Commercial
KPMG appointed as First City's administrator
David Costley-Wood and Michael Walker, restructuring partners at KPMG, have been appointed joint administrators of First City Insurance Group and its subsidiary company, First City Partnership by the companies’ directors.
L&G wins new GI deal
Legal & General has been appointed to the insurer panel at Pink Home Loans and BDS Mortgage Group to provide general insurance products.
London P&I Club increases free reserves by 22% in 2009/10
THE London P&I Club has reported a financial year surplus of $25.9m for the year ended 20 February 2010.
Munich Re most protected from earning volatility claims Fitch
The recent capital markets crisis has created considerable challenges for European reinsurers seeking to minimise the volatility seen in their financial results over the past few years, according to Fitch Ratings.
Allianz tops Towergate service survey
Latest research conducted by Towergate Risk Solutions has revealed Allianz as the top performing key insurer servicing its broking operations.
Finnish insurer latest to be linked with Quinn bid
Anglo Irish Bank is in talks with Finnish insurance group Sampo, about a takeover of troubled Quinn Insurance.
Munich Re most protected from earning volatility claims Fitch
The recent capital markets crisis has created considerable challenges for European reinsurers seeking to minimise the volatility seen in their financial results over the past few years, according to Fitch Ratings.
Finnish insurer latest to be linked with Quinn bid
Anglo Irish Bank is in talks with Finnish insurance group Sampo, about a takeover of troubled Quinn Insurance.
Hampden returns to profit in 2009
Hampden Underwriting, which provides investors with a limited liability direct investment into the Lloyd's insurance market, today said premium written during the year totalled £8.6m.
Snowball insists job cuts are not on the agenda for now with GI plan
Suncorp has outlined plans for a 3% improvement in its underlying general insurance margin over the next two years.
Insurer issues warning over GI premium growth
Danish insurer Topdanmark has recorded a post-tax profit increase of DKK 268m in Q1 2010 from DKK 35m in Q1 2009.
Danish insurer slips into the red in Q1
Danish insurer Trygvesta has reported a loss of DKK -354m (2009 Q1: DKK 437m) in the first quarter of 2010.
Insurer issues warning over GI premium growth
Danish insurer Topdanmark has recorded a post-tax profit increase of DKK 268m in Q1 2010 from DKK 35m in Q1 2009.
Danish insurer slips into the red in Q1
Danish insurer Trygvesta has reported a loss of DKK -354m (2009 Q1: DKK 437m) in the first quarter of 2010.
Lloyd's insurer welcomes China licence move
Lloyd’s being granted a direct insurance licence in China will give “a significant boost” to Sportscover’s business from China, according to its managing director, Peter Nash.
BIBA 2010: Conference heads to Manchester next year
British Insurances Brokers' Association chairman Patrick Smith has announced in his closing address at Biba’s 2010 conference and exhibition that next year’s event will be held at Manchester Central on Wednesday 11 and Thursday 12 May 2011.
US insurance giant admits Quinn interest
US insurance giant Liberty Mutual has contacted the administrators of Quinn Insurance to express an interest in taking over the company.
Lloyd's insurer welcomes China licence move
Lloyd’s being granted a direct insurance licence in China will give “a significant boost” to Sportscover’s business from China, according to its managing director, Peter Nash.
US insurance giant admits Quinn interest
US insurance giant Liberty Mutual has contacted the administrators of Quinn Insurance to express an interest in taking over the company.
Henderson Insurance recruits to further expansion plans
Henderson Insurance has added to its staff, and confirmed plans to expand further from the Manchester office of recently-acquired subsidiary UK Credit Insurance Specialists.
QBE raids Allianz for new broker manager
QBE has appointed Judy Holt to the newly created role of manager, broker development, to support the continued expansion of QBE’s offering in the UK and Ireland.
BIBA 2010: Evolution ties up risk management deal
Evolution Underwriting Group has launched an initiative with the aim of providing its brokers and policyholders with exclusive deals on an online range of products from Cardinus Risk Management.
BIBA 2010: Lexicon exec hails insurance broker resilience
The insurance broking sector has performed at a “remarkable” level in the midst of economic turmoil by tackling cost bases to protect profit margins, a market analyst told panel members at a fringe event at the British Insurance Brokers' Association…
Ex-Aviva public affairs head urges Tory colleagues not to scrap IIWG
The former head of public affairs at Aviva and new Conservative MP Tracey Crouch, believes the Insurance Industry Working Group report should not simply be scrapped because of a change of government.