Commercial
Brit reports 8.5% drop in GWP
Brit Insurance has reported an 8.5% reduction in gross written premium to £1.22bn for the nine-month period ended 30 September 2010 (3Q 2009: £1.33bn), a decrease of 9.0% at constant exchange rates.
AIG CEO Benmosche says he "feels fine" after chemotherapy
AIG has announced that its president and chief executive officer, Robert H. Benmosche, has been diagnosed with cancer and is undergoing aggressive chemotherapy.
Brit agrees cash offer with bidders
Brit Insurance has reached agreement with Apollo Management and CVC Capital Partners that will see the insurer’s shareholders receive up to £11 per Brit share.
AIG CEO Benmosche says he "feels fine" after chemotherapy
AIG has announced that its president and chief executive officer, Robert H. Benmosche, has been diagnosed with cancer and is undergoing aggressive chemotherapy.
Allianz, BMW and Mini unveil tyre insurance product
Insurer Allianz and vehicle manufacturers BMW and Mini have joined forces to launch a new tyre insurance product.
NFU sales team joins Towergate
Towergate Risk Solutions has recruited four sales executives to its Glasgow business.
CCV buys two more brokers
Cullum Capital Ventures has completed two further acquisitions, with the purchase of Sussex-based Goodwood Insurance Services, and Bolton-based Standrings.
Jackson proposals to "restore balance" in negligence claims
The costs of settling clinical negligence claims have spiralled in the last 30 years with average claimants’ legal costs increasing by three times the rate of inflation since 1981, according to the Medical Defence Union.
Liberty expands UK property team
Liberty International Underwriters has made three regional appointments to its UK property insurance team.
Munich Re: renewable energy premium volumes set for 240% growth
In line with political targets, the share of renewable energies in power generation in Germany is expected to increase from a current 10% to 60% by the middle of the century.
Cooper Gay unveils re-brand
Specialist marine insurance broker, Junge & Co, has rebranded its reinsurance broking operations as ‘Cooper Gay Germany’.
Munich Re: renewable energy premium volumes set for 240% growth
In line with political targets, the share of renewable energies in power generation in Germany is expected to increase from a current 10% to 60% by the middle of the century.
Cooper Gay unveils re-brand
Specialist marine insurance broker, Junge & Co, has rebranded its reinsurance broking operations as ‘Cooper Gay Germany’.
Apollo sets sights on international treaty with Braddock hire
James Braddock is to join Apollo Syndicate 1969 in December as an underwriter specialising in international property treaty business.
Apollo sets sights on international treaty with Braddock hire
James Braddock is to join Apollo Syndicate 1969 in December as an underwriter specialising in international property treaty business.
The Insurance Fraud Awards 2010 - winners announced
Over 380 of the great and the good from the general insurance industry's fraud detection and prevention sector gathered in London last night for Post's Insurance Fraud Awards 2010.
UK non-life sector COR expected to peak at 101% claims Fitch
Fitch Ratings today said its outlook on the UK non-life sector remains stable, having been revised from negative in March 2010.
Hiscox unveils new charities product
Hiscox has launched a new liability and property product for charities, clubs and associations.
Zurich unveils Manley as Court's successor as European CEO
Zurich has today unveiled a series of key appointments within its General Insurance segment.
Meehan: I may go back into broking, or even a start-up
The former Axa customer experience director Paul Meehan has revealed he will bide his time before deciding what he wants to do having left the insurer last week.
Quinn bidders getting cold feet over claims according to reports
Several of the bidders for Quinn Insurance have expressed fears over outstanding claims, according to reports this morning.
Zurich unveils Manley as Court's successor as European CEO
Zurich has today unveiled a series of key appointments within its General Insurance segment.
Quinn bidders getting cold feet over claims according to reports
Several of the bidders for Quinn Insurance have expressed fears over outstanding claims, according to reports this morning.
Meehan could return with broker start-up
Paul Meehan is considering his options after exiting Axa Insurance just over two years after he was recruited by former chief executive Philippe Maso as customer experience director.