Sir Roger De Haan, the former owner of Saga, is set to invest up to £100m in the business as it seeks to raise £150m through a share placement.
The three groups eyeing up a takeover of the AA have been given an extra 28 days to make an offer for the business with the deadline moved back from today.
Capsicum Re is to rebrand as Gallagher Re from 1 October in order to align the business with Gallagher’s retail and insurance broking operations.
Pat Regan, QBE group CEO, will leave the business following an investigation into “workplace communications.”
Gallagher has appointed Michelle Bree, currently chief operating officer at Pen Underwriting, as chief operating officer for its UK retail division, with effect from 1 October.
Aon and Willis Towers Watson shareholders have voted in favour of the risk giants' merger.
MS Amlin Underwriting has named a single chief underwriting officer, with its co-CUOs for specialty insurance to leave the business at the end of September.
Brokers have voiced their support for the British Insurance Brokers’ Association but urged the trade body to continue to cover all the issues as the association made five staff redundant.
Insurer Ecclesiastical made a loss before tax of £59.7m for the first half of 2020 as the Covid-19 impact bit.
The Competition and Markets Authority has opened an inquiry into Bupa Insurance’s proposed merger with CS Healthcare, a Friendly Society with approximately 18,500 members originally set up in 1929 to provide health insurance cover for members of the UK…
Former Ageas UK CEO François-Xavier Boisseau has been appointed as ERS chair following Amanda Blanc’s surprise Aviva CEO appointment.
Exclusive: The Chartered Insurance Institute is mulling an exit from its Lombard Street office.
Direct Line has been ordered to pay £36,998 to a former employee who claimed they were unfairly dismissed, Post has learned.
Sabre senior independent director Andy Pomfret will take over from the insurer’s chairman Patrick Snowball at the beginning of September.
Ardonagh has bought managing general agent Thames Underwriting for an undisclosed sum adding £20m in gross written premium to the business.
Watchstone, formerly Quindell, has filed a £63m damages claims against PWC, alleging the firm breached contract and opened an “unauthorised and illicit” channel of communication with a corporate finance adviser to Slater & Gordon in relation to the 2015…
Ageas UK has reported a post-tax profit of £22.8m for the first half of 2020 reversing a loss of £2.7m in the first quarter.
Aviva is targeting this autumn for the next stage of its move onto aggregators after a trial with Confused, Colm Holmes, Aviva CEO of general insurance, told Post.
The rumours and water cooler conversations began in July 2019 as soon as it was confirmed market stalwart Amanda Blanc had left Zurich after only nine months.
It is abundantly clear that “meaningful change” is needed to unlock Aviva’s potential, according to CEO Amanda Blanc.
RSA has announced a voluntary redundancy programme as part of a process designed to reduce its headcount by the equivalent of 300 full time roles.
The takeover offer from Finnish insurer Sampo and South African financial services firm Rand Merchant Investment holdings is a ‘real vote of confidence’ for UK Insurance, Hastings chief financial officer John Worth told Post as Hastings released its…
Markerstudy's purchase of Co-op’s underwriting business could lead to up to 300 redundancies, with the group telling Post it has committed to keeping 700 staff and is actively engaging with Unite the union.
Finnish insurer Sampo and South African financial services firm Rand Merchant Investment Holdings have agreed a £1.66bn takeover with the directors of Hastings.