Articles by Amy Ellis
Munich Re transfers US hurricane and European windstorm risks to the capital markets
Munich Re has acquired coverage for US hurricane and European windstorm risks with a total volume of $75m from the special purpose insurer Queen Street V Re Limited, which in turn has placed a catastrophe bond for this amount in the capital markets.
Insurers may have to rethink Solvency II programmes
PwC has commented on the Financial Services Authority's Solvency II conference where the regulator announced new deliverables for insurers' Internal Model Application Process and commented on the ongoing impact of political uncertainties.
Financial strength rating becomes key for commercial brokers
High-grade insurance financial strength ratings have become much more essential to commercial brokers when they evaluate where to place risks, according to research from NIG.
XL appoints Gooding to board of directors
Ellen Thrower, who has served as an independent director of XL since 1995, will retire from the board effective immediately.
LV results "even better than planned"
Speaking to Postonline following LV's full year results which showed trading profits more than double to £72m, managing director John O'Roarke said that the insurer is £10m ahead of plan.
LV doubles profits in 2011
LV has improved its combined operating ratio by 6.5% to 97.7% for its full year results for 2011 from 104.2% in 2010.
No extra money to be spent on RBSI rebrand
The insurer is making sure it is in "good shape" as it waits on the group to work out the exact nature of its divestment.
Catlin sponsors Great Barrier Reef scientific expedition
Catlin is sponsoring a scientific expedition that will document the composition and health of sections of the Great Barrier Reef across a range of depths.
Ecclesiastical launches campaign to save churches from metal theft
Ecclesiastical is set to invest £500 000 to fit roof alarms to the worst-hit churches.
Catlin sponsors scientific expedition
Catlin is set to be the sponsor of a scientific expedition that will include the first study to document the composition and health of sections of the Great Barrier Reef across a range of depths.
ABI calls for reduction in fixed legal fees
The Association of British Insurers has said it is time to “put a brake on the UK’s exorbitant legal bill” which is costing UK consumers £1666 every minute.
Warehouse fire causes disruption
Over 100 residents from 30 properties have been forced to leave their homes following a fire at a Gloucestershire warehouse.
RDT launches Iphone app
RDT said its new Iphone and Ipad application delivers landscape business managers with real-time management information direct to their mobile device.
Barclays general insurance complaints soar
Barclays has reported an increase in general insurance complaints, from 38 187 in the first half of 2010 compared to 73 692 for the same period in 2011.
UK General signs £22m worth of new scheme deals
UK General has signed 11 new schemes deals during the past three months as it continues to grow its presence in the UK schemes market.
HCC COR jumps to 90.8%
The full year results for HCC Insurance Holdings show net written premium up to $2.2m (2010 : $2m).
Zurich's motor product to be rolled out on remaining aggregators "as soon as practically possible"
This follows the launch in December 2010 of a new online motor insurance product available direct via Zurich's website and through Confused.
Quindell placing to raise £30m
Brand extension company Quindell Portfolio has raised £30m through an oversubscribed placing with institutional investors.
House rebuilding costs show signs of moderating
The annual rise in the UK's index of house rebuilding costs produced by the Building Cost Information Service of RICS is showing signs of moderating.
Quinn Direct name dropped for Liberty Insurance
The new owners of Quinn Insurance have ditched the Quinn Direct brand, according to the Irish Independent.
Aon Limited appoints Pettigrew as non-executive director
Aon Limited, the UK risk management and reinsurance business of Aon Corporation, has appointed Jim Pettigrew as a non-executive director, with immediate effect.
Zurich reports $256m (£163m) UK operating profit
Zurich's UK general insurance business combined ratio improved 2.7% to 97%.
Raymond James wins High Court litigation on restrictive covenants
International law firm Faegre Baker Daniels LLP has successfully defended its clients, Raymond James and seven former Edward Jones financial advisors, in a high-value High Court restrictive covenant claim, resulting in all claims being dismissed and…
Economic, regulatory and talent issues holding back growth for insurance CEOs
Over two thirds (70%) of insurance CEOs are planning on changing their strategy over the next 12 months as they try to see past the current difficult economic and regulatory backdrop, according to PwC.