Latest News – Page 1749
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News
Junction boss to shift focus
Junction’s new boss is to shake up its new business strategy and broaden its product portfolio.Peter Thompson, the managing director appointed in January, said he would shift the focus of the affinity arm of BGL Group away from working with brands new to the sector to brands that already offered ...
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NewsLucas Fettes plans more growth as turnover lifts 11%
Lucas Fettes has announced an 11% increase in turnover to £12.3m for the year ending 31 March 2008. Operating profit rose 7% to £799,864 in the same period.“We achieved this through the maturity of more of our trading divisions, while also taking into account the funding of developments that have ...
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NewsFinancial news in brief
Profits bonus for QBEAustralian insurer QBE has announced that the depreciation of the Australian dollar will mean profit is 25% higher than 2008 predictions. In the past year, the company has gone on a spending spree in the US and Europe and has bought three US underwriting agencies. But as ...
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In BusinessMergers: what brokers really think
Why do independents sell up? Do they think larger firms do a better job? Insurance Times wanted to know too, so we asked them. Read on for the answers
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NewsNews in brief
Ten members for Willis N2Willis N2, a network for brokers with annual gross written premium of £1m to £2.5m, has signed up 10 members in its first six months. Mark Radburn, the network’s managing director, said he expected the numbers to increase. “It takes people time to understand what we ...
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NewsAon to axe 700 jobs as Harmer revamps business
Rival broker Willis also confirms losses, but denies report that 400 employees could go
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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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NewsLeader: Doing business in the new economy
Decision-making has never been so tough for chief executives as they attempt to navigate this period of instability. Philippe Maso of AXA presents his vision for the future on page 24. He insists this crisis is primarily about banks, not insurers. Our first ever cover star, Peter Harmer, agrees (see ...
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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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Online only
Government appoints offshore financial centre review lead
Review to examine challenges arising from current economic climate
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Online only
European Council waters down Solvency II
ABI says exclusion of key provisions could make directive a 'waste of time'.
