Russia's central bank failed to stem a further dramatic fall in the rouble on Thursday despite raising the headline interest rate to 10.5%. The central bank, which has used billions of dollars worth of foreign reserves in a desperate ...
Tags: Russia's Central Bank, ruble
Demand for new homes fell slightly in July, the first monthly decline since January 2013, while the supply of new properties coming onto the market increased for the second consecutive month, according to the July RICS Residential Market ...
Tags: UK, Furniture, Furnishing
Tangiers Petroleum (u/r) Proposed takeover offer for Jacka Resources. The proposed takeover is an all share offer of 0.468 Tangiers shares for every share in Jacka Resources, implying a pre-merger share price of 11.1p for Tangiers (shares ...
Tags: Oil and Gas News, London Market, Tangiers, Jacka
Jardine Lloyd Thompson Group (JLT) has inked an agreement to acquire Towers Watson's (TW) reinsurance brokerage business, in a cash transaction valued at approximately $250m. The acquisition is part of JLT's strategy to establish global ...
Tags: Service
New York-based risk and financial management firm Towers Watson has placed its reinsurance broking arm for sale. The company is also planning to rope in one of the Wall Street banks to sell the business. The sale price has not been ...
Tags: Towers Watson, Service
Global risk advisor, insurance and reinsurance broker Willis Group has named Michael Harden as the new CEO of Willis Re Bermuda, effective from 1 January 2014. Currently serving as chairman of Willis Re Australia, Harden has experience in ...
Tags: Bermuda Operations, Willis Re
A Moscow-based luxury taxi start-up is hoping to expand beyond Russia, targeting London as its next destination in a determined, technology-driven business plan. Wheely already operates a fleet of Mercedes around Russia's capital, ...
Tags: taxi app, Computer Products
Eurobase Insurance Solutions has unveiled its next-generation platform, synergy2, intended to efficiently transact business without any limitations. Designed to be reconfigurable to clients' business needs, the synergy2 is a fully ...
Tags: Eurobase Insurance, Synergy2
Aviva, a UK multinational insurance company, has introduced its new online portal known as Marketplace, in a bid to enbale brokers to access over 40 products catering risks in niche and specialist markets. Aviva interim intermediary and ...
Tags: Aviva, Specialist Risks
XL Group will offer Shariah compliant insurance cover to large corporate and middle market clients, targeting market on a global basis, excluding the US and Canada. Offered through underwriting agency Cobalt Underwriting, the new ...
Tags: XL, Compliant Insurance
High-tech venture capital in the UK and Ireland ended the year on a high note with £209m invested in 60 companies compared to £129m in 48 deals in Q4 2011, says Ascendant, the tech-focussed investment company. Over 2012 as a ...
Tags: High-tech venture capital, investment company, Consumer Electronics
Xchanging's insurance software business Xuber has launched a fully-integrated claims management service, to meet the needs of commercial insurer and reinsurer across the globe. Dubbed as Xuber Claims, the platform can be deployed ...
Tags: Xchanging, insurance software, Xuber
ACE Tempest Re, the global reinsurance business of the ACE Group, has appointed David Mann as senior underwriter, structured and medical malpractice reinsurance, effective from 1 January 2013. Based in London, Mann in his new role will be ...
Tags: ACE Tempest Re, reinsurance, ACE Group, insurance
Xchanging, a business process and technology service provider, has signed an extension contract to continue offering the Insurers' Market Repository (IMR) to London market. Awarded following robust negotiations, including a competitive ...
Tags: IMR, London market, extension contract
Ebix, a supplier of on-demand software and e-commerce services to the insurance industry has acquired TriSystems, a Londoner online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London ...
Tags: Ebix, TriSystems, on-demand software, e-commerce services, insurance