Lloyd’s/London
Kiln releases syndicate results
Lloyd’s managing agency RJ Kiln has released the final results for its managed syndicates for the 2007 year of account, updated forecasts for the 2008 year of account and initial forecasts for the 2009 year of account.
View from the top: Election outcomes
With opinion polls suggesting the margin has narrowed to as little as 7% between the Conservatives and the Labour Party, all eyes are on the coming general election.
Editor's comment: A declaration of intent
The unveiling of the Aldermanbury Declaration could mark a turning point for the insurance sector.
Liberty Mutual reports mixed earnings
Liberty Mutual, the US (re)insurance giant, reported a mixed set of earnings for the fourth quarter and in 2009.
Russia to support Iran sanctions
Russian president Dmitry Medvedev has said that he still hopes to avoid new punitive measures, but added Russia could not wait forever for cooperation by Tehran.
Chile earthquake may cost insurers up to $8bn, says Eqecat
The massive earthquake that hit Chile may cost insurers up to $8bn, Eqecat has said in a note to clients.
JLT restructures UK business to capitalise on new MGA unit
News comes as broker reported a 14% rise in fees and commissions to £612.9m (2008: £536.1m) and a 28% jump in underlying profit excluding exceptional items to £97.1m (2008: £76.2m).
Berkshire Hathaway net income jumps
Berkshire Hathaway's fourth quarter and yearly net income increased.
Argo moves into marine cargo
Argo has added marine cargo to its portfolio appointing Nick Derrick from Chubb Insurance as class underwriter to lead the new business.
Xchanging grows revenue by 35%
Xchanging has reported a 35% increase year-on-year in revenue to £750.4m in 2009 (2008: £557.8m) while underlying operating profit also grew 35% to £63.9m (£47.3m).
Jubilee announces new senior appointments
Jubilee has today announced the next stage of its strategic growth plans with Clive Buesnel as their new group chief executive officer and Andreas Loucaides as group development director.
Strong London market performance helps Hiscox treble profits
Hiscox has reported gross premiums written £1.44bn (2008: £1.15bn) and pre-tax profit of £320.6m (£105.2m).
Post in print - 4 March issue
Post reporter Dan Dunkley outlines the major news stories from this week's issue of Post.
Amlin results show record profit
Profits at Amlin up by over £370m from 2008. However, group results padded by £174.1m reserve releases.
Chilean earthqauke may cost $15-30bn, says Eqecat
The earthquake that struck offshore of Southern Chile could cost $15-30bn, according to risk modelling firm Eqecat.
AIG shares down 8% after reporting heavy losses
Shares in AIG were down 8% in mid-morning trade on the New York Stock Exchange after the beleagured insurer reported a net loss of $8.9bn in the fourth quarter of 2009.
QBE Europe profits dip on back of increased claims
The business reported a rise in incurred claims to A$2.01bn (2008: A$1.76bn), whilst its expenses reduced to A$426m (2008: A$483m).
Lancashire net profits rise despite fall in premiums
Lancashire's net profits rose in the fourth quarter and in 2009 despite a fall in gross written premiums during the periods.
Price Forbes Fac brokers leave - sources
Four facultative reinsurance brokers have left Price Forbes amid rumours that it is closing its facultative reinsurance broking team, Reinsurance has learned.
Looking Back - Inquiry into the missing Salem tanker
Fraud squad officers are planning a month-long inquiry in South Africa, Greece and Liberia into the riddle of the missing $24m tanker Salem (215 000 tons) and its oil cargo worth $56m, which vanished en route to Europe in January.
In Series - Solvency II: Stretching for the summit
Preparing for Solvency IIis turning out to be a much bigger challenge than many initially anticipated. Sam Barrett reports on what companies are doing to scale up in time.
Election 2010: Interview - Mark Hoban MP, Conservative
If the Conservative Party regains power at the 2010 elections, the insurance industry can expect to see a massive shake-up. In the first of Post's six-part profile of all the major parties Stephanie Denton talks to MP Mark Hoban, shadow minister for the…
Fenchurch in Temple tie-up
New legal practice Fenchurch Law has agreed a deal with legal expenses insurer Temple Legal Protection to offer clients after-the-event policies on a delegated authority basis.
Guy Carpenter COO to leave company- sources
Another senior member of Guy Carpenter's executive committee has resigned from the broker, Reinsurance has learned.