Articles by Daniel Dunkley
Crawford revenue up 21% to $285m in Q1
Loss adjuster Crawford has recorded revenue of $285m in Q1 2011, an increase of 21% (Q1 2010: $236.3m)
Lancashire Q1 profits steady at $8.6m despite “significant” cat activity
Lancashire Holdings has recorded a net profit after tax of $8.6m in Q1 2011 (Q1 2010: $8.2m), after incurring $75m costs from the Japanese earthquake-tsunami.
Chartis appoints chief actuary from Axa
Chartis has confirmed the appointment of former Axa chief actuary Fabrice Brossart to a newly created chief actuary role at the insurer.
Lloyds Banking Group reports huge £3.2bn Q1 losses after PPI provision
Part-nationalised Lloyds Banking Group has recorded a statutory loss after tax of £3.47bn for Q1 2011 (Q1 2010: £721m), after the bank made provisions of £3.2bn for payment protection insurance payout costs.
L&G general insurance premiums hit £71m in Q1
Legal & General has recorded £71m in gross written premiums in its insurance division in Q1 2011, an increase of 11% on 2010.
Economic risk “greatest threat” to businesses, Aon study finds
An Aon study has outlined economic risk as the “greatest threat” facing business leaders today.
Brit appoints professional risks head
Brit Insurance has appointed Daniel Mitchell as UK Portfolio Manager, Professional Risks.
Aspen records $151.7m loss in Q1 as profits hit by cat losses
Aspen has recorded a net loss of $151.7 million, including losses of $255.9 million, net of reinsurance recoveries, reinstatement premiums and taxes, resulting from the natural catastrophe events that occurred in the first quarter of 2011, down from net…
Towergate group reports Ebitda growth of £21m
Towergate Insurance Group has said it is "highly satisfied" with its performance in 2010, with Ebitda growth of 18% reported.
European M&A value up 62%, analyst reveals
The value of deals targeting Western European countries has risen by 62 per cent in the last 12 months, according to Zephyr, the M&A database.
Marketform adds to marine team
Lloyd’s insurer Marketform has confirmed that underwriter Gary Cooke will join the company on 1 June as head of marine cargo underwriting.
Markerstudy appoints new head of direct
Markerstudy Group has appointed Clive Fulcher, formerly of BGL Group, to the newly created role of head of direct products.
185 jobs at risk as IAG UK wields axe
Post has learnt that Equity Red Star, the UK arm of Insurance Australia Group, is set to make a host of staff redundant as part of sweeping cuts across the business. A total of 185 jobs are at risk.
Head of specialist markets latest to leave Axa
Mike Phillips, head of specialist markets at Axa commercial, has become the latest high profile name to leave the business, Post has learnt.
RBSI sale confirmed for H2 2012
At an Annual General Meeting with shareholders, Royal Bank of Scotland Chairman Sir Phillip Hampton has outlined the bank's insurance assets are to be sold in the second half of 2012.
Axa confirms senior commercial departure
As a result of the senior management restructure at Axa commercial, distribution director Keith Hector has left the business.
JLT granted South Africa license
Jardine Lloyd Thompson Group has confirmed that its South African business has been awarded a license to operate by the Financial Services Board.
PwC welcomes “clearer” view of Solvency II
PwC has responded to the speech made by Julian Adams, FSA Director of Insurance, at the FSA Solvency II Conference today.
Axis Claimspro targets global expansion
Axis Claimspro, the UK and International specialist loss adjusting operation and European division of Canada’s SCM Insurance Services, is targeting expansion of its specialist cash in transit dedicated claims support service on a worldwide basis
Axis Claimspro targets global expansion
Axis Claimspro, the UK and International specialist loss adjusting operation and European division of Canada’s SCM Insurance Services, is targeting expansion of its specialist cash in transit dedicated claims support service on a worldwide basis
Chaucer estimates Japan losses at between £27m and £35m
Chaucer Holdings has revealed an exposure to the Japanese tsunami-earthquake on 11 March 2011 of between £27.5 - £35m. As a result of this and other recent natural catastrophe events, Chaucer said it is to seek a “marked rise” for its catastrophe cover.
Lockton aims for “uninsurable” risks
Lockton is to launch enterprise disruption contingency insurance, designed to help companies cope with previously “uninsurable” risks.
Sean Quinn rues "mistakes” across empire
Sean Quinn admitted he "made mistakes" in his business career while thanking supporters for the role they played in helping keep Quinn Group in business.
Sean Quinn rues "mistakes” across empire
Sean Quinn admitted he "made mistakes" in his business career while thanking supporters for the role they played in helping keep Quinn Group in business.