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Management & Strategy

France: The Groupama Group creates Groupama Gan Vie

The new company is the result of the merger of Groupama Vie and Gan Eurocourtage Vie into Gan Assurances Vie and the transfer of the portfolios of Gan Patrimoine and Gan Prévoyance. Through the new company, the Group hopes to increase its share of the life insurance market. Groupama Gan Vie enables it to: Increase its capacity to offer members and customers the best products and services by acquiring management structures organised by business line Optimise costs to become more competitive in terms of both sales and profitability Benefit from... 


Z Zurich Foundation to support ILO microisurance innovation facility with a £1,75 million contribution

Zurich Financial Services Group announced today that its Z Zurich Foundation (Foundation) will support the International Labour Organization (ILO)’s Microinsurance Innovation Facility with a contribution of CHF 3 million to facilitate the development of innovative approaches to provide better insurance coverage to more low-income people in a cost effective way. Reducing the administrative costs to the lowest possible level helps unlock the value of risk protection to the low-income population. Therefore, one of the major focus areas of microinsurance...  Lire la suite

Lloyds to cut almost 600 jobs and to bring back its insurance business in Bristol and Edinburgh

British bank Lloyds said on Thursday it intended to cut nearly 600 jobs in another shake-up at the state-rescued group that has already axed thousands of positions over the past year. “Lloyds Banking Group (LBG) is announcing today a number of changes within its wholesale and retail divisions,” it revealed in a statement. “In addition, some insurance work currently administered by a third party supplier based in the UK, will be brought back into the group and processed at its strategic Insurance centres in Bristol and Edinburgh.” LBG...  Lire la suite

Standard Life announces new executive structure

Following David Nish’s appointment as Chief Executive on 1 January 2010, Standard Life today confirms the structure of its new Executive Team, including the appointment of two new members. Christian Torkington will join Standard Life on 1 March 2010 from RSA Insurance Group as Group Information and Operations Director.  He will focus on developing and implementing our technology strategy and processes that underpin our day-to-day operations. Sandy Begbie will join Standard Life from AEGON as Group Transformation Director.  Sandy’s...  Lire la suite

AXA aquires Omniasig Life and enter the Romanian Life insurance market

AXA announced today the acquisition of Omniasig Life. With this operation, AXA enters the Romanian Life insurance market, in line with its objective of accelerating the development of its activities in the emerging countries, notably in Central and Eastern Europe. After the buyout of the minority interests of its Hungarian, Czech and Polish subsidiaries held by the EBRD in December 2009, the acquisition of Omniasig Life represents for AXA an excellent opportunity for its development in a high growth potential market of Central and Eastern Europe. The...  Lire la suite

Groupama Insurances to reorganise its UK general insurance claims operations

Following the completion of a detailed strategic review, Groupama Insurances has announced proposals to reorganise and re-engineer its UK general insurance claims operations. If confirmed, the plans will bring together personal and commercial lines claims handling into the company’s Personal Lines Claims Centre in Port Solent, near Portsmouth, resulting in the phased closure of its Commercial Lines Claims Centre in Borehamwood. It is currently proposed that the transfer of work to Portsmouth will commence in April 2010. The proposals will also...  Lire la suite

