Aviva has appointed Philippe Maso y Guell Rivet as chief executive officer of Aviva France and underwriting, pricing and product director for Aviva Europe. Having begun his career with Mazars and also worked for UAP Group, Mr Maso y Guell Rivet’s previous senior roles include chief executive officer of AXA Insurance UK and finance director [...]
Willis North America has announced the appointment of John A. Connolly as Executive Risks Practice leader. For the last two years Connolly has been co-leader of the practice alongside Steve Pincus, who will continue to manage the firm’s New York-based Executive Risks operations. Connolly will assume sole responsibility for the practice, and for fostering growth [...]
XL Group plc has announced the appointment of Peter R. Porrino as executive vice president and chief financial officer. Porrino, whose appointment is effective in August, brings more than three decades of experience working in and advising the insurance sector to his new job, with particular experience in property and casualty insurance and reinsurance. He [...]
Specialist loss adjuster QuestGates has warned that the UK could see a surge in subsidence this summer. Associate Director Kevin Terry has stated that the latest Meteorological Office rainfall and evaporation calculation system figures indicate the year-on-year soil moisture deficit exceeding that of 2005, during which the industry saw a rise in subsidence claims. Earlier [...]
Catlin Group Limited’s continental European reinsurer Catlin Re Switzerland has announced that it is opening a new office in Madrid. The firm will underwrite treaty reinsurance business from the new office, with effect from 1 July 2011, and the office will be led by Julio Sáez, who joined the firm at the start of this [...]
Equity Direct Broking has announced that it has installed leading consumer risk and ID fraud system Equifax, which offers a range of verification and fraud prevention solutions. Equity is taking advantage of the latest ID fraud solutions, utilising a number of external sources to check the ID of customers to help cut back on fraud. [...]
Markerstudy has acquired Tonbridge Coachworks Vehicle Repair Group (which includes Tonbridge Coachworks, European Automotive Solutions and Canterbury Accident Repair Specialist). With over 900 members of staff and annual revenue in excess of £500 million, the move should provide a secure platform for the firm to expand. Commenting on the transaction, Markerstudy group chief executive officer, [...]
Swiss Re has announced that J Eric Smith is to join the firm as president and chief executive officer of Swiss Re Americas. Smith, whose appointment is effective from 11 July, succeeds Pierre Ozendo who retires after more than three and a half decades in the insurance sector. Smith brings more than three decades of [...]
Group Board Director for Legal & General’s Risk businesses John Pollock has responded to the latest ONS statistics regarding unemployment, which has recently fallen. Pollock warned that the persistently high inflation continues to make life difficult for people struggling to make ends meet. However, he warned against the temptation to cut corners when it comes [...]
Insurance, investments and retirement group LV= has announced that it has bolstered its operations in Hitchin, where it presently employs 175 people dedicated to the retirement solutions product range of the life insurance business. The Hitchin office has acquired a further 4,300 sq. ft. of space, enabling it to hire another 25 staff to help [...]
Aviva has formally announced the appointment of John McFarlane as chairman, taking over from Lord Sharman of Redlynch at the end of June 2012. In the meantime, Mr McFarlane will become a non-executive director of the group in September of this year and take up the role of deputy chairman at the beginning of next. [...]
Zurich is selling UK subsidiary, Zurich Specialties London (ZSL), to Swiss Re. ZSL has been in run-off since 2005 and the business to be transferred predominantly comprises US and UK broker-placed commercial casualty policies. The transaction, which is at book value, should release $1.5 billion of capital for redeployment by Zurich and allow repatriation over [...]
RSA has acquired the insurance assets of Expert Travel Financial Services Incorporated, a Canandian distributor of travel insurance with over three million policyholders travelling worldwide. The transaction involves gross assets valued at around £3 million, including trademarks and access to distribution, but excludes the Quebec-based firm’s Global Excel Management claims and assistance subsidiary. RSA has [...]
Endsleigh today unveiled a promise to all NASUWT members across the UK that they will beat any existing home insurance renewal quote for them. Endsleigh already offer customised deals for teachers and are now bolstering their NASUWT home insurance product by offering this price guarantee until 31 December 2011. Endsleigh home insurance includes 24 hour [...]
The new Value of a Dad survey from Legal & General has revealed that the value of the work a father does around the home is worth a total of £21,306. On average, men spend 50 hours a week on household chores and childcare, of which 20 hours is dedicated to childcare. Each week a [...]
The overwhelming majority of brokers believe that insurance fraud warrants harsher penalties, and that a database of fraudsters to be accessed at the point of sale would help deter the crime. Groupama Insurances surveyed over 200 brokers, who opined that the industry ought to share more information relating to fraud to better tackle the problem. [...]
International general insurance and reinsurance group Brit Insurance has announced the appointment of Brian Randall as director of the new Energy & Power division. Randall, whose appointment is effective from 1 October, brings more than two decades of experience in the energy sector, with experience of upstream and downstream business. He has worked as both [...]
Capita has announced that it has expanded an existing contract to deliver operational services for Zurich’s life business by 11 years (from 2015 to 2026). In addition, the outsourcing giant will be supporting the development of Zurich Global Life’s European and international administration hubs, for a 15 year period. Capita will therefore be providing customer [...]
