ERS
CPP seeks capital injection as it restructures balance sheet
Credit Card insurer CPP has received interest from investors to inject £9m of new equity into the business as it looks to restructure its balance sheet after paying out £1.3bn compensation to customers who were mis-sold insurance.
Research: State of the Broking Nation Part 1: Insurers
A warts-and-all qualitative view from the broking market
ERS owner Aquiline splurges on US adjuster
Private equity house Aquiline Capital has announced a deal to buy one of the largest independent claims adjusters in the United States.
ERS hires ex QBE casualty claims head
Non-standard motor specialists ERS have appointed Donna Willis as head of personal injury claims.
ERS reports profit for first time since 2009
Insurer ERS has recorded a half year profit for the first time since 2009 improving its 2013 Q2 result by £25m.
ERS recruit from Rural for business development pair
ERS has picked up a pair of business development executives from Rural Insurance, with responsibility for Scotland and the North East.
Axa motor boss Byford to head up retail underwriting at ERS
ERS has hired Axa’s head of motor personal lines intermediary Jon Byford to head up retail underwriting at the broker-only motor insurer.
ERS to launch two motor products at Biba conference
ERS is launching two new motor solutions at the Biba 2014 conference in Manchester.
Equity emerges from rebrand as ERS
Equity Insurance Group has rebranded as ERS - the latest move in the continuing overhaul of the business since its acquisition by Aquiline last year.
Equity Syndicate reports 12.6% capacity loss for 2011
Equity Syndicate 218 has closed its 2011 account year with a 12.6% loss of capacity.
Utley buys ‘Beckingham Palace’ for £11.5m
Hastings Direct chairman Neil Utley has bought the Hertfordshire home of David and Victoria Beckham for £11.5m.
Equity activates Quindell Challenger tools
Motor insurer Equity has this week activated new tools from Quindell focusing on claims, policies and management intelligence.
BIA countdown: Young achievers look back: Q&A with Victoria Cuggy and Claire White
As part of Post’s countdown to the 20th anniversary of the British Insurance Awards in July, we spoke to two past winners of the Young Achiever accolade. Equity’s Victoria Cuggy won the award in 2006 for her work in managing the company’s compliance…
Devitt appoints Hill as underwriting director
Devitt Insurance Services have appointed Andrew Hill as underwriting director further strengthening its senior management team.
Green Insurance Group first investment for Minority Venture Partners
Minority Venture Partners has invested in Bexhill-on-sea broker Green Insurance Group.
Sale of Equity Direct Broking to NMG completed
Equity Insurance Group has announced the completion of the sale of Equity Direct Broking to NMG Holdings.
Hastings staff to pocket windfall as Goldman Sachs deal is completed
Goldman Sachs Merchant Banking Division has signed off on a deal to acquire 50% of the voting share capital in Hastings Insurance Group.
LV looks to Equity and NIG for underwriting appointments
LV Broker has strengthened its commercial underwriting team with two appointments.
Aviva promotes Fraser Edmond as Hudson’s successor
Aviva has promoted Fraser Edmond to replace Sam Hudson as broker performance director, the insurer has confirmed.
Interview: Ian Parker: Taking the scenic route
Ian Parker’s search for the right firm took him across the globe before he finally found his ‘sweet spot’ with Equity. The chief executive tells Post why the insurer is such a perfect fit.
Macquarie acquires 19.9% share of Equity Redstar
Aquiline Capital Partners has sold a 19.9% share of specialist motor insurer Equity Redstar to Australian investment bank Macquarie.
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.