Confused.com launches its french comparison website www.lelynx.fr in beta version
Zurich moves its General Insurance to Ireland
Aviva improves its Group Risk products
Willis Group expands its UK Commercial Network into Northern Ireland
Willis completes change in place of incorporation to Ireland
Liberty Mutual Group approved to open Zhejiang Branch
Zurich to transfer its document management processes in Europe to Swiss Post
Italy’s Generali eyes Islamic insurance venture
XL Re announces changes in management and underwriting structure of Latin America Operations
Allianz to grow and expand property, casualty business in Japan
AXA strengthens its position in Central and Eastern Europe
Chaucer Holdings announces board and management changes
AXA announces a new organization to support a new stage of its development
Zurich streamlines its legal structure
Lloyds Banking Group to cut another 535 jobs
Cooper Gay opens its eighth Risk Services subsidiary in Atlanta, Georgia
Aviva announces new UK organisational structure and senior management team
XL Capital plans to establish P&C (non-life) operations in China
KBC confirms position as solid bancassurance player in core markets
AXA management board member Claude Brunet resigns his mandate
THB launches new brands aimed at the UK and US risk management markets
LIU Europe appoints John Holmes as Senior Regional Underwriter to boost its PI presence
XL Insurance expands construction all risk offering in Spain and Benelux to include inherent defect insurance coverage
Marine liability insurances provider Galatea rebrands as part of Travelers Underwriting Agency Limited
Dutch bancassurer ING to sell its global insurance unit by the end of 2013
Brit Insurance Holdings to reorganise its corporate structure and moves to the Netherlands
British bank Lloyds to cut 5,000 jobs
Groupama Insurances relocates and consolidates London Headquarters
Willis Commercial Network to expand internationally
Groupama Insurances announces its 2010-2012 strategic plan
RBS likely to sell its insurance operations (Churchill and Direct Line brands) and cut 3,700 jobs
British supermarket Tesco to create 1,000 jobs
Aon acquires leading provider of executive liability risk management services
Allianz Commercial opens a new office in Bristol to provide support to small business customers of Lloyds Banking Group
Moorhouse to back next generation of broker start-ups
Swiss Re heads to Baden-Baden with a strong appetite for high-quality business
Liberty Syndicates launch new offices to serve Latin America
Aviva to cut costs and exploit growth oppotunities in Europe
Aviva to transform European business excluding the UK
Towergate Financial launches new London Employee Benefits and Private Client Business
Groupama creates the third largest insurer in Turkey
Willis Re announces a series of management and organizational changes
Hannover Re strengthens its presence in China
Aon to launch Inpoint to expand its insurance carrier consulting services
Lloyds could offload its insurance operations
BGL Group recruiting for up to 50 jobs in Peterborough
Henri de Castries to become Chairman and Chief Executive Officer of AXA
Swiss Re has won Malaysian central bank approval to start up an Islamic reinsurance business
Aviva announces a new worldwide organisation structure and a single UK CEO
AXA announces new approach for corporate benefits
Catlin Group strengthens its Italian presence with a new office in Rome
Willis Commercial Network to work with insurer partners to streamline renewals process
Commerzbank takes over Allianz employees
Groupama launches new leading player on romanian insurance market
Peter Rogers appointed at Kiln to head up the logistics market
Fortis reports outcome of strategic review and announces 50% dividend returns
Innovative renewable energy insurance facility introduced to cover risks in developing countries
QBE continues to expand in Europe with general liability programme for SNCF in France
Hibernian Aviva announced a plan to increase prices in Ireland
HSBC Insurance brokers to close its Bournemouth headquarters
RSA Insurance Ireland Ltd acquire Benchmark Underwriting Ltd
RSA Insurance Ireland to create 40 jobs in Galway
Euler Hermes changes organisation focusing on integration
Lloyd’s to enter the Nordic market by opening its first office in Sweden
Lloyd’s Underwriter Kiln strengthens its European presence with its new office in Paris
The Hartford Introduces Hartford Life Distributors To Drive Growth Of Investment And Retirement Products
Sales and marketing changes at Aviva UK
Groupama announces the change of the name of DSK Garancia into Groupama Zastrahovane
GENERALI Group enters Vietnam
Lise Weber from Metlife’s will resign and receive $5 million as part of a larger severance package
AIG chairman Robert Benmoscheed never at a loss for something to say
Swiss Life to cut 520 jobs as net profits fall 92%
Lloyds cuts 200 jobs in general insurance division
Tesco to create 800 jobs in Scotland
Novae formed Novae Re
AXA Life announces Sun Life Assurance Society plc With Profits Fund is closed to new customers
New AIG CEO Robert Benmosche will Get $7M Annual Salary
Aon Global Insurance Managers installs regional leadership structure
Risk adviser AON to ultra wealthy opens Geneva office
Axa to cut 350 jobs
Heath Lambert expands Birmingham team
R K Harrison to form Bowood Insurance Brokers as the Group’s specialist delegated authority broker
ING To Cut 800 Jobs in the next 3 years
ING To Strengthen Dutch Insurance Organisation
Axa will cut 560 UK jobs