Insurer
Next phase of DLG float underway as UBS appointed to advise
UBS has been appointed to advise on RBS' sale of its Direct Line Group insurance arm, with the bank acting as joint bookrunners with Goldman Sachs and Morgan Stanley.
Hyperion IPO likely in late 2013, BP Marsh boss says
The chairman of venture capitalist BP Marsh, which has a 19.4% stake in Hyperion, said it is unlikely the insurance business will float until after Q2 2013 and warned the firm to wait until economic conditions improve.
Tesco launches van insurance with Axa
Tesco Bank has launched its own van insurance policy.
Admiral investors advised to “sell” as analysts question future growth
Admiral stock has been branded too expensive despite the motor insurer being highly profitable in an “inherently unprofitable” industry.
Novae Zurich reinsurance CEO and CUO quit
Two bosses at Novae Zurich's reinsurance division have resigned.
The AA and Direct Line provide 'poor' online customer experience, survey finds
UK home and motor insurers like Direct Line and The AA are potentially ruining opportunities to acquire new customers because of a poor online user experience, a survey has found.
Confusion surrounds Goldman Sachs' commitment to $6bn Chinese insurer listing
The $6bn listing of the state-owned People's Insurance of China has taken on a new twist as bankers gear up for an increasingly taxing deal, it has been reported.
Talanx enters Indian market via joint venture
Talanx-owned insurer HDI-Gerling will enter the Indian market through a joint venture with Indian firm NBFC Magma Fincorp after a three-year bid to gain a licence for the region.
Damaging aftershocks hit northern Italy
Two damaging aftershocks, a magnitude 5.8 followed by a magnitude 5.4, occurred on 29 May in Italy's Emilia-Romagna region, which experienced a magnitude 6.0 earthquake on 20 May.
Axa, LV, Zurich, Broker Direct and QBE triumph at Post Claims Awards 2012
Mike Klaiber, Zurich UK claims disease manager, was the winner of the inaugural CII Claims Faculty achievement award last night at the Post Claims Awards.
Tycoon's son makes surprise ING Asia bid
The son of Asia's wealthiest tycoon, Li Ka-shing, has lodged a surprise bid for the south east Asian businesses of ING's $6bn Asian insurance operations, the Financial Times reported today.
170 jobs at stake as Kwik-Fit prepares to shut Birmingham office
Kwik-Fit Financial Services has this afternoon revealed that it is planning to close its Birmingham office and relocate to Glasgow at the expense of 170 jobs.
Aviva announcement on senior staff shake-up expected
Aviva is understood to be preparing to inform staff this week of details of the next stage in its plan to "simplify" its business.
Davies hires L&G boss Andy Webb for new COO role
Claims management company Davies has recruited former Legal & General chief operating officer Andy Webb, pictured, for the same role to start on 1 June.
RSA targets 'consistency' across global network with GSL restructure
RSA's reorganisation of global speciality lines aims to bring consistency across the group's global network, according to Paul Donaldson, director of global broker relationships and sales.
BMS launches mobile phone app
Specialist insurance group BMS has launched an iPad and iPhone app called BMS Today providing daily insurance and reinsurance news.
Top 10 news stories
The top 10 stories from www.insuranceinsight.com last week.
Insurers told to improve online user experience or risk losing customers
Home and motor insurers have been accused of potentially ruining opportunities to acquire new customers by providing a poor online user experience, following research conducted by online customer experience insights firm Global Reviews.
Cost of flooding hits £1bn per year, claims SearchFlow
A combination of climate change and underinvestment in flood defences has resulted in the annual cost of flooding in England and Wales reaching £1bn, according to research conducted by the Environment Agency and SearchFlow.
Ageas woos Groupama household boss
Ageas has appointed Craig Allen as head of household underwriting, responsible for managing the performance and profitable development of the home account through the control of pricing, underwriting and business development activity.
Government attacked for rushing compensation reforms
The Association of Personal Injury Lawyers has criticised the government for rushing reforms of the compensation system, arguing the "aggressive timetable" may compromise access to justice for injured people.
O’Donnell replaces Robinson as Ace financial lines head
Timothy O'Donnell has been appointed executive vice president of financial lines for Ace's international insurance operations.
IUA working party demands details on regulatory cooperation
More information is needed on how the UK's two new insurance regulators are going to cooperate and ensure fair treatment for companies, a new International Underwriting Association market group has stated.
Amlin to integrate French unit
Amlin France, known as Anglo-French Underwriters before its 2008 acquisition by Amlin Group, will be integrated into Netherlands-based Amlin Corporate Insurance as part of the insurer's European growth strategy.