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Green Insurance Group first investment for Minority Venture Partners
Minority Venture Partners has invested in Bexhill-on-sea broker Green Insurance Group.
Sale of Equity Direct Broking to NMG completed
Equity Insurance Group has announced the completion of the sale of Equity Direct Broking to NMG Holdings.
Hastings staff to pocket windfall as Goldman Sachs deal is completed
Goldman Sachs Merchant Banking Division has signed off on a deal to acquire 50% of the voting share capital in Hastings Insurance Group.
LV looks to Equity and NIG for underwriting appointments
LV Broker has strengthened its commercial underwriting team with two appointments.
Aviva promotes Fraser Edmond as Hudson’s successor
Aviva has promoted Fraser Edmond to replace Sam Hudson as broker performance director, the insurer has confirmed.
Interview: Ian Parker: Taking the scenic route
Ian Parker’s search for the right firm took him across the globe before he finally found his ‘sweet spot’ with Equity. The chief executive tells Post why the insurer is such a perfect fit.
Macquarie acquires 19.9% share of Equity Redstar
Aquiline Capital Partners has sold a 19.9% share of specialist motor insurer Equity Redstar to Australian investment bank Macquarie.
Equity hires Aspen’s Katie Wade to replace Andrew Gibson as CFO
Motor insurance specialist Equity has recruited Aspen’s Katie Wade to replace Andrew Gibson as its chief financial officer.
Career file: Sam Hudson - Aviva's Hudson to join Equity in January
Sam Hudson, Aviva's broker performance director for intermediary and partnerships, is to join Equity from the start of next year as commercial director.
Penny Black's Insurance Week - 14 November 2013
Penny was delighted to catch up with the new team at Equity this week and find out what their plans are for next year following the overhaul of the business.
Aviva's Hudson to join Equity in January
Sam Hudson, Aviva's broker performance director for intermediary and partnerships, is to join Equity from the start of next year as commercial director.
Arista recruits from Equity for credit control pair
Commercial lines underwriter Arista Insurance has swooped for a pair staff from Equity insurance for its credit control unit.
Motor Insurance: Jumping the gun
Motor insurers’ over-eagerness to reap the anticipated benefits of the Legal Aid, Sentencing and Punishment of Offenders Act has resulted in a sharp drop in rates. With unprofitability increasing, where does the sector go from here?
Hastings receives Goldman Sachs investment
Goldman Sachs Merchant Banking Division will acquire 50% of the voting share in Hastings, in a move that implies a net enterprise value of approximately £700m.
Equity sells direct broking division to NMG Holdings
Equity Insurance Group has sold specialist motor and home broker Equity Direct Broking to NMG Holdings as part of its strategy for the business to return to underwriting.
Capital influx could displace traditional equity capital - Willis Re
The influx of third-party capital into the reinsurance market may displace up to $40bn (£25.5bn) of traditional equity capital, which could either be returned to shareholders or redeployed elsewhere in the reinsurance market, according to Willis Re.
Gender Directive: New Tricks
The EU Gender Directive has given rise to a new generation of ‘girly’ motor insurers – but are the practices sustainable in the long term?
Canopius acquires Equity's home and PA books and 25% Arista stake
Canopius has purchased Equity Insurance Group’s home and personal accident books as well as a 25% shareholding in Arista Insurance.
Equity Red Star’s strategy prompts reorganisation
Lloyd’s motor insurer Equity Red Star is to reorganise its motor division and senior management team as part of a new strategy.
Motor Insurance: The road to profit
Could recent legislation provide the turning point motor insurers need to drive them into long-awaited profitability, or are tough times set to continue?
Insurers’ closed third-party phone lines add to claim settlement times
Zurich to consider litigation if subrogation times are ‘unreasonable’
Equity closing in on "high profile" director amid overhaul of business
The new chief executive of Equity has outlined its plans to strengthen its specialist lines offering within the motor sector as it moves to a broker-only model.
Equity axing 200 jobs in motor focused re-launch
Equity Insurance Group is to cut 200 roles following its acquisition by Jeff Greenberg-led private equity house Aquiline.
Movers & shakers: All aboard as every sector chips in with compelling recruitment performances
Hires, departures and extra-curricular appointments were finalised across the board this week, as the managerial merry-go-round gathered speed. At UK General, Neil Martin has been hired to take on the role vacated by Bluefin-bound John Neil, while in the…