News
Aon Benfield: 95% of Chile quake loss reinsured
Broker Aon Benfield has revealed that 95% of the $8.5bn (£5.3bn) losses suffered during the Chile earthquake was covered by reinsurance.
Premium Credit appointed to UKGI
Premium Credit has been appointed as UKGI’s exclusive premium finance provider under its insurer sponsorship scheme.
MIB granted Jacobs appeal
The Motor Insurers' Bureau has been granted leave to appeal a landmark Court of Appeal decision allowing a Briton injured in a motor accident in Spain to claim against the body.
MIB granted Jacobs appeal
The Motor Insurers' Bureau has been granted leave to appeal a landmark Court of Appeal decision allowing a Briton injured in a motor accident in Spain to claim against the body.
JLT makes board appointment
Jardine Lloyd Thompson has appointed Mark Drummond to the role of executive director.
Lloyds Bank GI profit rises 1% to £372m
Lloyds Banking Group this morning reported that its profit before tax and fair value unwind from general insurance increased by 1 per cent to £372m in 2010.
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).
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.
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.
Moody’s: Allianz results validate Aa3 rating
Ratings agency Moody’s has claimed that Allianz Group’s recent financial results support its decision to grant the insurer an Aa3 insurer financial strength rating.
CCV signs Aldermanbury Declaration
Cullum Capital Ventures said it has signed up to the Aldermanbury Declaration as a demonstration of its ongoing commitment to professional standards.
Glencairn adds to food and drink team
Glencairn, a company within Faber & Dumas, the third-party wholesale brokerage arm of global insurance broker Willis Group Holdings, has appointed Jamie Webb as account executive, Glencairn Casualty.
Ironshore names property SVP
Ironshore has appointed Daniel Owen as senior vice president of its global property builders risk division.
Marsh staff missing following quake
Three broking staff based at Marsh’s Christchurch office are still unaccounted for after the building was destroyed this week in the 6.3 magnitude earthquake.
Halo enters German market
Halo Insurance has launched in the German motor insurance sector after partnering with Chubb.
Halo enters German market
Halo Insurance has launched in the German motor insurance sector after partnering with Chubb.
Cooper Gay hires head of broking for Singapore operation
Cooper Gay has appointed Jeremy Austen as head of broking for its Singapore office.
Aon Benfield CEO retires
Jean-François, who is currently Aon Benfield’s head of analytics, Benelux, is set to replace the present Brussels CEO, Bernard Suys, following his decision to retire in March 2013.
Aon Benfield CEO retires
Jean-François, who is currently Aon Benfield’s head of analytics, Benelux, is set to replace the present Brussels CEO, Bernard Suys, following his decision to retire in March 2013.
RSA reports £80m profit dip at group level
Insurer RSA has announced a group pre-tax profit of £474m for 2010 – down £80m on the figure for 2009.
APC drops minimum premium by up to 40% in SME push
Commercial insurance underwriting agency APC has set its sights on taking a larger share of the SME market by implementing a new area rating underwriting strategy for the lower crime level areas throughout the UK and Northern Ireland.
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).