Commercial
Post Magazine - 5 August 2010
The August 5 edition of Post magazine is now available to subscribers as a digital interactive e-book.
IUA welcomes US financial services reform
The International Underwriting Association of London has stated new US legislation will help London Market companies writing surplus lines business.
Torus targets London market with new casualty head from Aon
Torus has appointed David Whyman as senior vice president, UK head of casualty, based in London.
Munich Re records €709m profit in Q2 2010
Munich Re has achieved a consolidated profit of €709m (Q2 2009: €697m) in the second quarter of 2010.
XL CEO bemoans "anemic" pricing as it unveils 2010 Q2 results
XL has reported its operating income was $242.6m in the second quarter of 2010, compared to $291.4m in the second quarter of 2009.
Torus targets London market with new casualty head from Aon
Torus has appointed David Whyman as senior vice president, UK head of casualty, based in London.
Munich Re records €709m profit in Q2 2010
Munich Re has achieved a consolidated profit of €709m (Q2 2009: €697m) in the second quarter of 2010.
QBE: only one in six SMEs looking to hire more staff in 2010
According to new research from QBE Insurance 85% of SME respondents to its latest survey are not looking to hire in 2010.
Axa-owned broker Bluefin sees 4% drop in revenue in first half of 2010
Axa-owned broker Bluefin Insurance Group revenues were down 4% to £57m for the first six months of 2010, it reported this morning.
Postscript - 10 years ago: Aggressive start to new solicitors' PI
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Axa UK CEO Moreau to leave for top job in France
Axa has confirmed long standing speculation that its UK CEO Nicolas Moreau is to leave his role and become CEO of Axa France.
News analysis - NIG withdrawal: NIG: a very personal exit
The announcement of the proposed closure of NIG's personal lines business last week has raised a host of questions.
Brit CEO: shareholders are key, not my own future
Brit Insurance has boosted profits and reduced its overall book, in what is expected to be its last set of results before its sale to Apollo Management.
Editor's comment: Can NIG win back trust?
The news of NIG's proposed withdrawal from the personal lines market has caused considerable discussion this week both on the Post website and in the magazine.
Autofocus seeks bidders
The administrators of credit hire reporting firm Autofocus have published a marketing document to attract buyers to the company.
Towergate: bond issue is still on 'to do' list
Towergate is keeping the brakes on its £665m bond issue in response to little improvement in the financial markets.
Mitie targets top spot in property claims sector
Strategic outsourcing specialist Mitie has unveiled ambitious plans to become the leading property claims company within five years, after announcing its entry into the market this week.
Axa UK CEO Moreau to leave for top job in France
Axa has confirmed long standing speculation that its UK CEO Nicolas Moreau is to leave his role and become CEO of Axa France.
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.
Liberty Syndicates enters UK motor market
Liberty Syndicates is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
PWC raids FSA for Solvency II expert in recruitment drive
Pricewaterhouse Coopers has made a number of changes to its UK insurance group, including new hires, new partner promotions and internal moves.
Catlin appoints Schmidt as European reinsurance CEO
Catlin Group has confirmed Peter Schmidt has been appointed chief executive officer-European Reinsurance.
PWC raids FSA for Solvency II expert in recruitment drive
Pricewaterhouse Coopers has made a number of changes to its UK insurance group, including new hires, new partner promotions and internal moves.