Ireland News

Gilvey to Head Willis UK/Ireland Risk Solutions Sales, Client Development

Fiona Gilvey has been named Head of Sales and Client Development for the Risk Solutions group of Willis UK & Ireland (WUKI), effective immediately. She is based in London, and will be responsible for driving revenue growth in the Major …

A Recurrence of Recalls; ‘PIGS’ in a Poke; Lloyd’s Powers on; Haiti Now Faces Floods and Hurricanes

First Toyota, then Honda – who’s next? 2010 is not starting out as a good year for car companies. Japan’s Toyota Motor Corp. was already in the process of recalling approximately 8 million vehicles, due to problems with the accelerator …

United America Indemnity Plans to Re-Domicile in Ireland

United America Indemnity has announced that its Board of Directors has unanimously approved a plan to re-domicile from the Cayman Islands to Ireland. The Company’s shareholders will be asked to vote in favor of completing the reorganization proposal at a …

EMEA Commercial Insurance Market ‘Stable’ Says Marsh Report

A new report from Marsh has concluded that “despite the global recession, the commercial insurance market remained stable in the second half of 2009. This provided many organizations across Europe, the Middle East and Africa (EMEA) with opportunities to enhance …

California Continues To Evaluate Insurers’ Iranian Investments

California Insurance Commissioner Steve Poizner has released a list of 50 companies doing business in the Iranian oil and natural gas, nuclear and defense sectors, and announced that as of March 31, 2010, no investments that an insurer holds in …

Willis Posts Q4, Full Year Gains

Willis Group Holdings has reported gains in most segments of its business in the fourth quarter and for the year ended December 31, 2009. Willis listed the following Q4 highlights: — Reported earnings per diluted share from continuing operations of …

Tragedy in Haiti; XL Moves to Ireland; NYC Exchange Doesn’t Worry London; WEF Prepares for Davos

The tragedy in Haiti is a reminder of how fragile life can be in developing countries.Despite the massive loss of life and widespread destruction in and around the capital Port-au-Prince, vital rescue efforts have been hampered by a lack of …

Torus Adds Personnel for New UK-based Property Team

Torus announced that it is in the process of establishing a London-based property tem to serve the UK. David Ring joins the Company to lead the new operations as UK Head of General Property. He is responsible for managing and …

XL to Move Corporate Domicile to Ireland

The struggling Irish economy heard some good news last week when XL announced that it is moving its place of incorporation to the Emerald Isle from the Cayman Islands, and will rename the company XL Group plc. Many of its …

Zurich Transfers More General Insurance Business to Irish Subsidiary

Zurich Financial Services Group has announced the transfer of the “vast majority of its general insurance portfolios in Italy, Portugal and Spain to local branches of its EU-based risk carrier Zurich Insurance plc, Ireland, (ZIP) effective January 1, 2010.” Zurich …