NIG
Up to 900 roles at risk under £100m DLG cost-saving bid
Up to 900 roles are at risk at the Direct Line Group, with a full site closure of its Teeside office being proposed, Post understands, as it today reveals the scale of redundancies necessary to achieve its £100m cost savings target.
Olympics: A golden opportunity
The Olympic Games are now well underway, with top athletes and millions of tourists now in the UK. But are businesses able to reap the benefits? Or are the problems associated with such an influx unbeatable?
Market moves: Hiscox reshuffles management team in busy week for insurers
Axa, Mitsui Sumitomo and Zurich were the busiest recruiters last week, but Hiscox has been the most active in the past seven days after reshuffling its management team.
Former Chartis manager Lovatt joins NIG
NIG has appointed Paul Lovatt as area underwriting manager for its Birmingham office.
Market moves: Zurich and Mitsui continue recruitment push
Last week's busiest recruiters, Zurich and Mitsui Sumitomo, followed their recent appointments with the addition of more new staff. Mitsui has added two members to its underwriting team, while Zurich welcomed a new head of human resources.
NIG strengthens north east team with two new hires
Commercial insurer NIG has appointed an underwriter and a business manager to its north east team.
Former HSBC Insurance duo poised for £50m drive with motor start-up
A new motor start-up, fronted by a duo of former HSBC Insurance UK executives, has been tipped to make a major play for the broker market in the second half of the year, underwriting up to £50m of business by the beginning of 2013.
Market moves: Brokers lead the recruitment charge
Another action-packed week in terms of recruitment saw the vast majority of movers and shakers switch roles in the broking market.
Flotation deemed 'only option' for Direct Line Group divestment
Analysts have rubbished recent claims that Direct Line Group could be bought by a private equity house, stating that the insurer has to go ahead with the planned initial public offering to obtain the best price and appease UK taxpayers and the European…
NIG introduces underwriting manager for Scotland
NIG has vowed to further strengthen its proposition in Scotland following the appointment of Neil Bowen as area underwriting manager.
NIG reports 103% combined ratio and £494m income in 2011
Annual results for NIG for 2011 have revealed that net earned premium revenue fell by £235.8m to £413.1m compared with 2010.
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.
NIG's Moakes targets East Anglia brokers
Commercial insurer NIG is continuing to bolster its regional offices, recruiting Gill Moakes, pictured, from broker Scrutton Bland to be senior business development manager covering East Anglia.
Post Broking Supplement: Commercial e-trading - Seeing the light
If e-trading in commercial lines is ever to rival the transformative powers seen in personal lines, insurers must commit to building game-changing capabilities.
Post Broking Supplement: Digital technology roundtable
It is vital for brokers to keep abreast of the latest developments, but they must not lose sight of the value in 'old technologies'.
Brands and rebranding: What's in a name?
Many insurance firms overhaul their brands, but what impact does it have on their business?
NIG targets Scottish SME expansion
NIG has vowed to strengthen its Glasgow-based team by recruiting extra underwriters and phasing renewals handling back to the city in a bid to explore opportunities in the Scottish SME market.
MMA hires Thomson for north east
MMA Insurance has appointed Alexandra Thomson as business development manager for the north east, responsible for the development of broker relationships.
FSA looks into mis-sold pet insurance complaints
The Financial Services Authority is to review the potential mis-selling of pet insurance following complaints from pet owners about Direct Line Group's insurer NIG, Lloyds and Halifax.
Arista expands with two Birmingham hires
Arista Insurance has appointed Paul Smith as senior fleet underwriter and Amanda Jones as fleet underwriter to its Birmingham office.
Financial strength rating becomes key for commercial brokers
High-grade insurance financial strength ratings have become much more essential to commercial brokers when they evaluate where to place risks, according to research from NIG.
RBSI reports £749m turnaround in profit in 2011, as it sheds 1.3m policies
Royal Bank of Scotland has reported an operating profit of £454m in 2011, compared with a loss of £295m in 2010. Its new underwriting profit was up from £307m to £1.04bn.
High Net Worth: Opportunities abound to target the top
Despite the economic conditions, high net worth insurance continues to thrive. But will this lead to a host of new entrants in the market?
Market moves: Spring comes early for insurers
Following a strong week for managing general agents, insurers were the main recruiters this week as the market begins its move into the spring.