Insurer
RSA acquires 123 Money
RSA has completed the purchase of Irish personal lines broker 123 Money for a sum in excess of £54m.
Anglo Irish to submit Quinn takeover plan by mid-August
Anglo Irish Bank is "within weeks" of presenting the Financial Regulator with a firm plan for its takeover of Quinn Insurance, the Irish Independent reports today.
Markel swoops for French broker
Markel International has agreed to acquire Le Centaure, a French equine insurance broker and cover holder based near Deauville, Normandy.
Aviva and Xchanging bosses outline Indian plans on Cameron trade relations trip
Aviva wants to boost its stake in its Indian joint venture to 49 percent as soon as regulations allow, according to a report on Reuters.
Ace CEO sees opportunities despite slow economic recovery
Ace today reported net income for the first six months of 2010 was $1.432bn (2009: $ 1.102bn) and increase of 30%.
Anglo Irish to submit Quinn takeover plan by mid-August
Anglo Irish Bank is "within weeks" of presenting the Financial Regulator with a firm plan for its takeover of Quinn Insurance, the Irish Independent reports today.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
Markel swoops for French broker
Markel International has agreed to acquire Le Centaure, a French equine insurance broker and cover holder based near Deauville, Normandy.
Brit opens books to PE house as Apollo ups bid to £10.75 a share
Brit Insurance today confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
Ace CEO sees opportunities despite slow economic recovery
Ace today reported net income for the first six months of 2010 was $1.432bn (2009: $ 1.102bn) and increase of 30%.
Penny Black's insurance week
A cautionary tale reaches Penny about the dangers of playing with hot candle wax, or rather the embarrassment that can be caused by being covered in this quick-drying viscous liquid when dining with colleagues. For that is the sticky situation that…
Postscript - five years ago: Authorities look into own captives
Looking through Post's back catalogue paints a unique picture of mroe than 150 years of insurance news, as this article from five years ago reveals.
Postscript - 10 years ago: 800 law firms could close over SI
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Talent - recruitment: Recruiting generation Y
As the markets slowly emerge from the darkness of recession, the employee talent pool is shrinking. Tom Rivers examines the particular challenges facing the insurance industry and how it can attract the best young talent to reinvigorate an ageing…
Yachts & pleasurecraft - fraud: Making waves
The recession saw fraud in the yacht market rocket after an unprecedented boom-bust in prices. Nick Smith examines the current situation.
EL & PL: Building the wall
As fraudsters seek new areas to commit insurance fraud, Andrew Gillett reports on how the liability market is tackling this growing problem.
Lloyd's & London market: Bargain hunt
It looks like investors searching for a piece of the action in Lloyd's can pick up a bargain right now, as depressed share prices shine a light on profitable businesses trading at a discount to their net asset value. Ralph Savage investigates whether a…
Postbox: Is CII right to lead professionalism drive?
My colleagues and I have been discussing the Aldermanbury Declaration and the current media coverage that Post has been part of.
Postbox: Link web to high street now
The web is the only sales channel to have grown during the recession, while high street business has contracted significantly. Yet, while internet businesses have come a long way, they have failed to join up their CRM activities, which limits their…
View from the top: Time to fight our corner
In my last View from the Top, I wrote about preparing for a new government and how it would be important for the industry to have an open and effective relationship with it regardless of the result of the general election.
News comment - Law Commissions: Raising the stake
Richard Evans examines the Law Commissions' latest proposals for reform of insurance contract law with regards to the issue of fraud.
The claimant's view: a sledgehammer to crack a tabloid nut
On 15 July, David Frost, director general of the British Chambers of Commerce, told a joint meeting with the Trades Union Congress — entitled 'Is Deregulation Dead?' — that his members are generally happy with and understand health and safety regulations…
Insurance Fraud Awards
The shortlist for the 2010 Insurance Fraud Awards has been announced.
Moon appointed CEO
Ecclesiastical has appointed Andrew Moon as the new chief executive officer of its Australian business, Ansvar Insurance.