Insurer
Endurance slams 'entrenched' Aspen board after 'poison pill' rights plan
Endurance’s chief financial officer Michael McGuire has accused Aspen’s management of being “entrenched” and “not aligned with shareholder interests” after the firm continued to ward off its attempted takeover.
R&Q: active syndicate will hinder 2014 results
Randall and Quilter chief executive Ken Randall has told Post he does not expect to see the firm’s active syndicate boosting figures until 2015.
Liberty Specialty appoints Beechey in Asia financial risk role
Liberty Specialty Markets, in conjunction with Liberty International Underwriters Asia-Pacific, has appointed Andrew Beechey as head of global financial risks, Asia-Pacific.
R&Q pre-tax profits down 17% after ‘weak’ active syndicate results
Randall and Quilter has seen its pre-tax profits slide by almost a fifth, falling from £11.6m to £9.6m after the firm recorded weaker than expected results from active syndicate participations.
Esure & Endsleigh slammed on small print
Two Esure brands and Zurich-owned Endsleigh have been condemned by a consumer campaign group for “incomprehensible” terms and conditions in car insurance policies.
2013 motor results 'best since 2006'
Motor insurance results for last year represent the sector’s best underwriting performance since 2006 according to a study by EY.
Zurich wants Shanghai branch and China acquisitions
Zurich is seeking a Shanghai branch and merger and acquisition opportunities in China.
Markel's Tidey moves from Stockholm to Singapore
Specialty insurer Markel has appointed Luke Tidey as an assistant marine underwriter in its Singapore office.
Equity emerges from rebrand as ERS
Equity Insurance Group has rebranded as ERS - the latest move in the continuing overhaul of the business since its acquisition by Aquiline last year.
Your say: Insurance Fraud Register in the slow lane
I feel compelled to respond to Post’s recent article concerning the Insurance Fraud Register in the 10 April edition.
Video: Encouraging telematics take-up in the broker market
Whilst the issue of telematics is written large in the business plans of many insurers, the same cannot be said for brokers.
UK General sells compliance outfit UKGI to Thistle Initiatives
UK General has reached an agreement to sell its compliance consultancy business UK General Insurance to financial services firm Thistle Initiatives.
CMC launches global insurance consultancy
CMC Insurance, a global consultancy aiming to rival the big four in the insurance and reinsurance space, has been launched by the team behind banking consultancy CMC Europe.
Europe: International Product Recall
Food contamination issues can be extremely serious - and even if it happens in a country many thousands of miles away, news travels fast, which could mean bigger insurance implications for the companies involved.
Co-op insurance profits up ten-fold despite 'disastrous' year
The Co-operative has seen insurance profits leap upwards in 2013, with the mutual attributing the boosted results to improved claims experience and strong performance of its home portfolio.
Ferma prepares to launch benchmarking survey
The Federation of European Risk Management Associations will launch its benchmarking survey on Tuesday 22 April in the UK and 19 other European countries.
Arista hires Fletcher for Midlands role
Arista Insurance has appointed Mick Fletcher as senior development underwriter focusing on the East Midlands area.
RSA to dispose of Polish and Baltic operations
RSA is selling its businesses in the Baltics and Poland for £300m – a move which will add around £200m to the insurer’s net assets.
Ferry sinks off South Korea leaving 280 missing
Nine people have been confirmed dead and at least 280 remain missing after a ferry carrying 459 people capsized and sank off the coast of South Korea on Wednesday morning.
Collinson launches insurance and assistance brands
Collinson Group is targeting revenue “close to £350m” over the next 12 months following a restructure that has seen it launch two distinct entities for insurance and assistance.
Gallagher's Ross eyes 'Ronaldo-type business' signings in personal lines
Arthur J Gallagher’s appointment of Adrian Brown signals a temporary transition from a commercial lines focus to an “adrenaline surge” into the firm’s personal lines offering, according to Gallagher International chief executive David Ross.
Axa overhauls PL intermediary for development underwriter model
Axa is to embark on a radical restructure of its personal lines intermediary division, providing brokers with more access to underwriters in their own offices.
Axa's Karen Hogg resigns three months into strategic partnerships role
Axa’s director of strategic partnerships Karen Hogg has resigned just three months after stepping into the role.
PL market 'underserved' by commercial-focused brokers says Brown
The personal lines market remains poorly served by commercial-based brokers according to newly appointed Gallagher executive chairman of underwriting and distribution Adrian Brown.