Insurer
Axa extends deal deadline
Axa Asia Pacific Holdings and National Australia Bank have today agreed to extend until 15 July an agreement relating to the conclusion of a proposed transaction between the parties.
Profits dip for Allianz in growth European markets
Allianz in Central and Eastern Europe saw total premiums grow by 8 percent in the first quarter of 2010, reaching Euros 1.1 bn. Operating profit in the first quarter of 2010 amounted to Euros 66m, compared to Euros 78m euros in the same period of 2009.
Axa extends deal deadline
Axa Asia Pacific Holdings and National Australia Bank have today agreed to extend until 15 July an agreement relating to the conclusion of a proposed transaction between the parties.
HDI-Gerling in regional shake-up
HDI-Gerling is to form two new business divisions, major and global risks and UK corporate, together with the creation of a new regional structure.
Disaster recovery firm seeks £7m turnover following Aberdeen move
Scottish disaster recovery firm FFDR has appointed Kenny King to head its Aberdeen operation.
Capita swoops for £60m Premier Medical
The Capita Group has acquired Premier Medical Group for a cash consideration of £60m on a cash-free, debt-free basis.
Aspen recruits ex-AIG manager to head new operattion
Aspen Insurance Holdings has appointed Heinz Eggenberger as general manager of Aspen’s new Switzerland based-general insurance business.
Aspen recruits ex-AIG manager to head new operattion
Aspen Insurance Holdings has appointed Heinz Eggenberger as general manager of Aspen’s new Switzerland based-general insurance business.
Quinn told to enforce 3000% rate hikes to secure UK commercial re-entry
Quinn Insurance may have to increase rates on its UK commercial premiums by 3000% to secure regulatory approval to re-enter the market.
Acquisitive broker makes another four buys
Acquisitive Invicta Insurance Services has added four more buys to its portfolio.
Quinn told to enforce 3000% rate hikes to secure UK commercial re-entry
Quinn Insurance may have to increase rates on its UK commercial premiums by 3000% to secure regulatory approval to re-enter the market.
Congregational appoints new claims head
Congregational & General is to appoint Andrew Morgan as claims manager, working across home and church divisions of the organisation.
Ace strikes global deal
Ace has appointed Cega Group Services to support its corporate travel insurance policyholders with the provision of emergency medical assistance.
Lorega CEO Sims quits over "difference of opinion" about direction
Loss recovery insurance specialist Lorega has announced today that John Sims has resigned with immediate effect.
Aviva launches thermal imaging fire risk scheme
Insurance giant Aviva has launched a new thermal imaging initiative aimed at cutting the risk of machinery fires.
Lib-Con targeted FSA to recruit 460 more staff
The Financial Services Authority has confirmed that its annual funding requirement for 2010/11 is £454.7m following a consultation.
FSA extends PPI complaint time
The Financial Services Authority has introduced a temporary rule to allow payment protection insurance policyholders more time to refer complaints to the Financial Ombudsman Service.
Prudential faces ‘no’ votes over AIA deal
F&C Investments and Cavendish Asset Management, two investors in the insurer Prudential, have both indicated they are to vote ‘no’ on the firm’s proposed acquisition of AIG’s Asian arm, AIA
Confused names first CMO
Aggregator Confused has appointed former Directgov communications director Mike Hoban as its first-ever chief marketing officer.
Prudential confirms talks to renegotiate AIA deal
Prudential said it was trying to negotiate a cut in the $35.5bn it has agreed to pay for AIG's Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.
Asian insurers need to become customer driven, Whittington says
General insurers in Asia need a closer relationship with their customers, and the direct distribution model is a critical success tool in achieving this objective, according to Charles Burgess, managing director of Whittington Asia Pacific.
European windstorm estimate downgraded
Perils AG has today disclosed its second loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
NIG raids Zurich for new key accounts head
NIG has appointed Chris Woollam as head of key accounts.
MMA names Chelmsford team
MMA has named the team that will lead its new regional office in Chelmsford, part of the insurer’s commercial lines expansion announced in March.