News
Towergate appoints managing director
Towergate Underwriting has appointed Peter Newson as managing director of Towergate Underwriting Financial Risk.
Novae gross premiums up 48% in first quarter
(Re)insurer Novae, says its gross written premium for the first three months of 2010 hit £167.2m, up 48% on last year's £113.1m.
Ace Q1 net income up 33%
Ace has reported its net income is up in Q1, but its combined ratio has also risen following heavy catastrophe losses.
Thatcham to host industry workshop
Thatcham is to open its doors as host of the ‘Triple Focus’ event on June 16-17.
Halo partners with Keychoice Network to launch car hire insurance product
Halo Insurance has partnered with Keychoice Network to access its 890 membership base as it looks to deliver a car hire insurance product to independent intermediaries.
Munich Re pays EUR 1.1bn to shareholders
German reinsurance firm Munich Re has announced Q1 profit and affirmed its 2010 target despite cat losses.
Argent founder set to leave rehab firm
Argent Rehabilitation founding director Deborah Edwards is set to leave the Paribas Group to establish an independent consultancy.
Markel wins jockey sponsorship
Flat jockey William Buick has signed a two-year sponsorship agreement with insurer Markel International.
Transatlantic Q1 results dip
Transatlantic has reported net income of $16m for the first quarter of 2010 compared to $75m for the first quarter of 2009.
Everest Re reports Q1 loss on high cat claims
Everest Re reported a net loss of $22.7m, or $0.38 per common share, for the first quarter 2010, compared to net income of $108.6m, or $1.76 per diluted common share, for the first quarter of 2009.
Willis cuts 260 jobs
Willis slashed 260 jobs in the first quarter of 2010, the company said.
Allstate report Q1 net income upswing
Allstate said that net income in the first three months of the year rose to $120m from a loss of $274m this time last year.
R&Q income grows but profit drops
Randall & Quilter, the specialist non-life insurance investor, has reported a 17% of growth in group income for 2009.
Aspen Q1 results plummet on cat losses
Aspen has reported a net profit after tax for the first quarter of 2010 of $18.3m. This compares to a net profit after tax of $91.4m.
Post lauded at prestigious awards bash
Post news editor Mairi MacDonald was last night crowned trade general insurance writer of the year at the Headline Money Awards.
Willis international arm hit by "weak" UK and Ireland
Willis has reported net income from continuing operations for the first quarter of 2010 was $204m, compared with $192m in the same period a year ago.
Quinn to lay off 800, claims report
Grant Thornton, the administrators of Quinn Insurance, plan to make about 800 staff redundant as part of a major downsizing of the insurer, it has been reported.
Willis international arm hit by "weak" UK and Ireland
Willis has reported net income from continuing operations for the first quarter of 2010 was $204m, compared with $192m in the same period a year ago.
Chartis CEO mulls options for European HQ
Lex Baugh, president and chief executive of Chartis Europe Holdings, has refused to rule out any insurance centre on the continent as a possible headquarters for the newly established group.
Election 2010 - who do you think has performed the best?
With the last televised leader's debate tonight which of the three main political leaders do you think has performed best in the run up to the election?
Samian eyes UK brokers after Safeonline deal
Independent Lloyd's broker Safeonline has acquired Samian Underwriting Agencies. The transaction, which completed on 15 April, saw all Samian's business and the four members of staff joining the 12-strong team at Safeonline.
Chartis CEO mulls options for European HQ
Lex Baugh, president and chief executive of Chartis Europe Holdings, has refused to rule out any insurance centre on the continent as a possible headquarters for the newly established group.
Quinn employees set to hold further meetings with politicians tomorrow
In a statement Quinn said employees are holding meetings with politicians North and South of the border on 29 April, to express its concerns at the ongoing situation regarding the UK ban of which 90% is still being imposed.
Andrew Tripp new AMII Chairman
At the Annual General Meeting today of The Association of Medical Insurance Intermediaries, Andrew Tripp was appointed chairman.