Insurer
Aviva chief declares 2005 best yet for GI
UK insurance giant Aviva this morning declared 2005 its "best general insurance result yet". Its general insurance and health profit jumped 22% to £1551 million and it recorded a worldwide general insurance combined operating ratio (COR) of 95% (2004: 97…
Bernau is made new chairman of the FSSC
The Financial Services Skills Council has appointed a new chairman, following the retirement of Sir ...
Ingham's founding directors set to retire
Ingham Underwriting has announced the retirement of its founding directors.
Former Aviva boss takes up new role
CMGL, the provider of claims management and insurance services, is has appointed Cees Schrauwers as non-executive Chairman.
Quinn Direct profits up
Quinn-direct Insurance, the Irish insurance company, has announced it made a Pre-Tax Profit of £158m in 2005.
Axa GI revenues stuck at 2004 levels
AXA UK has reported 23% growth in underlying earnings to £266m in 2005 for its combined life, health and general insurance business.
Swiss Re EGM finalises GEIS purchase
An Extraordinary General Meeting of Swiss Re shareholders has approved the company’s creation of additional equity capital related to the financing of the GE Insurance Solutions acquisition.
Jelf enters top 10 independent broker league with major acquisition
Jelf Group has acquired fellow broking group Goss Group for an initial consideration of £6.254m. It also plans to raise £7.3m from investors.
Lloyd’s Council appoints new deputy chairman
The Lloyd’s Council has appointed Ewen Gilmour, chief executive of Chaucer syndicates to the position of deputy chairman of Lloyd’s.
Willis begins results season with $127m profit slide
Willis has announced its fourth quarter 2005 and full year results reporting a drop in net income from $427m (£245m) in 2004 to $300m (£172m) to the year ended 31 December 2005. The fall was attributed to first quarter charges for regulatory settlements…
Aon promotes M&A team
Broker Aon has announced a number of promotions within its Mergers and Acquisitions Group. Tim Davies, Jon Higgins and Jim Rutherford have been appointed to directorship level, and Giles Murphy has been promoted to associate directorship level.
Martin appointed COO at AIG
American International Group, (AIG) has named Rodney O. Martin, Jr. chief operating officer of AIG's worldwide life insurance business.
Swiss Re planning to cull 1700 workers following GE take-over
Swiss Re plans to cut up to 1,700 jobs following the acquisition of General Electric's GE Insurance Solutions unit in November, CEO designate Jacques Aigrain said.
Levene repeats call for US to abolish protectionist regulations
Barriers to trade must be removed to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina, Lloyd’s Chairman Lord Levene told New York business leaders today.
NU parent denies takeover talk
Aviva has denied speculation it is in talks about acquiring a US insurer.
Crawford gains from RBSI deal
Crawford & Company, the loss adjuster, has been selected as one of the main providers of claims management services to Royal Bank of Scotland Insurance. Crawford said it has been selected to provide UK-wide claims management services covering general…
NU shake up sees insurance broker boss change
Norwich Union has announced a GI shake up with insurance broker director George Berrie revert to previous role after less than a year in the role.
Aviva unites UK life and GI businesses under Snowball
Aviva today announced that Patrick Snowball, currently group executive director, general insurance, will become group executive director, Aviva UK. In his new role he will be responsible for the group’s UK businesses – Norwich Union Life, Norwich Union…
The resident president
With a restructuring occurring at Marsh, Bruce Carnegie-Brown has been a very busy man. He talks to Guy Anker about why he chose to accept the position of Institute of Financial Services president and his commitment to change
Lloyd's chief announcement set for New Year
The search for a new chief executive at Lloyd's is down to the final eight candidates.
Ricksons opens Leeds office
Law firm Ricksons Solicitors has opened a new office in the heart of Leeds city centre.
Axa in Lloyds TSB tie up
Axa has announced today that it has secured the contract to underwrite Lloyds TSB Insurance’s travel insurance from 1 February 2006 following a competitive tender.
ZFS reports profits of £2.8bn
Zurich Financial Services has reported a record operating performance for the first nine months of 2005,despite the impact of severe natural catastrophes in the United States and Europe, a company statemetn read today.
Groupama announces restructure following acquisition
Groupama expects to become the eighth largest healthcare insurance provider in the UK with a GWP of over £60m following its acquisition of Clinicare from French mutual insurer AZUR GMF. The purchase of Clinicare was formally completed on 9th November for…