News
Tenet launches new investment roadshows
Tenet, is to run a series of investment roadshows to support advisers in dealing with recent market volatility and future strategies.
AIG nearing Japan HQ sale
AIG, the struggling US insurer, said that it is nearing the sale of its Japanese headquarters.
Gulf insurers looking to avoid investing in equities - reports
Gulf insurers are looking to avoid investing in local equities, UAE newspaper 'The National' has reported.
Aviva launches new broker website and online trading platform
Ahead of Norwich Union's name change on 1 June, Aviva this month launches its brand new website for brokers, www.aviva.co.uk/broker and online trading platform, Fast Trade.
Biba to host credit insurance meeting
The British Insurance Brokers' Association has arranged for the Treasury, the Department for Business Executive and Regulatory Reform and credit insurance brokers to meet to discuss the new Trade Credit Insurance Top-up Scheme (TCITS), which was…
Beachcroft sets up new venture after Kingslegal swoop
Beachcroft is to open an office in Newport, South Wales, taking over 109 staff and the entire defendant insurance business of Kingslegal.
BGL affinity arm in senior hire
Junction, the affinity partnerships arm of the BGL Group, has appointed a new financial director, Mark Guttridge.
Fortis UK breaks free of banking ties
Fortis Insurance UK has stated its intention to move forward with "confidence and certainty for the future" following recent developments at group level.
Boat insurance fraud trebles
Yacht and motorboat insurer Navigators and General, which is part of the Zurich Group, has seen the cost of fraudulent pleasure craft claims more than treble in the first three months of 2009.
Iron-Starr Excess appoints new COO
Iron-Starr Excess Agency Ltd, the joint venture between CV Starr and Ironshore, said it has appointed Michael Warwicker as chief operating officer of Iron-Starr Excess Agency.
Flagstone Re Q1 net income up
Flagstone Re, the Bermudian (re)insurer, said that net income for the first quarter of the year rose to $35.7m from $32.7m the year before.
Hannover Re Q1 net income soars; beats expectations
Hannover Re, the German (re)insurance giant, said that first quarter net income rose by over 42%, to €216.1m from €151.5m over the same period last year.
Axa targets mid-corporate sector with new launch
Axa has re-designed its motor trade offering with what it claims are improved product benefits and expanded capability for both SMEs and the larger corporate market.
Validus increases GWP to £609.9m
Validus, the Bermudian (re)insurer, reported a net income of $94.9m for the first three months of the year to end-March, compared to net income of $66.5m for the corresponding period of 2008.
Former RSA CEO joins Distinct Consulting
Former RSA chief executive officer Jeremy Riley has been hired as managing partner of Distinct Consulting.
QBE boosts European business with new appointment
QBE European Operations is pleased to announce the appointment of Stephen Slingsby as general manager operations, European Markets.
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.