Insurer
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Generali has withdrawn from the race to buy the insurance arm of Royal Bank of Scotland, according to the Financial Times.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.
Jelf acquires Reading broker
Jelf has acquired Reading-based broker Godfrey Moore.
Buffett pulls out of RBSI auction
Berkshire Hathaway has pulled out of the bidding for the Royal Bank of Scotland Insurance business.
Aviva strikes £300m deal for UK and India communications
Cable and Wireless today announced it has signed a new six-year contract with Aviva, worth £300m.
Allianz reports dip in profits
Allianz has revealed its results for the first quarter of 2008, with profit before tax falling 13% to £42.3m on the same period last year.
Axa Corporate Solutions reports £1.4bn turnover
Axa Corporate Solutions has reported a turnover of €1.8bn (£1.42bn) during 2007 marking an increase of 7%.
Hiscox appoints Michael Gould as new COO
Hiscox has announced the appointment of Michael Gould to the role of chief operating officer, effective 9 June 2008.
Consortium formed for RBSI bid say sources
A private-equity consortium is being formed to explore a bid for Royal Bank of Scotland's insurance assets, according to a report in the Financial Times.
Aon UK CEO Harmer to be named as Market Reform Group chairman - sources
Aon UK chief executive Peter Harmer will be named as the new chairman of the Market Reform Group, Reinsurance understands.
AIG holds talks over RBSI buyout say sources
AIG has held preliminary talks with Royal Bank of Scotland about the buyout of the UK’s bank’s insurance operations, sources close to the situation told Reinsurance Magazine.
RBS confirms plan to raise £4bn with insurance business sell off
Royal Bank of Scotland has confirmed that it plans to sell part or all of its insurance business in an effort to bolster its balance sheet. The move is expected to raise around £4bn.
Heath Lambert and Cooper Gay in acquisition talks
Cooper Gay and Heath Lambert have confirmed they are in talks about Cooper Gay acquiring Heath's aviation, global business solutions, FSJ and reinsurance divisions.