News
Aviva hires M&A director from Morgan Stanley
Aviva has appointed Jason Windsor as group strategy director, responsible for leading the strategy and M&A teams at Aviva.
Liberty Mutual and General Re settle dispute
Liberty Mutual has resolved a dispute in which it accused the General Re, the reinsurance unit of Berkshire Hathaway of fraud, according to a court filing.
UK General to outsource claims
UK General Insurance has signed a new outsourcing agreement with Direct Group. Under the agreement, Direct Group will take responsibility for processing non-complex commercial and motor claims.
Lockton adds to CSR team
Insurance broker Lockton has appointed charity insurance specialist Richard Prenter to its corporate risk solutions team.
Halo partners with Ceta to launch car hire insurance product
Halo Insurance has partnered with Ceta Insurance to access its 4500 IFA and broker membership base as it continues their roll-out of a car hire insurance product to independent intermediaries.
Lloyd's Market Association names new chairman
Barnabas Hurst-Bannister, chairman of Travelers Syndicate Management, has been elected chairman of the Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community.
Arista close to doubling GWP in 2009
Commercial lines underwriter Arista has recorded an EBITDA profit during the second half of 2009, despite an operating loss of £1.5m for the whole of 2009.
Experts warn of further Icelandic volcano disruption
Experts from the newly formed UCL Institute for Risk and Disaster Reduction today warned that with the high frequency of eruptions of Katla, an eruption in the short term is a strong possibility.
Lloyd's insurer closes in on KGM
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
New ABI chairman outlines challenges ahead
Tim Breedon, group chief executive of Legal & General has been nominated to become the next chairman of the Association of British Insurers.
SFO drops AIG case
The Serious Fraud Office has dropped an investigation into the UK operations of AIG Financial Products.
LV loses out to Fortis over multi-million pound affinity contract
Fortis has been selected over LV to become the insurance partner of recently rebranded charity Age UK, in a multi-million pound deal.
Lloyd's insurer closes in on KGM
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Willis raids RSA for Russia and Middle East boss
Willis Group has appointed Scott Pickering CEO, Russia, Eastern Europe, the Middle East and South Africa, effective immediately.
Willis raids RSA for Russia and Middle East boss
Willis Group has appointed Scott Pickering CEO, Russia, Eastern Europe, the Middle East and South Africa, effective immediately.
80% of insurance industry applies for ELTO membership
Four in five EL insurance firms have applied for voluntary membership of the Employers’ Liability Tracing Office.
Lloyd’s insurer closes in on KGM acquisition as it looks to diversify book
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Quinn confirms number of voluntary redundancy applications exceeds target
In a statement Quinn said that the deadline for receiving ‘expressions of interest’ for voluntary redundancy has now passed and it has advised the employee representative committees it will revert to all voluntary redundancy applicants no later than 14…
Post in print - 27 May
Post reporter Amy Ellis gives a snapshot of some of the main news stories in this week's issue of Post including: LV loses out to Fortis; Stuart Randall returns to market; RBSI loss adjusting decision; Direct Group completes Evander buy; and Aviva…
Bangladesh, Indonesia and Iran top natural disaster ranking
Bangladesh, Indonesia and Iran have been rated as the nations most at risk from extreme weather and geophysical events according to a new study ranking 229 countries on their vulnerability to natural disasters.
Randall start-up Ataraxia has first three brokers in its sights
Former Brokerbility chief executive Stuart Randall has teamed up with senior staff from Evergreen and Axa for his return to the insurance market.
PWC predicts M&A to pick up in Spanish financial services market
The rescue of CajaSur is likely to spark a wave of mergers in the Spanish financial services market as the Spanish Government pushes forward with its plans to merge those institutions to strengthen the market.
Aon expands product recall and contamination team
Aon crisis management has appointed Christof Bentele as global managing director and Bernhard Steves as regional director, Americas of the product recall and contamination team.
More analysts warn on Prudential’s AIA deal
A chorus of opposition is growing against Prudential's $35.5bn takeover of AIA, with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote, according to newswire Reuters.