News
Clear establishes second base after buy
Independent intermediary Clear Insurance Management has created its first satellite office, after completing its purchase of Lynas Vokes Insurance Brokers.
Risk trio joins forces to improve ERM discipline
Eight years after publishing their first collaborative standard, the UK's three main risk management bodies have joined forces once again to co-author a new, free practical guide on enterprise risk management.
Swinton targets at least 30 broker deals in 2010
Swinton has revealed it is targeting at least 30 acquisitions in 2010, after purchasing the personal lines business of CBG Insurance Brokers.
Quinn to appeal High Court ruling over information access
Quinn Direct is to appeal a High Court judgment from October 2009, which it claims relates to issues "central to the rights of insurers".
Allianz mulls online-only plan for direct personal business
Allianz Insurance is considering remodelling its Cornhill Direct business into an online- only provider.
Endurance's top shareholder wants merger
Endurance has been told that it should consider a merger with one of its (re)insurance rivals, one of the company's largest shareholders has told the company's management.
Guy Carpenter COO to leave company- sources
Another senior member of Guy Carpenter's executive committee has resigned from the broker, Reinsurance has learned.
Pick of the week
Post reporter Amy Ellis outlines some of the major stories from this week's issue of Post Magazine.
MIAB launches new locum product
The Medical Insurance Bureau has launched the Permanent Locum Plan to be underwritten by protection specialist insurer Pioneer.
Cap Z to buy out 3I in Jelf fundraising plan
Cap Z will now hold a minimum of 25.01 per cent of the company's enlarged ordinary share capital.
Spanish insurance industry suffers under weight of recession
Spanish insurers will continue to see their profitability squeezed as a result of the tough economic environment, according to Moody’s.
Spanish insurance industry suffers under weight of recession
Spanish insurers will continue to see their profitability squeezed as a result of the tough economic environment, according to Moody’s.
CNP's profits exceed €1bn
Premium income outside France surges 93.4% to €6.3 bn (up 65.8% under French GAAP) led by CNP Vita in Italy, Caixa Seguros in Brazil and CNP Vida in Spain.
IGI awarded third consecutive IIP accolade
IGI Legal Assist has successfully met the accreditation for the Investors in People mark for the third consecutive time.
Aon announces regional restructure
Aon Corporate has appointed eight new area directors as a part of a restructure of its UK operation, designed to bring decision-making and resources closer to its clients.
HCC net earnings up $13.2m for Q4 2009
HCC Insurance holdings has announced its earnings for the fourth quarter and full year 2009, which ended December 31.
Lloyd’s named UK’s strongest insurance brand
Specialist insurance market Lloyd’s has been named as the UK’s top insurance brand.
Lloyd’s named UK’s strongest insurance brand
Specialist insurance market Lloyd’s has been named as the UK’s top insurance brand.
Jelf looks to raise a further £17m after reporting a £9.7m loss in 2009
It is expected that any placing would be conducted at or around the price of 36 pence per ordinary share and would be subject to shareholder approval at a general meeting.
Barrie & Hibbert seal Dexia Insurance ESG deal
Belgian company Dexia Insurance has appointed Barrie & Hibbert to provide an Economic Scenario Generator to assist in its Solvency II compliance and MCEV calculations.
Barrie & Hibbert seal Dexia Insurance ESG deal
Belgian company Dexia Insurance has appointed Barrie & Hibbert to provide an Economic Scenario Generator to assist in its Solvency II compliance and MCEV calculations.
Moneysupermarket sees insurance transactions fall 14% in 2008
However, insurance made up 55% of the revenue (£75.7m), compared to 44% in 2008 despite a slight drop from £77.7m that year.
Senior executive leaves Allied World
One of Allied World's senior international property underwriters has left the Bermudian (re)insurer, Reinsurance has learned.
Markerstudy completes Zenith deal
Markerstudy Holdings has completed the purchase of Zenith Insurance incorporating Link Underwriting Agency and GHL Insurance Services, after receiving approval from the Financial Services Authority.