Prudential hopeful of sale to Resolution

Swiss Re bolsters Latin American team

Swiss Re has appointed Margo Black as the firm’s new head of Reinsurance for Latin America South and president of Swiss Re Brasil Resseguros, S.A, with effect from July. Black is to be based in Brazil and prior to her appointment worked for Willis as head of Brazil reinsurance. In her new role she will [...]

BIBA orders strategic review

The British Insurance Brokers’ Association (BIBA) has appointed Deliottes to conduct a strategic review of the trade body following its merger with the Institute of Insurance Brokers (IIB) in November of last year. Opening the BIBA 2012 conference today, chief executive, Eric Galbraith, also warned brokers about political pressure in Europe for mandatory disclosure and [...]

LV= adds break clause to fixed-term annuity

LV= has added a break clause to its fixed-term annuity, allowing customers to transfer to another pension or annuity product with LV=, or another registered pension scheme, in the event of certain changes in circumstance. These include becoming eligible for flexible drawdown, the diagnosis of a medical condition which qualifies for an enhanced annuity, marriage, [...]

Groupama achieves new deal with Sky Insurance

Groupama Insurances has secured a deal with Sky Insurance Services Group Ltd., the specialist modified, prestige and performance car insurer. Groupama is expected to write £1.5m in the deal’s first year, with volumes forecast to rise over the course of the next three years. Personal Lines Director for Groupama Insurances Kevin Kiernan said that the [...]

OIM Underwriting launches e-Underwriting division

OIM Underwriting Limited, part of the UK and international operations of Arthur J. Gallagher, has announced the creation of a new e-Underwriting division. An auto-rating model is used by e-Underwriting, which provides point of sale quotations for a range of risks, both standard and non-standard. Brokers will therefore benefit from lower costs, and the model [...]