Insurer
Aviva and Allianz buy into broker Jelf
Allianz Cornhill and Aviva have both bought stakes worth 10.1% in total in consolidator Jelf. The broker's share price has risen 6pence to 267 on the news.
Groupama makes £33.8m profit
Groupama has announced total revenues during 2006 rose 20% to £412.5m and the insurer has reported record pre-tax profits of £33.8m.
Lloyd's gets green light from Chinese regulator
Lloyd's announced today that it has received the formal licence document from the Chinese regulators to begin operations for its new reinsurance company in Shanghai, Lloyd's Reinsurance Company China Limited (LRCCL).
Finsure rebrands to RBS Finsure
Broking is tougher now than ever before, according to 94 % of insurance brokers.
Broker Jelf forms partnership with Lloyd & Whyte
Broker Jelf Group and the Lloyd & Whyte Group have today announced formation of a strategic alliance which aims to leverage respective areas of expertise across both groups.
Stuart Alexander acquires two brokers
Stuart Alexander has completed the purchase of two insurance brokers, Helm Group UK Plc and JTC.
CII members mentor Prince's Trust youngsters
Eight Chartered Insurance Institute members have been recruited to work with The Prince's Trust char...
Budget creates 600 jobs with new office
Personal lines broking giant Budget Group has opened an additional contact centre in Peterlee creating 600 jobs
ZFS CEO open to acquisitions as it reports $3.8bn GI profit
Zurich Financial Services has reported general insurance gross written premiums and policy fees of US$34.2bn, an increase of 2% (in local currencies), and a combined ratio of 94.2%, an improvement of 6.6 percentage points, for 2006.
Axa confirms Swiftcover buy
AXA UK announced today that it is to acquire the UK’s only 100% online insurer, swiftcover.com, jointly owned by international insurer Primary Group and Swiftcover’s management. The transaction is subject to the satisfaction or waiver of certain…
Axa linked with Swiftcover acquisition
Axa Insurance is understood to be making a return to the direct personal market, buying online motor insurer Swiftcover in a surprise deal.
White appointed to Deputy chair at Lloyd's
The boss of Lloyd's names' agency Argenta has been appointed deputy chairman of Lloyd's to replace Bronek Masojada. Graham White, executive director of Argenta Private Capital was appointed today, following the end of the Hiscox chief executive's term of…
Aon acquires Footman James
Broking giant Aon has announced that it has completed the acquisition of Footman James from Alchemy Partners Limited. The terms of the transaction are not disclosed.
Willis UK boss steps down
Willis has announced the retirement of Richard Bucknall, vice chairman of the group and chairman and CEO of Willis' UK business unit. He will step down on 31 March and will continue in an advisory role through the end of the year.
Indie hearing: Bright and Condon face the camera
Micheal John Bright, former company chairman and managing director of Independent Insurance and Philip John Condon, former deputy managing director, were filmed as they entered Southwark Crown Court for this week's preparatory hearing.
Mahoney off to Bermuda
Broking giant Aon has announced the creation of a new business unit to be called Aon Global. Dennis Mahoney will assume the role of chairman for Aon Global, while Steve McGill will be the new unit’s chief executive.
Broking boss throws down gauntlet
An international broking boss has challenged the industry to aim higher.