News
Beazley Q1 position a cause for optimism, claims analyst
Beazley has this morning reported Q1 gross written premium of $465m (£288.8m), representing a 9% rise on the same period last year.
Munich Re returns to first-quarter profit
Munich Re achieved a consolidated profit of €782m in the first quarter of 2012, compared with a loss of €948m in the same period a year ago.
Redomiciling still an option for dissatisfied Prudential
Prudential may still relocate outside the European Union as its lobbying campaign to alter Solvency II rules has failed to make a breakthrough thus far, according to Reuters.
Keychoice Underwriting set to transfer business to Towergate
SSP-owned managing general agent Keychoice Underwriting is in talks to transfer its business to Towergate, Insurance Age has exclusively revealed this morning.
L&G appoints Wilson as group CEO
Legal & General has appointed Nigel Wilson as group chief executive to replace Tim Breedon.
Zurich UK GI lags behind group with COR of 101.3% and underwriting loss
Zurich's UK arm has reported a business operating profit of $32m for the first quarter of 2012 (Q1 2011: $40m).
Hubbard returns to front line as Posner stands down
Former Axa UK chief executive Peter Hubbard has stepped up to the role of executive chairman at Leeds-headquartered MGA UK General Group after Howard Posner decided not to continue.
Law report: Defamation case is struck out
Law reports contributed by national law firm Berrymans Lace Mawer.
As Moss quits Aviva, speculation soars as to suitable CEO replacement
When Aviva announced on Tuesday that chief executive Andrew Moss was to step down, it came as little surprise to the market and shareholders appeared to welcome his decision.
Brokers warned about potential for commission fee mis-selling scandal
Brokers could find themselves at the sharp end of the next mis-selling scandal owing to commission and administration fees distorting their recommendations, according to one industry entrepreneur.
Second motor summit puts whiplash and young drivers at top of agenda
A proposed panel of independent medical practitioners to tackle whiplash, and affordable cover for young drivers, topped the agenda at the second motor insurance summit at Whitehall, as Transport Secretary Justine Greening lamented there is "no one…
Proposals for standardised contract law spark debate among UK insurers
Industry leaders have vowed to keep a close eye on EU proposals to harmonise insurance contract law across the continent, amid concerns that brokers could face policy wording headaches.
Law report: Councils warned of potential legal challenge as bid to extend duty of care fails
Law reports contributed by national law firm Berrymans Lace Mawer
Law report: Best practice would have avoided shotgun accident
Law reports contributed by national law firm Berrymans Lace Mawer.
Ask the expert: Juggling two job offers
After a series of interviews in the market, I've been made aware that a couple of offers are heading my way. I am really torn between them but also want to use this to my advantage. How can I best go about this?
Market moves: A reinvigorated rehabilitation sector
Hot on the heels of its management restructure, and luring of QBE claims director Andrew McBride to work in its New York office, Ace has unveiled a double promotion in UK & Ireland casualty.
Mapfre reports rise of 11.5% in Q1 revenues
Mapfre reported revenues of €6,835m in the first quarter of 2011, citing "sustained growth of the international business" for the 11.5% rise.
Allianz promotes Daws in risk control
Allianz has promoted Stuart Daws to manager, risk control within its commercial division.
NFU and Ageas pay Accident Exchange undisclosed settlements
NFU Mutual and Ageas have reached settlement agreements with credit hirer Accident Exchange over their use of Autofocus evidence.
Mapfre continues to grow outside Spain
Spanish insurer Mapfre has reported Q1 revenues of €6,835m, up 11.5%, thanks to sustained growth of its international business.
Broker fears truth in Aviva GI and life sale rumour
Brokers are worried that Aviva could be planning to split into general insurance and life, and sold off.
Ace Scotland boss Macfarlane looks at new staff and broker business
Ace's new Scotland boss, Andy Macfarlane, pictured, could add to the firm's 200-strong Glasgow office with Aberdeen being a possible location owing to the insurer's contacts in the oil and gas sector.
Policyholder action group slams 'basket case' Aviva
Philip Meadowcroft, co-founder of the Norwich Union Policyholders Action Group, has branded former Aviva chief executive Andrew Moss' £1.75m golden goodbye a "pay off for failure" and the insurer a "basket case".
Weightmans grows by a third on mergers
National law firm Weightmans has reported turnover up by a third (£19.1m) to £77.1m for the 2011/2012 financial year (2010/11: £58m).