Grant Thornton
Mergers & Acquisitions: Bucking the trend
As the market weighs up the value of assets such as Groupama and Brit’s UK arms, deal making by insurers appears to be buoyant, especially when compared to other industry sectors. But is this a trend that is set to continue?
Review of the year - General insurance: Regulatory dramas
2011, a year dominated by regulatory and legislative change, could yet prove to be a landmark 12 months for the insurance industry.
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…
Grant Thornton gives Sperrin top role
Grant Thornton has promoted Jon Sperrin to partner in its financial services group to lead general insurance services.
News analysis: Private equity and the rules of attraction
Private equity firms continue to be enamoured with the claims industry — just why is this?
Confidence hit by claims and uncertainties
The latest ICAEW/Grant Thornton UK Business Confidence Monitor shows that a year of catastrophic losses, on-going soft pricing and regulatory uncertainty has hit insurance industry confidence hard.
IAG audit expert joins Grant Thornton
Grant Thornton has taken on IAG UK’s head of internal audit Sarah Talbott to lead its insurance internal audit services.
Financial services firms to see surge in PE investment, report says
According to new research from accountancy firm Grant Thornton, more than two thirds of private equity houses are set to invest in financial services firm in the next twelve months.
Confidence falls in insurance, banking and finance sectors
Confidence among banking, finance and insurance professionals continues its downward trend, according to the latest UK Business Confidence Monitor (BCM) from ICAEW and Grant Thornton.
Quinn’s net loss increases to €905m
Quinn Insurance has increased the net loss made in 2009 by €200m to €905m to account for the pay-out to repay the banks and bondholders of the Quinn Group as part of its restructuring, according to accounts filed for the year ended 31 December 2009.
Homecall attracts buyer interest
Grant Thornton has been appointed official liquidator of the failed supplier of emergency cover for homeowners and landlords, Homecall Plus. But uncertainty remains as to whether policies issued in the past five months were backed by an underwriter as…
€1.7m Quinn fees approved by Court
The joint administrators of Quinn Insurance have had their fees of €1.7m for the first three months of the year approved by the High Court.
€1.7m Quinn fees approved by Court
The joint administrators of Quinn Insurance have had their fees of €1.7m for the first three months of the year approved by the High Court.
Gable CEO blasts FSA for large firm bias over SII
The chief executive of Liechtenstein-regulated insurance company Gable has accused the Financial Services Authority of failing to support small insurance companies in the run-up to Solvency II implementation.
Irish brokers wary of Quinn business model after takeover
Uncertainty remains over the business model of the former Quinn Insurance, following its takeover by Liberty Mutual and Anglo Irish Bank, according to Irish brokers.
Quinn records €706m loss
The administrators of Quinn Insurance have announced the company lost €706m in 2009, the year before the administrators were appointed.
Quinn sale to Liberty signed
The joint administrators of Quinn Insurance, Michael McAteer and Paul McCann of Grant Thornton, have announced the acquisition by Liberty Mutual, a joint venture between Liberty Mutual and JVNewco, of QIL.
Quinn sale to Liberty signed
The joint administrators of Quinn Insurance, Michael McAteer and Paul McCann of Grant Thornton, have announced the acquisition by Liberty Mutual, a joint venture between Liberty Mutual and JVNewco, of QIL.
30 staff to be cut as part of Quinn buyout
Thirty additional staff are set to lose their jobs at Quinn Insurance after a joint venture between Liberty Mutual and Anglo Irish Bank was confirmed as the preferred buyer for the business.
Career development & CSR: confidence in financial sector weakens further
Professionals working in insurance, banking and finance are becoming less confident in their sectors, according to analysis by Grant Thornton and ICAEW.
In Series - Fraud: Taking the right path
Nick Wood and Angela Gibson examine the two legal options available to insurers in fraud cases — criminal or civil action.
In Series - Fraud: Two sides to every story
Taking fraudsters to court can be a risky business for insurers, as if they lose the negative publicity can be overwhelming. Rachel Gordon looks at encouraging signs that the industry is fighting back.
In series - fraud: insurance fraud - a victimless crime?
With insurance fraud often seen as a victimless crime by the public, James Earp and Angela Gibson examine ways in which the industry can educate policyholders and pursue criminals.
In series - fraud: the routes to recovery
With fraud now costing the industry £2.1bn a year, Nick Wood and Angela Gibson explain the various routes to recovery and added advantages this can bring.