Articles by Mairi MacDonald
Co-op Insurance operating profit up 346%
The Co-operative Insurance has reported a vastly improved operating profit of £30.3m in the first half of 2011 compared to the same period in 2011 (£6.8m).
Reinsurers take stock of Asia-Pacific risks
Reinsurers are bracing themselves for the next catastrophe in the Asia-Pacific region following the spate of catastrophes over the last two years, according to Fitch Ratings.
Suncorp GI profit up 26% despite cat loss
Suncorp has reported a significant year-on-year growth in net profit after tax of $724m (£478.7m)for the year to 30 June 2012 compared to $453m in 2011.
Hyperion boosts BP Marsh cash position
The partial realisation of its investment in Hyperion has improved BP Marsh & Partners’ cash position according to a trading update issued today by the venture capital provider.
Hyperion boosts BP Marsh cash position
The partial realisation of its investment in Hyperion has improved BP Marsh & Partners’ cash position according to a trading update issued today by the venture capital provider.
Rural founder to retire from business
The founder of agricultural insurer Rural Insurance, Lance Harvey, is to retire from the business after 17 years.
Aviva recruits former Bupa fraud boss amid uncertainty over senior jobs
Aviva has appointed Anne Green to the newly created role of head of fraud for underwriting, pricing and product.
UK General boosts commercial team with ex-Towergate hire
UK General has hired a former Towergate director Andrew Tailby as head of business development in the commercial division.
Zurich wins golf scheme
Zurich Insurance has won a long-term contract to underwrite a Glasgow-based golf scheme covering 600 UK golf clubs.
XL makes dual reinsurance promotion
XL’s reinsurance operations has appointed Mark Berry and Paul Simons to senior vice president and managing director, international property & specialty and senior vice president, head of US property treaty, respectively.
Canopius seals Omega deal
Private-equity backed insurer Canopius’s acquisition of Omega has completed today, increasing its annualised premium income to more than £1bn.
Pinsent Masons partner joins Plexus Law
A partner at Pinsent Masons has left the firm after 20 years to join the professional indemnity team of insurance law specialist Plexus Law.
Rias: Travel cover a must for families
Rias has reminded grandparents to take out adequate insurance when travelling abroad with their grandchildren.
Liberty sets sights on specialist risks
Liberty Syndicates is setting up a new underwriting team to focus on specialty products headed up by Peter Smith.
Amlin reports leap in H1 profit to £184.5m
Amlin has reported profit before tax of £184.5m in the first half of this year compared to a loss of £192.3m in the first half of 2011.
Towergate makes double acquisition
Towergate Insurance has acquired the non-life insurance business of Dean & Milward and Greaves Adams.
Lockton woos another ex-Lucas Fettes broker to Manchester operation
Clare Mackay is the latest Lucas Fettes broker to join Lockton's recently formed Lloyd's and London market unit in Manchester.
Ecclesiastical calls off wedding insurance
Ecclesiastical Insurance has promised soon-to-be married couples to honour all wedding insurance policies sold before 31 August, following plans to withdraw from the wedding insurance market thereafter.
Hannover Re profit soars despite €61m quake loss
Hannover Re has reported a 15.1% improvement in gross written premium for non-life reinsurance to €4.1bn (H1 2011: €3.5bn) compared with the same period last year.
ECIC rating affirmed by AM Best Europe
The Electrical Contractors' Insurance Company has had its A- rating affirmed with a stable outlook.
Aviva grows UK profit despite restructure hitting group operating profit
Aviva has reported a 10% fall in operating profit including restructuring costs to £935m in the first half of the year (H1 2011: £1.04bn).
Sluggish economy stifles rebuilding costs
The annual rise in the UK's index of house rebuilding costs is continuing to decline.
Axa direct and affinity restructure looms
Axa is expected to reveal the new structure for its direct personal lines and affinity business next week, following previously announced plans to merge the two operations.
XL underwriting returns to profit
XL's property and casualty business has reported a rise in gross written premium in the first six months of the year to $4.08bn compared with $3.86bn in the same period in 2011.