Thursday 22 February 2018

Norgrove is new chief at Zurich


Zurich Insurance, which employs around 1,000 staff in Ireland, has appointed Ken Norgrove as the new chief executive of its general business in Ireland.

Mr Norgrove joins Zurich from Travelers Insurance, where he was vice president for international strategic development. The company is part of the Swiss-based Zurich Financial Services Group that has operations in Europe, North America, Asia-Pacific Latin America and other countries.

ACC Bank secures €6.8m judgment

ACC Bank has secured summary judgment for almost €6.8m on consent against a Galway property developer over unpaid loans. Tom Naughton of Bodane, Tuam -- along with another developer Sean Healy of Garrafraun, Tuam -- is also facing an additional claim for €5.2m summary judgment from ACC over other loans. The matter has been adjourned until June.

ISME welcomes state loan scheme

ISME has welcomed the announcement by the Government to introduce a state-backed loan guarantee scheme for SMEs who are struggling to get credit. Commenting after a meeting with the Enterprise, Jobs and Innovation Minister Richard Bruton, ISME chief Mark Fielding said, "This long-overdue initiative. . . should assist SMEs in sourcing badly needed credit."

Friends First gets €1m debt ruling

FRIENDS First Finance Ltd has secured judgment for almost €1m against a businessman over unpaid loans for investment and for leases on a Jaguar and a BMW. There was no appearance by, or on behalf of, Bryan Turley (38) of Aylesbury, Adelaide Road, Glenageary, Dublin, at the Commercial Court yesterday.

Barrington buys 50,000 AL shares

AER Lingus chairman Colm Barrington has bought 50,000 shares in the airline at a cost of €37,400. A stock exchange filing yesterday indicated that Mr Barrington acquired the shares last Friday. It brings his total holding in the airline to 200,000 shares.

Irish Independent

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