Insurer
Ex-Willis Networks MD Phil Scarrett joins ECIC
Phil Scarrett has been appointed as sales and marketing director for the Electrical Contractors’ Insurance Company (ECIC).
Ascot latest to blame catastrophes for poor set of results
Ascot Underwriting has reported a £12.6m loss for 2011, down over £100m on its pre-tax profit of £97.1m in 2010.
MMA appoints BDM for North East
MMA Insurance has appointed Alexandra Thomson as business development manager for the North East working closely with the insurer’s regional office in Newcastle.
Hiscox expands HNW motor capability
Hiscox has strengthened its UK art and private client division with three motor appointments.
Axa confirms Maidstone branch leader
Axa Commercial Lines has promoted Paul Wouldham to branch sales manager to lead the team at its Maidstone branch which opens on 4 April.
Lloyd's losses expected to approach £1bn as catastrophes bite
Lloyd’s is expected to report a near-£1bn loss in 2011 as the Japanese tsunami and Australian floods take their toll on the market.
Aviva raids RSA for new underwriting chief in personal and commercial lines shake-up
Aviva has appointed new heads of underwriting for both personal and commercial lines.
Ex-Aviva FD confirmed as Direct Line chairman
Royal Bank of Scotland has appointed Mike Biggs as chairman of Direct Line Group.
Brightside posts record results for ninth consecutive year
Brightside Group has reported an almost 35% increase in profit, to £13.6m in 2011 from £10.1m in 2010
Credit insurers better placed than 2008, says Moody’s
Moody’s has described credit insurers as “more resilient to losses than in the 2008 crisis”, but warned that there were still potential problems.
Budget 2012 Video: spotlight on insurance
Incisive Media editorial director James Gosling spoke to Jonathan Evans MP about the effect of the 2012 Budget on the insurance industry.
UK Broker Summit 2012: Budget is good news for brokers
Chancellor George Osborne’s budget, delivered yesterday, is “good news” for the insurance industry, according to Stephen Archer of Spring Partnerships.
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.