Insurer
Levene predicts Spanish premium growth
Lloyd's has announced the appointment of David Battman as Consejero Delegado (Managing Director) of Lloyd’s España, its first full-time representative in the Spanish market.
New business rises for Aviva
Aviva said its profit margin climbed in the first quarter as new business rose 1% on improving sales in the UK and continental Europe.
New look for Groupama launched
Groupama Insurances will adopt a brand new logo and corporate style from 1 May.
Willis reports modest rate increases in some lines
International broker Willis today reported that revenues grew 20% to $665m (with 9% organic growth) during the first three months of 2004. Net income for the quarter ended 31 March 31was $148m, or $0.87, compared with $117m, a year ago.
Admiral confirms flotation plan as profits hit £71.2m
Motor insurer the Admiral Group, which today reported an increase in profits to £71.2m for 2003 — a rise of 29% on 2002, has confirmed plans to seek a Stock Exchange listing this autumn.
Levene warns of "new era" of risk
Business leaders have been urged to put risk management at the heart of the boardroom agenda by Lord Levene, chairman of Lloyd’s.
Layton Blackham Partnership reveals possible sale
Broker network the Layton Blackham Partnership has revealed that negotiations are underway for the sale of a book of business to its new company, Chambers and Newman.
Global reinsurance market outlook still negative, says S&P
Standard & Poor’s (S&P) has published a new report that states that the ratings outlook for the global reinsurance market remains negative.
Heath announces senior shake up
Heath Lambert Group has today announced a number of senior promotions within three of the its key operations.
Clinicare announces gross premiums of £30.7m
Medical insurer, Clinicare, has announced its results for 2003 with gross written premiums up 8% to £30.7m.
Zurich announces profit-generating strategy
Zurich has targeted four market segments to provide profitable growth in its general insurance division for 2004 and beyond.
Rubicon to double call centre staff
Insurance outsourcing specialist Rubicon has launched a major recruitment drive to double the staff ...
Biba appoints regulation and compliance manager
The British Insurance Brokers’ Association has appointed Steve White to head up a new facility for brokers, as regulation and compliance manager.
Non-executive director appointed for ACE INA UK
ACE European Group has appointed Davida Marston as non-executive director of its UK registered company ACE INA UK.
Hiddleston to retire from RBS Insurance
RBS Insurance has announced that David Hiddleston, the former development director of Churchill, is to retire at the end of April.
Willis Commerical Network reaches milestone
The Willis Commercial Network, a partnership between the Willis Group brokerage and local, independent brokers, has signed up its 60th member – Leicester-based Martin Bown & Co.
Allianz makes regional appointments
Allianz Cornhill has appointed Steve Williams as its new regional manager for the North West and will be based in the Manchester office. He was previously with Royal and Sun Alliance as North West regional director.
Aviva cuts chief executive’s pay
Aviva has announced it cut chief executive Richard Harvey’s compensation 23% last year after he received a one-time payment in 2002 related to a merger. The value of his pension rose 24%.
Aquilo completes Rubicon motor acquisition and sells IT department in MBO
Claims services provider Aquilo has completed the acquisition of Rubicon's motor inspection business at the same time as its IT division finalised a management buyout.
Smart & Cook given £57m boost
Broker Smart and Cook today announced a £57m cash injection from venture capitalist 3i.
Barton and Benjamin team up to launch new Lloyd's brokerage
Nigel Barton, who quit Lloyd's managing agency Faraday 18 months ago after a clash of management styles, is forming a new insurance brokerage.
A Wales of a time
Regional Review
Aviva confident after strong results
Aviva today recorded an operating result of £911m in its general insurance business, compared to £881m in 2002.
JLT reports increase in profits and revenue
Broker Jardine Lloyd Thompson today reported an increase in turnover from £388.6m to £429m for the year ended 31 December 2003.