Claims
Axa Corporate Solutions reports €1.93bn annual turnover
Axa Corporate Solutions posted a 2.3% growth in 2009 turnover on a comparable basis, reaching €1.93bn (£1.75bn), while underlying earnings were up by 17% at €133m.
Axa Corporate Solutions reports €1.93bn annual turnover
Axa Corporate Solutions posted a 2.3% growth in 2009 turnover on a comparable basis, reaching €1.93bn (£1.75bn), while underlying earnings were up by 17% at €133m.
Chile quake may be most expensive for insurers since 1994 – Munich Re
If quake damage costs insurers $8bn, as predicted by Eqecat, it will be the 2nd most expensive in history.
Editor's comment: A declaration of intent
The unveiling of the Aldermanbury Declaration could mark a turning point for the insurance sector.
Wuerttembergische Versicherungen agrees software deal
Insurer Wuerttembergische Versicherungen will optimise the scheduling of about 120 employees working in customer service at its Stuttgart site using workforce management solution In Vision Enterprise WFM.
Wuerttembergische Versicherungen agrees software deal
Insurer Wuerttembergische Versicherungen will optimise the scheduling of about 120 employees working in customer service at its Stuttgart site using workforce management solution In Vision Enterprise WFM.
Crawford sends back-up to Chile
Crawford & Company has mobilised its extensive staff of in-country, regional and Global Technical Services adjusters to handle the losses resulting from the devastating earthquake that impacted Chile on Saturday.
AI Claims wins "significant" intermediary deal
Credit hire firm AI Claims reported revenue increased by 59% to £38.2m (2008: £24.0m) for the six months ended 31 December 2009. Its EBITDA increased by 26% to £1.548m (2008: £1.225m) and adjusted profit before tax increased by 27% to £906k before IFRS 2…
Fitch: French windstorm losses material, but managable
Fitch does not expect losses from the catastrophe to result in a material capital erosion for the French insurance market. The agency expects that the rating actions due to the storm are likely to be limited.
Fitch: French windstorm losses material, but managable
Fitch does not expect losses from the catastrophe to result in a material capital erosion for the French insurance market. The agency expects that the rating actions due to the storm are likely to be limited.
RSA hit with £30m earthquake loss
RSA expects a financial impact of £30m, net of reinsurance, for claims arising from the earthquake in Chile.
Post in print - 25 March issue
Dan Dunkley outlines the major news headlines from this week's issue of Post, including CGS founders considering start-up, MMA to open three new branches, Medicals Direct targeting £40m turnover, Oval's purchase of JL Fisher and Junction seeking new…
40 killed in Europe windstorm
Northern and western France and parts of Germany have been battered by a severe windstorm in the last 48 hours that has caused at least 40 deaths.
40 killed in Europe windstorm
Northern and western France and parts of Germany have been battered by a severe windstorm in the last 48 hours that has caused at least 40 deaths.
Xchanging grows revenue by 35%
Xchanging has reported a 35% increase year-on-year in revenue to £750.4m in 2009 (2008: £557.8m) while underlying operating profit also grew 35% to £63.9m (£47.3m).
Xchanging grows revenue by 35%
Xchanging has reported a 35% increase year-on-year in revenue to £750.4m in 2009 (2008: £557.8m) while underlying operating profit also grew 35% to £63.9m (£47.3m).
Earthquake claims more than 700 lives
A major earthquake measuring 8.8 magnitude off the the cost of southern Chile has killed at least 700 people and caused economic damage of up to $30bn (£19.8bn).
Strong London market performance helps Hiscox treble profits
Hiscox has reported gross premiums written £1.44bn (2008: £1.15bn) and pre-tax profit of £320.6m (£105.2m).
Strong London market performance helps Hiscox treble profits
Hiscox has reported gross premiums written £1.44bn (2008: £1.15bn) and pre-tax profit of £320.6m (£105.2m).
CFC partners with Crawford
Underwriting agency CFC has appointed Crawford & Company to provide claims administration services to its brokers and clients.
Apil “disappointed” at plaques decision
The Association of Personal Injury Lawyers said it has always believed the House of Lord’s ruling should be overturned, so the government’s decision on pleural plaques is a disappointing end to a long, drawn out consultation process.
Allianz Insurance profit up 5.2%
The UK arm of the German giant recorded a combined ratio down 2.3 percentage points to 92.9%, with the retail business improving its COR by 8.2 percentage points over 2008.
HCML names new CEO
Rehabilitation provider HCML has appointed Keith Bushnell as its new chief executive, replacing former CEO Helen Merfield who takes up the new role of founder and clinical director.
Lloyds GI book hit by £156m rise in claims
The group saw its general insurance profit dip 32% in 2009 to £367m (2008: 537m) and overall insurance arm profit fall 34% to £1.2bn (2008: £1.54bn).