Commercial
Max Capital puts low cat loss down to "conservative underwriting"
Max Capital has reported net income of $36.4m for the quarter ended 31 March, compared to net income of $44.5m for Q1 2009.
CCV boss hails its M&A model as election uncertainty looms
Cullum Capital Ventures has acquired the general insurance portfolio of DTE Risk & Financial Management.
Online SME insurance specialist recruits new CEO from consumer sector
Online SME commercial insurance specialist Xbridge has appointed Jason Stockwood as its new CEO.
Hannover Re non-life book hit by major losses
Hannover Re has reported what it described as "vigorous premium growth" in the first quarter of 2010.
Torus set to complete Glacier acquisition
Property and casualty insurer and reinsurer Torus has acquired Glacier Group subsidiary Glacier Insurance subject to regulatory approval.
Hannover Re non-life book hit by major losses
Hannover Re has reported what it described as "vigorous premium growth" in the first quarter of 2010.
Torus set to complete Glacier acquisition
Property and casualty insurer and reinsurer Torus has acquired Glacier Group subsidiary Glacier Insurance subject to regulatory approval.
XL shareholders approve Ireland move and renaming to "Group"
XL Capital has received ordinary shareholder approval changing the parent holding company’s place of incorporation from the Cayman Islands to Ireland.
RSA extends rehab deal with two year agreement
RSA and The Parabis Group have signed a 2-year contract extension for the provision of the RSA Care claims management initiative.
XL shareholders approve Ireland move and renaming to "Group"
XL Capital has received ordinary shareholder approval changing the parent holding company’s place of incorporation from the Cayman Islands to Ireland.
DWF appoints new partner
Julie Bowker is the latest new partner to be appointed to DWF's 50-strong commercial insurance team in Manchester.
Postbox: Reform needs consideration
Ian Drewer, CEO, Strategic Risk Partnerships, writes to Post editor Jonathan Swift.
Comment - BI wordings: Refresh not reject
Business interruption wordings are under review, explains Damian Glynn, to minimise misunderstandings and unrealistic assumptions.
Interview - Ian Passmore: University challenge
Having started at Endsleigh 30 years ago as a graduate, managing director Ian Passmore knows the roots of the business. He talks to Mairi MacDonald about the future for the broker.
Towergate smooths IPO path with debt restructure
Towergate has enlisted investment bank JP Morgan to advise it on a debt restructure that will extend the length of time it has to repay monies owed by swapping bank debt and preferred shares for a stake in a new subsidiary.
Jelf appoints Barton as chief executive
Phil Barton, commercial director of Jelf Group, has been promoted to the newly created role of chief executive of the group's insurance business.
McLarnon handed new role in Cunningham expansion
Cunningham Lindsey has appointed Paul McLarnon as its first corporate development director to spearhead its expansion in this space.
Reborn takaful firm eyes commercial move
Shariah compliant insurer Salaam Halal has vowed to write commercial business in the UK on its re-entry to the market, following parent group Principle Insurance's acquisition by the Kuwait-based Al-Salam Group.
Prime Professions to replace Quinn on solicitors account
Prime Professions is poised to replace Quinn with another insurer for its UK solicitors account, with Zurich and Travelers as frontrunners, Post has learnt.
SSP reveals profits rise
Technology firm SSP has revealed that its profit had risen 5% to £17m on revenues of £75m (up 2%) for the 12 months ended 31 March 2010.
Regulator waits on UK plan
Quinn Insurance's administrators are to spend at least a week on actuarial analysis of the UK commercial lines market before submitting plans to the Financial Regulator about it re-entering further selected lines.
Aviva names first corporate risk clients
Aviva has named Streetcar and Marie Curie Cancer Care among its early client wins, as part of its renewed push in the corporate risk sector.
Coverzones shuts up shop after finance warning
Commercial insurance aggregator Coverzones has shut up shop less than two years after it commenced trading in June 2008.