News
Swiss Re almost doubles Q3 profit and terminates Berkshire Hathaway loan
Swiss Re reported third-quarter net income of $618m, compared to $314m in the prior-year period.
Zurich reports 22% decrease in GI profit in 2010 Q3 results
Zurich this morning reported a business operating profit within general insurance of £2bn, a reduction of 22%.
Zurich reports 22% decrease in GI profit in 2010 Q3 results
Zurich this morning reported a business operating profit within general insurance of £2bn, a reduction of 22%.
RSA expects year end UK NWP to be up 10% after Q3 results
RSA this morning reported net written premiums for the nine months to 30 September 2010 of £5.531bn, an increase of 10% (7% at constant exchange) compared with the same period in 2009.
RSA expects year end UK NWP to be up 10% after Q3 results
RSA this morning reported net written premiums for the nine months to 30 September 2010 of £5.531bn, an increase of 10% (7% at constant exchange) compared with the same period in 2009.
Insurers appalled over surgeon’s ‘voluntary erasure’
Health insurers were “astonished” to be given only 24 hours to respond to a Harley Street surgeon’s application for ‘voluntary erasure’ from the medical register — after four years of building a case of evidence regarding improper conduct.
Markerstudy launches Malta insurer for non-motor risks
Markerstudy has been granted permission by the relevant authorities to launch a new Malta-based insurance company, St Julian's, as part of a push to broaden its risk appetite into more non-motor areas.
Cogent appointed by AA and Saga brands
AA and Saga Insurance have appointed Cogent Law to provide legal advice as part of a new range of services for personal lines customers.
Vertafore eyes UK market
US insurance software giant Vertafore is monitoring the UK insurance software market for acquisition opportunities with the blessing of its new private equity backer.
Tesco Bank non-standard risk panel delayed for now
Tesco Bank has sidelined plans to launch a non-standard risks panel for its motor insurance customers.
Editor's comment: Fog clears for Allianz
The news that Allianz is to open its long-delayed office in Newcastle is certainly going to be greeted warmly by North-east brokers.
Unite to challenge Supreme Court mesothelioma ruling
Union Unite has confirmed its intention to challenge an earlier appeal court ruling for asbestos victims in the Supreme Court.
Repair Choice aims to reduce costs
Repair Choice has vowed to save insurers "substantial" time and cost on claims fulfilment, following the launch of its end-to-end vehicle repair service.
BP Marsh seeks to expand broking portfolio with loan
Venture capital firm BP Marsh is poised to grow its insurance interests, after agreeing a £4.3m loan with its directors.
McMillan: 'hard yards' in terms of savings already done
Aviva UK general insurance chief executive David McMillan has insisted the group's proposed £200m worth of new spending cuts will not amount to a "big headcount" reduction for his division.
ECJ ruling delivers blowover outsourcing VAT costs
VAT experts have predicted insurance companies could be liable for increased costs, after being dealt a blow by the European Court of Justice.
Am Trust pulls deal after six weeks
Am Trust has withdrawn from a deal to provide capacity to UK General for a social housing insurance scheme just six weeks after it was signed.
Research claims aggregators and brokers must up fraud fight
Nearly 80% of insurance fraud investigators believe aggregators and brokers must take more active responsibility for preventing fraud, with the majority calling for more stringent checks at policy inception.
MIB mulls appeal followingoverseas motor injury ruling
The Motor Insurers' Bureau is facing a surge in personal injury claims, following a landmark appeal court ruling last week.
Nicholson avoids contempt of court charge
A senior Aon broker accused of breaking terms of his gardening leave has avoided facing contempt of court charges.
Besso's Gladstone launch is timed for new wave
Intermediary Besso has revealed it timed the launch of its managing general agent to coincide with a new wave of MGAs in the London market.
Deloitte: motor loss could be worse than 2009
The motor insurance market is at a "turning point" according to Deloitte, which has predicted that the sector will make losses of £1bn in 2010.
Barbon secures first broking acquisition since rebrand
Barbon Insurance Group has bagged its first acquisition in the broker market after acquiring a Devon-based lettings specialist.