News
Manslaughter publicity orders go live
From 15 February, any organisation guilty of an offence under the Corporate Manslaughter Act is potentially liable to a publicity order, requiring it to publicise details of its conviction and sentence.
TUC supports EL database proposals
The Trades Union Congress has welcomed the government moves to open a consultation on the setting up of an employers’ liability insurance bureau.
PE firm outlines Esure MBO involvement
Electra Partners has issued a statement regarding its £30m investment in Peter Wood’s buyout of Esure from Lloyds Banking Group.
Perkins Slade earns chartered status
Independent insurance broker Perkins Slade has been awarded the title of chartered insurance broker by the Chartered Insurance Institute.
Allianz steps up consumer intelligence
Allianz has selected Callcredit Marketing Solutions as its data supplier, to support its long-term pricing and marketing strategy following a tender.
Ink founders launch start-up
Managing general agent Ink's founders Keith Syrett and Philip Thomas are setting up a new MGA, Thames Underwriting from 1 March.
Lloyds sells Esure stake to founder Peter Wood for £185m
Lloyds Banking Group has sold its 70% stake in esure, the online insurer, to a management buyout vehicle to be called Esure Group Holdings, led by Esure chairman Peter Wood, for a cash consideration slightly in excess of book value in the Lloyds Banking…
Select & Protect extends Tenet deal
Select & Protect has broadened its relationship with the Tenet Group by partnering with Tenet Supports Services and Premier Partnership to offer members its full range of general insurance products.
Seel named pet committee chairman
David Seel, managing director of Capita Insurance's pet insurance arm Thornside has been appointed chairman of the Association of British Insurers’ Pet Insurance Committee.
Ace adds to property division
Ace European Group has appointed Marsh Risk Consulting senior consultant Irmran Malhi as account engineer for its property business.
Private equity-backed Merlin reports £61.9m loss
Merlin's turnover fell to £64.9m from £65.6m in its last financial year and, as of 30 April 2009, had net liabilities of £73.2m.
Hewett departs as GC UK chairman - sources
The chairman of Guy Carpenter's UK arm has left the company, Reinsurance has learned.
GMAC confirms motor insurer Provident is up for sale
Staff at the Halifax-based insurer were briefed on the sale on 4 February by senior management.
Catlin boasts of record profit
The Lloyd's insurer saw a 12% increase in gross premiums written to US$3.7bn on constant currency basis; and an 8% increase on a reported basis (2008: US$3.4bn) and recorded a 89% combined ratio (2008: 95%).
Lloyd's insurer sets up new liability division with Argo hire
To build and lead the new division, which will specialise in international professional and general liability and related classes, Chaucer has recruited Mark Lawrence as head of division.
Beazley sets up M&A team
Lloyd's insurer appoints John McNally to head a new team in London focusing on insuring the contingent risks that can otherwise impede merger and acquisition transactions.
Allstate in earnings turnaround
Allstate said that fourth quarter and yearly net income jumped.
Everest Re shrugs off 2008 with strong 2009
Everest Re shrugged off a horrible 2008 to rebound strongly in 2009.
Partner Re's net income rises to $1.5bn
PartnerRe reported net income was $1.5bn, or $23.51 per share, up from $46.6m, or $0.22 per share in 2008.
Transatlantic Re's earnings climb
Transatlantic Re becaome the latest US insurer to report improved earnings.