News
HCC net earnings up $13.2m for Q4 2009
HCC Insurance holdings has announced its earnings for the fourth quarter and full year 2009, which ended December 31.
Lloyd’s named UK’s strongest insurance brand
Specialist insurance market Lloyd’s has been named as the UK’s top insurance brand.
Lloyd’s named UK’s strongest insurance brand
Specialist insurance market Lloyd’s has been named as the UK’s top insurance brand.
Jelf looks to raise a further £17m after reporting a £9.7m loss in 2009
It is expected that any placing would be conducted at or around the price of 36 pence per ordinary share and would be subject to shareholder approval at a general meeting.
Barrie & Hibbert seal Dexia Insurance ESG deal
Belgian company Dexia Insurance has appointed Barrie & Hibbert to provide an Economic Scenario Generator to assist in its Solvency II compliance and MCEV calculations.
Barrie & Hibbert seal Dexia Insurance ESG deal
Belgian company Dexia Insurance has appointed Barrie & Hibbert to provide an Economic Scenario Generator to assist in its Solvency II compliance and MCEV calculations.
Moneysupermarket sees insurance transactions fall 14% in 2008
However, insurance made up 55% of the revenue (£75.7m), compared to 44% in 2008 despite a slight drop from £77.7m that year.
Senior executive leaves Allied World
One of Allied World's senior international property underwriters has left the Bermudian (re)insurer, Reinsurance has learned.
Markerstudy completes Zenith deal
Markerstudy Holdings has completed the purchase of Zenith Insurance incorporating Link Underwriting Agency and GHL Insurance Services, after receiving approval from the Financial Services Authority.
IIABNY to take legal action
The Independent Insurance Agents & Brokers of New York announced that it will proceed with legal action to stop contingent charges legislation from taking effect.
HSBC insurance boss to step down
Clive Bannister will be replaced by Asia boss David Fried, according to Reuters.
HSBC insurance boss to step down
Clive Bannister will be replaced by Asia boss David Fried, according to Reuters.
FM Global to Commemorate 175th anniversary
Business property insurer FM Global is to host a year-long commemoration of its 175th anniversary in 2010.
ALA Insurance Brokers launches GAP motor insurance product
ALA Insurance Brokers has unveiled a new GAP motor insurance product, which the intermediary claims is the first to use independent vehicle valuation data.
Lloyd's broker expands overseas footprint with acquisition
Windsor has completed a deal for the minority interest in BGH Risk Solutions, a liability broker that operates in Canada, New Zealand and Australia.
Aviva and MIB wade into debate on "fronting" fraud
New research from the Motor Insurers' Bureau and Aviva reveals that more than two-thirds of UK drivers do not understand what it means to ‘front' an insurance policy.
Towergate boss Cullum hails John Charcol swoop as a "perfect fit"
"To have the leading high net worth mortgage broker in the group gives us a huge opportunity to provide mortgages to our high net worth customers and SME owners," he added.
AM Best "positive" on global non-life reinsurance sector
The current outlook implies that the majority of 2010 reinsurer rating actions are likely to be affirmations, with only a modest number of anticipated rating or outlook changes.
AM Best "positive" on global non-life reinsurance sector
The current outlook implies that the majority of 2010 reinsurer rating actions are likely to be affirmations, with only a modest number of anticipated rating or outlook changes.
Swiftcover warns "fronting" fraud has doubled in two years
An estimated 36 000 parents are committing fraud by illegally putting their sons and daughters down as a ‘spouse' or ‘partner' on their car insurance policy - a crime known as fronting according to Axa-owned firm.
UK General launches caravan product
UK General Insurance has launched a new online caravan policy through the Simple Insurance Brand, part of its consumer arm.
Energy insurance costs expected to fall by up to 20%
Despite an increase in the size and scale of new energy infrastructure projects, national oil companies and other energy and chemical concerns are experiencing fewer and less-severe major losses than in previous years, according to Marsh.
Energy insurance costs expected to fall by up to 20%
Despite an increase in the size and scale of new energy infrastructure projects, national oil companies and other energy and chemical concerns are experiencing fewer and less-severe major losses than in previous years, according to Marsh.
Generali GI premiums tipped to fall again
However, analyst KBW is looking for a slight improvement in sequential quarterly sales in life and expect sequential growth (4Q/3Q) of 9%, the first sequential growth since 1Q09 (3%).