Personal

Moody’s cautious about Centre Group

Rating agency Moody's has announced that it has placed the A3 (good) insurance financial strength ratings of operating members of the Centre Group on review for a possible downgrade.

Chaucer appoints Daniele

Chaucer Holdings has announced the appointment of Christian Daniele as managing director of Chaucer Underwriting, its Europe Division, based in Copenhagen.

Quincy creditors receive pay promise

Creditors from US underwriter Quincy Mutual Fire Insurance will be paid by the end of the year under a formal scheme drawn up by insolvency firm Begbies Traynor.

Kwik Fit owner acquires the AA

Private equity firms CVC Capital Partners and Permira have announced the acquisition of motoring organisation AA from Centrica plc for £1.75bn.

Appointment at Alarm

The Association of Local Authority Risk Managers has made Simon Wills chief executive. He joins the ...

XL Capital announces increased capacity

XL Capital has announced that its insurance operations will provide commercial property insurance capacity of up to $500m, allowing it to underwrite entire global property programs on a selective basis.

Hiscox targets new PI market

Hiscox Insurance has launched a new professional indemnity policy, specifically designed for the newly regulated market of secondary intermediaries.

Alea apoints new CEO

Alea has promoted Mark Ricciardelli from group president and chief operating officer to group president and chief executive officer with immediate effect. Mr Ricciardelli has also been appointed an executive director of Alea.

Dispute cover for antiques launched

Legal costs insurance provider, Arc Legal Assistance, has launched a specialist commercial legal costs insurance package for international brokers, Besso, which includes cover for disputes with Trading Standards over alleged misrepresentation of the…

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