Zurich Insurance
Zurich sees COR rise past break-even point
Zurich aims to reduce the combined operating ratio in its UK general insurance business in 2010 after it deteriorated beyond the break-even point due to rising expenses.
Zurich UK reports £2bn GWP
Zurich UK General Insurance has reported gross written premiums and policy fees of £2.03bn ($3.18bn). Net earned premiums and policy fees were £1.96bn ($3.07bn) and the business operating profit was £146m ($229m).
Zurich proposes new director
Josef Ackermann is expected to be elected to the board of directors of Zurich Financial Services on 30 March at its 2010 AGM.
Zurich proposes new director
Josef Ackermann is expected to be elected to the board of directors of Zurich Financial Services on 30 March at its 2010 AGM.
Zurich sees GI COR improve to 96.8% as GWP drops 4%
Zurich this morning said its 2009 general Insurance business operating profit was US$3.5bn, down 2% in USD but up 1% in local currencies.
AA insurance boss: deals "drying up"
The AA has reported that car insurance premiums rose more sharply in the last quarter of 2009 than at any other point since the launch of its UK insurance premium index in 1994.
Marsh raids Zurich for new energy claims boss
Insurance broker Marsh has appointed Martin Clark as the UK leader of its energy claims team from Zurich Financial Services.
Editor's comment: Interest in rates up
The issue of rates — and, more specifically, motor rates — is certainly getting a lot of attention at the moment.
Lancashire appoints energy chairman
Lancashire Holdings has appointed Len Messenger as chairman of energy for its UK operating subsidiary, Lancashire Insurance Company.
Zurich backs ILO facility
CEO Martin Senn said donation wwas critical to long-term business plan.
Zurich raids Allianz for marine underwriters
Zurich has appointed Rod O’Malley and John Gibson from Allianz as senior market underwriters in its marine cargo team.
Zurich gains senior AIG underwriter
Greg Cropp, energy excess casualty writer at AIG, has moved to Zurich North America, where he will be the vice president of energy excess casualty.
Insurers support banks against tougher regulation at Davos
Lloyd's, Zurich and Swiss Re have leant their support to bankers attempting to fend of reforms of the financial services industry at the World Economic Forum in Davos.
Post Magazine 28 January 2010
This issue featured an interview with new Zurich UK general insurance CEO Stephen Lewis, a review of the industry's recent PPI troubles, a look at Directors & Officers' market and soem indepth legal updates on professional negligence, broker duties,…
Aon sweetened as Prudential stays
Aon Global has kept the broking rights for UK insurer Prudential, Reinsurance can reveal.
Holman appoints head of UK sales and marketing
John Holman and Sons has appointed John McCheyne as head of UK sales and marketing.
Directors' & Officers' - economic impact: Bitten by the risks?
The credit crunch threatens to bring a rise in directors' and officers' claims. Jane Bernstein investigates whether this threat is becoming a reality and how this is affecting sales of the product.
Interview - Stephen Lewis, Zurich: Making an entrance
Stephen Lewis has returned to the UK insurance market after eight years to take the position of chief executive of Zurich general insurance. Mairi MacDonald talks to him about his plans for the business.
Asbestos claims to cost insurers £11bn by 2010
The estimated future cost of UK asbestos-related insurance claims has almost doubled between 2004 and 2008, according to new actuarial analysis.
Zurich names first global head of marine claims
Zurich has appointed Steve Gillen as its first global head of marine claims.
Zurich updates risk model
Zurich Financial Services Group has enhanced its Global Risk Assessment Module - Gloram, which is designed to assist businesses cope with risk management.
Zurich reveals senior travel and personal accident appointments
Zurich Financial Services Group has appointed Brian Armstrong as head of personal accident and business travel, and Steve Coleman as senior PA & BT development underwriter for UK general insurance.
Penny black's insurance week
Jeepers! Penny spotted the always dapper Lorega chairman, Malcolm Harvey last week apologising profusely to another driver after a minor jeep-on-4x4 incident in Haywards Heath. Penny is not sure exactly what happened — but it sounded like Mr Harvey's…