Insurance news

• Merry Christmas from Post

  24-12-2014 13:50
  
  Stephanie Denton Postonline
  
  
  Incisive Media's offices are now closed until 2 January 2015 for the festive period.
  
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• Festive greetings

  24-12-2014 13:44
  Wishing you a merry Christmas and a happy New Year from all the team at Insurance Age.
  
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• White outlines Biba’s achievements in 2014

  24-12-2014 13:34
  Biba boss Steve White looks back on 2014 and considers how the government is working to combat fraud.
  
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• A&A Group has profitable momentum, says Allen

  24-12-2014 13:26
  Management claims the business has the right foundations for growth in 2015.
  
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• Insure The Box sales clears the way for XL takeover of Catlin

  24-12-2014 12:19
  
  Francesca Nyman Postonline
  
  
  Catlin’s sale of Box Innovation Group to Aioi Nissay Dowa clears the way for its own acquisition by XL, although shareholders may need to be placated according to analysts.
  
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• Blog: Litigation funding, then and now

  24-12-2014 12:00
  
  Nigel Tait and Isabella Piasecka Postonline
  
  
  Conditional fee agreements are an invaluable means of funding litigation both for claimants and defendants, but the government is introducing some changes which could change the face of CFAs
  
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• $2.2bn OneBeacon-Armour Re deal closes after 2-year marathon

  24-12-2014 11:59
  Bermuda-headquartered insurer OneBeacon and Armour Group
  Holdings have completed a marathon $2.2bn legacy deal two years
  after the deal was first announced.
  OneBeacon agreed to sell its non-specialty legacy business,
  which includes all of its asbestos liabilities, to Armour Re in
  2012.
  But the deal has been repeatedly stalled by numerous regulatory
  obstacles and objections from insureds, opposing the deal.
  In October the regulator asked for clarification on 13 points in
  a submission from OneBeac
  
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• Top players losing share of household insurance market

  24-12-2014 11:25 via insuranceage.co.uk
  Report says a condensed market and a shift in distribution model could threaten future profitability.
  
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• Axa’s underwriting model “bearing fruit”

  24-12-2014 11:23 via insuranceage.co.uk
  Axa’s Laurent Matras tells us about business in 2014 and what surprised him most during the year.
  
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• LeStrange to leave Enstar board

  24-12-2014 11:22
  Ken LeStrange has resigned from legacy-to-live firm Enstar's
  board of directors, the company disclosed in an SEC filing
  yesterday (23 December).
  His resignation occurred on 18 December and will be effective on
  31 December.
  Enstar cited "time constraints created by LeStrange's
  commitments to other business interests" as the reason for his
  departure.
  The industry veteran joined the firm as a non-executive director
  in November 2012
  LeStrange founded Endurance Specialty Holding
  
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• Working in a winter wonderland

  24-12-2014 11:16 via insuranceage.co.uk
  Thankfully he doesn't need it - but we take a look at how much it could cost Father Christmas to insure his magical Christmas Eve journey.
  
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• XL Group responds to food & beverage risk management needs with integrated solution

  24-12-2014 10:55
  
  Stephanie Denton Postonline
  
  
  XL Group has launched its integrated insurance solution developed specifically for the food and beverage industry.
  
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• JM Glendinning launches new corporate business with second Gallagher hire

  24-12-2014 07:30
  Carol Adamson has joined Nigel Wood to help grow book to £1m commission business in four years
  
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• Insurers cancel policies amid broker client money confusion

  24-12-2014 07:30
  Administrators unable to pay insurers do not know if accounts have been reconciled or are in deficit
  
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• A&A Group returning broking arm to profitability after £4.5m loss

  24-12-2014 07:30
  Broker has written more new business in the second half of 2014 than the first six months
  
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