Personal
Axa UK CEO Moreau to leave for top job in France
Axa has confirmed long standing speculation that its UK CEO Nicolas Moreau is to leave his role and become CEO of Axa France.
Esure IT platform outsourced in £26m Capgemini deal
Esure has migrated the majority of its IT platform to Capgemini in a multi-million pound outsourcing deal.
IFB and Police conclude household fraud operation
The Insurance Fraud Bureau and Lancashire Constabulary today concluded 'Operation Flash’ at Preston Crown Court.
Defaqto: significant variation in legal cover for uninsured loss recovery
Findings from a Defaqto study have revealed “significant variations” in comprehensive motor insurance policies, for those looking to reclaim costs for uninsured losses.
Liberty Syndicates enters UK motor market
Liberty Syndicates is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
Lloyds Development Capital backs Chem-Dry MBO from Evander
The Evander Group has today announced the transfer and sale of Chem-Dry in the UK from Evander to Chem-Dry management, backed by Lloyds Development Capital.
Fresh selects Open GI for certificate support
Midlands-based broker Fresh Insurance has chosen Open GI as its technology provider for the distribution of electronic motor insurance certificates.
Cega expands PA team
Cega has strengthened its personal accident claims team with the appointment of three new PA claims specialists.
Sterling promotes broker development manager
Sterling Insurance Company has promoted senior development manager James Guthrie, to associate director responsible for broker development.
Aggregators “dominating” personal lines market
Research by advisory firm Deloitte has revealed that 40% of consumers have purchased a non-life insurance policy via a comparison site in the last year.
CHO Helphire boss Richard Rose hails "significant" turnaround
Credit hire firm Helphire today said it expects its results for the year ended 30 June 2010 to show a strong recovery in performance as a result of the plan and to be in line with expectations.
Competition Commission launches PPI consultation
The Competition Commission has unveiled a consultation paper on the way retail payment protection insurance is sold.
Claims outsourcing firm sees losses narrow in first half of 2010
Resources in Insurance Group, a provider of claims management and consultancy solutions to the UK insurance profession, this morning said revenue increased by 35% to £925 146 (2009: £687 805) for the first six months of 2010.
Outgoing IAG UK boss Neil Utley backs £74m buyout
KBC Group and KBC Peel Hunt have reached agreement over a buy-out of KBC Peel Hunt for a total consideration of £74m.
Post Magazine - 29 July 2010
The latest issue of Post magazine is now available to subscribers as a digital interactive e-book.
Autofocus enters administration
Credit hire reporting company Autofocus has entered administration.
RSA acquires 123 Money
RSA has completed the purchase of Irish personal lines broker 123 Money for a sum in excess of £54m.
RSA acquires 123 Money
RSA has completed the purchase of Irish personal lines broker 123 Money for a sum in excess of £54m.
Aviva and Xchanging bosses outline Indian plans on Cameron trade relations trip
Aviva wants to boost its stake in its Indian joint venture to 49 percent as soon as regulations allow, according to a report on Reuters.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
Yachts & pleasurecraft - fraud: Making waves
The recession saw fraud in the yacht market rocket after an unprecedented boom-bust in prices. Nick Smith examines the current situation.
BIS countdown - Sean McGovern interview: Getting to grips with government
Lloyd's general counsel Sean McGovern talks to Jonathan Swift about the incoming Solvency II directive and his role building relationships with the new government.
Moat vows to return aggregator to profit after £1 buy
Fairpoint Group chief executive Chris Moat has vowed to return Money Extra to profit by the end of the year, after acquiring the troubled aggregator for just £1.
NIG looks to exit personal lines after sale ruled out
Royal Bank of Scotland Insurance has unveiled a plan to close its loss-making NIG personal lines business after ruling out a trade sale as "unviable" in the current market.