Insurer
Northern businesses suffer higher insolvency rates
The north to south divide is widening when it comes to business failure, according to Experian’s latest insolvency index.
UK GI premiums reach £46.4bn
Net worldwide premium income of the UK insurance sector has fallen for the third year running in 2010 to £198.7bn.
Government investigates credit ratings agencies
The Treasury Committee has launched an investigation into credit rating agencies questioning the transparency and soundness of their methodologies.
Beazley back in for Hardy
Beazley has reafirmed its interest in acquiring Hardy.
Equity Red Star appoints new motor fleet underwriter
Equity Red Star has appointed Andrew Dodd as motor fleet class underwriter.
Jubilee chief in sudden departure
Jubilee Group Holdings (Jubilee) has announced that Andreas Loucaides, CEO of Jubilee Managing Agency, has left the business with immediate effect.
Arc slams MoJ employment tribunal fees proposals
Arc Legal Assistance has called on the Ministry of Justice (MoJ) to rethink proposals to charge individuals fees of up to £2,000 or more to bring employment tribunal cases.
Tokio Marine continues with regional focus
Tokio Marine Europe Insurance has made two additions to its UK underwriting team.
MEP objects to ECJ gender ban
Marina Yannakoudakis, a Conservative MEP, has raised objections to the European Court of Justice's (ECJ) ruling banning insurers from using gender to rate risks.
Axa offloads Denplan to rival firm
Axa has sold its Denplan business to the Simplyhealth Group for £115m.
Zurich launches new product through aggregator
Zurich has launched a new online motor insurance product, which will be available direct via the insurer’s website and through Confused.com.
Brit streamlines business ahead of possible sale
Brit Insurance Holdings has confirmed that from the beginning of 2012, all of the group’s reinsurance and specialty business will be written by Lloyd’s Syndicate 2987 (managed by Brit Syndicates Limited).
Liberty Mutual appoints chief underwriter
Liberty Mutual Insurance (LMI) has appointed a new chief underwriter of its commercial operations.
AEGIS brings in new non-exec
AEGIS London has appointed former HCC chief underwriter as non-executive director.
Towergate Underwriting builds corporate partnership team
Towergate Underwriting has appointed Eileen McFadden as corporate partner development manager.
Quinn's wife ordered to repay €3m loan
Patricia Quinn, wife of bankrupt businessman Sean Quinn, has been ordered to repay more than €3m (£2.6m), to the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, according to the Irish Times.
Insurance Age blog: Go compare
I don’t often get the chance to write about lovely Norn Iron (say Northern Ireland in the accent if you don’t get it), the place where I was born, grew up, and will very soon be heading back to for a typically hectic Christmas, therefore when I see an…
Quinn family continue to fight €2.3bn loan claim
The wife of bankrupt businessman Sean Quinn claims she does not have to repay a €3m bank loan because she is a homemaker, was unduly influenced by her husband and regularly signed documents he put in front of her without reading them.
RAC loses managing director
Angela Seymour-Jackson has resigned from the managing director role at RAC and will be leaving the group in January 2012 to pursue other business interests.
Groupama clings on to investment grade status as Aviva is monitored
Groupama SA has suffered a further downgrade to its credit rating as Standard & Poor’s (S&P) lowered the insurer’s status from BBB to BBB-, the final grade before junk bond status.
ABI questions Ombudsman's publishing policy
The Association of British Insurers (ABI) has questioned the Ombudsman’s policy of publishing all its decisions.
Canopius appoints new UK chief
Canopius Group has appointed a new group chief executive responsible for the UK business.
Three new directors for MGAA
The Managing General Agents Association (MGAA) has appointed three new directors to its board.
Groupama claims financial strength boost with sales
Groupama SA is to sell its share in real estate company Silic to government owned finance organisation Caisse des Dépôts (CDC) who will also be making a €300m (£251.9m) investment in the French insurer.