News
Novae considers move abroad
Novae Group's underlying profit before tax has improved 105% year-on-year to £36.2m (2009: £17.7m).
Heath Lambert boosts Edinburgh team
Heath Lambert has appointed two sales executives within its Edinburgh-based business development team.
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).
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.
Aviva UK GI profit improves to £579m
Aviva’s UK general insurance and health business reported £4.54bn in net written premium in 2010 (2009: £4.30bn) and an operating profit of £579m (2009: £535m).
Aviva UK GI profit improves to £579m
Aviva’s UK general insurance and health business reported £4.54bn in net written premium in 2010 (2009: £4.30bn) and an operating profit of £579m (2009: £535m).
AA sets out strategy for push into commercial market
AA Insurance is gearing up to expand its commercial insurance offering by tapping into the group's customer base across its many different trading channels.
Editor's comment: No-claims discount: is it a goer in household?
This was the question posed by Axa finance director Jean Drouffe in last week's Post, and follows a number of recent musings by those in the general insurance market about how to counteract the growth in household claims due to events that can be linked…
Howden targets energy and marine markets
Howden is planning to enter the offshore energy and marine markets in a bid to diversify its international book of business.
MIB to appeal Jacobs ruling
The Motor Insurers' Bureau has been granted leave to appeal a landmark Court of Appeal decision allowing a British holidaymaker injured in a motor accident in Spain to claim against it.
Court of Appeal ruling could see end of 'expert shopping'
A Court of Appeal judgment handed down last week could put an end to 'expert shopping' in personal injury and other claims, reducing settlement costs for insurers.
Industry begins counting cost of New Zealand quake
The insurance industry has begun estimating its exposure to the 6.3 magnitude earthquake that shook Christchurch, New Zealand.
RDT: cloud computing aids quick products
Insurance administration solutions specialist RDT has claimed the launch of the first rating engine using cloud technology will enable insurance providers to take products to market via aggregator sites more quickly and cheaply.
Allianz: double-digit rate rises needed
Allianz is set to apply rate increases of up to 10% on its commercial and retail books to return to profitability.
CILA to target skills gap with claims qualification
The Chartered Institute of Loss Adjusters is set to launch a claims qualification targeting back office claims managers, to fill what it perceives as a skills gap in the market.
JLT extends 'firepower' to £350m as bolt-on buys beckon
Jardine Lloyd Thompson has extended its unutilised debt facility beyond the £200m mark in order to fund new acquisitions.
SAGB shells out on deal
The Shellfish Association of Great Britain has agreed an exclusive deal with broker A-One Insurance Group and underwriter David Oliver Associates to provide commercial cover for its members.
Brit takeover to complete within two weeks
The takeover of Brit by Achilles is "ahead of schedule", with the deal expected to close in the next two weeks.
RBSI CEO Geddes reveals plan to float in tranches
Royal Bank of Scotland Insurance chief executive Paul Geddes has revealed that if it decides to go down the initial public offering route in 2012, this will probably be done in a number of tranches, rather than one offering.