HSBC
Axa/QBE deals likely to pave way for onslaught of investment in Far East
The multimillion-pound deals struck in South East Asia by Axa and QBE last week produced the first ripple of what is expected to grow into a tidal wave of investment enquiries in the fast-growing region.
Post magazine – 15 March 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
No rating impact on QBE after HSBC acquisitions
QBE Insurance Group's ratings will not be affected by the proposed acquisition of HSBC Holdings' general insurance businesses in Argentina and Hong Kong.
HSBC sells GI units to Axa and QBE
Axa and HSBC announced today they have entered into an agreement whereby the French insurance giant would acquire the bank's property and casualty businesses in Hong Kong, Singapore and Mexico.
Axa and QBE strike deals with HSBC for Asian and Central/South American P&C businesses
Axa and HSBC announced today they have entered into an agreement whereby the French insurance giant would acquire the bank’s property and casualty businesses in Hong Kong, Singapore and Mexico.
Insurers to pay for Accident Exchange retrials
Major insurers that do not reach a settlement with Accident Exchange could end up paying millions of pounds in legal costs.
Motor claims expenditure boss joins Selsia
Former HSBC Insurance motor claims expenditure boss Ian Stewart has joined Selsia Vehicle Accident Centres as an insurance consultant, with particular focus on developing the firm's direct model within the sector.
Axa buys into HSBC's insurance arm
Axa is said to have bought at least a stake in the non-life insurance business of HSBC and is expected to disclose the transaction details this week.
Insurance Insight – top 10 stories
The top 10 stories from www.insuranceinsight.eu over the past seven days.
Competition heats up for general insurance arm of HSBC
The competition to buy HSBC’s $1bn general insurance business is down to two contenders – Axa and Ace, sources have told Reuters.
Insurer most trusted financial services brand in India according to report
The Life Insurance Corporation of India has come out top in a poll to find the country's most trusted brand in the banking and financial institution space, for the second consecutive time.
Ace recruits communications head from HSBC
Global reinsurer Ace has appointed Darragh Gray as director of communications and marketing for its Europe, Middle East and North Africa operations.
Axa SA and Ace believed to be vying for HSBC
Axa SA and Ace are believed to be in the final running for HSBC Holdings’s non-life insurance operations.
Marsh hunts new UK CEO as South takes wider European role
Martin South has been appointed into the newly-created position of CEO of Marsh Europe, leaving the broker searching for a replacement.
Kane restructures as HSBC deal completes
Captive insurance manager Kane has completed a management restructure coinciding with the completion of the first phase of its integration of HSBC Insurance Management.
Kane reshuffles after HSBC buy
Independent captive insurer manager Kane has taken more cash from its private equity backer to open new offices and has promoted former Aon Global Insurance Management head Clive James to chief operating officer.
Barclays Corporate steps up NBFI push with insurance appointment
Bosses at Barclays Corporate have vowed to continue to develop the firm’s non-bank financial institutions following the appointment of new head of North American insurance Karla Maloof.
RK Harrison appoints Rennick for HNW
Employee-owned insurance broker RK Harrison has taken on Marcus Rennick, the former head of private clients at Marsh and HSBC, to grow its high net worth business with a particular focus on the South East.
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
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…
Payment protection insurance: Aversion therapy
As PPI mis-selling complaints continue to pour in to the Financial Ombudsman Service, are providers doing enough to salvage the reputation of the sector?
Marketing: The power of advertising
Effective marketing can be a tough challenge for financial services providers and having a strong presence is not enough, it must also resonate with customers.
Career development news: HSBC staff complete CII diplomas
More than 130 HSBC staff have successfully completed the Chartered Insurance Institute’s diploma in financial planning and diploma in regulated financial planning.
Axa and Generali in running for HSBC non-life book
European insurers Axa SA and Assicurazioni Generali SpA are thought to have submitted first-round bids for HSBC's non-life insurance business in a deal worth up to $1bn (€728m), Reuters has reported.