Insurer
Aviva sells Indian BPO offering
WNS acquired all of the shares of Aviva Global Services, its business process offshoring company in India and Sri Lanka which provides back office and contact centre support for Norwich Union in the UK. The deak is worth £115m to the UK insurance group.
Zurich pulls out of RBSI bidding
Zurich Financial Services Group has confirmed today that it has been considering making a bid for the insurance business of Royal Bank of Scotland and has carried out a detailed review of the opportunities.
Nature lovers
Royal Bank of Scotland Insurance staff have gone back to nature to restore woodland at a bird reserv...
Marsh boosts renewable energy team
Marsh has made several appointments in its renewable energy practice in London.
Ex-AIG chief Sullivan resigns from board of Transatlantic Holdings
Transatlantic Holdings, the US reinsurer, has said that its chairman Martin Sullivan, has resigned from the Board, effective today.
Cullum admits Norwich City takeover plan
Towergate chairman Peter Cullum has confirmed the long running speculation that he is prepared to invest in Norwich City.
Ace Global Markets appoints Shaw as new chief underwriting officer
Ace has appointed Matthew Shaw as chief underwriting operator for its global markets division. Mr Shaw will also assume the position of chairman for Ace Tempest Re Europe.
Aviva reveals new chief risk officer
Aviva has appointed Jim Webber as its group chief risk officer.
Heath Lambert agrees to release employees
Heath Lambert has announced that it has agreed to release, for an undisclosed sum, certain employees within its international wholesale division global business solutions, from their contractual restrictions to go to Arthur J Gallagher International.
RBSI boss fails to take up full options
Royal Bank of Scotland Insurance chief executive Chris Sullivan took up less than his full entitlement to buy new stock in the parent's £12.3bn rights offer.
Accident Claims Scotland launches policy for Scottish market
Scottish Accident Management and Credit Hire specialists, Accident Claims Scotland, launched their newest product – a legal expenses policy specifically underwritten for the Scottish motorist.
Brash bosses get the finger
It might make for good telly, but bosses who mimic Sir Alan Sugar's brash interviewing style in a re...
RBS CEO confident of getting full price for insurance business
Royal Bank of Scotland has told reporters it is confident of selling its insurance arm for the price it had in mind at the start of its auction.
New chairman of Climate Wise elected
Chief executive of Allianz Insurance, Andrew Torrance, has been elected as the new chairman of Climate Wise.
Zurich announces redundancies as part of cost cutting drive
Zurich has revealed that it will be making a number of redundancies after revealing plans to cut its cost base by 10% by the end of the year.
Admiral celebrated as best FS firm in UK
Admiral has been named as the country's best financial services company to work for. The insurer ca...
Metlife says plans to divest most of RGA stake
BESTWIRE -- US insurer MetLife plans to divest most of its 52% interest in Reinsurance Group of America Inc. The companies said the transaction would allow them to focus on growing their core businesses.
Snowball insists Cullum and Homer could run listed Towergate
Outgoing Towergate deputy chairman Patrick Snowball has said he could return to the Towergate board in the future, but that his immediate future lies elsewhere in the general insurance space.
Generali pulls out of battle for RBS
Generali has withdrawn from the race to buy the insurance arm of Royal Bank of Scotland, according to the Financial Times.
Fortis boosts underwriting team
Fortis has appointed Ron Munro as underwriting development manager.
Members approve Lloyd's Act reforms
Lloyd's has voted to amend the Lloyd's Act 1982 by means of a legislative reform order.