Arista expands in North East with Leeds appointment
by Gill Montia
Story link: Arista expands in North East with Leeds appointment
Arista Insurance has appointed Steve Ford as senior underwriter for the Leeds area. According to the commercial lines specialist, the appointment is a strategic one and Mr Ford’s 24 years of experience in the insurance industry and extensive knowledge of the region is crucial to the firm’s expansion plans in the North East. The insurer [...]
Giles expands Welsh presence
by Gill Montia
Story link: Giles expands Welsh presence
Giles Insurance Brokers has expanded its presence in Wales with the appointment of seven members of staff at its Llantrisant head office, which opened earlier this year. The independent broker says the move underlines its intention to achieve on-going expansion through the recruitment of local professionals. The new team, headed by Peter Bryon, formerly of [...]
Chedid Re expands into Saudi Arabia
by Gill Montia
Story link: Chedid Re expands into Saudi Arabia
Chedid Re, has established a new subsidiary in Saudi Arabia in a move that will allow the reinsurance broker to capitalise on the country’s fast-growing insurance sector. According to the firm, the Riyadh-based unit will be seizing opportunities in one of the largest insurance markets in the Middle East, having already been licensed by the [...]
Torus raises $185m to support expansion
by Gill Montia
Story link: Torus raises $185m to support expansion
Torus has secured a $185 million injection of cash that will be used to support continued expansion. Subject to regulatory approval, the move will increase the speciality insurer’s equity capital to over $1 billion. US-based Corsair Capital is providing $150 million of the cash, which will be topped up from private equity funds managed by [...]
Ocaso progresses UK expansion with Open GI
by Gill Montia
Story link: Ocaso progresses UK expansion with Open GI
Ocaso is proposing to expand its UK presence by partnering with Open GI to launch two new products by Full Cycle EDI. The Spanish personal lines specialist has been trading in the UK since 1973 and expects its new offerings to be available next month. The firm says its decision to select Open GI was [...]
Thompson Heath & Bond bolsters International Treaty platform
by Gill Montia
Story link: Thompson Heath & Bond bolsters International Treaty platform
Thompson Heath & Bond Limited, the Lloyd’s broking arm of THB, has expanded its International Treaty platform with the appointed of three brokers who will specialise in the Latin American, Caribbean, Middle Eastern and Asia/Pacific territories Manuel Yañez, Andrew Brignell and Alexander Price have worked together previously (most recently at RFIB Group) focusing primarily on [...]
Beazley expands marine underwriting business
by Gill Montia
Story link: Beazley expands marine underwriting business
Beazley has announced a major expansion of its marine underwriting business which should benefit freight forwarders, port operators, ship managers, naval architects and marine surveyors, among others. The Lloyd’s insurer is enhancing its professional liability and logistics coverage and has formed a new team, headed by Zareena Hussain, to lead its drive into this section [...]
Bluefin opens Manchester office
by David Masters
Story link: Bluefin opens Manchester office
Bluefin has expanded its professions division, opening a new Manchester office, and has appointing Julia Whittle as accounts manager for the division. The Axa-owned broker said Whittle will be based in the company’s new office, and will be briefed to target new business in the north-west. Mark Westgarth, managing director of Bluefin’s professions division said: [...]
Equity Red Star opens Manchester office
by Gill Montia
Story link: Equity Red Star opens Manchester office
Equity Red Star has expanded its presence in the North West with the opening of a Manchester city centre office. The move follows the establishment of a Leeds office last autumn and the Lloyd’s syndicate says further regional expansion is to be expected next year. The firm’s head of distribution and operations, David Grant, comments: [...]
Marsh broadens offering in Egypt
by Richard Kilner
Story link: Marsh broadens offering in Egypt
Insurance broker and risk adviser Marsh has been given the green light by the Egyptian Financial Supervisory Authority (EFSA) to provide full insurance broking and advisory services within Egypt. Risk advice will be provided through Marsh Egypt LLC and insurance via Marsh for Insurance Services S.A.E, (both are wholly owned subsidiaries of MMC). EFSA Deputy [...]
