Lloyd’s/London
MMC chief content with insurance arm in light of soft market
Marsh & McLennan Companies has reported that consolidated revenue in the first quarter of 2010 rose 7 percent to $2.8bn from Q1 2009 and was flat on an underlying basis.
CEA boss outlines concerns to Commission public hearing
The CEA, the European insurance and reinsurance federation, today reiterated its support for the EU’s new Solvency II regulatory regime but called for more work to be done on the Level 2 measures that will put the flesh on the bones of the Framework…
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.
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.
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.
GI job demand hits new high, although salaries go backward
Salary offers for new jobs dropped back below 2009s level, although demand from UK employers for new workers remained steady in April according to the Reed Job Index published today.
10 years ago: Limit merger off after QBE approach
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from past an article published 10 years ago reveals.
Comment - BI wordings: Refresh not reject
Business interruption wordings are under review, explains Damian Glynn, to minimise misunderstandings and unrealistic assumptions.
The Aldermanbury Declaration - watch the debate
If you missed yesterday's live webinar debating the recently launched Aldermanbury Declaration it is now available for viewing on-demand.
The TV leader's debate on the economy - who won?
Last night the three main political leader's debated the economy live on the BBC.
Novae gross premiums up 48% in first quarter
(Re)insurer Novae, says its gross written premium for the first three months of 2010 hit £167.2m, up 48% on last year's £113.1m.
Post lauded at prestigious awards bash
Post news editor Mairi MacDonald was last night crowned trade general insurance writer of the year at the Headline Money Awards.
Willis international arm hit by "weak" UK and Ireland
Willis has reported net income from continuing operations for the first quarter of 2010 was $204m, compared with $192m in the same period a year ago.
Chartis CEO mulls options for European HQ
Lex Baugh, president and chief executive of Chartis Europe Holdings, has refused to rule out any insurance centre on the continent as a possible headquarters for the newly established group.
Election 2010 - who do you think has performed the best?
With the last televised leader's debate tonight which of the three main political leaders do you think has performed best in the run up to the election?
Samian eyes UK brokers after Safeonline deal
Independent Lloyd's broker Safeonline has acquired Samian Underwriting Agencies. The transaction, which completed on 15 April, saw all Samian's business and the four members of staff joining the 12-strong team at Safeonline.
Alexander Dreyer joins Miller to head the European financial institutions team
Miller has enhanced its financial institutions business with the appointment of Alexander Dreyer.
LMA nominates Beaton as Xchanging rep
The Board of Xchanging Claims Services has announced that Ian Beaton has been appointed as the Lloyd’s Market Association’s representative to be a non-executive director of XCS.
Gable in new French broking tie-up
AIM-listed Gable has signed a new agreement with its French broker, France Assurance Consultants, to provide a programme of property related risk insurance.
QBE CEO content with alllowances for large claims after $470 Q1 hit
QBE has revealed that its estimated large risk and catastrophe claims, which are defined as net claims of $2.5m and above, for the year to date are $470m. This compares with an estimated net $430m for the same period in 2009.
New recruit at Markel to help grow accident and health business
Property and casualty insurer Markel International, has recruited Mike Bridgeman to head the development of accident and health business within its specialty division.
Geneva Association opposes IMF proposal
Insurance think tank, The Geneva Association has issued a letter to the Central Bank Governors of the G20 in which it claims the financial stability tax proposal of the International Monetary Fund fails to adequately address the distinct nature of the…
BPO firm expects to see growth in second half of 2010
Xchanging, the business processing company, today said it expected growth to be weighted towards the second half of 2010 due to the time it takes to conclude deals in its markets, including the London insurance market.
BWS and Oxygen launch London market broker
Brokerage World Solutions and Oxygen have joined forces to launch a new London market intermediary.