Company news
Analysis: Who are RSA buyers Intact and Tryg?
RSA's would-be co-owners Intact and Tryg intend to split the insurer once a deal closes. Post investigates what the parties' track records could mean for its future.
Miller to expand employee ownership after sale
The existing partners of Miller will be reinvesting into the business to keep a “substantial minority ownership” and targeting broader employee ownership as part of the deal that sees the firm switch hands from Willis Towers Watson to Cinven and GIC.
Sompo's Lloyd’s exit about us, not them: international insurance CEO Julian James
Sompo’s decision, announced in April, to walk away from Lloyd’s at the end of this year was driven by the insurer’s ambitions rather than reservations about the Lloyd’s market itself, Sompo international insurance CEO Julian James has said.
Coverys Lloyd's syndicate to stop accepting business and renewals from next year
Coverys-backed Lloyd’s Syndicate DTW 1991 is to stop accepting new and renewal business from 31 December 2020.
No losers as Cinven and GIC buy Miller from WTW, say brokers
Brokers have hailed private equity house Cinven and Singaporean sovereign wealth fund GIC buying Miller from Willis Towers Watson as a deal with no losers.
RSA in £7.2bn sale talks
RSA has confirmed it is in takeover talks with Canadian insurer Intact Financial Corporation and Danish provider Tryg about a £7.2bn deal that would split up the business.
Hyperion rebrands as Howden Group Holdings
Hyperion Insurance Group has changed its name to Howden Group Holdings and will rename businesses that bear the Hyperion name with immediate effect.
Top 30 Asia-Pacific Insurers: Bracing for uncertainty
Although non-life insurers in Asia performed modestly in 2019, the past nine months has been bumpy for the industry. Christie Lee, senior director of analytics for Asia-Pacific at AM Best, discusses the region’s performance over the past year
CHO chair Kirsty McKno to bow out
Credit Hire Organisation chair Kirsty McKno will step down in November, with a strategic board set to take over.
Minster Law posts £1.1m profit as it launches digital claims portal
Minster Law has reported a £1.1m profit for 2019 as it launches a digital claims portal to 75% of its customers.
Mactavish appoints former Aston Scott CEO Heidi Carslaw as MD
Mactavish has appointed Heidi Carslaw, formerly CEO of broker Aston Scott, as managing director.
Peter Zaffino to succeed Brian Duperreault as AIG CEO
Peter Zaffino, AIG president and global chief operating officer, will succeed Brian Duperrault as AIG CEO in March 2021.
Aviva censured over ‘serious but not intentional’ preference shares breach
The Financial Conduct Authority has publicly censured Aviva for a 2018 announcement that the regulator found “had the potential to mislead the market”.
Bought by Many confirms name change outside of the UK
Pet insurance provider Bought by Many will be changing its branding to Many Pets in markets outside of the UK, chief financial officer Luisa Barile told Post.
RSA opts against appeal on Marsh wording in BI test case
RSA’s appeal of the High Court business interruption test case ruling only covers two policies, court documents have revealed, and does not include the Marsh/Jelf resilience (RSA4) wording shared by multiple insurers.
Colin O’Farrell to retire from QBE after 34 years
Colin O’Farrell, chief underwriting officer of insurance for QBE International, will be retiring from the business at the end of this year with deputy CUO Nick Hankin stepping up as interim CUO on 1 January, the provider has announced.
Axa appoints former Bank of Scotland boss as UK retail CEO
Axa UK has appointed Tara Foley as CEO of Retail, replacing Laurent Matras, with effect on 2 November 2020.
R&Q reveals MGA book growth in 2020
Randall & Quilter grew its managing general agent relationships to 36 by the end of the first half of the year, the firm has revealed.
Airmic CEO John Ludlow to step down
John Ludlow, CEO of risk manager association Airmic, is expected to step down in early 2021.
180 years of Post: Loss adjusting after the heydays (part two)
As Post celebrates its 180th anniversary content director Jonathan Swift takes a look back at the highs and lows of loss adjusting through the 1980s and 1990s in the second of a two-part series.
Julie Page named CII president
Aon UK CEO Julie Page has been appointed president of the Chartered Insurance Institute.
Watchstone opens legal claim process against KPMG
Watchstone, formerly known as Quindell, has filed a claim against KPMG in the High Court believed to be related to the accountant’s 2013 audit of the business, which previously led to a £4.5m fine for KPMG and a public reprimand from the Financial…
Nigel Phillips targets CDL growth as digital moves into 'new era'
Technological advancements mean the insurance industry is moving into a new era of digital, CDL CEO Nigel Phillips told Post as he set out that the software specialist is targeting further growth under his leadership.
Jason Harris joins QBE to succeed Richard Pryce in CEO role
Former Axa XL global property and casualty CEO Jason Harris has joined QBE and will take over as QBE International CEO when Richard Pryce steps down.