News
GAB UK in MBO as international business goes to Stonepoint
GAB Robins UK management team led by chief executive Kieran Rigby is close to sealing a deal for the business, Post understands.
LV joins Go Compare panel
LV has joined Go Compare's home insurance panel.
Bodyshop network spurns MVRA proposal
Bodyshop network ABP Club has decided not to pursue a formal agrement with Capita subdisiary MVRA after discussions with members.
International insurance capacity important for Middle East construction market - JLT
International insurance capacity will remain important in the changing Middle East construction market, said a partner at (re)insurance broker Jardine Lloyd Thompson at a conference in Bahrain.
Ace launches new solution
Ace Europe has launched a new insurance and risk management solution for mid-sized companies with overseas subsidiaries or assets.
Browne Jacobson hires new partners
Specialist insurance law firm Browne Jacobson has appointed two new partners to its recently opened City office.
LMA CEO joins Lloyd’s service provider as non-executive director
JMD Specialist Insurance Services (JMD) has announced the appointment of Lloyd's Market Association chief executive David Gittings as a non-executive director.
ING replaces CEO; says to cut 7,000 jobs
ING, the Dutch bancassurer, said that it has replaced its chief executive Michel Tilmant with current chairman Jan Hommen.
International athlete joins insurance claims firm
Outsourced claims provider Bankstone has appointed Steve Halliday as national sales manager.
Tokio Marine signs joint venture with Japanese telecoms giant
(BestWire) - Tokio Marine Holdings Inc. [85100] has signed a business and capital alliance agreement with NTT Finance Corp., a subsidiary of Japan's main telecommunications group Nippon Telegraph and Telephone Corp., to establish a joint venture for…
Giles wins major account in first national tender
Giles Insurance Brokers has been appointed as sole insurance advisor to the National Federation of Builders.
Lorega lands milestone deal with the Jelf Group
Loss recovery insurance (LRI) specialist Lorega has signed a deal with Jelf Insurance Brokers, which will make its claims assistance service available to Jelf Insurance Brokers' commercial customer base.
Duck Creek Technologies to acquire UK Affiliate
Duck Creek Technologies, a provider of software and services for the insurance industry, has revealed its intent to acquire its London-based affiliate.
Medico-legal firm claims market first in effort to reduce injury costs
Premier Medical Group claims to have become the first medico-legal reporting agency to be able offer a fully electronic medical report process to claimant solicitors.
M & A specialist sees increased interest in UK firms from foreign buyers
Imas Corporate Advisors, the corporate finance boutique, has recruited Tony Shearer as chairman and Bruce McIntyre a new partner, to take advantage of opportunities afforded in the UK mergers and acquisition markets.
RBS receives 'informal' bid for insurance business
Royal Bank of Scotland has received an informal offer for its insurance business according to a press report.
Hiscox sees renewal rates rise by up to 30%
Lloyd's insurer Hiscox this morning said it had seen good rate increases in key areas, especially reinsurance which accounts for over one third of its gross written premium. It added rates for 'peak zone US reinsurance business' rose on average by 15 -…
Tysers appoints Merchant to the board
Broker Tysers has appointed Tony Merchant to the board of its UK corporate risks division.
Max Capital CEO sees 21% FY premium growth in 2009
Max Capital's chief executive Marty Becker has said that gross written premiums for the Bermudian reinsurer is projected to grow by 21% in 2009, thanks to the current economic climate and a heavy natural catastrophe season last year.
Chaucer confirms intention to raise capital
Chaucer has confirmed speculation it is exploring its options for raising capital in light of an improving underwriting outlook for the insurance sector and the company's capital requirements.
RSA, HBoS and Paymentshield sign up with network
IFA network Sesame has launched a general insurance service, in an attempt to help its members during the market turmoil.
Japanese insurance giants in blockbuster merger
Japanese non-life insurance giants Mitsui Sumitomo, Aioi Insurance Co and Nissay Dowa General Insurance have agreed to merge.
Swiss Re declines to comment on writedown rumours; shares hammered
Swiss Re shares are off nearly 14%, reportedly because of writedown worries.
Greenberg berates Liddy over potential AIA sale
Former AIG chief executive Hank Greenberg once again tore into current AIG incumbent Edward Liddy over rumours that he was contemplating the sale of the company's Chinese insurer AIA.