Insurer
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.
Mazars predicts £1.5bn loss at Lloyd’s
Accountancy firm Mazar’s has warned that 2011 is on course to be the most expensive catastrophe year on record and that Lloyd’s combined operating ratio is set to exceed 120% for the first half of the year.
Judge accuses RSA firm of fabricating repair costs
RSA has been accused by a county court judge of artificially inflating repair costs charged to other insurers.
Pair jailed for £2m 'crash for cash' scam
Two brothers who benefited by almost £1m each from 'crash for cash' scams have been jailed for a combined period of 11 years.
Chubb appoints new UK and Ireland manager
Chubb Europe has appointed Jeremy Miles as UK and Ireland manager.
HSBC in insurance sell-off
HSBC is to sell its general insurance business as part of the bank’s plan to strip away non-core units.
Travelers makes further additions to professional risks management team
Travelers Insurance Company has promoted Richard Coello to assistant general manager for professional risks.
RSA appoints former Aegon CFO to board
RSA Insurance Group has appointed Jos Streppel to its board as a non-executive director as of 3 October 2011.
Arista makes further commitment to Birmingham
Arista Insurance has appointed former Towergate underwriter Gemma Bradshaw to its Birmingham office.
MGAA continues with recruitment drive
The chairman of the Managing General Agents’ Association (MGAA) steering committee has vowed to continue recruiting members following the association’s launch last week.
Referral fee ban could be catastrophic for brokers
Industry experts have warned that brokers reliant on an income stream from referral fees could find the government’s ban disastrous for their business.