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Xchanging, the business process, procurement and technology services provider, achieved a year-on-year improvement in its financial performance, its 2013 results show. The company’s adjusted operating profit increased by 10.1 percent to £55.5 million for the year and its net cash increase by 56.4 percent to £120.1 million. 27 February 2014
Insurance
Allianz Group posted solid growth in its 2013 results and has forecast a stable operating profit in 2014 despite what it described as a politically and economically challenging environment. 27 February 2014
Insurance
Insurance company ACE has hired Anders Mølbjerg Hofman-Bang as casualty manager in Denmark. He joins from AIG Denmark where he was casualty team leader. 26 February 2014
Insurance
Insurer AIG has hired Patrick Cloughley as senior business development manager in the private client group. 26 February 2014
Insurance
Capita Insurance Services has concluded a transaction to finance the development of Infinity Agency, a managing general agent (MGA) that specialises in high net worth motor insurance, by taking a minority equity stake in it. 26 February 2014
Insurance
Losses from the UK floods alone could cost Direct Line up to £110 million, despite annual estimates for major weather losses predicted at £80 million. 26 February 2014
Insurance
Arthur J Gallagher has appointed Deloitte partner Ian Clark as strategic business consultant to its UK and international operations. 26 February 2014
Insurance
The Managing General Agents' Association (MGAA) has elected Darren Doherty of Pioneer, Jeff Turner of Miramar and Catherine Bell of inet3 to its board. They join existing directors Charles Earle of Arista, James Gerry of GB Underwriting and Nicholas Hales of R&Q who were all re-elected. 25 February 2014
Insurance
Howden Broking Group, part of Hyperion Insurance Group, has launched a new Rotterdam-based marine insurance operation. 25 February 2014
Insurance
QBE Insurance Group has appointed a new non-executive director. Sir Brian Pomeroy, who is currently the non-executive chairman of QBE Insurance (Europe) and QBE Underwriting, starts the role from June 2014. 25 February 2014
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