News
Revenues flat at Willis
Willis Group has reported a fall in commissions and fees to $837m [£538.6m] in the second quarter of 2012, down from $852m in the same period of 2011.
Mitsui Sumitomo employee grabs bronze in Olympic judo
Mitsui Sumitomo is celebrating after one of its employees won an Olympic medal at the London 2012 Games.
Music supremo targets broker hit with social media offering
The man who signed rock band The Killers is now hoping to crack the insurance market with a new social media-based release for brokers.
RSA swoops to appoint Cofunds' head of commercial
RSA has confirmed that Cofunds' head of commercial Russell Lancaster has been appointed as distribution director for its UK commercial business.
Lockton expands Manchester team with ex-Lucas Fettes hire
Lockton has expanded its Manchester-based regional wholesale business with the appointment of former Lucas Fettes MD, David Lee.
HCC posts $60m net earnings rise
Specialty insurance group HCC Insurance Holdings has posted net earnings of $176.1m (£112.7m) for the first six months of 2012, up on the $116.5m recorded for the same time last year.
Gallagher reports 75% jump in profit
Arthur J. Gallagher has reported a profit of $99.8m (£63.8m) for the six months ended June 2012.
Quinn Insurance bill could rise to €1.65bn
The estimated bill for the administration of Quinn Insurance has risen to €1.65bn (£1.3bn), administrators appointed to the insurer have told the High Court in Dublin.
Event Insurance Services in party protection launch
Event Insurance Services has launched a party package designed to give planners the ability to host events with confidence.
MIB chief criticises Arsenal star for driving offence
Ashton West, chief executive at the Motor Insurers’ Bureau, has hit out at Arsenal star Nicklas Bendtner for setting a bad example by driving without insurance.
Giles chief appointed Biba deputy chairman
The British Insurance Brokers’ Association (Biba) has appointed Brendan McManus as deputy chairman and made several changes to its board.
Aon to sponsor Man Utd's business network and charity arm
Aon has signed up to be the title sponsor of Manchester United’s business network and of the Manchester United Foundation.
Arsenal footballer fined for driving without insurance
Arsenal striker Nicklas Bendtner has been fined almost £5,000 for driving without a licence and insurance.
JLT swoops for Ace CFO
Jardine Lloyd Thompson Group (JLT) has appointed Mike Reynolds, currently chief finance officer at Ace European Group, as its finance director.
Fitch affirms QBE Europe's A+ rating as stable
Fitch Ratings has affirmed QBE Insurance Group’s long-term issuer default rating at A and its subsidiaries’ - including QBE Europe - insurer financial strength (IFS) ratings at A+.
LV chief John O’Roarke reveals COR and growth targets
John O'Roarke, managing director of LV general insurance, has reacted to the news that the insurer lost broker business in the first half of 2012 by admitting its results were “two ticks and a cross” across its three elements.
Markel strengthens professional liability team
Markel International has appointed Les Telford as senior underwriter for UK and international professional indemnity in the professional liability division.
LMI launches free online risk management service
Liberty Mutual Insurance (LMI) has launched a free online risk management facility for its policyholders.
Biba reports improved turnover but schemes income drops
The British Insurance Brokers’ Association (Biba) has reported a turnover of £3.2m for 2011.
FSA cancels broker's permission
The Financial Services Authority (FSA) has cancelled the permission granted to Castle Grove Insurance Services.
GI profits flat at LV
LV has reported profits before tax of £53m for the first half of 2012, in line with the £52m achieved in the same period of 2011 for general insurance.
Aviva to sell US division for £1bn
Aviva is preparing to sell its US division at an estimated loss of £800m, according to reports.
Hiscox returns to half-year profit
Hiscox has revealed a pre-tax profit of £125.8m for the first six months of the year, reversing a loss of £85.6m in the same period of 2011.
Ace optimistic following improvement in COR
Ace has reported operating income of $1.444bn [£916.7m] for the first half of 2012, up from $932m in 2011.