News
Hiscox cuts GWP in favour of profit
Hiscox has said its gross written premiums year on year reduced in the first nine months of the year by 3.0% to £1,169.5m (2010: £1,205.3m) as the group maintained underwriting discipline and walked away from poorly rated risks.
Helvetia Insurance Switzerland finally integrates Alba and Phenix
One year after takeover, Helvetia Switzerland is finalising the legal merger with its subsidiaries Alba and Phenix as announced on 1 November 2010.
Q3 market movements take toll on insurers' capital adequacy, S&P says
Recent financial developments, combined with marking-to-market of insurers' investments, has depleted European insurers' balance sheets, according to a report by Standard and Poor's.
CII launches initiative to boost young professionals
The Chartered Insurance Institute is hoping to bridge the generation gap between today’s industry leaders and tomorrow’s insurance professionals by launching broking, claims and underwriting focus groups.
Insurance Insight November
Insurance Insight November is now live with an article on The European Commission’s consultation on natural catastrophes; a look the challenges the life sciences sector is facing; and an interview with Jorge Luzzi, president of Ferma.
Bicycle Protect offers cover through retailers
Bicycle Protect is to offer comprehensive bicycle insurance products through nine new retailers and six more in the future.
Aviva appoints chief risk officer
Aviva has promoted John Lister to UK chief risk officer.
Geddes says RBSI won't "crack open the champagne" just yet
Bosses at RBS Insurance have attributed a dramatic third quarter operating profit turnaround of £615m over the past 12 months to a combination of factors, including an exit from broking personal lines and general business re-pricing.
ELD poll result
Will changes to the ELD slow market development?
Post and features editor Leigh Jackson scoop prestigious awards
Post Magazine was acclaimed again at the 2011 Association of British Insurers Financial Media Awards.
Covea clarifies launch delay speculation
In response to speculation regarding the launch of its new price comparison site, a spokesman told Post, Covea has reviewed its launch schedule following “valuable discussions” with consumers and its insurance partners.
RSA names regional manager
RSA has appointed Lee Mooney as regional manager, North east. He takes up the role with immediate effect.
Groupama reorganises commercial underwriting operations
Groupama has reorganised its commercial underwriting operations in Manchester in a move it hopes will maximise the potential of the growing number of business opportunities identified in each region.
Antares expands specie team
James Glynn is to join specialist Lloyd’s insurance business Antares as specie deputy underwriter with immediate effect.
EU & US conduct tests for cyber attacks in 'Cyber Atlantic 2011'
The first test of trans-Atlantic responses to cyber incidents, including cyber attacks, has taken place in Brussels.
DAS appoints operations head
DAS Group has named Richard Harris as head of claims assistance.
Strong US ties help rate Axa's entities as 'AA-'
Axa has had all its entities' insurer financial strength ratings affirmed at 'AA-' by Fitch Ratings.
Essay on financial regulation wins University DIMA prize
An essay on financial regulation has won this year's annual essay competition for graduates in BA International Insurance and European Studies at The Kemmy Business School, University of Limerick, Ireland.
RBSI sees slight dip in profit Q2 to Q3, but happy with performance YTD
Royal Bank of Scotland Insurance this morning reported an underwriting profit of £761m in 2011 to date - an increase of £591m versus September YTD 2010.
ESMA, EBA, and EIOPA appoint members of joint board of appeal
The three European Supervisory Authorities, ESMA, EBA, and EIOPA respectively, today appointed members and alternates of their joint board of appeal.
Thai floods: Insured losses creep up
Global reinsurance broker Aon Benfield has estimated the insured losses from the floods in Thailand could be at least US$4.6bn.
Parliamentary debate on no win no fee an “utter disgrace”
The Association of Personal Injury Lawyers has criticised the lack of parliamentary time allowed to discuss no-win, no-fee proposals in the Legal Aid, Sentencing and Punishment of Offenders Bill, during report stage.
Miller poaches professional indemnity expert from Aviva
Miller has today confirmed the appointment of former Aviva professional indemnity expert Mark Carver.
Reaction to proposed ELD extension
The CEA claims the proposed extension to the Environmental Liability Directive will be damaging for European insurers. Francesca Nyman asks the market for its initial reaction to the proposal.