AIG
Lord Sheikh: Iqra Ethical gearing up for new year launch
Lord Mohamed Sheikh has vowed to launch Takaful insurance business Iqra Ethical in the new year — more than two years after it was registered at Companies House.
Market moves: Ageas and Axa name new MDs
With insurance companies gearing up for the festive holidays, it was a surprisingly busy week in recruitment.
Interview - Edward Fitzmaurice: Broking promises
With Hastings Direct on the cusp of becoming a top five broker and securing its one millionth customer, 2012 could be a landmark year for chief executive Edward Fitzmaurice
Review of the year - Health insurance: Seeds of change
Despite a tough 12 months, and gloom forecast for 2012, the health insurance sector has planted important seeds for future growth this year.
Castleacre launches high net worth index
Castleacre has produced an average price index of household insurance for High Net Worth individuals to help clients identify whether their own insurance premiums are in-line with current market trends.
Legal and tax issues top Airmic worries
Global economic and political uncertainty has had little impact on global insurance programmes, the second annual Airmic casualty benchmarking survey has found.
Underwriting Service Awards 2011
The second annual Underwriting Service Awards ceremony took place at the Oval cricket ground, London, with more than 250 underwriters in attendance. The winners were determined by the feedback and views of intermediaries, who place risks on behalf of…
Market moves: Fresh faces for underwriters
As the industry heads into December, underwriting agencies and insurers lead the way in the job market. This week saw major moves at Chubb, More Than and Travelers, while Evolution, Arista and Ink all welcomed new staff. It was another slow week for…
Perkins Slade rings the changes
Despite a relatively quiet quarter for broker recruitment, Perkins Slade named three new directors this week. The intermediary was not the only firm making changes, with Jelf and Willis also naming new starters. Among insurers I was a bust seven days for…
Structure is behind perception that Allianz UK is underweight, says Booth
The director responsible for all of Allianz’s insurance operations in the UK has insisted it is not underweight, and that it often gets overlooked in top five lists because of its structure.
Market moves: All change at Mondial and Marsh
This week insurers were, once again, the main recruiters with the majority of high profile appointments.
XL scoops bulk of solicitors’ PI market as fewer join assigned risk pool
As capacity in solicitors’ professional indemnity increases, brokers predict XL will be the biggest player in the market, replacing 2010’s top underwriter Chartis.
PI to be compulsory for professional body members in Italy
Professional indemnity insurance is to be made compulsory for all members of recognised professional bodies in Italy following new legislation.
AIG reveals $972m payment to US Treasury after MetLife deal
AIG has announced that it had paid the United States Department of the Treasury $972m to reduce the liquidation preference on one of the special purpose vehicles created as part of the government's assistance to AIG.
Market moves: All change at Zurich and Willis
Following a slow period, large insurers made a number of key appointments this week, including major moves at Zurich, Allianz and RSA.
NIG starts aggressive recruitment drive
NIG has taken on Louise Field, pictured, to be London area underwriting manager, while Ruth Owen from Chartis joins NIG as area business development manager.
LV snaps up ex-Chartis boss
LV has appointed former Chartis boss Kevin Wildman as branch manager for its Exeter office.
Broker report reveals Aviva, Chartis and RSA drop in underwriting service
Insurers must do more to boost satisfaction among brokers, according to a Brokerbility survey that suggested Axa is currently the only firm performing above the 80% approval benchmark.
Interview - Ann Haugh: Making the right decisions
UK CEO of Zurich Global Corporate Ann Haugh has never been averse to taking risks and reveals her determination to grow the business is as strong as it is strategic.
Market moves: Insurers lead the recruitment charge
With the final quarter of the year kicking off this week insurers were the most active recruiters with a raft of hires and promotions. XL Insurance added three new members of staff to its burgeoning team in Europe, while a number of other players seized…
Top 100 UK insurers supplement: Steadying the ship
After a tough 2009, the top insurers have managed to maintain GWP levels in 2010 but snapping at their heels are a few new entrants doing their best to prove there is still money to be made in general insurance.
Lloyd’s pips AIG in surplus lines
The surplus lines industry suffered an unprecedented fourth year of declining premiums in 2010 and Lloyd’s knocked AIG off the top spot, according to AM Best.
Market moves: Bucking the trend for UK employment
With September in full swing, announcements of moves around the market are arriving thick and fast. After the dearth of recruitment news in August, disciplines across the industry spectrum appear busy luring expertise from competitors, promoting from…
IFB head Glen Marr to step down to join motor insurer
Glen Marr, director at the IFB will be leaving the organisation in December to join the board of First Central Insurance Management as director of fraud.