News
JLT snaps up Irish broker
Jardine Lloyd Thompson’s (JLT) Irish arm has acquired FBD Insurance Brokers, an insurance broker based in Ireland in a deal worth up to €8.5m (£7.1m).
Chubb adds seven to commercial management team
Chubb Insurance has made seven senior appointments to its UK and Ireland commercial insurance division.
Hastings Direct to create 200 new jobs this year
Hastings Direct has announced that it aims to create 200 jobs in 2012.
Northern businesses suffer higher insolvency rates
The north to south divide is widening when it comes to business failure, according to Experian’s latest insolvency index.
UK GI premiums reach £46.4bn
Net worldwide premium income of the UK insurance sector has fallen for the third year running in 2010 to £198.7bn.
Government investigates credit ratings agencies
The Treasury Committee has launched an investigation into credit rating agencies questioning the transparency and soundness of their methodologies.
Beazley back in for Hardy
Beazley has reafirmed its interest in acquiring Hardy.
Equity Red Star appoints new motor fleet underwriter
Equity Red Star has appointed Andrew Dodd as motor fleet class underwriter.
Jubilee chief in sudden departure
Jubilee Group Holdings (Jubilee) has announced that Andreas Loucaides, CEO of Jubilee Managing Agency, has left the business with immediate effect.
Arc slams MoJ employment tribunal fees proposals
Arc Legal Assistance has called on the Ministry of Justice (MoJ) to rethink proposals to charge individuals fees of up to £2,000 or more to bring employment tribunal cases.
Tokio Marine continues with regional focus
Tokio Marine Europe Insurance has made two additions to its UK underwriting team.
MEP objects to ECJ gender ban
Marina Yannakoudakis, a Conservative MEP, has raised objections to the European Court of Justice's (ECJ) ruling banning insurers from using gender to rate risks.
Axa offloads Denplan to rival firm
Axa has sold its Denplan business to the Simplyhealth Group for £115m.
Gallagher buys Oxygen’s corporate risks team
Arthur J Gallagher International has bought Oxygen’s Leeds-based corporate risks team, Insurance Age's sister title Postonline has revealed.
Zurich launches new product through aggregator
Zurich has launched a new online motor insurance product, which will be available direct via the insurer’s website and through Confused.com.
Brit streamlines business ahead of possible sale
Brit Insurance Holdings has confirmed that from the beginning of 2012, all of the group’s reinsurance and specialty business will be written by Lloyd’s Syndicate 2987 (managed by Brit Syndicates Limited).
Liberty Mutual appoints chief underwriter
Liberty Mutual Insurance (LMI) has appointed a new chief underwriter of its commercial operations.
FSA issues £2.8m fine for TCF breaches
The Financial Services Authority (FSA) has doled out a near £3m fine to an American insurer operating in the UK.
AEGIS brings in new non-exec
AEGIS London has appointed former HCC chief underwriter as non-executive director.
R K Harrison takes on ex Marsh chief for HNW drive
R K Harrison has appointed Marcus Rennick, the former head of private clients at Marsh and HSBC, to support the growth of its UK high net worth business with a particular focus on the south east.
Towergate Underwriting builds corporate partnership team
Towergate Underwriting has appointed Eileen McFadden as corporate partner development manager.
Quinn's wife ordered to repay €3m loan
Patricia Quinn, wife of bankrupt businessman Sean Quinn, has been ordered to repay more than €3m (£2.6m), to the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, according to the Irish Times.
Ex-ABI man to head up new FSA department
Peter Vipond has been appointed as head of department, insurance sector and prudential support, at the Financial Services Authority (FSA).
Insurance Age blog: Go compare
I don’t often get the chance to write about lovely Norn Iron (say Northern Ireland in the accent if you don’t get it), the place where I was born, grew up, and will very soon be heading back to for a typically hectic Christmas, therefore when I see an…