Insurer
Hardy not part of takeover talks - CEO
Although there has been a speight of recent takeovers of Lloyd’s (re)insurers by Bermudian companies, Hardy hasn’t been part of any talks, chief executive Barbara Merry said in an interview.
Groupama CEO dismisses commercial rate rise talk as hot air
The chief executive of Groupama has criticised the market for talking up commercial rates rises but doing nothing about it. François-Xavier Boisseau's comments came as Groupama Insurances reported a UK post tax profit of £15.0m to the end of Q2 2008 …
Pick of the week
Provident draws up new toba; Ecclesiastical cultivates reinsurance deal; Zurich targets broker with charity offerings; and Fortis lands £20m Toyota deal
Viewer successfully challenges Churchill ad
Churchill Insurance has been ordered to pull a “misleading” TV advert after a viewer successfully ‘challenged Churchill’.
Allianz reports £94m in pre-tax profits
Chief executive officer of Allianz, Andrew Torrance, says the underlying profitability of the business the insurer is writing is “unsatisfactory”.
Former RBSI head joins Towergate broking arm
Towergate has appointed Jim Donaldson in a new senior operations role in the Towergate broking division.
Goodwin says RBSI sale could be weeks away
The chief executive of Royal Bank of Scotland says a number of parties are interested in the bank’s insurance arm but that a deal will not be struck unless an “acceptable” price is agreed.
Axa slashes 500 more jobs
Axa UK is making up to 500 redundancies on top of the 120 jobs it is shedding in Ireland after reporting its interim results.
SME tycoons unperturbed by worldwide credit crunch
Entrepreneurial flair is alive and well in the UK despite the economic downturn, according to Hiscox...
Aggregtor battle sees Confused's profits drop £4.1m on higher revenue
Motor insurer Admiral has indicated that the battle in the aggregator space is having an impact after revealing Confused's revenue was up at £36.6m for the first six months of 2008 (H1 2007: £34.3m), but that its profits had reduced to £15.6m from £19.7m.
Aviva UK GI business sees profit up as premiums fall in challenging market
For the six month period to 30 June 2008, Aviva has reported that its UK general insurance profits increased to £305m (2007: £269m), despite what it described as a continuation of the challenging market conditions seen throughout 2007.
Small businesses continue to boom despite credit crunch, according to survey
Despite the credit crunch more than half (52%) of small business owners in the UK say they have no intention of limiting their expansion plans, a survey reveals.
Aon adds to UK board
Aon has appointed Mark Chessher to the position of CFO of Aon and Aon Risk Services.
Mark Collier joins Frontline
Mark Collier is leaving his position as managing director of Provident Insurance after seven years, to take up an equivalent position at BGL Group.
Schmalzriedt appointed chairman of Willis Re
Willis Re has appointed Gary Schmalzriedt as chairman with immediate effect.
Aviva sells Indian BPO offering
WNS acquired all of the shares of Aviva Global Services, its business process offshoring company in India and Sri Lanka which provides back office and contact centre support for Norwich Union in the UK. The deak is worth £115m to the UK insurance group.
Zurich pulls out of RBSI bidding
Zurich Financial Services Group has confirmed today that it has been considering making a bid for the insurance business of Royal Bank of Scotland and has carried out a detailed review of the opportunities.
Nature lovers
Royal Bank of Scotland Insurance staff have gone back to nature to restore woodland at a bird reserv...
Marsh boosts renewable energy team
Marsh has made several appointments in its renewable energy practice in London.
Ex-AIG chief Sullivan resigns from board of Transatlantic Holdings
Transatlantic Holdings, the US reinsurer, has said that its chairman Martin Sullivan, has resigned from the Board, effective today.