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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.
Boat insurance fraud trebles
Yacht and motorboat insurer Navigators and General, which is part of the Zurich Group, has seen the cost of fraudulent pleasure craft claims more than treble in the first three months of 2009.
Iron-Starr Excess appoints new COO
Iron-Starr Excess Agency Ltd, the joint venture between CV Starr and Ironshore, said it has appointed Michael Warwicker as chief operating officer of Iron-Starr Excess Agency.
Flagstone Re Q1 net income up
Flagstone Re, the Bermudian (re)insurer, said that net income for the first quarter of the year rose to $35.7m from $32.7m the year before.
Hannover Re Q1 net income soars; beats expectations
Hannover Re, the German (re)insurance giant, said that first quarter net income rose by over 42%, to €216.1m from €151.5m over the same period last year.
Axa targets mid-corporate sector with new launch
Axa has re-designed its motor trade offering with what it claims are improved product benefits and expanded capability for both SMEs and the larger corporate market.
Validus increases GWP to £609.9m
Validus, the Bermudian (re)insurer, reported a net income of $94.9m for the first three months of the year to end-March, compared to net income of $66.5m for the corresponding period of 2008.
Former RSA CEO joins Distinct Consulting
Former RSA chief executive officer Jeremy Riley has been hired as managing partner of Distinct Consulting.
QBE boosts European business with new appointment
QBE European Operations is pleased to announce the appointment of Stephen Slingsby as general manager operations, European Markets.
Cooper Gay reports 22% jump in income
Broker Cooper Gay has today announced 22% increase in income to £83m (£68.1m) and an earnings increase of 15% to £18m (2007: 15.6m) for the financial year ending 31 December 2008.