ERS
Equity hires Aspen’s Katie Wade to replace Andrew Gibson as CFO
Motor insurance specialist Equity has recruited Aspen’s Katie Wade to replace Andrew Gibson as its chief financial officer.
Career file: Sam Hudson - Aviva's Hudson to join Equity in January
Sam Hudson, Aviva's broker performance director for intermediary and partnerships, is to join Equity from the start of next year as commercial director.
Penny Black's Insurance Week - 14 November 2013
Penny was delighted to catch up with the new team at Equity this week and find out what their plans are for next year following the overhaul of the business.
Aviva's Hudson to join Equity in January
Sam Hudson, Aviva's broker performance director for intermediary and partnerships, is to join Equity from the start of next year as commercial director.
Arista recruits from Equity for credit control pair
Commercial lines underwriter Arista Insurance has swooped for a pair staff from Equity insurance for its credit control unit.
Motor Insurance: Jumping the gun
Motor insurers’ over-eagerness to reap the anticipated benefits of the Legal Aid, Sentencing and Punishment of Offenders Act has resulted in a sharp drop in rates. With unprofitability increasing, where does the sector go from here?
Hastings receives Goldman Sachs investment
Goldman Sachs Merchant Banking Division will acquire 50% of the voting share in Hastings, in a move that implies a net enterprise value of approximately £700m.
Equity sells direct broking division to NMG Holdings
Equity Insurance Group has sold specialist motor and home broker Equity Direct Broking to NMG Holdings as part of its strategy for the business to return to underwriting.
Capital influx could displace traditional equity capital - Willis Re
The influx of third-party capital into the reinsurance market may displace up to $40bn (£25.5bn) of traditional equity capital, which could either be returned to shareholders or redeployed elsewhere in the reinsurance market, according to Willis Re.
Gender Directive: New Tricks
The EU Gender Directive has given rise to a new generation of ‘girly’ motor insurers – but are the practices sustainable in the long term?
Canopius acquires Equity's home and PA books and 25% Arista stake
Canopius has purchased Equity Insurance Group’s home and personal accident books as well as a 25% shareholding in Arista Insurance.
Equity Red Star’s strategy prompts reorganisation
Lloyd’s motor insurer Equity Red Star is to reorganise its motor division and senior management team as part of a new strategy.
Motor Insurance: The road to profit
Could recent legislation provide the turning point motor insurers need to drive them into long-awaited profitability, or are tough times set to continue?
Insurers’ closed third-party phone lines add to claim settlement times
Zurich to consider litigation if subrogation times are ‘unreasonable’
Equity closing in on "high profile" director amid overhaul of business
The new chief executive of Equity has outlined its plans to strengthen its specialist lines offering within the motor sector as it moves to a broker-only model.
Equity axing 200 jobs in motor focused re-launch
Equity Insurance Group is to cut 200 roles following its acquisition by Jeff Greenberg-led private equity house Aquiline.
Movers & shakers: All aboard as every sector chips in with compelling recruitment performances
Hires, departures and extra-curricular appointments were finalised across the board this week, as the managerial merry-go-round gathered speed. At UK General, Neil Martin has been hired to take on the role vacated by Bluefin-bound John Neil, while in the…
Market Moves: Ecclesiastical, Hiscox and Mitsui Sumitomo lead the way in busy week for insurers
This week saw a host of major insurers complete hires in business areas ranging from sales to claims. Among the firms leading the recruitment race were Hiscox, Ecclesiastical and Mitsui Sumitomo. Elsewhere, while the broking sector registered little of…
Equity boosts board with five non-exec appointments
Equity Insurance Group has appointed five non-executive directors to the Equity Syndicate management board.
Equity names Xchanging’s Yorke as its first COO
Equity Insurance Group has continued to restructure its leadership following yesterday’s confirmation that the Aquiline purchase had completed.
Aquiline completes Equity acquisition
New York-based private equity firm Aquiline has completed its deal to purchase Equity Insurance Group.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Co-op appoints Deutsche Bank for GI sale
The Co-Operative has recruited Deutsche Bank to lead the sale of its general insurance operation with a price tag of more than £650m, according to reports.