Insurer
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Axa UK 's chief executive Peter Hubbard has resigned "to pursue other interests" and has been replaced by Philippe Maso y Guell Rivet with immediate effect.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.
Allianz pre-tax profits fall to £197m
Property and liability rates are showing the first signs of hardening, according to Allianz chief executive Andrew Torrance.
Willis Re wins broking account for Norwich Union
Willis Re has won the account to exclusively broker reinsurance for Norwich Union, Reinsurance Magazine has learned.
Aon outlines industry challenges
In a keynote speech at the Insurance Institute of London, Peter Harmer, Aon's UK chief executive, countered criticism that the insurance industry is becoming less relevant.
Ace recruits senior duo
Ace has announced the appointment of two new senior underwriters in its Glasgow branch.
Venture Preference unveils senior team
Stuart Reid has unveiled the management board for Venture Preference after being appointed sole chief executive of the Axa owned broker subsidiary a month ago.
Groupama boss calls for "sanity" rather than the "vanity of a dash for growth"
Groupama Insurances reported profits of £23.1m for 2007 (2006: £33.8 million). The results were impacted by exceptional storm and flood losses in January, June and July totalling £18.4m (£14.4m net of reinsurance).
New broker wins award
Start-up broker Prizm Solutions has been named Midlands small business of the year 2008 after only 1...
Aon moves to a global platform with Risk Services
Global broker Aon has announced the firm is integrating its worldwide risk and insurance brokerage operations into a single global business, Aon Risk Services, with more than 26 000 colleagues in 120 countries and more than $5bn in revenues