Insurer
Groupama confirms pension fund injection ahead of sale
Groupama SA has confirmed that ahead of completion of the Ageas deal, £40m will be injected by Groupama Insurance Company Limited (GICL) into the pension fund which will be subsequently transferred to Groupama SA.
Fitch rates Allianz as stable
Fitch Ratings has confirmed Allianz SE’s insurer financial strength and long-term default rating as AA- with a stable outlook.
Ageas UK confirms Groupama buy
Ageas has signed up to buy Groupama Insurance Company Limited (GICL) for £116m.
Park Insurance bolsters medical indemnity with MIR swoop
Park Insurance Group has snapped up specialist medical insurance company Medical Indemnity Register (MIR) in a bid to offer a "uniquely tailored and specialist service"
Sagicor targets brokers with business travel and accident product
Sagicor Underwriting has launched a group personal accident and business travel product in a bid to reduce financial loss and business disruption.
Broker in Aviva deal to offer free risk management service
Alan & Thomas Insurance Group has partnered with Aviva Risk Management Solutions to offer its commercial clients free access to risk management tools and services.
Amlin downgraded after deterioration of "key financial metrics"
Ratings agency Moody's has downgraded Amlin's subordinated debt ratings (SDR) and the insurance financial strength rating (IFSR) of its Lloyd's syndicate.
Swiftcover racks up £10m loss for 2011
Swiftcover Insurance Services recorded a £10.7m post-tax loss for the year ended 31 December 2011, a substantial fall from the £291,000 profit recorded for the previous year.
Aspen unveils new cyber covers
Aspen Risk Management has launched a range of insurance policies to help companies protect against the emerging risks relating to computers, data and cyber-crime.
Insurers ready to seize RSA's former motor trade business
Insurers are poised to pounce on RSA's former business following its decision to withdraw from the motor trade market.
Beazley links up with Evolution for PI
Beazley has signed up with Evolution Underwriting to provide Evolution’s broker panel exclusive access to capacity for UK-based professional indemnity risks with fee income of less than £35m.
Groupama announces extra social media workshops
Groupama Insurances is set to roll out a series of free one-day workshops designed to help brokers embrace social media.
RSA pulls out of motor trade market and agrees sale of Fyfe
RSA has confirmed that it is pulling out of the motor trade market, and will stop writing new business with immediate effect.
LV nabs ex-RBS man as management information director
LV has snapped up Simon Aldred as director of management information for its general insurance (GI) business.
LV Broker adds ABC home product to BGL panels
LV Broker has extended its partnership with BGL Group to launch its ABC home insurance product to Budget and Dial Direct customers.
Plus ça change but will it be the même chose?
Last Friday Ageas announced that it was in exclusive talks with Groupama about the UK business. The latter had been formally on the market since the start of this year and linked with pretty much every provider going, private equity and MBOs.
Ageas extends deal with John Lewis to provide travel cover
Ageas has extended its partnership with John Lewis Insurance to provide travel cover.
Arista boosts regional broker support with appointment
Arista Insurance has appointed Caroline Hargreaves as development underwriter for the Thames Valley region.
Direct Line confirms float plans
Direct Line Group (DLG) has announced it will seek a flotation on the London Stock Exchange.
Former Quinn directors could face reckless trading action
Quinn Insurance’s former directors could face legal action for reckless trading, according to the outgoing head of corporate enforcement in Ireland.
Cyber risk expert warns of 'landscape' change
Increased scrutiny and European regulatory changes will soon "change the landscape" of cyber risk insurance.
Aspen appoints new PI chief to create new products
Aspen Risk Management (ARML) has appointed Lee Chelton as head of regional professional indemnity (PI).
ABI register to provide insurers with details of known fraudsters
The Association of British Insurers (ABI) has launched the Insurance Fraud Register, to make details of all known insurance fraudsters in the UK available to insurers.
Oxford Insurance MD opts for CFC
Oxford Insurance Brokers managing director (MD) Neill Cotton is set to assume a senior management role with CFC.