Insurer
DWF welcomes 11-partner team from Greenwoods
Business law firm DWF has confirmed the transfer of a team of 50 people from specialist insurance law firm Greenwoods.
Sterling upgrades flagship policies
Sterling Insurance Group has made significant changes to its flagship household insurance policies, Executive Home and Executive Plus.
Cooper Gay and NMB deal finalised
Cooper Gay Swett and Crawford has finalised its acquisition of Lloyd’s insurance and reinsurance broking group Newman Martin and Buchan following Financial Conduct Authority approval of the deal.
Ambant eyes MGAs following launch of underwriting arm
Insurance market services company Ambant has launched Ambant Underwriting Services in a move to target underwriting teams setting up managing general agents.
Night curfews won’t work, warns Insure the Box
Banning young people from night-time driving would not help reduce premiums or improve driving behaviour, according to a report by Insure the Box.
PZU bids for state-owned Croatian insurer
Polish insurer PZU has made a bid for Croatian insurer Croatia Osiguranje, according to local media reports.
MAST security training courses receive government approval
The Department of Transport’s Maritime & Coastguard Agency has approved three new training courses from security specialist Maritime Asset Security and Training.
Staddon named MD of the MGAA
Peter Staddon has been appointed as the first managing director of the Managing General Agents' Association.
Ambant launches MGA support firm
Ambant, the Lloyd’s of London and international insurance market services company has launched MGA service provider Ambant Underwriting Services.
Cannock making his mark at Markel
Less than 12 months after joining Markel from the Lloyd's market, Matthew Cannock was promoted to managing director, Asia.
Hong Kong Federation of Insurers revamps website
The Hong Kong Federation of Insurers has upgraded its website with increased functionality and enhanced consumer, broker and member sections.
Transport ministers told to consider graduated driver licensing
The Department for Transport has been advised to consider the introduction of graduated driver licensing for young drivers by the Transport Research Laboratory.
Post Intelligence – company profile: Towergate Partnership
Towergate says it will continue its aggressive acquisition strategy (FY12: 27 acquisition; 1H13: 10) focused on networks, retail and underwriting. The challenge is to turnaround falling operating earnings in the retail business.
Post Intelligence – company profile: Arthur J. Gallagher & Co.
With an increasing focus on international growth, AJ Gallagher has completed a record 60 acquisitions in 2012 across all business lines with annualised revenues of $232m.
Post Intelligence – company profile: Aviva plc
Following a loss of £3bn last year, Aviva has identified 43 businesses that are performing under par.
Post Intelligence – company profile: Direct Line Insurance Group plc
Compared to an operating loss of £375m in FY10, Direct Line returned an operating profit in 1H13 of £287m, up 28% year-on-year.
Post Intelligence – company profile: Esure Group
As part of its strategy to diversify its earnings, Esure Group is working to expand its home, broker and additional service offerings.
Post Intelligence – company profile: Munich Re
Munich Re continues to expand its primary insurance business, ERGO, in Asia and Eastern Europe.
Post Intelligence – company profile: Admiral Group plc
Following a difficult time with motor insurance, Admiral Group issued a profit warning in FY12.
Post Intelligence – company profile: AIG
In four years, AIG has repaid $182bn of bailout funds through intensive disposal of assets.
Post Intelligence – company profile: RSA Insurance Group plc
RSA has a target to double premiums from emerging markets through actions including bolt-on acquisitions.
Research shows growth in telematics product offerings
The number of car insurance products featuring telematics has increased from two to 14 in the past two years research from Defaqto has found.
ABI unveils rehab insurer panel
The Association of British Insurers has revealed the make up of a new rehabilitation panel to provide a unified voice for insurers.
Zurich shakes up commercial broker team
Zurich has made some changes to its commercial broker leadership team following the retirement of two of its members.