News
Keychoice Underwriting reveal new management roles
Keychoice Underwriting is targeting further growth over the coming months after making a string of appointments in a bid to bolster business development and underwriting experience.
RBSI “committed” to double digit COR
Speaking to Post following the announcement of its half year results for 2011, which saw the insurer net an operating profit of £139m, Paul Geddes chief executive said its claims process would contribute to this.
Fitch downgrades two Belarusian insurers
Fitch Ratings has downgraded Belarusian Republican Unitary Insurance Company - Belgosstrakh and export-import insurance company of the Republic of Belarus's Eximgarant insurer financial strength ratings to 'B-' from 'B'. The outlooks are negative.
Jack Straw confirmed for annual Post Claims Event on 12 October
Former Justice Secretary and outspoken critic of referral fees Jack Straw will address the annual Post Claims Event on 12 October, Postonline can reveal.
Shadow Treasury minister tells Osborne to take Solvency II "more seriously"
Chris Leslie MP, shadow financial secretary to the Treasury, today called on the Chancellor to initiate higher level debate on the effects of Solvency II on UK consumers and business.
Insurance Insight August: Exclusive commercial property and captive domicile content now live
Insurance Insight August is now live with look at commercial property in the Benelux region; innovation in the captive domicile market; and an interview with Now Health International.
BLM head of policy development leads new CJC working party
Head of policy development at Berrymans Lace Mawer LLP, Alistair Kinley will lead a new Civil Justice Council working party responsible for identifying practical solutions in three areas of costs policy which were first examined in the Lord Justice…
Captive Domiciles: new entrants cause a stir
New captive domiciles are emerging with clear regulations which are attractive for captives. Jane Bernstein asks if there is room for everyone.
Oxygen London market team set for Gallagher move
A deal which will see Oxygen’s 21-strong London market team join Arthur J. Gallagher has today been announced.
EU corporate governance poll results
Find out what the market voted for on EU corporate governance.
Generali reports strong growth in Q2 but net profits down 7.7%
Generali has reported operating result of €2.4bn for the first six months of 2011 reflecting a stronger pace of growth in the second quarter, with robust progress in Italy, France and Eastern Europe.
Groupama boss encouraged by interim results
Groupama CEO François-Xavier Boisseau has described the first six months of the year as "very encouraging” for the company’s UK businesses, following interim results in which a combined UK operations profits increase of 34% was recorded.
Dexia Bank Q2 results impacted by Greece but insurance performs well
In Q2 2011, Belgium Dexia Group reported a net income group share of €-4.03bn, reflecting the May decision to accelerate its financial restructuring as well as an impairment on Greek government bonds in line with Dexia’s participation to the IIF Greece…
Argent Liability Adjusters move into bigger base in South West
Argent Liability Adjusters’ Bristol team are to move into new offices that are double the size of their current base.
Global storm activity increased in July
Aon Benfield's Impact Forecasting has revealed that July was characterised by an increase in global tropical cyclone activity as the calendar turns to the Atlantic Hurricane Season reaching its historical peak of activity.
Barclays Corporate bolsters insurance team with new appointment
Barclays Corporate is growing its corporate banking franchise in the insurance sector with the appointment of Jean-Pierre Darque, who will take on the role of relationship director within the insurance team, covering Western Europe.
Groupama reports rise in net income despite €84m Greece hit
Groupama SA has reported premium income of €8.4bn for the first six months of 2011, down -2.5% on a like-for-like consolidation and exchange rate basis.
Allianz Group’s net profit falls by 7%
Allianz Group has generated a quarterly net income of €1.1bn (2010 - €1.2bn), despite a net burden of €326m due to current impairments for Greek sovereign bonds and “significantly adverse” currency movements.
Shadow Treasury minister tells Osborne to take Solvency II "more seriously"
Chris Leslie MP, shadow financial secretary to the Treasury, today called on the Chancellor to initiate higher level debate on the effects of Solvency II on UK consumers and business.
AIG CEO hails return of AIG as "an investment-grade company"
The CEO and president of AIG has heralded its Q2 financials as a sign that it is again "an investment-grade company independent of government support".
Allianz UK arm sees benefit of 4.6% rate increases with H1 GWP uplift
Allianz’s combined written ratio has depreciated slightly to 96.2% (2010 - 95.3%) for its half year results for 2011.
RBS Insurance Q2 COR improves to 99% and profit doubles to £139m
Royal Bank of Scotland Insurance this morning reported that its operating profit has doubled to £139m from the previous quarter and improved even more from the corresponding period last year (Q2 2010: £203m loss).
Groupama UK arm reports decline in fleet driven by taxi book
Groupama today revealed that premium income for its UK arm rose by +0.9% to €276m (£240m) at 30 June 2011.
Giles confirms redundancies may be needed to "achieve benefits" of CBG deal
Giles has today admitted that in order to achieve the planned benefits of the acquisition of CBG, some operational restructuring will be required following completion of the deal, which may lead to some redundancies.