News
Hiscox profits top £200m
Hiscox has recorded pre-tax profits up 186% to £201.1m (2005: £70.2m), while earnings per share on profit after tax was up 167% to 41.7p (2005: 15.6p).
Aon and Benfield reach £9.5m settlement over defecting brokers
Aon Re Global today announced it has reached a global and comprehensive settlement with Benfield Group of all of the litigation relating to former Benfield facultative reinsurance employees who recently resigned from Benfield and will be joining Aon on 1…
Amlin appoints finance head
Steve McMurray has joined Amlin as head of finance, reporting to group finance director, Richard Hextall.
RPC warns D&O cover not suitable after Companies Act reforms
Company directors could face an increase in claims against them as a result of the Companies Act 2006 but risk not having suitable insurance cover in relation to them, warned City law firm Reynolds Porter Chamberlain at its “Directors Duties – The New…
UK Drainage Network in £7m merger
The UK Drainage Network is to merge with its regional contract partner operations in a £7m move that will see it become one of the largest independent drainage companies in the UK.
Highway maintains profitability depite tough market
Motor insurer Highway has announced profit before tax of £19.1m, down around a third on the previous year (2005: £27.3m).
Catlin CEO boasts it is in the "strongest period in its history" after 2006 results
Catlin today reported income before tax of US$258.8m (2005:$19.7m), on gross written premiums of US$2.72bn and a combined ratio of 87 per cent for the year ended 31 December 2006. Including Welllington - which was acquired in December 2006 - the net…
Swinton creates Grey imports motor team
Swinton is launching Swinton Specialist, a dedicated team to handle quotes for non-standard motor insurance. Swinton said it believed the market was booming due to the reluctance of drivers over 30 to give up their modified cars.
HSA claims sales hike for cash plans
HSA, the healthcare solutions provider, has claimed that sales performance has jumped to a new record level, indicating a resurgence in the health cash plan market.
Oval buys London property specialist
Broking consolidator Oval has acquired specialist London based broker IVML increasing its market share of corporate and property business.
Benfield Corporate Risks spoils results party
(Re)insurance broker Benfield has stunned the financial markets by unveiling a dismal performance from its corporate risk division which marred an overall increase in margins and broking revenues for the 2006 year.
Benfield shares hit after results dip
Shares in reinsurance broker Benfield fell over 10% to 305p after posting pre-tax profits of £53m for the year end 31 December 2006 compared to £53.8m in 2005.
RSA reveals NWP up 3% following US sale
Royal and Sun Alliance has revealed net written premiums of £5.5bn - up 3% on last year - at its first annual results briefing following the ‘disposal of its last remaining legacy issue’.
Allianz health promotion targets sickness-absence
Allianz Cornhill has launched a health promotion scheme in a bid to boost the physical and mental he...
Time to test yourself
A selection of questions from various past-CII qualification papers
Employee background check specialist opens UK office
A Canadian firm specialising in background checks on potential and existing employees has opened its...
Pick of the Week
Anthony Gould editor in chief Post looks at the major news this week including: CII calls time on ann...
Appointment at Ace Global Markets
Mark Adams and Richard Bayman have joined Ace Global Markets' aviation department. Mr Adams has been...
Appointment at Vantis
Vantis has appointed Paul Johnson to head up a new Insurance Services division. Mr Johnson trained a...
HBOS profits hit by Paymentshield loss
Financial Results News
Appointment at Benfield Australia
Craig Patterson and Simon Race have been appointed to Benfield Australia's board of directors. Mr Pa...
Fraud focus: Fraud and public policy
Insurers face claims from two distinct legal entities, namely policyholders and third parties. Fraud...
Axa subsidiary eyes more broker acquisitions
Stuart Alexander is eyeing up further brokers to complement last week's acquisitions, which will bri...