Insurer
Powerplace hit by Reed departure
Towergate-owned trading platform Powerplace has confirmed the departure of chief executive Matthew Reed.
Novae finalises run-off closures
In an announcement to the London Stock Exchange, Novae has confirmed it has closed two of its run-off syndicates, while predicting its pre-tax profit for 2010 will reach at least £34m.
Councils claim Supreme Court victory
The Supreme Court has found unanimously in favour of Harrow in the RMP v Brent/Harrow case.
XL GWP flat as underwriting income falls
Property and Casualty insurer XL has recorded a combined operating ratio of 94.8% for 2010 (2009: 93.6%), while announcing it has received approval to offer insurance in China.
Jubilee enters terrorism market
Jubilee Managing Agency has entered the terrorism market after employing Marcus Ripley, a former Hardy underwriter.
Recession causes decrease in car sales in European countries
New research from Finaccord, a market research consultancy specialising in financial services, casts light on dynamics in the market for automotive finance and leasing for consumers in Europe.
Recession causes decrease in car sales in European countries
New research from Finaccord, a market research consultancy specialising in financial services, casts light on dynamics in the market for automotive finance and leasing for consumers in Europe.
Whittington makes personnel change in Singapore
Whittington Group has promoted Ross Bundey, group general counsel, to the position of director of the Group’s holding company, Whittington Group Pte Ltd.
ABI: winter freeze cost insurers £1.4bn
The ABI has stated that total costs for motor and home claims reached £1.4bn during 24 November to 31 December 2010, as the “big freeze” swept across the UK.
Terra Firma confirms Chaucer interest
Private Equity giant Terra Firma has confirmed a potential bid for Lloyd’s of London insurer Chaucer’s entire issued share capital.
Electrical Contractors’ Insurance creates new affinity division
Following the acquisition of Brand Risks Group in September 2008, Electrical Contractors’ Insurance Services has announced that the Brand Risks businesses are now being integrated into ECIS and will become the basis for the formation of a new affinity…
Tawa targets US growth
Risk capital and insurance services provider Tawa has outlined plans to increase its investment in the US marketplace.
Brightside swoops for Quote Exchange
Brightside Group has agreed to purchase the entire issued share capital of Quote Exchange Limited for a maximum consideration of £3.7m in cash and the issue of 1,394,700 ordinary shares in Brightside
Risk management salaries up says Mercer
Salaries for risk management roles in financial services organisations are increasing as the sector responds to regulatory guidance, according to data issued by Mercer.
Risk management salaries up says Mercer
Salaries for risk management roles in financial services organisations are increasing as the sector responds to regulatory guidance, according to data issued by Mercer.
Aspen insurance division makes $23.6m underwriting loss in 2010
Aspen's insurance segment has made an underwriting loss of $23.6m in 2010, compared with an underwriting profit of $13.9m in 2009.
ELTO attracts 90% of insurer market
More than 90% of employers’ liability insurers have voluntarily signed up to the Employers’ Liability Tracing Office service.
Chaucer confirms potential offers
Chaucer has confirmed that it has received a "number of approaches" recentlly, regarding a possible offer.
Ally insists it still plans to sell "discontinued op" Provident Insurance
Provident Insurance’s US owner Ally Financial has told Post it still plans to sell the business despite revealing in its 2010 accounts last week that the business was now classed as a “discontinued operation as of 12/31/2010”.
Amendments to Solvency II to "finesse" transition
Proposed amendments to the Solvency II Directive from Omnibus II include transitional measures “seem far more wide-ranging than had previously been alluded to in QIS5 and other discussions”, according to Towers Watson.
Amendments to Solvency II to "finesse" transition
Proposed amendments to the Solvency II Directive from Omnibus II include transitional measures “seem far more wide-ranging than had previously been alluded to in QIS5 and other discussions”, according to Towers Watson.
AVCIS reaches £4m recovery milestone with South African haul
Following the recovery of 18 high-value stolen vehicles from South Africa, the UK’s vehicle crime unit has announced that it has recovered vehicles valued in excess of £4 million during the past four months.
New partners join DWF’s insurance team
DWF has appointed two new partners, Ashley Mahon and Joseph Arazi, to its insurance team.
Triumph stays with Equity Direct
Following a tender process Equity Direct Broking Limited said it has retained its affinity partnership with Triumph Motorcycles.