rise, according to credit insurer Coface.
Credit card-linked insurance and assistance market worth €4bn in Europe
The market for packaging and cross-selling insurance and assistance policies linked to payment cards and bank accounts is lively and competitive in most European countries, according to research by consultancy firm Finacord.
ABI seeks 'radical' action to tackle whiplash epidemic
The Association of British Insurers has called for an end to people claiming compensation for whiplash injuries unless there is objective evidence of injury.
Axa will never swallow MGA "hype" and "lure of lira" again, promises Williams
Axa will not fall prey to the hype about managing general agents while the current management team is in place.
Reed outlines plan to roll Axa Business Risk into Simple e-trading platform
Axa Commercial has confirmed it will eventually close and roll its Axa Business Risk platform into its new Acturis-based Simple e-trading one as the firm seeks to simplify its business offerings.
Willis UK business down "mid-single digits" in Q1
Willis has again bemoaned the performance of its UK arm as it reported net income from continuing operations for the quarter ended 31 March of $225m compared with $35m in the same period a year ago.
Post Blog: Jackson and the cost of justice
Rob Williams, head of costs at Weightmans, and James Stanbury, partner at RGL Forensics, explain how to cut legal costs in a pre-Jackson world.
Debevoise & Plimpton advise Omega on Canopius deal
Law firm Debevoise & Plimpton is advising Omega on Canopius acquiring the business.
LASPO bill gains Royal Assent
The Legal Aid, Sentencing and Punishment of Offenders Bill will at best "represents a litany of missed opportunities" for the personal injury system, and at worst will "cast a shroud of ambiguity that will profoundly damage access to justice", according…
Internal model key to insurers' infrastructure investments, says Fitch
The future ability of insurance firms to invest in infrastructure projects is likely to depend on whether they use internal models to determine their Solvency II capital requirements, and can persuade regulators that infrastructure investment merits…
Canopius details Omega takeover savings and possible Tower Bermuda sale
Canopius chairman Michael Watson said that taking over Omega will be the "last big deal", but is not the end of its "ambitions".
Beachcroft promotes five to be partners
International law firm DAC Beachcroft LLP has appointed five new partners with effect from 1 May 2012, taking total partner numbers to 235.
Insurer speaks out on Warboys case
Inceptum Insurance, the motor insurer being sued by victims of the so-called black cab rapist John Worboys, said that it has "every sympathy" for the victims.
Career development: Ace and Power Place host D&O workshops
Power Place and Ace will host a directors' and officers' workshop for brokers on 12 June.
Career development: ECIC offers energy training for brokers
Electrical Contractors Insurance Company has launched a renewable energy training scheme for its broker partners.
Ace on a 'hunt' to buy Japanese firms
Ace Group has revealed its interest in Japanese acquisition targets in a conference call with analysts
Safety consultants in management buyout
Health, Safety and Engineering Consultants, based in Ashby-de-la-Zouch, Leicestershire has undergone a £2.7m management buy-out backed by venture capitalist EV.
Market moves: Ace makes four top appointments
While Aviva stole the headlines with a restructuring of its management team, Ace led a similar revamp in the recruitment sector this week.