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Fortis splits from bank

Fortis Insurance UK has stated its intention to move forward with "confidence and certainty for the ...

Top five post stories

The top five most popular stories on postonline.co.uk over the last week were: 1. CNA Europe CEO re...

HSBC covers flu schools

HSBC Insurance Brokers has confirmed it is covering two London private schools impacted by the swine...

Penny black's insurance week

Provident decided to treat some of its brokers to a spot of corporate hospitality recently, but ...

Admiral stake slashed

Munich Re has slashed its stake in Admiral Group by almost a third. The reinsurer sold 13 million sh...

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…

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.

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.

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.

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