LV= appoint new UK Equities chief
by Richard Kilner
Story link: LV= appoint new UK Equities chief
LV= Asset Management (LVAM) has announced it has expanded its UK Equities team with a quartet of appointments. Graham Ashby has been named as the new head of UK Equities, and will be joined by Michael Crawford, Marcus Chandler and Mira Bhogaita. Ashby formerly worked for Credit Suisse Asset Management as MD and head of [...]
Towers Perrin expands US property reinsurance team
by Richard Kilner
Story link: Towers Perrin expands US property reinsurance team
Towers Perrin has enhanced its presence in the US property reinsurance market with the appointment of Derek Keating as executive director within the London reinsurance brokerage business. He leaves behind Aon Benfield, where he has worked for 14 years, to join Towers Perrin. Most recently Keating served as a member of Aon Benfield’s North American [...]
Green Insurance Company aims for expansion
by Richard Kilner
Story link: Green Insurance Company aims for expansion
Intermediary firm the Green Insurance Company has celebrated two years of business by announcing ambitious plans for growth. The firm is part of Kwik Fit Financial Services and operates in an unusual place within the insurance market as its car insurance product guarantees to offset every molecule of carbon dioxide emitted from clients’ cars. To [...]
Heath Lambert expands Birmingham presence
by Richard Kilner
Story link: Heath Lambert expands Birmingham presence
UK insurance broker and adviser Heath Lambert has announced that it has expanded its Birmingham presence with the appointments of Adrian Moore and Martin Wellbelove. Moore, formerly of Perkins Slade, joins the firm as an account director and brings with him decades of experience of businesses in the Midlands region. Earlier in his career he [...]
Kwik Fit reports record car insurance sales
by Gill Montia
Story link: Kwik Fit reports record car insurance sales
Kwik Fit Insurance (KFI) has achieved a new record for sales, with 1,500 policyholders signing up for car insurance in just 24 hours. The volume represents the strongest single day’s trading since the firm was established in 1995. Managing director of Kwik Fit Financial Services Group, Brendan Devine, said: “The commitment and relentless effort shown [...]
Lloyd’s opens Dublin office
by David Masters
Story link: Lloyd’s opens Dublin office
Lloyd’s of London this week opened a Dublin office and expressed its “optimism” for the future of the Irish economy. “The opening of our first permanent office in Dublin marks the beginning of a new and exciting chapter for Lloyd’s in Ireland,” said Lloyd’s chairman Lord Peter Levene. “Despite the undoubted pressures on the Irish [...]
APC secures Lloyd’s accreditation
by Gill Montia
Story link: APC secures Lloyd’s accreditation
Commercial and liability specialist, Anglo Pacific Consultants (London) Ltd, has achieved Lloyd’s accredited status. The company, which trades as APC, says it will be using its new status to further European expansion plans. The firm is already in the process of developing its web-based underwriting platform, Quote Mac, to distribute APC products across The Channel. [...]
Kwik Fit Insurance reveals £1m expansion plans
by Gill Montia
Story link: Kwik Fit Insurance reveals £1m expansion plans
Kwik Fit Insurance (KFI) has revealed ambitious plans for expansion over the next five years. The Lanarkshire-based intermediary, which is backed by French venture capitalist group PAI Partners, told Scotland on Sunday that it is looking to double in size through acquisitions that could top £1 million. Speaking to the newspaper, chief executive Brendan Devine [...]
ACE opens new office in Istanbul
by Richard Kilner
Story link: ACE opens new office in Istanbul
ACE European Group is to open a new office branch in the Turkish city of Istanbul, as part of its drive to expand across Central and Eastern Europe. ACE received the necessary licence from the Turkish Under Secretary of Treasury required for insurance and reinsurance coverage for Property & Casualty and Accident & Health. The [...]
Novae joins OurNetwork’s tradesman’s liability panel
by Gill Montia
Story link: Novae joins OurNetwork’s tradesman’s liability panel
OurNetwork has added Novae to its tradesman’s liability panel. The move is aimed at offering the group’s members a wider choice of cover, which was previously provided by MMA and Groupama alone. The addition will also increase the volume of tradesman’s liability risks that can be transacted on OurMarket, the company’s trading platform, and add [...]
