Claims
Clarity given on fraudulent misrepresentation
Direct Line Insurance v Fox (Queen's Bench Division - 10 March 2009)
Linnett: Silence does not mean compliance
Linnett v Halliwells (Queen's Bench Division - 24 February 2009)
LFC acquires Roundhouse
LFC Insurance has acquired Essex-based commercial intermediary Roundhouse Insurance Brokers, and has...
Has Davies found final cog?
This week the Davies Group announced that it had decided to look outside its traditional claims and ...
Insurers mull Scots payout
Insurers may start paying pleural plaques claims in Scotland after a judge rejected their bid to def...
L&G dumps trio in household shake-up
Legal & General is to overhaul its household claims operation in a move that will see it terminate a...
Negotiation protection upheld
Ofulue & another v Bossert (House of Lords - 11 March 2009)
Legal and General head reports on economic slump
Legal and General head of fraud management Baden Smith, told delegates it was difficult to assert wh...
300 people laid off at Willis in Q1
Willis eliminated 300 positions in the first three months of 2009, the company's first quarter statement has shown.
Novae GWP rises 28%
Novae, the Lloyd's (re)insurer, said that gross written premiums for the first quarter of the year were up 28%.
Higher brokerage revenue pushes Gallagher's Q1 net income up
Higher brokerage income pushed Arthur J. Gallagher's net income during the first three months of the year, the company said.
Ace cheers Wall Street with strong Q1 showing
Switzerland-domiciled (re)insurer Ace cheered Wall Street when it reported a 50% rise in first quarter net income.
Arch Q1 falls but analysts impressed
Bermudian (re)insurer Arch Capital reported net income for the first quarter of the year to end-March was $139.9m, down from $189.4m.
Angel Underwriting launches D&O finance scheme
Small business directors and officers specialist Angel Underwriting has launched an interest free direct debit payment scheme across its entire range of D&O and professional indemnity policies.
Loss adjuster signs major partnership deal with Legal and General
Following a comprehensive review of the way in which its household insurance claims are managed, Legal & General has decided to working more closely with Merlin Claims.
Advent posts Q1 gain
Advent, the Lloyd's (re)insurer, posted a pretax profit of £1.8m, up from a pretax loss of £5.5m this time last year.
WR Berkley Q1 net income drops over $200m
WR Berkley's first quarter net income dropped by over $200m, the company said.
XL Q1 net income drops 16%; analysts say work still to do
First quarter net income at XL Capital dropped 16% but the company is on 'solid' footing, the company's chief executive said.
Axis Q1 net income driven down by investment losses
Bermudian (re)insurer Axis Capital said that net income fell to $116m from $238m in the first quarter of the year.
Axa launches new underwriting tool
Axa has developed a new underwriting tool designed to assess the risk of flood, subsidence and terrorism risks to its underwriters.
Garwyn strengthens Midlands services
LOSS adjuster Garwyn has appointed Ian Lane to the newly-created role of regional manager role for the Midlands.
RGA Q1 net income off 5%
Reinsurance Group of America, the US life reinsurer said that net income dropped 5% to $23.3 m, compared to $31.5 m in the prior-year quarter.
Chubb Q1 net income falls nearly 50%
Chubb, the US insurance giant, said that net income in the first quarter of 2009 was $341m, compared to $664m, in the first quarter of 2008, driven down by investment losses of nearly $270m.
IPC Q1 results down heavily; miss expectations
IPC Holdings reported first quarter net income of $8.3m, heavily down from $86.8m in the first quarter of 2008.