News
Everest Re Q2 profits drop as CEO announces retirement
Everest Re reported second quarter 2010 after-tax operating income, which excludes net realized capital gains and losses, of $184.8m, or $3.18 per diluted common share, compared to after-tax operating income of $256.2m, or $4.16 per diluted common share,…
Scor reports Q2 surge in net income but first half results down
Scor records a net half-year income of EUR 156m, compared to EUR 184m in 2009. Net income of EUR 120m in Q2 compared to EUR 91m in the second quarter 2009.
Competition Commission launches PPI consultation
The Competition Commission has unveiled a consultation paper on the way retail payment protection insurance is sold.
Claims outsourcing firm sees losses narrow in first half of 2010
Resources in Insurance Group, a provider of claims management and consultancy solutions to the UK insurance profession, this morning said revenue increased by 35% to £925 146 (2009: £687 805) for the first six months of 2010.
Outgoing IAG UK boss Neil Utley backs £74m buyout
KBC Group and KBC Peel Hunt have reached agreement over a buy-out of KBC Peel Hunt for a total consideration of £74m.
Scor reports Q2 surge in net income but first half results down
Scor records a net half-year income of EUR 156m, compared to EUR 184m in 2009. Net income of EUR 120m in Q2 compared to EUR 91m in the second quarter 2009.
Willis UK sees growth after several negative quarters
Willis Group has reported net income from continuing operations for the quarter ended June 30 was $89m, compared with $87m in the same period a year ago.
Aon Benfield boss joins GC France
Philippe Renault will join Guy Carpenter as president and chief executive of its Paris operations,
Torus expands European operation
Torus has appointed Esther Fittinghoff as professional lines manager and Kurt Fleischmann as senior casualty underwriter.
Third party injury claims are rising
This is according to the preliminary findings of a report due to be published later this year by the Actuarial Profession’s third party motor insurance working party.
Aon Benfield boss joins GC France
Philippe Renault will join Guy Carpenter as president and chief executive of its Paris operations,
Torus expands European operation
Torus has appointed Esther Fittinghoff as professional lines manager and Kurt Fleischmann as senior casualty underwriter.
Post in print - 29 July 2010
Post reporter Amy Ellis outlines the main news from this week's issue of Post.
Autofocus enters administration
Credit hire reporting company Autofocus has entered administration.
Deepwater impact on rates "modest"
Major losses in the Gulf of Mexico will not have the same market-changing impact on the upstream energy insurance market as Hurricane Katrina, according to Marsh.
Endurance reports massive Q2 net income drop
Endurance Specialty Holdings has reported net income of $58.6m for the second quarter of 2010 versus net income of $149.1m in the second quarter of 2009.
RenaissanceRe reports over $60m drop in net income
Net income of $210.2m or $3.66 per diluted common share in the second quarter of 2010, compared to net income available to common shareholders of $271.2m or $4.32 per diluted common share for the second quarter of 2009.
Zurich reshapes global life business
Zurich has appointed four regional chief executives within global life, Europe, Asia Pacific & Middle East, North America and Latin America.
RSA acquires 123 Money
RSA has completed the purchase of Irish personal lines broker 123 Money for a sum in excess of £54m.
Zurich reshapes global life business
Zurich has appointed four regional chief executives within global life, Europe, Asia Pacific & Middle East, North America and Latin America.
RSA acquires 123 Money
RSA has completed the purchase of Irish personal lines broker 123 Money for a sum in excess of £54m.
Anglo Irish to submit Quinn takeover plan by mid-August
Anglo Irish Bank is "within weeks" of presenting the Financial Regulator with a firm plan for its takeover of Quinn Insurance, the Irish Independent reports today.
Markel swoops for French broker
Markel International has agreed to acquire Le Centaure, a French equine insurance broker and cover holder based near Deauville, Normandy.
Aviva and Xchanging bosses outline Indian plans on Cameron trade relations trip
Aviva wants to boost its stake in its Indian joint venture to 49 percent as soon as regulations allow, according to a report on Reuters.