News
PICC appoints legal firms for IPO preparations
Legal firms Slaughter and May, Sullivan & Cromwell and Davis Polk & Wardwell have picked up lead advisory roles as the state-owned People's Insurance Company of China gets closer to an initial public offering.
Quinn Insurance founder faces nine-week jail term
Sean Quinn, the founder of Quinn Insurance, has been handed a nine-week jail sentence for contempt of court.
HSB steps up recruitment drive with double regional hire
HSB Engineering Insurance has strengthened its regional business development teams with the appointments of Daniel Maskell in London and Adam Phillips in Birmingham.
Hiscox attributes £1.2bn GWP to errors and omissions rate rises
Hiscox has reported gross written premium of £1244.4m for the nine months to 30 September 2012, a 6.4% increase on £1169.5m for the same period in 2011.
Scor places catastrophe bond against Europe and US perils
Scor has launched a multi-million pound catastrophe bond to provide protection against US hurricanes and earthquakes and European windstorms as part of a strategy to diversify its capital protection tools.
Go Compare boss to consider sale
Go Compare boss Hayley Parsons has reportedly appointed advisors to look at selling the aggregator.
Zurich ends Thomas Cook HNW deal
A Zurich spokesman has confirmed that the recent re-launch of Zurich’s high net worth travel product was preceded by the cancelling of a tie-up with White Horse Insurance.
Twelve jobs at risk at the Chartered Insurance Institute
The Chartered Insurance Intitute has placed up to 12 people on redundancy consultation, Post understands.
Spain's Mapfre has 7.1% share of Latin America market
Mapfre continues to have the second largest market share in the Latin America insurance market, behind Bradesco Seguros, according to a survey published by the Insurance Sciences Institute of Fundación Mapfre.
Arista appoints underwriter in broker relationships initiative
Commercial lines underwriter Arista has appointed Mick Hunter as development underwriter in its St Albans office in a bid to boost relationships with brokers.
Eurobase continues hiring spree
Global software provider Eurobase Insurance Solutions has appointed David Towning as projects director and Caroline Bedford as senior business analyst.
Picknett leaves Groupama as restructure continues
Groupama Insurances has confirmed that 20 positions are at risk in the finance, IT, HR and marketing teams as the company moves to reduce expenses and restructure its central support functions.
DonFrancesco to leave Towergate
Towergate group head of marketing Marc DonFrancesco is leaving the business after six years.
US Risk plans Dubai launch
US Risk is seeking to establish broking operations in Dubai.
GAB Robins loss adjusters gain gold Dewpoint accreditation
A group of loss adjusters from GAB Robins has become the first to be admitted to the new Dewpoint Professional Accreditation Scheme.
RSA launches Fit to Drive campaign with MP support
MPs have signed an RSA campaign urging the government to change the law on how drivers' vision is assessed.
Outgoing Besso chairman Wade sells stake
Chairman Michael Wade has sold his stake in Besso to a consortium of investors, including BP Marsh.
Aria reaches partnership deal with Globe Med
Aria Assistance has signed a strategic partnership for the delivery of assistance services with Africa and Middle East regional healthcare business Globe Med.
AIA appoints Yeo Yong-Boon as non-exec director
Pan-Asian insurer AIA Group has appointed George Yeo Yong-Boon as an independent non-executive director
Keating starts UK General MD role
Mike Keating has completed his return to the industry, starting his new role as commercial managing director at UK General Insurance.
LDC takes 22.5% stake in Keoghs
Private equity investor LDC has invested in Keoghs, taking a 22.5% shareholding, after the law firm was approved for an alternative business structure.
Admiral slows rate of growth as Q3 turnover takes a slight dip
Admiral released its interim management statement this morning covering the past four months in which third-quarter figures showed a 5% reduction in UK car insurance turnover.
RTA Portal Co chooses IT partner for extension plans
RTA Portal Co has appointed CRIF Decision Solutions as a technology partner to implement changes to the existing electronic claims system as part of the extension of the RTA Protocol planned by the Ministry of Justice.
Quindell outlines growth potential with share placing agreement and key hire
Quindell has entered into a placement agreement with Cenkos Securities in a bid to support the firm's "aggressive" growth strategy.