Chief executive-elect focuses on synergies and economies of scale. Incoming chief executive John Neal’s assertion that the group executive changes will allow QBE to retain the benefits of its divisional structure, while sharing best practice around …
Genworth Financial committed to IPO as chief executive quits. Genworth Financial’s acting chief executive said the carrier remains committed to completing its delayed minority IPO after a dramatic 24 hours at the life and mortgage insurer, which …
QBE prepares for life under John Neal with group executive changes. QBE has taken a significant step forward in its leadership transition from Frank O’Halloran to incoming group chief executive John Neal by announcing a number of immediate changes …
Allied World Re changes continue as it targets Latin America from Miami. Allied World has hired former Platinum Underwriters senior vice president, William Turkel to spearhead its new reinsurance hub in Miami, as the carrier seeks to expand its …
Reinsurance Broking Team of the Year open for entries. When the TigerRisk Decision Support team took home the coveted Reinsurance Broking Team of the Year award at last year’s Worldwide Reinsurance Awards in London it ended a run of four straight …
Marsh and Guy Carp’s impressive organic growth turns spotlight on rivals. Marsh and Guy Carpenter both recorded impressive 7% organic revenue growth in the first quarter of the year, signficantly outstripping smaller rival Willis and turning the …
Miller creates 94 new partners as it breaks £100m revenue mark for the first time. London independent broker Miller Insurance Services, which this week celebrated the expansion of its limited liability partnership (LLP), produced a 20% organic …
Willis Re appoints Welsch to strengthen large client relations. Willis Re has turned to business development specialist Andrea Welsch as it looks to strengthen its relationships with its larger customers. Welsch joins the reinsurance broker from …
Judge orders release of MF Global D&O funds. JUDGE Martin Glenn of the US Bankruptcy Court in Manhattan has ordered the release of up to $30m in insurance funds to help pay for the defence of executives in bankrupt stockbroker MF Global. The judge …
Lloyd’s expectations for 2012 unchanged. LLOYD’S has reported an increase in the excess of central assets over solvency shortfall to £3.03bn ($4.91bn), from £2.98bn as of December 31 2011. Society net assets rose to £1.54bn from £1.49bn. …
