News
LV launches recruitment advertising campaign
The campaign uses technology that enables jobseekers to interact with existing LV staff and find out about the jobs on offer before applying.
HMRC admits defeat in aggregator VAT battle
HM Revenue & Customs has decided against appealing its long-running aggregator VAT battle to the Supreme Court.
Zenith and Link cost Guardian Holdings £129m
Motor insurer Zenith and its sister company Link Insurance, have cost its former owner £129m, twice the £65m Guardian paid for it five years ago.
LV hires four former NIG staff
LV announced today that it is opening a new office in Exeter and has appointed Steve Meredith as regional manager for the South West.
Post in print - 3 June 2010
Post reporter Leigh Jackson gives a snapshot of some of the main news stories in this week's issue of Post.
Wood advisory role
Gateshead-based Northern Counties Insurance Brokers has appointed Mark Wood, managing director of UKGI, pictured, in a non-executive advisory capacity.
Lockton values England squad as £293m risk
Insurance broker Lockton has valued the England football squad as £293m risk to the London market as it completes its flight to South Africa for the World Cup.
ELTO success not dependent on FSA
The insurance industry has continued to back the formation of an Employers’ Liability Tracing Office, despite concerns about the future of the Financial Services Authority.
LSB continues to build referral fees evidence
The Legal Services Board has received the advice of the Legal Services Consumer Panel on referral fees.
Junction reveals ambitious growth plans
Junction said it has today revealed ambitious growth plans in a marketplace otherwise seen by analysts as static.
Groupama appoints new chief actuary
Groupama has appointed Niraj Shah as chief actuary, with current actuary Steven Blake set to join RSA.
Beazley appoints broker relations boss
Beazley has appointed Dan Jones to lead its strategic broker relations programme.
Aegon raids Zurich for new UK CFO
Dutch insurer Aegon has appointed Zurich head of group audit Clare Bousfield as chief financial officer of of its UK arm.
Pru AIA bid collapse to cost insurer £450m
Prudential has said the collapse of its $35.5bn takeover of AIG’s Asian unit will cost it about £450m ($660m).
Chubb confirms £41.5m Lloyd’s syndicate
Chubb has confirmed it has received approval from the Lloyd’s Franchise Board to establish a new Syndicate which will be named Chubb 1882.
Fitch: latest Solvency II proposals expected to increase capital requirements
Fitch Ratings says that the latest QIS5 Solvency II regulatory capital proposals may increase capital requirements for European insurers compared to earlier proposals, depending on insurers' specific characteristics.
Hyperion backer posts profit for 2009
Venture capitalist BP Marsh has posted a consolidated profit on ordinary activities after tax of £0.3m for the year ending 31 January 2010 (31 Jan 2009, loss of £1.7m).
PwC: 2010 M&A “hot beds” starting to emerge
The first quarter of 2010 has been “unremarkable” for European financial services activity but “hot beds” of activity are starting to emerge, PricewaterhouseCoopers has claimed.
Aegon raids Zurich for new UK CFO
Dutch insurer Aegon has appointed Zurich head of group audit Clare Bousfield as chief financial officer of of its UK arm.
First named storm of 2010 Pacific hurricane season hits central America
Agatha, the first named storm of the 2010 East Pacific hurricane season was declared on Saturday, located just off the Guatemala coast before making landfall as a tropical storm along the border of Mexico and Guatemala at 22:40 UTC on Saturday.
Cologne Re changes name to General Re
Reinsurer changes name of German company to join the rest of the business that has operating under the Gen Re name since 2003.
Aviva appoints new Romania chief
Aviva has appointed Mihai Popescu as chief executive of Aviva Romania.
Reinsurance rates decline at June Florida renewals
According to a report by reinsurance broker Guy Carpenter, Florida renewal rates have declined by 10-12% at renewal.
Bluefin completes Gilbert Insurance Brokers purchase
Insurance broker Bluefin has announced the acquisition of St Albans-based intermediary Gilbert Insurance Brokers.