Lloyd’s/London
Liberty outlines mid-corporate aspirations
Liberty Mutual Insurance Europe has outlined plans to expand into commercial lines mid-markets.
Chaucer reports £32.9m profit
Chaucer has reported profit before tax and foreign exchange on non-monetary items of £34.8m (2009 £75.3m) and profit before tax of £32.9m (2009 £42.0m).
Novae considers move abroad
Novae Group's underlying profit before tax has improved 105% year-on-year to £36.2m (2009: £17.7m).
Amlin hit by retro quake losses
Amlin’s results “beat consensus”, albeit driven by reserve releases, while its 88% combined ratio in difficult conditions was “impressive”, according to analysts at Jefferies International.
LMA revamps terms of engagement
The Lloyd’s Market Association energy claims group has presented their revamped ‘Terms of Engagement for Energy Loss Adjusters’ at this year’s Lillehammer Energy Claims Conference.
Brit appoints terrorism underwriter
Brit Insurance has announced the expansion of its war and terrorism team with the appointment of Charles Barrett as terrorism underwriter.
Hardy profit halves to £10m
Hardy has reported gross written premium of £279.4m (2009: £242m) and before tax of £10m (2009: £20.1m).
Mitsui Sumitomo at Lloyd’s launches claims charter
Non-life insurer Mitsui Sumitomo at Lloyd’s has launched its first claims charter as part of a drive to enhance the service delivered to brokers and their policyholders.
Investing in the profession - claims: a focus on training
There has been a lot of talk about professionalism in the claims sector. But while those operating in the field have long been granted access to significant training resources, what about those in the back office? Daniel Dunkley looks at whether things…
Broker focus – private equity: the start of a broader movement?
2011 has already seen one major broking private equity deal involving Towergate. Rachel Gordon assesses whether this is likely to be a one off, or the start of a broader movement within the intermediary market.
Hiscox targets political unrest for opportunities
Hiscox is looking for underwriting opportunities arising from the political unrest in the Middle East and North Africa.
Superbrands insurer rankings revealed
Allianz has set its sights on rising up the rankings next year in an annual league table of the UK's most successful brands after climbing 111 places to 219.
Amlin blames quakes for falling 2010 profits
Lloyd’s insurer Amlin has recorded a profit before tax of £259.2m for 2010 (2009:£509.1m), after £203.6m of losses from both the Chile and New Zealand earthquakes.
Crawford completes Italian deal
Crawford & Company has completed its acquisition of Italian liability loss adjuster Studio Bolton & Associati.
Career development & CSR: the death of the working wardrobe
Television series such as the popular Mad Men give viewers a unique glimpse into the bygone era of office wear. Suits and ties for men, dresses for women - no exception.
Lloyd’s market needs to move into a higher gear
Lloyd’s syndicates face an intensive period of activity if they are to meet the demanding Solvency II implementation schedule for 2011, according to Towers Watson.
LMA backs ban on referral fees
The Lloyd’s Market Association has backed government proposas to end recovery of conditional fee arrangements success fees and after-the-event premiums in its bid to reduce civil litigation costs.
Catastrophe exposure hits Hiscox profits
Hiscox has reported a fall in profits of more than £100m for 2010 after being hit a number of global catastrophes.
Exclusive aggregator content now available on Post Europe
Post Europe’s weekly update is now live with an article discussing the potential for aggregator growth in France; and XL's Stuart Essex on the pitfalls of European expansion.
Post Europe: view from the top
Many firms believe that expanding their geographic footprint will not only increase their roster of clients, but also make them less dependent on one region or sector. But with wider reach comes added risk and firms looking to diversify should guard…
Brit Insurance CEO heralds performance in "stodgy" market
Brit Insurance has reported a profit before tax excluding the effect of foreign exchange on non-monetary items of £119.2m in 2010 (2009: £171.3m).
Chartis records $4bn loss in Q4 2010
Chartis reported a fourth quarter operating loss of $4.0bn, due to reserve additions net of discount and loss sensitive premium adjustments of $4.2bn, compared to a loss of $1.8 bn in the fourth quarter of 2009.
Post history - 30 years ago: Loss adjuster heads to Indonesia
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
News analysis - regulation: Questions over reform
The latest consultation paper over regulation reform has left many questions unanswered. Amy Ellis talks to industry figures to find out more.