News
Bupa to acquire two health insurance groups
Bupa is to grow its international operations by acquiring AMEDEX Insurance Company and International Health Insurance Danmark a/s (IHI), which provide health insurance products to expatriates.
Biba calls for greater terrorism cover on travel insurance
The British Insurance Brokers’ Association (Biba) is calling on more travel insurance companies to provide cover against terrorism.
Cooper Gay announces Middle East partnership
The Cooper Gay Group has announced a partnership with LMG, which according to the company provides the base for Middle Eastern expansion.
Reynolds appointed CFO at Aon Re International
Michael Reynolds has been appointed as chief financial officer of Aon Re International (ARI), Aon Re UK, in addition to his current role as CFO for Aon Captive Services Group (ACSG).
SVB arranges £20m bank credit
Lloyd’s insurer SVB has arranged new banking facilities with Lloyds TSB. A £20m letter of credit is available as funds at Lloyd's to support SVB's underwriting for the 2005 and 2006 years of account.
Towergate Partnership makes e-commerce acquisition
The Towergate Partnership has acquired Your Insurance Group (Brokers) (YIG) based in Guildford, Surrey as a part of a £10m investment in developing the Group’s e-commerce capability.
Former Groupama claims boss joins Guardian
Jacci Taylor has been appointed as head of business transformation for Guardian General's European businesses - Link and Zenith - reporting directly to Andy Haynes, group chief executive.
Cox deal nears completion as brand revamp revealed
The consortium led by Neil Utley has announced the effective completion of its £430 million acquisition of Cox.
QBE in claims shake up
QBE has appointed Paul Moss to the newly formulated role of head of claims, QBE European Operations.
Revios releases 2004 figures
Revios Reinsurance Group has concluded its second full business year with a further substantial increase in earnings.
AIG gets Vietnam licence
American International Group (AIG) has announced that its subsidiary, American International Underwriters Insurance Company (AIUI), has been notified that it will receive a license from the government of Vietnam to operate a wholly owned general…
Insurance staff retention rates nosedive, says report
Organisations in the insurance sector are struggling to hold on to their employees, despite the frequency and value of bonus payments.
Chubb casts affluent net wider
Chubb is launching a new lifestyle insurance product for the ‘emerging affluent’ – the UK’s growing number of wealthy professionals.
Defaqto signs deal with Unitas
Defaqto, the financial research company, has secured a new contract with broker alliance Unitas to provide it with general insurance data across its 11 member companies.
Groupama reveals healthcare distribution strategy
Groupama has released the initial conclusions of its review of healthcare distribution, saying it will expand into the sector.
Munich Re releases risk model details
Munich Re has publishes detailed information on its internal risk model, showing that the Group's available financial resources rose by €1.9bn to €22.6bn in the business year 2004.
Large brokers could lose market share, claims report
The largest insurance brokerages are likely to lose investment value and market share to middle-market firms in the near future, according to a new study by Cochran, Caronia & Co.
New team at Singer & Friedlander
Singer & Friedlander Insurance Finance (SFIF) has announced a new team for its Dorking operation.
Esure sets up new protocol agreement
A protocol agreement has been set up between personal injury specialists Scott Rees & Co and internet insurer esure to speed up claims and reduce administration costs.
CMGL to manage St Paul Travelers continental run-off
Claims Management Group (CMGL) has been appointed as the single run-off provider for St Paul Travelers throughout continental Europe.
Kwik-fit sold off for £800m
CVC has announced it will sell Kwik-Fit to Speedy 1 Limited, a company controlled by PAI partners, for £800 million. The basis and terms of the proposedtransaction have been agreed subject to certain regulatory and other approvals.
Highway boss resigns
Highway Insurance this morning announced that Andrew Gibson, chief executive officer, has resigned wi...
Folgate announces passing away of regional md
The Folgate Partnership has announced with regret the sudden death of John Marshgreen, regional managing director, who passed away on 19 June.
Bruce Stevenson acquires Glasgow broker
Edinburgh-based Bruce Stevenson, one of Scotland’s largest insurance brokers, has made its seventh acquisition in as many years by taking over Glasgow insurance broker Downes Cameron.