Insurer
Market Moves - 31 July 2014
All the latest job moves in the insurance market
Catlin provides capacity for Rural's revamped farm cover
Agricultural specialist Rural Insurance has re-designed its farm combined product in collaboration with new capacity provider Catlin Insurance Company.
Deloitte appoints agents for Gherkin sale
Deloitte has picked a pair of estate agents to oversee the sale of 30 St Mary Axe, better known as The Gherkin, after the building fell into receivership in April this year.
JLT posts 15% increase in revenues in H1
Jardine Lloyd Thompson posted a 15% increase in total revenue to £559.6m for the first six months of 2014, despite a challenging rating environment in insurance and reinsurance and adverse foreign exchange movement.
Shares slump at QBE after profit warning
Australian giant QBE has announced its first half results are likely to miss profit expectations by almost A$200m ($188m).
Former RSA director joins Ryan Direct Group board
Former RSA group executive director Paul Donaldson is to join Ryan Direct Group as a non-executive director from September.
Results season round-up: six monthly interims for 2015
Insurers and brokers report their six monthly interim results for 2015.
Masojada hails underlying currencies growth but remains cautious on full year
Hiscox chief executive Bronek Masojada has hailed premium growth in underlying currencies during the first half of 2014 despite the firm posting reduced gross written premiums for the first six months.
Moody's warns of negative credit impact from Flood Re funding proposals
Moody's has deemed the £100m cap on government contributions to Flood Re credit negative for UK property and casualty insurers.
Dutch insurers facing 20% bonus cap
The Dutch government is weighing measures on remuneration that could force insurers to limit bonuses to 20% of fixed salary for all employees.
58% of British drivers unsure of EEC coverage
Almost two-thirds of British drivers don’t know if they are covered to drive in the European Economic Community, or believe that they are not covered according to a survey by Be Wiser.
Zenith launches ‘world first’ motor sharing product
Zenith Insurance has teamed with Easy Car Club to launch what it claims is a world first cover for car and van owners looking to participate in the vehicle sharing schemes.
Markerstudy completes £20m Supercover buy
Markerstudy has confirmed an agreement to acquire gadget insurance broker and claims administrator Supercover in a deal worth £20m.
Mixed results for LV as GWP drops
LV has reported £720m general insurance gross written premiums for the six months ended 30 June 2014; a drop from £748m for the same period last year.
Hiscox posts drop in pre-tax profit for H1
Hiscox posted a reduction in gross written premium to £978.9m for the first six months, down from £1.02bn in the first half of 2013.
Aspen shareholders reject Endurance proposals
Endurance’s attempted takeover of Aspen has stalled after the overwhelming majority of Aspen shareholders participating in a consent solicitation rejected the firm’s proposals.
Unipart Automotive axes 68% of staff as it enters administration
One of the UK’s largest independent suppliers of car parts, workshop consumables has entered administration making 1244 staff redundant.
Axa fraud boss Gaywood heads for the exit
Axa head of counter fraud for direct and partnerships Steve Gaywood is to depart the business, Post has learned.
LV investigation leads to jail sentence for fraudster
A Wolverhampton-based fraudster has been sentenced to 12 months in prison after attempting to claim compensation for a crash-for-cash car accident.
Independent midwives agree commercial PI solution
Independent midwives have agreed a commercial professional indemnity insurance arrangement allowing them to continue practising under new EU legislation.
Wreckage of crashed Air Algerie flight found
The wreckage of a crashed Air Algerie flight from Burkina Faso to Algiers was found over Mali yesterday.
AIA beats profit forecast
Hong Kong-based life and health insurer AIA's profits fell 20% in the first half of 2014 which was better than analysts' expectations of 28%.
Ana Cap completes Brightside acquisition
European private equity firm Ana Cap Financial Partners has completed its acquisition of broker Brightside Group.
Video: Ashwin Mistry, president of the Chartered Insurance Institute
Just hours after being officially named as president of the Chartered Insurance Institute at yesterday’s annual general meeting, Ashwin Mistry caught up with Post news editor Callum Brodie to outline his ‘one voice’ mission statement for his 12 months in…