Insurer
Through luck and determination
Stuart Rouse, financial director of Towergate Underwriting, speaks to Tanya Powley about his rise through the ranks and why he chose insurance over the 'big four'
Equity recruits new claims boss
Equity Insurance has appointed Phil Anderson as its new claims managing director. He will also take up a position in the group's executive committee.
Lark acquires Ascot Insurance Brokers
Lark Group has acquired Berkshire general broker, Ascot Insurance Brokers.
Bollington confirms FM Green talks
The Bollington Group is in talks to acquire FM Green & Company Insurance Brokers, as revealed in Post Magazine yesterday. The two companies have signed Heads of Agreement, and the due diligence process is underway.
RFIB appoints two for Eastern Bloc and India push
RFIB Group has hired two new directors for its international reinsurance business.
Admiral records marginal rate rises as profits jump 24%
Admiral this morning reported a 24% jump in profit before tax to 68.7m pounds for the first half of 2006, with turnover up 12% to 359.2m pounds. Its combined operating ratio worsened slightly to 87.0% (2005 86.5%).
Former Aviva and NFU director joins Fortis board
Fortis Insurance has appointed Bob Newton as a non-executive director.
New marketing boss at Axa UK
Olivier Mariée is joining Axa UK on September 1 in the newly created role of group marketing director reporting directly to the chief executive of AXA UK, Nicolas Moreau. He also becomes a member of the Axa UK executive committee.
Cobra sign 100th member
COBRA Network has announced that they have signed member number 100 following successful applications from CCS Insurance Services Limited in Woking, Surrey, Lynas Vokes (Financial Services) Limited in Holbeach, Lincolnshire and Rigton Insurance Services…
Willis creates global energy unit
Willis has formed a world-wide, multi-disciplinary business serving the oil and gas industry.
Converium stabilisation continues in Q2
Swiss reinsurer Converium has reported increased net income, shareholders’ equity and return on equity in the second quarter of 2006.
Jelf appoints Canwell as corporate healthcare MD
Jelf Group has appointed Mark Canwell as managing director of Jelf Corporate Healthcare.
S&P warns of price pressure in UK motor
The UK motor industry has enjoyed a period of stability and profitability over the past few years, but this will not continue without price rises, according to a report " U.K. Motor Market Continues To Report Profits, But Underlying Data Show Significant…
Heath Lambert group CEO toasts independence
Heath Lambert today reported a profit before interest, taxation and amortisation (PBITA) was up 19% to £8.6m for the first six months of 2006. UK Income was up 8% year on year, despite softening markets and the loss of revenue streams through divestments…
Lloyds TSB Insurance buys Pearl's GI book
Lloyds TSB Insurance has acquired the new and existing general insurance business of Pearl Group.
Jelf to sell AUA to Higos
Aim listed broker Jelf group has announced it will sell the existing book of business, including the database of supporting retail brokers, of underwriting agency AUA to Higos Insurance Services. The transaction is due to complete on 31 July 2006.
Fitch affirms Aviva ratings
Fitch Ratings has affirmed the Insurer Financial Strength ratings of Aviva's main UK life insurance operating subsidiaries at 'AA'.
Aviva boss Harvey hails deal as "important strategic move"
Norwich Union's parent Aviva has announced that it has agreed to acquire AmerUs Group in a transaction recommended by the board of AmerUs, for approximately $2.9 bn (£1.6 bn) in cash, financed by a £900m equity placing, internal resources and external…
NU parent Aviva admits new merger talks
Norwich Union's parent Aviva this morning confirmed that it is in discussions which may lead to it making another acquisition.
Layton Blackham reports improved performance
Broker Layton Blackham has released its 2005 results, reporting increased growth, improved profitability and profit (before the amortisation of goodwill) up by 32% to £2.5m.
Layton Blackham acquires in West Midlands
Layton Blackham has announced the acquisition of Cox Hepburn Insurance Services.
UKI lays off 100 staff
Royal Bank of Scotland Insurance’s subsidiary UKI Partnerships has made around 100 staff redundant, following a review of the company’s operations.
Towergate brings in new finance director
Towergate has announced the appointment of Ian Patrick as group finance director. Patrick's most recent position was group finance and operations director at Highway Insurance.
RBSI boasts of increased income despite competition
Royal Bank of Scotland this morning hailed the performance of its insurance division in the first quarter of 2006.