Insurer
Elite opens offices in France and Italy
Specialist legal and after-the-event insurer Elite is expanding its footprint in Europe by opening two new offices.
Canopius boss and underwriting team to quit
Canopius UK household underwriting head Chris McGinn and a “certain members” of his team are to quit the firm.
Chinese insurance sector faces "deeply-rooted problems" according to chief regulator
The head of China's Insurance Regulatory Commission has issued a stark warning to the country's insurance sector, despite robust premium growth in 2011.
Hyperion confirms Windsor takeover talks
Hyperion has confirmed that it is in discussions with Lloyd’s broker Windsor over a potential takeover deal.
Hyperion in takeover talks with Windsor
Hyperion Group is currently in discussions with Windsor Limited regarding a potential offer for the company.
Giles outlines new role for Hessett following Chambers exit
Bosses at Giles have defined the role of newly appointed deputy finance director Alastair Hessett, who has been promoted internally following the exit of former director Mark Chambers.
Rising medical costs behind potential 10% growth in Lebanese medical premiums
Medical insurance premiums in Lebanon will rise by 10% in 2012, according to projections by Lebanese insurance association, the ACAL.
Saudi insurers remain profitable despite low interest rates
Domestic insurers in the Kingdom of Saudi Arabia remain profitable despite increasing competition and the current low interest rate environment, according to a report by Standard and Poor’s.
Russian plant firms face ten-fold premium rises after new law
Stringent new legislation relating to the management and insurance of plants dealing in hazardous materials in Russia is set to have far-reaching implications for companies operating in the country.
Zurich's 'A+' IFS rating affirmed
Zurich Insurance Company's has had its ‘A+’ insurer financial strength rating and 'A' issuer default rating affirmed by Fitch.
Kane restructures as HSBC deal completes
Captive insurance manager Kane has completed a management restructure coinciding with the completion of the first phase of its integration of HSBC Insurance Management.
Markel takes on two in MGA division
Markel International has strengthened its MGA division with the appointments of Sarah Brien as senior underwriter and Alex Hardy as underwriter.
Markel International expands MGA division
Markel International has strengthened its MGA division with the appointment of Sarah Brien as senior underwriter and Alex Hardy as underwriter.
Kane reshuffles after HSBC buy
Independent captive insurer manager Kane has taken more cash from its private equity backer to open new offices and has promoted former Aon Global Insurance Management head Clive James to chief operating officer.
Abbey promises profits despite tough economy
Abbey Protection is expecting to announce results in line with expectations despite the continuing tough economic background and low interest rates.
AM Best: Reinsurance market "stable"
The reinsurance market remains stable despite “numerous challenges”, according to A.M. Best.
Towergate confirms double departure
Towergate has confirmed the resignations of senior management duo Andy Smallwood and Sally Swann, less than four months after Mark Hodges took over the reins at the broker.
KPMG get 97p in the £1 from Sovereign
Creditors of the Sovereign Marine & General Insurance Company scheme of arrangement will shortly receive a final distribution, bringing the total payout to 97% in what is seen as a success for administrators KPMG.
XL names former Marsh exec country manager for Germany
XL Group has appointed Michael Harth as country manager for Germany, with effect from the 16 April 2012.
MMA to rebrand as Covéa as part of UK merger with Provident
Covéa has announced that Provident Insurance and MMA Insurance will merge into a single company, in a move which has been touted as a “platform for growth” within the UK market.
Reader to unite MMA and Provident
Covéa has appointed Provident’s managing director James Reader to the role of chief executive at the newly merged businesses of Provident and MMA.
Travellers urged to consider ash cover after Etna eruption
Fears of a repeat of 2010’s travel chaos have surfaced after Europe’s highest volcano Mount Etna, began erupting over the weekend, ejecting lava and ash into the air.
Giles finance director to rejoin bookmakers
Outgoing Giles finance director Mark Chambers is to rejoin bookmakers Coral – the company he left in 2008 - after resigning from the broker on New Year’s Day.