News
Cooper Gay reports 22% jump in income
Broker Cooper Gay has today announced 22% increase in income to £83m (£68.1m) and an earnings increase of 15% to £18m (2007: 15.6m) for the financial year ending 31 December 2008.
RSA's Haste tipped as Schiro replacement at Zurich
Andy Haste, the chief executive of RSA, has been approached to take over the top job at rival insurer Zurich Financial Services, according to a report in the Telegraph. It added Mr Haste, who has held the top job at RSA since 2003, had held held talks…
Groupama gears up to fight fraud
Groupama Insurances is stepping up its counter fraud activities with a new and enhanced team of specialists and the appointment of RG Investigations and the Cotswold Group to its investigator panel.
Kwik Fit appoints director
Kwik Fit Financial Services has appointed Stevie Sutherland as business development director from Banco Santander.
Biba secures member discount for FSA funding
The British Insurance Brokers Association has secured a special member rate for Financial Services Authority funding.
Ex-Allianz commercial manager Hanks in start up
Ex-Allianz commercial manager Lloyd Hanks has today launched a new lead-generation and marketing service for brokers called Origin.
Law firms merge
Thompsons Solicitors and Rowley Ashworth have merged today to create a combined law firm.
Not-for-profit insurance aggregator targets charity sector
Hastings Direct has launched a brand new insurance comparison site, www.peopleschoice.co.uk, which will make a donation to charity for every policy taken out online.
Broker completes first acquisition since MBO
Hastings Direct has agreed to acquire Renew Insurance Services Limited, the specialist broker with its two main brands: Renew which works to address the insurance needs of the over 40s, and Likewise, which works with younger customers. The acquisition is…
Hastings Direct to pilot high street branches
Hastings Direct has today announced its intention to invest in a series of brand new High Street shops.
Travelers Q1 net income drops 32%
Travelers, the US insurance giant, reported first quarter net income dropped 32% to $662m from $967m at the end of the first three months of 2008.
The Hartford reports $1bn loss in Q1
US insurance giant The Hartford continued to struggle, reporting a loss of over $1.02bn in the first three months of the year.
Odyssey Re Q1 net income dwindles
Odyssey Re, the US reinsurer, said that net income fell to $0.9m in the first three months of 2009, down from $249m for the first quarter of 2008.
Transatlantic Re Q1 net income off 35%
Transatlantic Holdings, the US reinsurance giant, said that first quarter net income dropped nearly 35% to $75.2m from $115.7m the year before.
Canada Life launches one time underwriting on group life schemes
Canada Life has announced the introduction of one time underwriting to Group Life schemes, following the launch of one time underwriting on Group Income Protection schemes last year.
Unum increases maximum benefits
Unum has increased its maximum benefit limits, offering annual cover of up to £250,000 a year on its Personal and Primary Income Replacement Plans.
LV= free CI offer for new IP customers extended until end of year
LV= has extended its free critical illness (CI) cover offer to the end of 2009. All new customers taking out an income protection (IP) policy under the LV= Flexible Protection Plan by 31 December 2009 will receive free lump sum CI cover equivalent to…
Ironshore recruits more from AIG
Ironshore's hiring of former AIG staff continued unabated this month, with the Bermudian (re)insurer...
Deal or no deal Validus will grow, says Noonan
Bermudian (re)insurer Validus has said that it will grow its operations even if its $1.68bn takeover...
Lloyd's looks at options for an Islamic syndicate
Lloyd's has said that it is currently researching the viability of a retakaful syndicate - but has d...
A familiar feel to Bermuda results
The first wave of quarterly results from Bermuda showed the usual pattern - solid underwriting perfo...
Renaissance syndicate gets green light from Lloyd's
As revealed by Reinsurance, Bermudian (re)insurer Renaissance Re has received approval from Lloyd's ...
Recruitment moves
Specialist broker THB Group has appointed Steve Matanle as chief executive of its London-based Lloyd...
NY regulator acts over Allstate chief admission
The New York State Insurance Department has asked Allstate to report its unregulated writing of cred...