Insurer
Insurers concerned over double regulatory burden
The lack of detail concerning the regulation of the Lloyd's market could mean insurers there have more influence than others over the eventual shape of their replacement regime for the Financial Services Authority.
Ageas agreement
Ageas has reached an agreement with BNP Paribas Assurance on the sale of its pension and life activities in Turkey.
MD role for Mycock
Autoglass has appointed Matthew Mycock as its new managing director.
Evans linked with Axa UK
The former chief executive of Axa Life Paul Evans has been linked with the same role at Axa UK, replacing current incumbent Nicolas Moreau, who took over from Dennis Holt in June 2006.
NIG looks to exit personal lines after sale ruled out
Royal Bank of Scotland Insurance has unveiled a plan to close its loss-making NIG personal lines business after ruling out a trade sale as "unviable" in the current market.
Aviva: millions saved by 'ghost broker' clampdown
A clampdown on the fraudulent activities of so-called 'ghost brokers' has saved Aviva "several million pounds" in dubious motor claims, Post can reveal this week.
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…
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.
Aegon downgraded by Fitch
Ratings agency Fitch has downgraded Aegon’s long term issuer default rating from A+ to A.
Aegon downgraded by Fitch
Ratings agency Fitch has downgraded Aegon’s long term issuer default rating from A+ to A.
NIG set to exit personal lines
Royal Bank of Scotland insurer NIG has outlined plans to close its personal lines division and focus solely on commercial business.
Arch sees income rise $85m
Arch has recorded net income of $237m, or $4.45 per share for the second quarter of this year, compared to $152.1m, or $2.43 per share for the same period last year.
Lloyds pulls credit linked PPI products
Lloyds Banking Group has announced it has ceased selling credit linked payment protection insurance (PPI), effective from 23 July.
Ecclesiastical unveils new CEO
Specialist insurer Ecclesiastical has appointed Andrew Moon as the new chief executive officer for its Australian business, Ansvar Insurance. The move comes after former CEO John Peberdy announced his retirement from the business after 37 years, earlier…
Open GI and MCE in 5 year deal
Motorcycle broker MCE has signed a major deal with Open GI, in a move that will cover its entire IT infrastructure for its call centre and trading website.
CEO Utley out at IAG UK
Insurance Australia Group has announced today that Ian Foy, currently CEO of IAG’s New Zealand business, will return to the United Kingdom to become CEO of IAG’s UK business, succeeding Neil Utley.
Allianz backs “positive” Jackson Review consultation
Insurer Allianz has backed the government’s consultation on implementing sections of Lord Justice Jackson’s Review of Civil Litigation Costs.
Insurers are rightly concerned about new regulatory framework
This is according to Paul Edmondson of law firm CMS Cameron McKenna, speaking about the Treasury Consultation Paper on the new financial regulatory framework announced today.
New financial regulation "will benefit all"
The Association of British Insurers' director of financial regulation and taxation, Peter Vipond, has spoken out in response to today’s Treasury consultation.
Amlin appoints former Aon director to broker role
Amlin has appointed Patrick McMillen as business development and broker relationship manager.
Master of the Rolls welcomes Jackson review plans
Master of the Rolls Lord Neuberger has backed the government’s decision to launch a consultation aimed at implementing the recommendations of Lord Justice Jackson’s Review of Civil Litigation Costs.
Autoglass names new MD
Autoglass has appointed Matthew Mycock as its new managing director.
Government outlines Jackson Review implementation plans
The government is set to launch a consultation on implementing the recommendations laid out in Lord Justice Jackson’s Review of Civil Litigation Costs.
Autoglass names new MD
Autoglass has appointed Matthew Mycock as its new managing director.