Insurer
Inga Beale lands M&A job at Zurich
Global insurer Zurich has announced that former Converium chief executive Inga Beale will join the company as head of organisational transformation management and mergers & acquisitions as of January 1, 2008.
Jelf unveils network plan
Jelf has launched a collaboration between the group and experienced network professional, Bob Parkins called The Purple Partnership.
Boisseau steps up as Lefevre quits Groupama UK
Pierre Lefèvre has been appointed as chief of Groupama’s Italian subsidiary companies: Groupama Assicurazioni, Groupama Vita and the newly acquired Nuova Tirrena.
Reshuffle boost for Venture Preference
Venture Preference - Axa’s broker subsidiary - has announced its first four senior appointments since the purchase of Stuart Alexander, Layton Blackman and Smart and Cook.
Cobra makes £4.3m broker acquisition
Cobra has today announced the £4.3m acquisition of UKI Holdings and its subsidiary, UK & Ireland Insurance Services, a Manchester-based general insurance brokerage specialising in commercial construction insurance.
Endurance takes Converium CUO for Asia push
Bermudian (re)insurer Endurance has announced that Patrick Aeschbacher is to join Endurance Worldwide Reinsurance to develop reinsurance business in Asia and Australia.
London Market Reform Group appoints new head
Stephen Matanle, global placement leader at Marsh and chairman of the London Market Insurance Brokers’ Committee, is to become chairman of the London Market Reform Group.
Axiom appoints CEO
Run off consultancy Axiom has hired Tim Riddell as its chief executive officer with effect from 1st December 2007. He is currently managing director of Axiom’s Financial Reporting Services Team having joined from Argenta Syndicate Management Limited in…
Tesco Compare innovator joins broker
Fortis broking subsidiary OutRight has appointed Geoff Carter as managing director.
Lloyd's bosses hail first half performance
Lloyd’s has reported a before tax of £1.8bn for the six months to 30 June (2006: £1.35bn).
Interview - Declaration of independence
Lord Hunt of Wirral was crowned president of the Chartered Insurance Institute almost without ceremony after the canning of its annual conference. Ralph Savage finds the CII and its new president in an ambitious frame of mind
US P&C 1H net income up 10%, but competition intensifies
The US property/casualty insurance industry’s net income after taxes rose 10.7% to $32.6bn in first-half 2007 from $29.4bn in first-half 2006, according to figures from ISO and the Property Casualty Insurers Association of America (PCI).
Poor management blamed for workplace bullying
Two thirds of managers believe that lack of management skills is the major factor contributing to bu...
UKGI partners with MMA
UKGI has entered into a new partnership arrangement with MMA Insurance, which will allow UKGI members to gain direct acces to MMA's range of products.
Axa buys fourth major independent broker
Axa UK has acquired independent commercial broker, The Davis Group, its fourth major deal in eight months.
Broker Network unveils buy number 20
Broker Network has completed its twentieth acquisition, Sullivan Garrett.
Hiscox buys into PI broker Allison and Partners
Hiscox has bought 49% of UK Professional Indemnity broker and underwriting agency, Allison and Partners Insurance Services. The deal includes an option to buy the remaining 51% in the future.
Axa puts first half weather loss at £115m as UK GI profit drops £41m
Axa UK reported revenues in general insurance of £1.86 bn for the first half of 2007, up 9% on the same period in 2006 (£1.71bn). However, its profit and combined operating ratio were impacted as a result of £115m weather losses.
RBSI reports 14% drop in partnership and broker business
Royal Bank of Scotland Insurance this morning said results in the first half were held back by the £125m impact of June's floods, with operating profit falling by 27% to £255m.
Cobra makes post AIM acquisition
Cobra Holdings has exercised an option to acquire the share capital of commercial broker Tubbs Insurance Services.
Budget rebrands holding company
The Budget Group of Companies has changed its name to the BGL Group. The name change aims to reflect the increasing number of operating divisions, with six brands including: Budget & Dial, Junction, comparethemarket.com, Bennetts, Fusion and ACM ULR.