News
EMEA insurance buyers reap benefits from increased competition
Insurance buyers across Europe, the Middle East and Africa are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a new report.
Fitch assigns German Provinzial Nordwest Group A+ rating
Fitch Ratings has assigned German property and casualty insurer Westfaelische Provinzial Versicherung AG and the life insurer Provinzial Nordwest Lebensversicherung AG insurer financial strength ratings of 'A+' with stable outlooks.
AIG Q2 2010 results reveal losses
AIG has reported a net loss attributable to AIG of $2.7bn for the second quarter of 2010, compared to $1.8bn in the second quarter of 2009.
Exclusive sustainability content now available on Post Europe
In our latest View from the Top article David Batchelor challenges European insurers to take sustainability seriously.
Exclusive sustainability content now available
In our latest View from the Top article David Batchelor challenges European insurers to take sustainability seriously.
Groupama UK profits up 30% to £13.7m for H1 2010
Groupama's combined UK operations have recorded a pre-tax profit of £13.7m for the first six months of 2010 (H1 2009: £10.5m).
Dual links up with Odyssey Re for German D&O push
Dual Deutschland, the German cologne based MGA and part of The Dual Group, has secured new capacity from British insurer Newline Insurance Company, part of reinsurer Odyssey Re Group, to underwrite D&O for large financial institutions in Germany.
Groupama sees uplift in French private motor in H1 2010
Groupama has recorded premium income Premium income of €8.6bn Euros (up 4.4% on a like-for-like consolidation and exchange rate basis) in the first half of 2010.
GAB Robins targets insurer claims
Loss adjuster GAB Robins is set to target insurers with a service which provides clients with additional claims handling capacity during busy spells.
Groupama UK profits up 30% to £13.7m for H1 2010
Groupama's combined UK operations have recorded a pre-tax profit of £13.7m for the first six months of 2010 (H1 2009: £10.5m).
Dual links up with Odyssey Re for German D&O push
Dual Deutschland, the German cologne based MGA and part of The Dual Group, has secured new capacity from British insurer Newline Insurance Company, part of reinsurer Odyssey Re Group, to underwrite D&O for large financial institutions in Germany.
Medicals Direct appoints new MD
Medicals Direct has recruited an ex-Nuffield Health director, Charles Percy as managing director of MDG Healthcare, with the key objective of ensuring the Group derives maximum benefits from its recent acquisitions.
Groupama sees uplift in French private motor in H1 2010
Groupama has recorded premium income Premium income of €8.6bn Euros (up 4.4% on a like-for-like consolidation and exchange rate basis) in the first half of 2010.
Non-insurance subsidiary companies of Quinn could be sold off seperately
According to Quinn's administrators the non-insurance subsidiary companies of Quinn Insurance – which could be worth up to half a billion euro – could be sold off as separate entities, the Irish Times has reported.
Validus makes $6.6m operating loss for H1 2010
The Bermudan (re)insurer has recorded an operating loss of $6.6m for the six months ended 30 June 2010, compared with a net operating income of $210.8m for the same period in 2009.
Empty schools at risk of metal theft this summer
Ecclesiastical has warned that this summer holiday British schools are at risk of having valuable lead stripped from their roofs by criminals, causing major damage and leaving the buildings vulnerable to flooding.
Allianz Group operating profit up 22% in H1 2010
Allianz Group has recorded a profit of €3.9bn in the first half of 2010, a €0.7bn increase from the same period in 2009.
RBS Insurance records £253m loss in H1 2010
Royal Bank of Scotland's financial results show its insurance business in the first six months of 2010 was adversely impacted by a significant increase in bodily injury reserving, including adding £241m to reserves relating to prior years. In total RBSI…
Catlin profits fall $154m in 2010 H1 results
Catlin Group has posted a pre-tax profit of $86m in its half year results, (H1 2009: $240m), as the insurer recorded a combined operating ratio of 97%.
Allianz Group operating profit up 22% in H1 2010
Allianz Group has recorded a profit of €3.9bn in the first half of 2010, a €0.7bn increase from the same period in 2009.
Generali profits rise 73.2% in H1 2010 result
Generali has reported net profit up to € 873m (+73.2%) for the first half of 2010, with premiums at more than € 38 billion (+9.1%).
Generali profits rise 73.2% in H1 2010 result
Generali has reported net profit up to € 873m (+73.2%) for the first half of 2010, with premiums at more than € 38 billion (+9.1%).
Aviva GI CEO: motor rises to continue
Customers can expect motor insurance premium rates to continue rising as a result of sustained inflation in claims costs, Aviva general insurance chief executive David McMillan has said.
PartnerRe income plummets
PartnerRe reported net income of $190.9m, or $2.31 per share on a fully diluted basis for the second quarter of 2010. Net income for the second quarter of 2009 was $474.3m.