Insurer
Aviva reveals cost of recruiting UK CEO
Trevor Matthews, UK CEO at Aviva, received £2.49m in cash and shares from Aviva as part of his compensation package for leaving Friends Life, the insurer has revealed in its Report and Accounts for 2011.
RSA appoints trading director in SME push
RSA has appointed David Swigciski as SME trading director reporting to SME commercial director Tara Kneafsey as of April this year.
Budget reforms 'strongly welcomed' by ABI
The Association of British Insurers (ABI) has welcomed many of the changes revealed in today’s budget, despite the fact they will have little direct impact on the insurance industry.
CNA reaches agreement with Hardy board to acquire the business
US insurer CNA has acquired Hardy Underwriting for £143m in cash.
Mondial Assistance in partnership with luxury travel company
Mondial Assistance has struck a deal to sell travel insurance via Voyage Privé’s website.
Ex-Aviva chief lined-up to chair Direct Line flotation
Mike Biggs, former finance director at Aviva and current chairman of life assurance consolidation group Resolution, has been offered the chairmanship role at Direct line, a series of newspapers have reported.
Incisive Media's Budget Day Live
Incisive Media’s impressive range of brands serving the financial services sector is collaborating from 3pm onwards today to bring you analysis of and reaction to George Osborne’s Budget Statement.
Ecclesiastical posts losses for 2011
Ecclesiastical has reported a pre-tax group loss of £7.7m for 2011, compared with £50.4m profit in 2010.
Barbican acquires PI Protect
Barbican Group has bought Manchester-based managing general agency Professional Indemnity Protect.
Aviva promotes from within for broker focused underwriting chief
Aviva has appointed Ian Ferguson to the role of chief underwriting officer for intermediary and partnerships with responsibility for driving the focus on underwriting across the broker channel whilst delivering profitable growth.
Fitch maintains negative outlook on Groupama SA
Fitch Ratings has affirmed Groupama SA’s Insurer Financial Strength rating at BBB, outlook negative.
Groupama's UK results bring delight and frustration for CEO
Groupama UK’s chief executive, François-Xavier Boisseau, has admitted that his satisfaction at producing record levels of profit in 2011 has been tempered by the sale process forced upon the insurer by its French parent.
Bloomer puts down roots at UK General
UK General has appointed ex-Ecclesiastical schemes director Tony Bloomer as head of commercial schemes.
UK businesses increasingly pessimistic according to survey
A survey carried out on behalf of QBE has revealed that 77% of UK businesses expect a full economic recovery will take at least two years, a 7% increase on last year’s figure.
HDI-Gerling hires liability underwriter from rival
HDI-Gerling has signed a new liability underwriter as the industrial specialist bids to grow its international portfolio.
Groupama delivers record profits but sees revenues dip
Groupama UK has experienced a huge upswing in profitability for the second year in a row delivering £43.5m in 2011 against £23.7m in 2010, itself a huge improvement on the previous year (2009: £14.1m).
XL sues client over "false" policy application
XL Group is suing one of its clients, hedge fund Level Global, for $7.45m ($4.74m) for allegedly making misrepresentations when purchasing an insurance policy.
Mitsui makes move in construction market
Mitsui Sumitomo has strengthened its construction capabilities with a new appointment.
One in ten young professionals take out no insurance
One in ten young professionals would rather “take the risk” than spend money on insurance, a new study has revealed.
Canopius hit hard by catastrophe losses
Canopius has suffered a tough 2011 posting a multi-million pound loss and a three figure combined operating ratio (COR).
Admiral identifies £250,000 worth of potential fraud
Admiral has identified a quarter of a million pounds worth of potential fraud in just nine days following the implementation of a new claims fraud system.
Arista makes fleet underwriting appointments
Arista Insurance has made two new appointments to its fleet team in Birmingham.
Ink increases South West presence with new Bristol office
Ink Insurance has opened a new Bristol office and appointed Janice Whitelock as regional underwriting manager.
Brightside's Holman hits out at slow approach to DVLA access
Brightside Group has hit out at the insurance industry for not securing access to the DVLA database sooner than it is.