Insurer
Allianz reports dip in profits
Allianz has revealed its results for the first quarter of 2008, with profit before tax falling 13% to £42.3m on the same period last year.
Axa Corporate Solutions reports £1.4bn turnover
Axa Corporate Solutions has reported a turnover of €1.8bn (£1.42bn) during 2007 marking an increase of 7%.
Hiscox appoints Michael Gould as new COO
Hiscox has announced the appointment of Michael Gould to the role of chief operating officer, effective 9 June 2008.
Consortium formed for RBSI bid say sources
A private-equity consortium is being formed to explore a bid for Royal Bank of Scotland's insurance assets, according to a report in the Financial Times.
Aon UK CEO Harmer to be named as Market Reform Group chairman - sources
Aon UK chief executive Peter Harmer will be named as the new chairman of the Market Reform Group, Reinsurance understands.
AIG holds talks over RBSI buyout say sources
AIG has held preliminary talks with Royal Bank of Scotland about the buyout of the UK’s bank’s insurance operations, sources close to the situation told Reinsurance Magazine.
RBS confirms plan to raise £4bn with insurance business sell off
Royal Bank of Scotland has confirmed that it plans to sell part or all of its insurance business in an effort to bolster its balance sheet. The move is expected to raise around £4bn.
Heath Lambert and Cooper Gay in acquisition talks
Cooper Gay and Heath Lambert have confirmed they are in talks about Cooper Gay acquiring Heath's aviation, global business solutions, FSJ and reinsurance divisions.
RBS issues statement as it is linked with insurance sell off
Speculation has resurfaced that Royal Bank of Scotland could sell its insurance business as it looks to bolster its balance sheet.
PB Week: All change at Axa
Blimey. Senior management changes are like buses at Axa. There are none for ages and then two come along at once. First, Peter Hubbard suddenly announces he is leaving Axa to “pursue other interests”, then Mark Cliff, markets managing director, declares…
Axiom makes board promotion
Danny Maleary has been promoted to the board of Axiom Consulting, the (re) insurance business support firm.
Cliff leaves Axa
Axa Insurance has confirmed to Post that Mark Cliff, markets managing director, has left the insurer with immediate effect. The company said a fuller statement would follow shortly.
Hubbard quits Axa
Axa UK 's chief executive Peter Hubbard has resigned "to pursue other interests" and has been replaced by Philippe Maso y Guell Rivet with immediate effect.
Lark in Grosvenor acquisition
Lark Group has acquired Grosvenor Court Insurance Services for an undisclosed sum.
CGT count down: Cobra adds four businesses
Broking group Cobra has quired four businesses comprising of three insurance broking entities, Giles (Alton) Ltd (“Giles”), J.K. Lee Limited (“JKL”), G.D.K Insurance Services Limited (“GKD”) and an underwriting agency, County Insurance Services Schemes (…
CGT count down: Jelf acquires Argyll
Jelf Group has entered into agreements to acquire the entire issued share capital of Argyll Insurance.
Groupama acquires Choicequote
Groupama UK has confirmed that its GAN UK subsidiary has completed the purchase of Choicequote Insurance Services for an undisclosed sum. The change of ownership has received formal regulatory approval from the FSA.
Teceris boosts liability division with former loss adjusting MD
Teceris have recruited Andy Merchant to its liability division as senior technical liability adjuster. Mr Merchant will be taking up the new position this month and will be based at the Teceris offices in Glasgow.
Aviva's Moss hails capture of new European CEO
Norwich Union's parent Aviva has appointed Andrea Moneta as chief executive officer, Aviva Europe. He is currently managing director of Dubai Financial Group and will join Aviva on 1 July.
Cooper Gay acquires Creechurch
Cooper Gay has acquired Canadian managing general agent Creechurch International Underwriters.
Darwin Rhodes enters Scottish market
Insurance recruitment company Darwin Rhodes has made its first move into Scotland with the acquisition of Glasgow-based recruitment firm Beck Cowan.
Hardy sings success of Bermuda move
Hardy Underwriting has a record pre-tax profit of £18.3m (2006: £16.8m) following its parent company's redomiciliation to Bermuda.