Commercial
Keychoice Underwriting unveils new Ace-underwritten products
Keychoice Underwriting has launched a host of new products to be underwritten by Ace Europe.
Exclusive aggregator content now available
Insurance Insight’s weekly update is now live with an article discussing the potential for aggregator growth in France; and XL's Stuart Essex on the pitfalls of European expansion.
Exclusive aggregator content now available on Post Europe
Post Europe’s weekly update is now live with an article discussing the potential for aggregator growth in France; and XL's Stuart Essex on the pitfalls of European expansion.
Insurance Insight: View from the Top
Many firms believe that expanding their geographic footprint will not only increase their roster of clients, but also make them less dependent on one region or sector. But with wider reach comes added risk and firms looking to diversify should guard…
Post Europe: view from the top
Many firms believe that expanding their geographic footprint will not only increase their roster of clients, but also make them less dependent on one region or sector. But with wider reach comes added risk and firms looking to diversify should guard…
Premium Credit appointed to UKGI
Premium Credit has been appointed as UKGI’s exclusive premium finance provider under its insurer sponsorship scheme.
Brit Insurance CEO heralds performance in "stodgy" market
Brit Insurance has reported a profit before tax excluding the effect of foreign exchange on non-monetary items of £119.2m in 2010 (2009: £171.3m).
Brit Insurance CEO heralds performance in "stodgy" market
Brit Insurance has reported a profit before tax excluding the effect of foreign exchange on non-monetary items of £119.2m in 2010 (2009: £171.3m).
Chartis records $4bn loss in Q4 2010
Chartis reported a fourth quarter operating loss of $4.0bn, due to reserve additions net of discount and loss sensitive premium adjustments of $4.2bn, compared to a loss of $1.8 bn in the fourth quarter of 2009.
Chartis records $4bn loss in Q4 2010
Chartis reported a fourth quarter operating loss of $4.0bn, due to reserve additions net of discount and loss sensitive premium adjustments of $4.2bn, compared to a loss of $1.8 bn in the fourth quarter of 2009.
Glencairn adds to food and drink team
Glencairn, a company within Faber & Dumas, the third-party wholesale brokerage arm of global insurance broker Willis Group Holdings, has appointed Jamie Webb as account executive, Glencairn Casualty.
APC drops minimum premium by up to 40% in SME push
Commercial insurance underwriting agency APC has set its sights on taking a larger share of the SME market by implementing a new area rating underwriting strategy for the lower crime level areas throughout the UK and Northern Ireland.
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
RSA bolsters motor reserves and reports UK underwriting loss of £95m
RSA's UK business reported an underwriting loss of £95m (2009: profit of £75m) and a COR of 102.2% (2009: 98.0%) in 2010.
Keelan Westall sets £1m target for online launch
Barbon-owned wholesale property broker Keelan Westall is planning to launch an online trading platform in a bid to make transactions with its partners more efficient.
One Answer Network targets continued growth
One Answer Network has targeted gross written premium of £150m by the end of the year after surpassing the 50-member mark this month.
Interview - Paul Evans: Axa's split decision
CEO Paul Evans didn't hang about when it came to splitting Axa UK's personal and commercial businesses - and now he's promising brokers great service, products and relationships, as Jonathan Swift discovers.
No-claims household insurance discount considered by Axa
Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related losses and improve its book's profile.
Aviva seeks to double online
Aviva has unveiled plans to double the volume of business conducted through its commercial e-trading broker platform.
LV turnaround is almost complete, says O'Roarke
LV general insurance managing director John O'Roarke has revealed the task of turning around the business he joined in 2006 is "90% completed", as the firm saw a £33m increase in profit for 2010.
Quake sends insurers back to square one
Insurers' efforts in settling claims from the September earthquake in Canterbury, New Zealand are "back to square one" after this week's 6.3 magnitude earthquake, according to the chief executive of Cunningham Lindsey New Zealand.
Boisseau urges insurers to heed big freeze wake-up call
Groupama Insurances' chief executive has claimed the December freeze ought to have been "a wake-up call" for the insurance industry and claimed that Association of British Insurers' £1.4bn loss estimate is an "underestimation".
North of the Border: The underwriter knows best
In a recent decision, the Court of Session has reiterated that clauses in insurance contracts require to be interpreted in a commercially sensible way and it is the commercial sense of the reasonable underwriter that counts.