News
Quinn investigation now focuses on loans
The Financial Regulator is concentrating on two areas relating to guarantees given by Quinn Inusrance's subsidiaries to the wider Quinn group as its investigation nears a close.
Gable in new French broking tie-up
AIM-listed Gable has signed a new agreement with its French broker, France Assurance Consultants, to provide a programme of property related risk insurance.
Grant Thornton: some Quinn UK lines will see no rate hikes
The adminstrator of Quinn Insurance has hit back at suggestions it plans wholesale increases across all of its UK business, if and when it is allowed to trade again.
QBE CEO content with alllowances for large claims after $470 Q1 hit
QBE has revealed that its estimated large risk and catastrophe claims, which are defined as net claims of $2.5m and above, for the year to date are $470m. This compares with an estimated net $430m for the same period in 2009.
Admiral CEO bullish despite Confused turnover decreasing 5% in Q1
Henry Engelhardt, Admiral chief executive, this morning said his business had "continued to grow and prosper in the last three months".
Moody’s expects European M&A rebound
Ratings agency Moody’s has predicted an upswing in mergers and acquisitions in the European insurance market in the coming months.
Moody’s expects European M&A rebound
Ratings agency Moody’s has predicted an upswing in mergers and acquisitions in the European insurance market in the coming months.
Congregational launches subsidiary MGA
Congregational & General Insurance is set to launch a subsidiary MGA named Integra Insurance Solutions, generating £9m of extra homeowners income, according to the firm.
First Assist seals legal services partnership with Home Let
First Assist has agreed its first major standalone legal services partnership with Barbon Group-owned company Home Let.
Marsh opens redundancy talks
Marsh has begun its consultation with staff that face the prospect of redundancy following its acquisition of HSBC Insurance Brokers.
Chedid Re establishes Saudi subsidiary
Reinsurance broker establishes Saudi Arabia subsidiary which has been licensed by the Saudi Arabian Monetary Agency (SAMA) to provide reinsurance brokerage services across the Kingdom.
Corporate governance standards proposed for banks and insurers
The Central Bank and Financial Regulator have announced the start of a public consultation on new corporate governance standards for Irish banks and insurance companies.
New recruit at Markel to help grow accident and health business
Property and casualty insurer Markel International, has recruited Mike Bridgeman to head the development of accident and health business within its specialty division.
CII sees revenue up as international members jump 10% in 2009
Chartered Insurance Institute has reported a 7% increase in overall revenues to £32.3m in 2009 (2008: £30.3m).
W R Berkley swings to Q1 profit
W R Berkley has reported net income for the first quarter of 2010 of $119 compared with a loss of $20m for the first quarter of 2009.
US financial reforms stumble in Senate
The most sweeping overhaul of US financial services rules since the Great Depression stumbled in the Senate on Monday as Republicans united to prevent action on the bill.
Prudential shareholder in talks with UK insurers on group bid
Capital Group has approached Aviva, Resolution and another UK insurer to attract bids according to The Times.
RGA's Q1 operating profit up 38%
Reinsurance Group of America reports rise in quarterly operating profit, helped by a 21% growth in net premiums earned.
Axis reports drop in net income
Axis Capital has reported a first quarter net income available to common shareholders of $112m, compared with net income of $116m for the first quarter of 2009 as a result of catastrophe losses.
Arch reports Q1 premium declines
Arch Capital reported a decline in revenue and reduced underwriting profitability in the first quarter of 2010.
Questgates grows counter fraud team
Questgates has strengthened its counter fraud team with the appointment of Sally Maeers and Mark Woodhead.
Qatar Insurance Q1 profit rises 2.1% to $59m
Middle Eastern insurer sees profits and underwriting income grow, but gross premiums fall in the first quarter of 2010.
Geneva Association opposes IMF proposal
Insurance think tank, The Geneva Association has issued a letter to the Central Bank Governors of the G20 in which it claims the financial stability tax proposal of the International Monetary Fund fails to adequately address the distinct nature of the…
BPO firm expects to see growth in second half of 2010
Xchanging, the business processing company, today said it expected growth to be weighted towards the second half of 2010 due to the time it takes to conclude deals in its markets, including the London insurance market.