Insurer
Editor's comment: Esure sale is yardstick for personal lines deals
The January sales may not have thrown up much in the way of bargains for those hoping to acquire insurance-related companies. But February is looking like it could prove a more successful month for those seeking a nice little earner at a knockdown price.
Tracker renews police deal
Stolen vehicle recover operator Tracker has signed an exclusive five-year extension on its partnership with the UK Police Force.
Biba: FSCS PPI levy “galling” for brokers
The British Insurance Brokers’ Association has claimed that the Financial Services Compensation Scheme an interim levy of £20m to fund failures involving the sale of payment protection insurance is “galling” for insurance brokers.
Provident rating improves to positive
Standard and Poor's has revised its rating of Provident Insurance based on its proposed sale by GMAC.
Biba responds to FSA fees
The British Insurance Brokers' Association has issued a response to the Financial Services Authority's fees and levies for the next two years.
Accenture expands RM offering
Accenture has launched a global risk management consulting service line to help companies identify, manage and mitigate risks and make greater strategic use of risk data.
Brit appoints chief information officer
Ian Powell has been appointed to the newly created role and will report to cheif operating officer, Malcolm Beane.
Willis reiterates commissions stance
Willis chief executive Joe Plumeri has reaffirmed that the broking giant will not go back on its decision to abolish contingent commission.
Allianz in board shake up
It follows the announcement Dr Gerhard Rupprecht is to retire at the end of the year.
Allianz in board shake up
It follows the announcement Dr Gerhard Rupprecht is to retire at the end of the year.
Blackham returns to broking market with Howden
In this new role, Howden said the co-founder and former CEO of Layton Blackham and Bluefin will provide support and guidance to help it definine and execute its strategy for continued growth, particularly in the development of the UK market.
Kwik Fit looks to dispose of insurance business
According to a reports the company has hired bankers at Credit Suisse to carry out a review of Kwik-Fit Financial Services, which employs more than 1000 people.
US winter storms estimated to cost $2bn
Catastrophe risk modeling firm Eqecat said Friday afternoon (eastern time) that it estimates insured losses resulting from two February winter storms in the eastern United States will exceed $2bn, based on a preliminary assessment.
Nine in ten customers “satisfied” with motor claims service
Almost 90% of claimants are satisfied with their motor insurance claims service, new research has revealed.
Groupama raids Arista for commercial underwriting boss
Groupama has appointed Arista regional underwriting manager Dawn Dillaway as its first head of commercial underwriting.
First Assist secures ASU deal with Tenet
FirstAssist Insurance Services has been appointed by Tenet LIME, to provide a full suite of accident, sickness and unemployment products and services to its 1100 members.
Chaucer names new head of e-commerce
Chaucer Insurance has appointed Ken Hutchinson as its new head of e-commerce.
European insurers must rebuild capital
As insurance companies wait for the world economy to slowly recover, they must work to rebuild capital, reassess risk management, integrate changing regulations and aggressively seize opportunities for growth, both via acquisition and new product…
European insurers must rebuild capital
As insurance companies wait for the world economy to slowly recover, they must work to rebuild capital, reassess risk management, integrate changing regulations and aggressively seize opportunities for growth, both via acquisition and new product…
Allied World reports record 2009 profits
Allied World reported said that net income for the year ended December 31, 2009 was a record $606.9m, or $11.67 per diluted share, compared to net income of $183.6m, or $3.59 per diluted share, for the year ended December 31, 2008.
Paris Re CEO leaves as PartnerRe cleans house
Paris Re CEO Hans-Peter Gerhardt has left the company in a clean-out of senior staff by Partner Re following last year's takeover by the Bermudian (re)insurer.
Axis grabs senior staff from GCube to start renewable energy team
Axis Capital has started a renewable energy insurance team, the company said in a statement.
Go Compare strikes web deal
Price comparison site Go Compare is using Gomez to provide web performance monitoring solutions to support the performance and availability of its website.
TUC supports EL database proposals
The Trades Union Congress has welcomed the government moves to open a consultation on the setting up of an employers’ liability insurance bureau.