Insurer
Paul Meehan to take charge of Axa claims department in shake up
Axa is to move its claims operation will transfer into the customer experience team headed by Paul Meehan. It added the change is part of a continual move to better alignment and focus on customer experience.
RBS to keep its insurance businesses
The Royal Bank of Scotland has decided not to sell its insurance businesses.
Willis appoints new head of Manchester office
Willis has appointed Tony O'Gara as branch director of its Manchester office effective immediately.
RGA FY net income tumbles nearly 40%
US life reinsurer Reinsurance Group of America said that full year net income for 2008 tumbled nearly 40% after losses on investment securities spiralled.
RBS receives 'informal' bid for insurance business
Royal Bank of Scotland has received an informal offer for its insurance business according to a press report.
BGL looks to affinity arm for new MD of claims arm
The BGL Group have appointed a new managing director for its claims management business, ACM ULR.
Medical reporting firms gets £3.25m cash injection
Clevedon-based Medreport, which provides independent medical reports to the legal and insurance sectors, has secured £3.25m from Bank of Scotland Corporate to help it grow.
Zurich snags AIG senior exec to lead Dubai office
(Bestwire) Zurich Financial Services Group has appointed Saad Mered as its chief executive officer for the Middle East. His appointment is effective immediately.
RBS in £1.6bn disposal
The Royal Bank of Scotland has disposed of its 4.26% equity stake in Bank of China for a net consideration of £1.6 bn. RBS - which has also been looking at the potential disposal of its insurance businesses including Direct Line and Churchill - sold 10.8…
Aon UK CEO expects other brokers to be investigated
Aon UK chief executive Peter Harmer told Reinsurance Magazine that he expected other brokers to be investigated by the FSA following today's announcement that the broking giant had been fined a record £5.25m fine by the Financial Services Authority.
Aviva begins count down to NU phase out with Boxing Day TV spots
Aviva has confirmed that the campaign to communicate that Norwich Union, is changing its name to Aviva will launch on 26 December and will run for six months.
Scor gets life retakaful license
The Labuan Offshore Financial Services Authority (LOFSA) has granted SCOR Global Life an operating licence to provide Retakaful reinsurance products complying with the principles of Islamic finance. LOFSA also granted SCOR Global Life a conventional (non…
Swiftcover signs three year deal
Swiftcover has renewed its three-year contract with Auto Windscreens.
Hiscox sheds Bermudian team but plans to open five new bases in the US
Hiscox is to close one of its specialist insurance and reinsurance teams operating from Bermuda as part of plans to focus on its US business.
Aviva sells UK subsidiary
Aviva has agreed to sell RAC Auto Windscreens to Arques Industries AG.