Lloyd’s/London
The professionalism push: Video interview with Sandy Scott, CII
Sandy Scott, chief executive of the Chartered Insurance Institute talks to Jonathan Swift about the challenges and opportunities facing the general insurance industry in its quest to embrace professionalism.
FSA boss assuages fears over insurance regulation
Financial Services Authority chief executive Hector Sants has assured the UK insurance market the new regulatory landscape will see insurance retain a separate identity from the banking sector.
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.
Learning from life: Could Solvency II bring life and general insurance closer together?
When the First Life Assurance Directive was passed in 1979, it spelled the end for new composite insurers. Steven McEwan explains why the advent of Solvency II may bring life and general insurance back in contact again.
Achilles receives FSA and Lloyd's go-ahead for Brit takeover
The Financial Services Authority has today given formal notice of its approval in respect of Achilles' acquisitions of Brit Insurance.
Marsh reports 22% rise in operating income to $972m in 2010
Marsh & McLennan Companies has reported net income increased to $855m (£529m) in 2010 compared to $227m (£141m) in 2009.
Jubilee “focused on growth” amid sale rumours
Lloyd’s insurer Jubilee has claimed that it is focusing on its future growth amid speculation that the company is up for sale.
Hyperion chair: IPO on track after 41% leap in EBITDA
Hyperion, the international insurance and re-insurance distribution group saw revenue increase 26% to £72.2m (2009: £57.2m) and EBITDA, excluding non-recurring items, rise by 41% to £12m (2009: £8.5m) for the year ended 30th September 2010.
Brit share deal extended for seventh time
The deadline by which Brit shareholders can accept or decline Achilles offer for the company has been extended yet again.
Amlin boss warns insurers could quit UK over Solvency II "gold plating"
Amlin chief executive Charles Philipps has warned his firm could relocate overseas because of Solvency II.
IAG buys reserve deterioration reinsurance for UK arm after $121m loss
Insurance Australia Group has conceded that it will report "a greater than expected insurance loss" of $121m (£76m) from its UK operation when it unveils its half year results on 24 February 2011.
Chief underwriting officer Matson to leave Lloyd's insurer Novae
Peter Matson is to stand down from his role as group chief underwriting officer and member of the board at Lloyd's insurer Novae on 30 April 2011.
Willis aims for $180m in global cost savings to fund end to pay freeze
Willis in undertake a global review of its operations in the first quarter of 2011 to help fund the end to its salary freeze.
Catlin bolsters 2010 result with US$144m reserve releases
Catlin Group this morning reported a US$406m (£253m) pre tax profit before tax for 2010 (2009: US$603m).
Beazley targets M&A in the wake of Solvency II
Beazley expects to reap "significant benefits" from merger & acquisition opportunities presented by Solvency II, if the new rules prove difficult to implement for some insurers.
Editor's comment: Never mind the setbacks
"There's unlimited supply. And there is no reason why". No, I'm not talking about the overcapacity in the UK motor market, but the opening lines to EMI by the Sex Pistols.
APPG - 20 years in force: Representation for the industry
With its 20th anniversary just passed, David Worsfold looks at the success of the All Party Parliamentary Group on Insurance & Financial Services, detailing some key highlights from two decades of debate.
Chaucer confirms bid rumours as Terra Firma enters frame
Chaucer has again become the subject of speculation in the market after it was revealed "a number" of potential buyers have made provisional approaches for the firm.
Mobile technology - Brokers: How can technology benefit the way brokers do business
With more advanced smartphones and tablet computers, Rachel Gordon asks if mobile technology is merely the latest passing fad, or the shape of the future for the broking community.
Interview - Marshall King: RFIB plans for the future
Softly spoken Marshall King has a track record worth shouting about. Lynn Rouse finds out about his plans to make sure everybody hears about broker RFIB.
AIG to strengthen Chartis balance sheet by $4.1bn after loss reserve review
Following completion of its annual comprehensive loss reserve review, AIG said today it expects to record a $4.1bn charge, net of $446m in discount and loss sensitive business premium adjustments, for the fourth quarter of 2010 to strengthen loss…
Insurer scoffs at ABI gender ruling warning – Insurance News Now – 10 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories, including the refusal of specialist female insurer Shelia’s Wheels to accept the Association of British Insurers’ suggestion that it could potentially have to re…
Xchanging predicts year-on-year fall in 2011 profit
Xchanging chief executive and founder David Andrews has stepped down from the role of chief executive with immediate effect.
Councils claim Supreme Court victory
The Supreme Court has found unanimously in favour of Harrow in the RMP v Brent/Harrow case.