Insurer
Aspen merges UK property and liability teams
Global insurer Aspen will merge its UK property and liability underwriting teams from 1 January 2014.
Travelers joins IUA
Travelers Insurance Company has become the latest firm to join the International Underwriting Association.
Liberty Mutual appoints Leeds branch manager
Liberty Mutual Insurance, the commercial lines division of Liberty Specialty Markets, has appointed John Meehan as branch manager of its Leeds office from 31 December.
Investors urge RSA 'to solicit takeover bids'
Beleaguered insurer RSA has been ordered to put itself up for sale by several major investors, The Sunday Times has reported.
Brightside slashes 2013 forecast by 20%
Brightside Group has reduced its 2013 earnings estimate by approximately 20% after further capacity restrictions in the fourth quarter of 2013 adversely affected the broker’s online business.
IAG buys Wesfarmers' underwriting arms
Insurance Australia Group has bought conglomerate Wesfarmers' underwriting operations for A$1.85bn (£1bn) subject to regulatory approval.
Sompo Japan in talks to buy Canopius
Japanese general insurer Sompo Japan is in advanced talks to buy Lloyd's insurance group Canopius for around £600m ($970m).
Ageas joins the IFB
Ageas Retail business has become the latest firm to sign up to the Insurance Fraud Bureau.
Ecclesiastical exits non-charity care market
Ecclesiastical has confirmed it has withdrawn from the non-charity care home sector in a move which is expected to have implications for the sector.
RSA will pay Lee £824k through 2014
Former RSA chief executive Simon Lee will be paid £824 000 in monthly installments over the course of 2014 as part of the terms of his resignation.
Lee speculation took its toll on staff, claims RSA UK boss Brown
RSA UK and Western Europe chief executive Adrian Brown has maintained that although speculation on the future of Simon Lee hit staff at the insurer, service levels remained unaffected.
New laws have done little to curb whiplash culture, LV says
More than half of Britons have been contacted by a claims company and encouraged to make a compensation claim for injuries in the six months since the implementation of litigation reforms in April, research from LV has found.
Axa, Allianz and Zurich among 'corporate predators' circling RSA, claims analyst
Axa, Allianz and Zurich have been touted as likely bidders for RSA after the firm’s share price plummeted following news of chief executive Simon Lee’s “inevitable” resignation.
Post expands coverage to include international insurance news
Post is delighted to confirm Insurance Insight is now part of postonline.co.uk giving our subscribers a truly global insurance view on the industry.
FCA fines Porta Verde £25 000 for insurance mis-selling
The Financial Conduct Authority has fined Porta Verde Financial Services £25 000 after two of its appointed representatives mis-sold insurance, often to elderly and vulnerable customers.
Blog: Ex-RSA CEO Simon Lee, the David Moyes of insurance
It is fitting that in the week where David Moyes credentials as Manchester United manager are being sorely questioned following a run of home league defeats, Simon Lee has resigned as group chief executive of RSA.
AGCS unveils country manager for Austria
Allianz Global Corporate & Specialty has appointed Ole Ohlmeyer as the new country manager for Austria.
RSA bids forecast as shares plummet 20%
RSA will face acquisition bids if its share price falls too far according to Shore Capital analyst Eamonn Flanagan.
RSA chairman Scicluna to serve as interim CEO following Lee resignation
RSA chief executive Simon Lee has resigned as the insurer revealed it will pump £135m into its troubled Irish division.
Cooper Gay Swett & Crawford names North American subsidiary president
Phil Baker is to take the helm of Cooper Gay Sweet & Crawford’s North American subsidiary Creechurch International Underwriters in the new year.
Profit growth not BGL's main aim in 2013 as CEO eyes five-year plan
BGL chief executive Matthew Donaldson has defended his firm’s static profit growth in 2013 by claiming that the launch of a five year growth initiative had meant that building on last year’s profit margin was never expected.
BGL profits remain flat despite attracting two million more customers
The BGL Group has recorded pre-tax profits of £88m for the second consecutive year, despite increasing customer numbers by two million to 6.6 million during the same period.
Three insurance industry reps nominated to PRA panel
Three insurance industry members have been have been nominated to the Prudential Regulation Authority’s practitioner panel established to represent the interests of the financial services industry.
Ace appoints Ian McFadyean to regional manager role
Ace Group has appointed Ian McFadyean as business development manager for the south west and Wales.