Insurer News – Page 621
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Online onlyCullum, Utley and the Hastings MBO
A buy-out backed by Towergate boss Peter Cullum makes sense
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NewsWoolworths collapse set to bruise trade credit insurers
Trade credit insurance companies face substantial claims after the high-street stalwart Woolworths collapsed last week.Euler Hermes said it still had policies with suppliers when Woolworths went into administration last Wednesday. Coface and Atradius, the other two big trade credit insurers, declined to comment.It was widely reported the big three had ...
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Online onlyHiscox ditches Bermuda team for US expansion
Insurer to open five new US offices by end of 2009
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Markets & RisksMarket: SMEs
Our new Markets & Risks section kicks off with an in-depth look at small businesses
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NewsAmlin looks to the US for non-catastrophe business
It’s an obvious market to look at – although we’re not in a hurry to get in, says Lloyd’s insurer
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NewsPoor markets force AXA to give up financial targets
AXA Group has torn up the “Ambition 2012” financial targets it set in 2004 and issued a profit warning. The insurer’s ambition to triple operating earnings and double income by 2012 was based on the assumption that equity markets would grow each year by 8%.But it said this week that ...
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NewsSolvency II hits buffers as EU ministers ditch group proposals
New regulation set to be delayed
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NewsCullum linked to Utley’s bid for Hastings and Advantage
Towergate chairman and private equity groups line up to back management buy-out
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NewsLaw Society to help solicitors find PI cover next year
The Law Society is planning to help small legal firms struggling to buy professional indemnity insurance (PII).It has set up a working group to prepare for the PII renewal deadline in October next year.Small law firms have found it difficult to obtain cover this year as insurers are concerned that, ...
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NewsMore jobs to be cut at Allianz Retail
Allianz Retail general manager Jon Dye has continued his shake-up of the business, cutting another 90 jobs.The job losses follow a September restructure of the retail division that could lead to up to 170 redundancies by June next year. The new cuts are the result of a plan to refocus ...
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European Council waters down Solvency II
ABI says exclusion of key provisions could make directive a 'waste of time'.
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Online only‘Crash for Cash’ fraudster gets five years in prison
IFB delight as sentences are handed out at Bradford Crown Court
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Heath Lambert hires JLT real estate boss
Former JLT executive Paul Williams joins broker.
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