Commercial
Ageas' Tesco Underwriting posts £7m profit after Q1 loss last year
Tesco Underwriting, Ageas' household and motor partnership with Tesco Bank, generated a pre-tax profit of £7m in the first quarter compared with a loss of £4m last year.
Downward pressure poll
Is the market already seeing demand affected by downward pressure on disposable incomes?
All change as super-regulator hovers over Hong Kong
The Hong Kong insurance market is due to undergo some significant changes in the near future as an independent insurance regulator is established. Jonathan Swift looks at the market now and the challenges to come.
HSBC rumoured to be considering exit from Indian JV
Rumours in the market suggest that banking giant HSBC may exit its Indian insurance venture.
July reinsurance rate increases likely to be muted
Price increases in the July reinsurance renewal period are likely to be restricted to loss-affected sectors unless there is a further significant insured loss for the industry, according to Fitch.
Cyber risk rising in Asia
Cyber crime is on the rise in Asia, with small businesses particularly at risk, according to a recent Marsh report.
Post Broking Supplement: Commercial e-trading - Seeing the light
If e-trading in commercial lines is ever to rival the transformative powers seen in personal lines, insurers must commit to building game-changing capabilities.
Post Broking Supplement: Biba 2012 conference timetable
The event programme for the Insurance Brokers' Association Conference - Shaping our futures - on Wednesday 16 and Thursday 17 May 2012.
Keychoice Underwriting set to transfer business to Towergate
SSP-owned managing general agent Keychoice Underwriting is in talks to transfer its business to Towergate, Insurance Age has exclusively revealed this morning.
Zurich UK GI lags behind group with COR of 101.3% and underwriting loss
Zurich's UK arm has reported a business operating profit of $32m for the first quarter of 2012 (Q1 2011: $40m).
Post Broking Supplement: The big issues for brokers
With the British Insurance Brokers' Association conference looming, brokers are warming up for the networking event of the year and their best opportunity to thrash out market issues. Post caught up with some of the biggest hitting national players to…
Lloyd's: Can the market fully recover from the losses in 2011?
Lloyd's' market performance and underwriting discipline has long been praised by the industry but, after the near unprecedented losses in 2011, many are wondering whether it can fully bounce back.
Market moves: A reinvigorated rehabilitation sector
Hot on the heels of its management restructure, and luring of QBE claims director Andrew McBride to work in its New York office, Ace has unveiled a double promotion in UK & Ireland casualty.
My best 11: Elliot Miller, QBE
QBE national general manager Elliot Miller selects his Best XI for an insurance start-up. Miller has selected an entirely Scottish team, including a former Rangers legend in goal and a range of brokers and insurers.
Post Broking Supplement: Interview with Reich MD Simon Taylor
Reich Insurance managing director Simon Taylor talks acquisitions, art and his "service, service, service" mantra.
Post magazine - 10 May 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Sogaz opens in Serbia
Russian insurance firm Sogaz has opened its first foreign subsidiary in the Republic of Serbia.
Sign up to live webinar - Commercial property: Managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, and flood risk remains high on the agenda.
Sign up to live webinar - Commercial property: Managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, and flood risk remains high on the agenda.
RSA CEO Lee says Aviva-type deal would be "inherently risky"
RSA’s new CEO has insisted that it would shun major transformational deals because of the risk involved, while also insisting that it tends to walk away from bidding wars as these inflate acquisition prices.
Geddes eyes imminent job function separation as RBS divestment gathers momentum
Direct Line Group chief executive Paul Geddes remains confident that group separation will be achieved on schedule after announcing that job functions at the business will be operating on a standalone basis by the summer.
AIG reports $3.2bn Q1 net income
American International Group reported net income attributable of $3.2bn for the quarter ended 31 March 2012, compared to net income attributable to AIG of $1.3bn for the first quarter of 2011.
RSA ties-up £375m worth of Gallagher subsidiary OIM deals
RSA has this morning confirmed the completion of two new five-year household deals and a commercial combined deal with Gallagher subsidiary OIM Underwriting.
DLG records steady Q1 improvement as separation 'progresses well'
Direct Line Group has increased its Q1 operating profit by 25% on the same period last year to £84m, thanks to prior year reserve releases and higher investment income.