News
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.
Alterra insurance chief to retire
Alterra Capital has announced that Angelo Guagliano, president and CEO of Alterra Insurance, will retire at the end of May.
Transocean cannot cap Deepwater Horizon liability says court
Transocean cannot use a 150-year- old statute to cap its liability against claims arising from the Gulf of Mexico oil spill, lawyers for victims of the disaster said at a hearing in federal court in Houston, according to newswire Bloomberg.
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.
XL grows professional lines underwriting team
XL insurance has added two new staff to the financial institutions division of its professional lines underwriting team.
Lockton's Brown triumphs
Karen Brown of Lockton International has been named as the winner of the inaugural individual chartered broking award by the Chartered Insurance Institute.
Career development & CSR news: M&S and NFU top customer service awards
Consumer Intelligence has launched an awards event for the motor and home insurance sectors aimed at improving the customer offering.
Career development & CSR news: Andy is Key for Leeds
Andy Key of Leeds Carnegie has been named QBE director of rugby of the season at the Guinness premiership awards in London.
Carrer development & CSR news: Lloyd's and syndicates extend support for Chinese school
Lloyd's has donated a further £50 000 towards the development of a primary school in the remote Chinese province of Yunnan. The funding from Lloyd's China and its syndicates will enable 120 extra students to attend the school following construction of a…
Career development & CSR news: Centor tops new UK ranking of best small workplaces
Centor has been crowned winner of the first ever Best Small Workplaces award for organisations with fewer than 75 employees.
Allianz corporate secures First Direct account
Allianz corporate partner has secured a three-year deal with First Direct, part of HSBC Group, to provide mobile phone insurance for First Direct’s 70 000 account holders as of 1 June 2010.
Sterling responds to brokers on products
Sterling Insurance is to relaunch its office and property owners products after analysing findings from its latest annual survey of 250 brokers.
CFC targeting micro-SME market in the UK
CFC Underwriting is targeting companies in the micro-SME space as part of a plan to broaden its UK offering.
Allianz commercial boss attacks MGAs on trust
Allianz commercial general manager Chris Hanks has slammed managing general agents for failing to "inspire trust and confidence among customers".
Arista to give MGA advice
Arista is hoping to cash in on regional brokers' interest in the managing general agent model as intermediaries seek ways of improving the service they receive from insurers.
Biba to lobby coalition
The British Insurance Brokers' Association is set to launch a major lobbying campaign to promote the role of the broker to the Liberal-Conservative coalition government.
Evolution online deals
Evolution Underwriting Group has launched an initiative offering exclusive deals on a range of online products from Cardinus Risk Management.
Primary's Pitt joins NIG
Former Primary commercial director Richard Pitt has resurfaced working with Royal Bank of Scotland Insurance subsidiary NIG. Mr Pitt left Primary in November 2008 after 30 months.