Insurance Post Staff
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Pick of the week
Senior reporter Louise Meeson looks at the major news stories in this week's Post: former Highway MD Chris Hill set to return to the industry; Axa Insurance to overhaul systems as part of product redesign plans; Brit to move motor underwriting team from…
Bluefin buys Cumbrian insurance business
Bluefin Insurance Services has acquired the general insurance business of Lakeland Insurance Advisers.
MMC Q1 net income rises despite total revenue fall
US financial services giant MMC, the holding company for insurance broker Marsh and reinsurance broker Guy Carpenter, said that net income for the first quarter of the year rose to $176m from a $210m loss in the first quarter of 2008.
Arc Legal launches motor product to boost broker revenue
Arc Legal Assistance, the specialist legal expenses insurance provider, has developed a non-fault motor legal expenses product that it says will enable brokers to maximise their revenue earnings potential.
Crist to sign Flordia insurance bill - reports
Florida governor Charlie Crist has said that he'll sign legislation putting up insurance prices in the 'Sunshine State' by 10%, US newspapers has reported.
Ingham extends iQuote offering
Ingham Underwriting has widened its product offering on iQuote, its online trading system.
Company warns of drainage "timebomb"
Buildings erected in the second half of the 20th century are facing a potential "drainage disaster" due to poor pipe construction, according to a drainage inspection company.
Former Marsh boss steps down from Jelf
Jelf has announced that former Marsh UK boss Bruce Carnegie-Brown has resigned from its board.
Liberty Q1 net income tumbles $300m
Liberty Mutual Group, the US (re)insurance giant, said that net income tumbled over $330m to $28m for the first three months of the year, down from $360m this time last year.
Max Capital Q1 net income rises strongly
Max Capital Group, the Bermudian (re) insurer, said that net income for the first three months of the year to end-M arch rose to $44.5 m from $7.7m this time last year.
Argo Q1 net income falls on investment losses
Argo said that first quarter net income fell to $27m from $36.9m this time last year, thanks to realized and unrealized losses on its investment portfolio.
Munich Re says Q1 profits falls 45%, ups estimates
Munich Re, the German reinsurance giant, said that first quarter profit fell 45% to €420m, down from €777m in the earlier quarter.
Run off firm boss confident despite £2.1m fall in profit after tax
Run off specilaist Randall and Quilter has announced a profit before tax of £8.8m (2007: £7.0m) for the 12 months ended 31 December 2008, writes Post Magazine .
Helphire claims to have made "satisfactory progress"
Credit hire firm Helphire today said "Satisfactory progress" is being made on discussions with certain insurers to accelerate settlement, and payments commenced in March from one of these exercises which contributed to the improved cash performance. It…
Tenet launches new investment roadshows
Tenet, is to run a series of investment roadshows to support advisers in dealing with recent market volatility and future strategies.
Legal & General launches business protection DVD
Legal & General is launching a new DVD for advisers to use with their clients, to highlight the need for business protection and to help advisers write more policies in this area.
Munich Re says Q1 profits falls 45%, ups estimates
Munich Re, the German reinsurance giant, said that first quarter profit fell 45% to €420m, down from €777m in the earlier quarter.
AIG nearing Japan HQ sale
AIG, the struggling US insurer, said that it is nearing the sale of its Japanese headquarters.
Gulf insurers looking to avoid investing in equities - reports
Gulf insurers are looking to avoid investing in local equities, UAE newspaper 'The National' has reported.
Aviva launches new broker website and online trading platform
Ahead of Norwich Union's name change on 1 June, Aviva this month launches its brand new website for brokers, www.aviva.co.uk/broker and online trading platform, Fast Trade.
Biba to host credit insurance meeting
The British Insurance Brokers' Association has arranged for the Treasury, the Department for Business Executive and Regulatory Reform and credit insurance brokers to meet to discuss the new Trade Credit Insurance Top-up Scheme (TCITS), which was…
Beachcroft sets up new venture after Kingslegal swoop
Beachcroft is to open an office in Newport, South Wales, taking over 109 staff and the entire defendant insurance business of Kingslegal.
BGL affinity arm in senior hire
Junction, the affinity partnerships arm of the BGL Group, has appointed a new financial director, Mark Guttridge.
Fortis UK breaks free of banking ties
Fortis Insurance UK has stated its intention to move forward with "confidence and certainty for the future" following recent developments at group level.