Allianz Insurance has reported its results for the first half of 2010, including a 4.4% rise in gross written premiums compared to the same period last year, rising from £825m to £861.2m. Allianz’s combined ratio improved from 94.9% to 95.3% during the same period. However, the firm’s IFRS pre-tax operating profit fell by nearly £10m, [...]
Bupa Health and Wellbeing UK has announced the appointment of Tony Wood to the position of sales director. In his new post Wood takes on responsibility for sales to personal, SME and corporate customers. He joins Bupa UK from Bupa Australia, where he has held the post of sales director for the last two years [...]
NMJ Insurance Brokers has acquired Protheroe Insurance, a Derbyshire-based firm set up in the 1930s and operating in Belper since 1968. The company has been acquired from owner, Brian Milward, who is retiring from the business. All other staff are being retained. NMJ was set up last year by former Equity Insurance Group directors, Nick [...]
CBG has announced that it will be restating its results for the six months to the end of June 2009. According to the broker, accounting errors have occurred over an advance commission agreement with Close Premium Finance, a company that provides premium finance to the general insurance market. The restatement will apparently allow for like-for-like [...]
Aviva has confirmed that in late July, the company received a conditional proposal from RSA to acquire its general insurance (GI) businesses in the UK, Ireland and Canada (excluding RAC and Health), for £5 billion, to be funded entirely from a rights issue by RSA. Having recently completed a strategic review, the insurer concluded that [...]
Allianz Engineering has partnered with Willis to offer commercial property owners in the brewery sector a new health and safety risk assistance scheme. “Brewcheck”, which forms part of the “Willis Brew” offering, is intended as a one-stop-shop solution for breweries and their associated pubs. Under the scheme, Allianz Engineering will deliver a range of inspection [...]
Allianz Commercial has teamed up with sister company, Allianz Global Corporate & Specialty (AGCS), to provide aviation products liability insurance for commercial customers. The insurance covers manufacturers or maintenance organisations against liability arising out of products sold, serviced or supplied, and Allianz makes the point that this type of policy is normally only available from [...]
Crawford & Company enjoyed a good night at the Australia and New Zealand Insurance Industry Awards 2010, where the firm picked up the award for Loss Adjuster of the Year. The ceremony itself was held at Sydney Convention Centre, Darling Harbour, and saw the judges praise Crawford for its forward-looking approach. Crawford’s integration of wireless [...]
Willis has appointed Alastair Burns as managing director of its Insurance Facilities Practice, which is part of Willis Global Placement, a division that co-ordinates worldwide insurance placement strategy. Mr Burns is moving from a 20-year stint with Marsh and will take up his London-based post in September, reporting to Dominic Samengo-Turner, chief executive officer, Global [...]
Greater Manchester Police have reported that two brothers who masterminded one of the country’s biggest ever “crash for cash” scams have been convicted. Rezwan Javed and Rehan Javed, both of Dovedale Close, Burnley, Lancashire, have been found guilty after a trial at Manchester Minshull Street Crown Court of conspiracy to defraud and possession of an [...]
The Navigators Group, Inc., an international specialty insurance holding company, has announced that Robert V. Mendelsohn has joined its Board of Directors. Mendelsohn began his career with Willkie, Farr & Gallagher, LLP, and then spent two decades with WR Berkley Corporation, eventually becoming chief operating officer and president. Seventeen years ago he became chief executive [...]
Heath Lambert has bolstered its London Corporate team with the appointment of Alan Midson as a sales director. Midson joins the firm from Aon, where he has spent the last four years building up business in a range of vertical markets of a large corporate nature in the United Kingdom and overseas. In his new [...]
International general insurance and reinsurance group Brit Insurance Holdings N.V. has announced the nomination of Scott Egan to the position of group chief financial officer, subject to regulatory approval. Egan’s appointment will require the support of Brit Insurance shareholders, and, if successful, will see him acquire a seat on the firm’s statutory board. He would [...]
Global risk and reinsurance specialist Guy Carpenter & Company, LLC has announced that its Global Specialties will be bolstered by the addition of Erik Manning. He will be directly responsible to Kevin Fisher, chairman of Global Specialties. Before joining the firm he was ICG/DCM director with Deutsche Bank (London), prior to which he worked for [...]
Flexible retirement solutions provider LV= has commissioned research which reveals that the first five years of retirement can bring dramatic changes to finances and health. Nearly one in four (24%) of retirees indicated that their health had declined in the first five years of retirement, and 17% stated they had unexpectedly had to dip into [...]
ACE European Group has announced the appointment of Steve Dixon as the new regional managing director of ACE Middle East and North Africa (MENA), subject to regulatory approval. He has been with the firm for 11 years, following the acquisition of CIGNA when he was responsible for UK Commercial P&C operations. Four years ago he [...]
Zurich Financial Services Group has announced the appointment of Markus Nordlin to the post of chief information technology officer, with effect from 1 September. He joined the firm 11 years ago, leaving behind Accenture, and since 2004 has been group IT key account executive for the Farmers Insurance Group. Nordlin, who also acquires a seat [...]
Aegis London has appointed a new specie team, which will be responsible for building a portfolio of specie business including jewellers’ block, fine arts, general specie and motor material damage and theft. The team will be led senior underwriter, Ian Seakens, who will be supported by underwriter, Ian Morton, both having joined from Broadgate Syndicate [...]
Crawford & Company has reported its results for the second quarter of 2010, including a net loss of $2.5m ($0.05 per share). This is a substantial improvement on the $88.1m loss ($1.70 per share) incurred during the same period last year. However, it does mark a return to the red after the firm made a [...]
