News
Profits slump at Catlin
Catlin Group has seen pre-tax profits for 2011 tumble to $71m (£44.8m) from $406m the year before, as its combined operating ratio punched through the 100 barrier to reach 102.6% (2010: 89.8%).
RSA CEO vows to simplify business
Adrian Brown, UK and Western Europe CEO at RSA, has announced plans to simplify the business in order to get closer to brokers and consumers.
Network announces membership target as it expands into commercial
Personal lines specialist,1 Answer Network, has predicted that it will have 100 members by 2013.
Acturis vows to revolutionise personal lines
Acturis is poised to make an attack upon the personal lines market with two key hires.
Thistle appoints new CEO
James Twining has been appointed chief executive officer of JLT-owned managing general agent (MGA) Thistle Insurance.
TomTom enters UK motor market with CCV broker
Dutch navigation systems maker TomTom has entered the motor insurance market in a deal with CCV-owned Motaquote.
Former Dual D&O underwriter lands at Lloyd's syndicate
Lloyd’s Channel Syndicate (2015) has appointed former Dual and Chubb underwriter, Kevin Cleary, as a D&O class underwriter.
HomeServe axes 200 jobs
HomeServe has announced it is to cut 200 jobs in the UK.
Axa launches second product on Powerplace
Axa Commercial Lines has launched its management liability policy on Powerplace.
RBSI rebrands as Direct Line
Royal Bank of Scotland Insurance (RBSI) Group has rebranded as Direct Line Insurance Group and changed its status from a private company to a public one.
JLT opens new Reading office
JLT has announced it is opening a new regional office in Reading.
Video: What the Papers Say latest edition
Joining Martin Friel and Emmanuel Kenning this month is Ant Gould, director of Faculties at the CII.
MGA hires new underwriting director
Essex-based underwriting agency LFC Shield has appointed Jackie Burns as its new director of underwriting.
Aspen attributes significant 2011 losses to natural catastrophe
Aspen Insurance Holdings has reported a net loss of $105.8m (£66.9m) producing a combined ratio of 115.6% for the full year 2011.
RSA man to lead Tokio construction practice
Tokio Marine Europe has launched a new construction practice in the UK.
Willis N² reveals 10 new members
Willis has unveiled 10 new members for its Willis N² network, representing smaller provincial and start-up brokers, taking total membership to 34.
Towergate bags heavy hitter for group finance role
Scott Egan, former Brit group chief financial officer, has taken the equivalent role at Towergate Insurance.
Beazley reports 75% drop in profits
Beazley has announced a reduced profit of $62.7m (£39.6m) for 2011, down from $250.8m in 2010.
Whiplash summit called to tackle rising motor insurance costs
Cabinet ministers are set to discuss tactics to get a grip on the soaring number of whiplash claims as the government continues to look at ways to tackle rising motor insurance costs.
NIG appoints former Axa regional director to lead in Manchester
NIG has appointed Warren Bainbridge as area business development manager (ABDM) for its Manchester office with business development responsibility for the Greater Manchester region as well North Wales, Merseyside and Lancashire.
Towergate raids Gallagher for development director
Towergate Underwriting has appointed Alyson Williams as household development director only five months after she left the company for a role as development manager at Gallagher Group.
Acturis and LV link produces new e-trading tool for brokers
LV Broker has embarked on a partnership with Acturis to develop LV Easytrade, a new e-trading tool for brokers.
Westinsure goes for rebrand at annual conference
Broker network, Westinsure, has unveiled a new logo at its annual conference.
FSA ready for new regulation but at extra cost
Hector Sants, chief executive of the Financial Services Authority (FSA), has revealed that the the much-vaunted ‘twin peaks’ regulatory model will be up and running by April this year resulting in greater costs being imposed upon financial services.