Insurer
Post Intelligence – company profile: Kraft Foods
In October 2012 Mondelez International spun off Kraft and it listed on Nasdaq. Valued at around $32bn, Kraft has implemented a restructuring programme to help it survive as a standalone company.
Post Intelligence – company profile: Yum Brands
Yum has nearly 37 000 restaurants globally, including Taco Bell, KFC and Pizza Hut.
Post Intelligence – company profile: Eli Lilly and Company
Some of the Groups major drugs will all lose patent protection between 2011 and 2013.
Post Intelligence – company profile: Lenovo Group
With revenues touching $34bn, Lenovo is said to be the second largest PC vendor in the world.
Post Intelligence – company profile: ExxonMobil Corporation
ExxonMobil plans to double its exploration acreage and to invest about $190bn over the next five years.
Post Intelligence – company profile: Geely Holdings
A name becoming more prevalent in the UK since taking over Manganese Bronze, the maker of the infamous 'London Black Cab'.
Post Intelligence – company profile: Standard Chartered Bank
With an operating income of $19bn the Group is targeting double-digit income growth. Standard Chartered is looking to bolster its wealth management presence in India through acquisitions.
Post Intelligence – company profile: Citic Securities Company
China based Citic Securities is a listed financial services company with revenues of circa £1.4bn.
Post Intelligence – company profile: Ford Motor Company
Signs are that Ford is on the road to recovery with revenues of $134bn and a net income of $5.7bn.
Post Intelligence – company profile: Hewlett-Packard Company
Hewlett Packard Company continues to struggle to turn its fortunes away from hardware to software. As part of a restructuring programme HP expects to lose 29,000 staff.
A round of applause
August is normally the silly season. The obsession with Jeremy Paxman’s beard in the national media shows the tradition is thankfully alive and well.
Goldhawk departs HCC
HCC senior underwriter Robert Goldhawk has left the insurer, Insurance Age can reveal.
LV replaces Zurich as sole provider for Caravanwise
LV Broker has been appointed as sole insurance provider for specialist broker Caravanwise.
Flash-for-crash warning for motorists
Accident investigation firm APU has warned motorists of a new tactic being employed by criminals running ‘crash for cash’ fraud rings.
Zurich's Steve Lewis calls for better underwriting discipline across the market
Steve Lewis, CEO of Zurich’s UK general insurance (GI) business, has stated that he is “extremely pleased” with the provider’s results for the first six months of 2013.
Aon and QBE aim to snap up more solicitors' PI business after XL withdrawal
Aon Risk Solutions has extended its exclusive arrangement with QBE Insurance (Europe) for solicitors’ professional indemnity (PI) to include one to three partner firms.
Powerplace makes twin regional appointments
PowerPlace has made a double appointment to expand its business development team.
Xbroker unveils new senior fleet underwriter
Niche commercial underwriting specialist Xbroker has snapped up David Grimsey as senior fleet underwriter.
Zurich UK GI sees £20m GWP drop while profit and COR improve
Zurich UK’s general insurance (GI) business has reported a £20m drop in gross written premium (GWP) for the six months to June 2013.
Sterling moves for former Aviva account manager
Sterling Insurance has named former Aviva account manager Gerard Hamilton as regional development manager for Scotland.
What The Papers Say: August 2013
Former editor Martin Friel joins the Insurance Age panel this month to review the past month’s stories in general insurance broking.
Insurecom sale was a "customer-centric" deal
Insurecom's sale to US partner Applied Systems has been described by the UK firm's new vice president as a "customer-centric" deal.
Insurecom bought by US partner Applied Systems
Insurecom has been bought by US-based partner and fellow software company Applied Systems, Insurance Age can reveal.
Ecclesiastical achieves chartered status
Ecclesiastical has been awarded chartered insurer status by the Chartered Insurance Institute (CII) for its UK operations.