Insurer
Axa, Allianz and QBE in the frame for HSBC
Allianz and Axa are among the potential bidders for HSBC’s general insurance business, according to reports.
Amlin makes senior board appointment
Amlin has appointed Sir Alan Collins as an independent non-executive director with effect from 14 November.
APC launches two new products
APC is to replace its current property owner’s products with new residential and commercial landlord’s products.
Novae enhances online product offering
Novae has added three new areas of cover to its online offering to brokers.
ABI issues guidance on company boards and pay
The Association of British Insurers (ABI) has published its first report on Board Effectiveness and issued revised principles of executive remuneration.
ECIC targets regional growth
The Electrical Contractors’ Insurance Company (ECIC) has recruited John Flaherty as a regional business development executive for the Midlands, Wales and South-West England.
Cigna acquires FirstAssist
Global health insurer Cigna has agreed to buy FirstAssist Insurance Services from Barclays Private Equity.
Liberty adds to European management
Liberty International Underwriters in Europe (LIU Europe) has appointed Guy Williams as head of D&O and financial institutions (FI).
A.M. Best warns of need for rate rises
A.M. Best has warned that UK insurers’ ability to subsidise weak accident-year returns with reserve releases has been reduced and called for corrective pricing.
SSP appoints insurer division MD
Stephen Lathrope has been appointed as managing director of SSP's insurer division.
Boardroom shuffle at Ryan Speciality following Jubilee purchase
Ryan Specialty Group (RSG) has announced a number of board changes following the completion of the Jubilee Group Holdings acquisition.
Equity targets large accounts with dedicated team
Equity Red Star has established a national broker relationship management team dedicated to its largest broker accounts.
Consolidation on the way in robust London Market, says KPMG
Research from KPMG has found that the London insurance market is holding up well despite the high volume of large claims it has faced.
Trust more important than price when choosing insurer
Brand recognition is a more important factor than price when consumers choose an insurer on aggregators, according to new research.
Aviva refuses to deny job losses in Ireland
Aviva Ireland has refused to confirm or deny that it is set to slash 500 jobs from its Irish operation.
Breedon to leave L&G
Legal & General (L&G) has announced that group chief executive, Tim Breedon, will be retiring from the company at the end of 2012.
Groupama defends “immediate” notification Toba changes
Groupama has defended the changes to its terms of business agreements (Toba), issued to brokers on 20 September, which require brokers to inform the insurer immediately about fault claims.
Mazars responds to Lloyd’s results
Mazars has described the £697m half year loss by Lloyd’s as a good result having predicted a £1.5bn loss and combined operation ratio of over 120% for the specialist insurance market.
Lloyd’s losses hit £697m
Lloyd’s has revealed a loss of £697m for the first six months of 2011 compared to a profit of £628m in the same period of 2010.
New legal counsel for RBSI
RBS Insurance (RBSI) has announced the appointment of Humphrey Tomlinson as general counsel and company secretary.
RSA appoints new head of group legal
RSA has announced the promotion of Charlotte Heiss to head of group legal at its Group Corporate Centre.
Lloyd's underwriter moves to replace capacity
Glemham Underwriting has secured new capacity five months after it parted ways with previous provider, Barbican.
XL looks to Axa and Zurich to broaden middle market appetite
XL Insurance has broadened its appetite in the mid market space by opening up its offering to business with a turnover of between £25m-£250m.
Liberty Syndicates appoints new chairman
Lloyd's managing agent Liberty Syndicates has appointed Keith Nicholson as non-executive chairman replacing the retiring Brian Fitzgerald.