Cooper Gay has launched Cooper Gay European Markets, an integrated trading unit which the group claims will provide a “consistent, timely and balanced service” for clients’ risk protection needs. The reinsurance and specialist retail insurance broker says the move will pool the talent of its experts in Hamburg, Paris and London to cover a wide [...]
Willis has appointed Mark Parker as leader of the group’s global service centres in Ipswich and Mumbai. From 1st April 2011, he will replace Ian Gale who is leaving Willis after 35 years of service. Based in Ipswich, which has been one of Willis’ core business centres for more than 35 years, Mr Parker will [...]
Allianz Commercial has declared that its new office in Newcastle has opened its doors and commenced operations. The new branch is located at Hadrian House in the City centre and led by Les Archibald, who joined the firm from Primary General & Rural Insurance, where he had previously worked as underwriting director. A quartet of [...]
From today, firms can be fined up to £2 million for breaking new rules aimed at minimising the level of nuisance caused by the “silent” calls sometimes generated by automated dialling systems in call centres. Ofcom is reminding companies that rely on telephone sales that new regulations have come into force, aimed at preventing consumers [...]
American International Group, Inc. (AIG) has announced that the sale of its Japan-based life insurance subsidiaries, AIG Star Life Insurance Co., Ltd. and AIG Edison Life Insurance Company has been completed. The subsidiaries have been sold to Prudential Financial, Inc. for a combined price of $4.8bn, of which $0.6bn is the assumption of third party [...]
International healthcare group Bupa has announced that the sale of its UK-based protection and risk business, Bupa Health Assurance Limited (BHA), to Resolution Ltd has been completed. The deal, worth £168.15m, represents 79% of the forecast embedded value on a Bupa basis. The sale of BHA comes as part of Bupa’s strategic move to focus [...]
Companies are re-assessing the adequacy of their insurance coverage and risk management arrangements in the wake of political unrest in Cairo and other cities across Egypt, Marsh has reported. According to the broker, companies investing, manufacturing and trading in emerging markets are increasingly aware that they face a more complex risk landscape, and recent events [...]
Towers Watson has completed the acquisition of EMB, a non-life consulting and software company. The professional services firm says the move will result in the formation of Europe’s largest non-life actuarial consultancy, and one of the largest in the world. EMB will become part of Towers Watson’s global risk consulting and software business and EMB [...]
Brightside Group has reported that it traded “very strongly” during the second half of 2010, with its general insurance businesses producing profits significantly ahead of expectations. Policy sales increased by 68%, with all personal lines businesses growing ahead of plan. Following the successful integration of eCar and eBike, which were acquired in July, the businesses [...]
