Insurer
PE firm outlines Esure MBO involvement
Electra Partners has issued a statement regarding its £30m investment in Peter Wood’s buyout of Esure from Lloyds Banking Group.
Allianz steps up consumer intelligence
Allianz has selected Callcredit Marketing Solutions as its data supplier, to support its long-term pricing and marketing strategy following a tender.
Lloyds sells Esure stake to founder Peter Wood for £185m
Lloyds Banking Group has sold its 70% stake in esure, the online insurer, to a management buyout vehicle to be called Esure Group Holdings, led by Esure chairman Peter Wood, for a cash consideration slightly in excess of book value in the Lloyds Banking…
Select & Protect extends Tenet deal
Select & Protect has broadened its relationship with the Tenet Group by partnering with Tenet Supports Services and Premier Partnership to offer members its full range of general insurance products.
Seel named pet committee chairman
David Seel, managing director of Capita Insurance's pet insurance arm Thornside has been appointed chairman of the Association of British Insurers’ Pet Insurance Committee.
Ace adds to property division
Ace European Group has appointed Marsh Risk Consulting senior consultant Irmran Malhi as account engineer for its property business.
GMAC confirms motor insurer Provident is up for sale
Staff at the Halifax-based insurer were briefed on the sale on 4 February by senior management.
Catlin boasts of record profit
The Lloyd's insurer saw a 12% increase in gross premiums written to US$3.7bn on constant currency basis; and an 8% increase on a reported basis (2008: US$3.4bn) and recorded a 89% combined ratio (2008: 95%).
Beazley sets up M&A team
Lloyd's insurer appoints John McNally to head a new team in London focusing on insuring the contingent risks that can otherwise impede merger and acquisition transactions.
Allstate in earnings turnaround
Allstate said that fourth quarter and yearly net income jumped.
Everest Re shrugs off 2008 with strong 2009
Everest Re shrugged off a horrible 2008 to rebound strongly in 2009.
Partner Re's net income rises to $1.5bn
PartnerRe reported net income was $1.5bn, or $23.51 per share, up from $46.6m, or $0.22 per share in 2008.
Transatlantic Re's earnings climb
Transatlantic Re becaome the latest US insurer to report improved earnings.
Penny black's insurance week
And so another member of the dwindling ranks of the NIG class of 2006 management team bails out, leaving only one Peter Johnson working within the Royal Bank of Scotland's insurance division. Penny wonders what will be awaiting him when, indeed if, he…
Mergers & Acquisitions- Insurers: Coming back up
After a downturn in 2009, insurer merger and acquisition activity looks set to make a resurgence in the coming year. Amy Ellis reports.
Public Sector - Reserving: Emerging into the sun?
After the harsh winter, John O'Neill takes a look at the challenges facing local authorities in terms of reserving for future events. Is the outlook still bleak or is the sun on the horizon?
Public Sector - Road Maintenance: The big freeze
With much criticism being levelled at local authorities for their handling of the recent heavy snowfall, Caroline Elson details the defence against winter maintenance claims.
Public Sector - Road Maintenance: Smoothing things over
With a pothole being repaired every 33 seconds in England and Wales, Edward Murray reports on the issue of public liability claims concerning this road hazard.
Takaful - UK viability: Taking up Takaful
Shariah-compliant Takaful insurance has had a rocky start in the UK. Daniel Dunkley reports on the problems it has encountered and where its strengths may lie.
In Series: Solvency 2 - Capital ideas
Alex Arterton explains how the prospect of more demanding capital requirements is already shaping insurer strategies.
In Series: Solvency 2 - A year of achievement
With implementation deadlines for Solvency II fast approaching, Sam Barrett looks at how these are driving market developments and insurer action.
News analysis: Financial Services Bill - Nuts and bolts
The Financial Services Bill is going through the legilslative process. Daniel Preddy and Martin Langley explain why more debate is needed about some of the proposals.
Interview: Amanda Blanc - Top of the class
Training can be a major incentive for keeping hold of employees. Mairi MacDonald meets Amanda Blanc, deputy chief executive of Towergate Partnership, who outlines her views on professional training and the benefits of achieving chartered status.