Covea Insurance
Covéa Insurance CEO Reader looking ahead following official launch
Covéa Insurance, the business formed following the merger of MMA Insurance and Provident Insurance, has been officially launched today.
Covea's Reader makes jobs cut pledge
The merger between MMA and Provident will not result in mass redundancies, chief executive of the newly created Covea Insurance James Reader has told Post.
Arista Insurance grows Thames Valley team
Caroline Hargreaves has been appointed as development underwriter to support brokers in the Thames Valley region.
Market moves: Merlin staff find new roles at LAS
Recruitment this week continued to be dominated by the fallout from the demise of loss adjuster Merlin. While GAB Robins moved for regional manager Andrew Considine last week, it was the turn of LAS, which added 19 former Merlin staff to its force.
MMA poaches motor specialist from QBE
MMA Insurance has appointed Gary Clayton as senior motor trade underwriter with a remit for the South of the UK.
Salient Solutions founder joins Capita's insurance arm as non-executive director
Capita has appointed Clare Ryder as non-executive director of the partnerships arm in the firm's insurance services business.
Schemes let down by insurers on service
Commercial schemes are continuing to grow in popularity, according to MMA, which has found that overall premium in commercial schemes grew by 25%in the first half of this year compared with the same period in 2012.
MMA executive director Plummer retires
MMA Insurance has confirmed that former commercial director Derek Plummer has retired from the company.
A mutual future?
Regulations like Solvency II will have a significant impact on mutuals across Europe. Francesca Nyman asks whether the model will survive.
Mike Quinton says departure was nothing to do with aggregator failure
Mike Quinton has confirmed he has left Covea, the parent company behind the failed aggregator start-up he had worked on, stressing that it was only a temporary role.
"Strong likelihood" of redundancies as Covea scraps aggregator plans
MMA Holdings has confirmed that it will not be launching an aggregator platform as it "does not fit" with its core UK business and plans for future growth.
Market moves: Brokers a hive of recruitment activity
Insurance broker Jelf was among the most active recruiters this week, launching a four-strong affinities and schemes team and adding two new staff to its recently opened office in London.
Combined profit of 'going concern' Provident and sister MMA reaches £4.5m
MMA and Provident's final sets of individual annual results published before their anticipated merger reveals a combined pre-tax profit of £4.53m for the year ending 31 December 2011.
Motor book drives MMA leap in profits
MMA has reported a significant growth in profit after tax to £6.36m (2010: £1.14m) in its final set of annual results before it merges with Provident under the new Covea Insurance brand in September
BIBA 2012 Video: Is mandatory commission disclosure inevitable?
Today at Biba we asked attendees about their reaction to the recession and whether it has affected clients.
Friend or Foe: Q&A with Accident Exchange CEO Steve Evans
Steve Evans has spent four years bringing the activities of rate surveyor Autofocus to light, making him an unpopular figure in insurance circles.
Former Powerplace CEO Ball back with new online SME start-up
The former boss of Towergate's online offering Powerplace is back with a new online SME venture which using ex-Coverzones software allows brokers to white label their websites for "quote and buy" policies from a host of insurers.
MMA appoints ex-Ecclesiastical man Casserley as schemes manager
MMA Insurance has named former Ecclesiastical development team member Liam Casserley as schemes account manager as part of a bid to build on 50% growth achieved by the firm last year.
NFU and Ageas pay Accident Exchange undisclosed settlements
NFU Mutual and Ageas have reached settlement agreements with credit hirer Accident Exchange over their use of Autofocus evidence.
MMA profits from motor turnaround
MMA Insurance has issued its 2011 annual results, the final numbers that will be issued before the business is merged with Provident Insurance to form Covéa Insurance in the final quarter of 2012.
MMA posts £12.1m profit in final results before merger
MMA Insurance recorded pre-tax operating profit of £12.1m in its 2011 annual results, up from £0.3m in the prior year period.
Aviva pays Accident Exchange "seven figure" settlement
Aviva has paid credit hirer Accident Exchange a "seven figure" out-of-court settlement after using "dishonest" Autofocus evidence to reduce its hire charges.
Market moves: Insurers lead Easter recruitment charge
As the industry heads into the Easter break, insurers are, once again, leading the way in the recruitment space.
MMA's Fearn becomes executive deputy chairman of Covéa
Garry Fearn, currently chief executive of MMA Insurance, is to take on a new role as executive deputy chairman of Covéa Insurance.