Insurer
Omega shareholders approve £164m acquisition by Canopius
Omega shareholders have backed Canopius' bid to buy the business meaning the acqusition could go through in July.
"Strong likelihood" of redundancies as Covea scraps aggregator plans
MMA Holdings has confirmed that it will not be launching an aggregator platform as it "does not fit" with its core UK business and plans for future growth.
Norton Rose bolsters French practice with new appointments
Global law firm Norton Rose has recruited Hogan Lovell's Bénédicte Denis as a corporate partner in its Paris office.
Editor's comment: The best of British
The timing could hardly have been more apposite. As the Queen sat selecting outfits to commence four days of Jubilee celebrations, Hyperion was preparing to toast its very own regal rejoice: six months after news first leaked of its takeover talks with…
Telematics: Ready for the mainstream?
Telematics remains in its infancy, but many in the industry have high hopes for its growth. But is the technology ready to make the leap into the mainstream?
Interview: Airmic's Nicholas Bailey - Ready for the handover
After 15 years with Airmic, Nicholas Bailey is poised to become the new chairman, but how will he tackle buyers' concerns during his time in the hot seat?
CILA could play regulatory role if Insurance Mediation Directive is passed
The Chartered Institute of Loss Adjusters could change its remit to become a regulator if leaked European regulation to oversee the industry is introduced, according to its president Simon Burley.
Hyperion sets sights on US consolidators after £95m buy
Hyperion chief executive David Howden has vowed to make a swift return to the acquisition trail following its £95m takeover of Lloyd's broker Windsor last Friday - the group's largest deal to date - thus creating a "credible alternative" to the new wave…
LIC investigated over Rs10m death benefit scam
The Life Insurance Corporation of India is being investigated for alleged "serious financial irregularities" in a scheme designed to provide insurance for the country's rural poor.
Willis Re appoints Angelini-Hurll to newly created role
Willis Re has appointed Kieran Angelini-Hurll as regional director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations.
Post magazine - 7 June 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
FSA authorisation time for new firms still on the up
The amount of time the Financial Services Authority takes to approve new firms has risen for a third consecutive quarter, according to data seen by City law firm Reynolds Porter Chamberlain.
Posner would consider another role
Following his decision to step down from his board position at QBE, Howard Posner has told Post that "winding down" was always his long-term plan.
Hardy leaves CEO role at Axa
Steve Hardy has stepped down as chief executive of Axa Personal Lines.
Executive chairman retires from Cooper Gay energy division
Tony Pickering is retiring as executive chairman of the energy division at insurance intermediary Cooper Gay & Co.
Zurich appoints Butt as head of sales
Zurich has appointed Valerie Butt as head of sales, distribution and marketing for global corporate, effective 1 July.
Posner steps down from QBE board
Former Halifax Bank of Scotland general insurance boss Howard Posner has retired as a non-executive director of QBE European Operations after six years.
QBE appoints new non-executive director
Business specialist QBE has appointed Wai Au as non-executive director of its Lloyd's operation QBE Underwriting and its UK company market and European branch operations, QBE Insurance.
Legrand joins MDS as chief operating officer
MDS Holdings, the European and Latin American insurance broking group, is setting its sights on entering new international markets outside its current Portuguese, Angolan and Brazilian territories.
Moss exit and senior management shake-up keep Aviva rating under review
Aviva's financial strength rating of A (excellent) has been reviewed and maintained by AM Best Europe while remaining under review with negative implications.
Direct Line rolls out telematics offering
Following a pilot with sister firm Tracker to test the use of telematics in retail motor insurance, Direct Line is offering a telematics product to customers.
Indian health insurance market predicted to be worth $7.6bn by 2015
One in 10 people in India could end up buying health insurance products against the current 2%, according to a new survey.
Mapfre Re downgraded amid fears over future of Spanish economy
Mapfre Group’s reinsurance arm’s issuer credit rating has been downgraded by AM Best Europe following an assessment of the consolidated group’s financial strength and ongoing risks in the Eurozone.
Sri Lanka general insurance market grew 23.45% in 2011, says regulator
The gross written premium of Sri Lanka's insurance sector rose 18.5% year on year to Rs.66.2bn (£300m) in 2011, with the general and life insurance segments recording substantial growth, according to the Insurance Board of Sri Lanka.