News
Solvency II drives in-depth cat models
Aon Benfield, is to highlight how recent natural hazards – coupled with Solvency II – have fuelled demand for more in-depth evaluation of catastrophe models.
Clydesdale expands corporate finance team
Clydesdale Bank Corporate & Structured Finance has appointed Paul Hambrook as director at its London office.
Evolution appoints business development boss
Commercial insurance specialist Evolution Underwriting has named ex-Towergate employee Ben Francis as its new business development executive for the South of England.
BBA abandons PPI appeal
The British Bankers' Association will not appeal the High Court judgement on the mis-selling of payment protection insurance.
Brightside director joins STM board
Cross-border financial services provider STM Group has appointed Julian Telling as non-executive chairman with immediate effect.
Barclays CEO in PPI apology as bank sets asside £1bn for claims
Barclays has decided that it will not participate in any application for permission to appeal against the High Court judgment of 20 April 2011, which dismissed the action brought by the British Bankers' Association regarding the assessment and redress of…
Munich Re still predicting 2011 profit despite €2.7bn Q1 nat cat hit
Munich Re posted a consolidated loss of €948m (£834m) for the first quarter of 2011 (previous year: profit of €485m).
Brightside director joins STM board
Cross-border financial services provider STM Group has appointed Julian Telling as non-executive chairman with immediate effect.
Hiscox UK GWP up 8% on back of direct success and Dual tie-up
Hiscox’s gross written premiums year on year reduced by 8.0% to £453.5m (2010: £504.1m)for the first quarter. The insurer added this was "expected" as the it "maintained underwriting discipline and walked away from poorly rated risks".
Munich Re still predicting 2011 profit despite €2.7bn Q1 nat cat hit
Munich Re posted a consolidated loss of €948m (£834m) for the first quarter of 2011 (previous year: profit of €485m).
Hastings' Utley, Go Compare's Parsons and Sabre's Morris all enter Rich List
Former IAG UK CEO and current Hastings chairman Neil Utley has entered the Sunday Times Rich List top 1000 today at 430= with a fortune of £160m.
Helphire share price crashes to new low after overstating cash due by £25m
Helphire's share price today crashed to 4.9 pence at the close of trading from 12.75 pence at the start of the day after a profits warning.
Chartis COR hits 119% in Q1 as insurer is hit by $1.7bn cat costs
Chartis, the non-life division of AIG, has reported a first quarter operating loss before net realized capital gains of $463 m, reflecting $1.7bn of Catastrophe losses comprised of $1.3bn for the Japan earthquake and tsunami.
Aviva unveils corporate risk team
Aviva has revealed the senior structure of its corporate risk and speciality business.
Brokers retain appeal in personal lines market
Brokers are retaining their customer appeal in personal lines despite the growth of insurance aggregators - though they must remain in tune with customer needs to stay ahead, according to new Aviva research.
CII exited tough year in "good shape"
The Chartered Insurance Institute slightly increased its overall revenue in 2010 to £33.97m from £32.32m the previous year.
NFU claims boss resigns
NFU Mutual chief claims manager John Kenny has quit the company that he joined 23 years ago.
Post Europe May: Exclusive legal expense and ADR content now live
Post Europe May is now live with a look what impact the European Commissions proposals for consistence on alternative dispute resolution will have; how the Balkan region deals with weather related catastrophes; and how Italy’s legal expense market is…
Insurance Insight May: Exclusive legal expense and ADR content now live
Insurance Insight May is now live with a look what impact the European Commissions proposals for consistence on alternative dispute resolution will have; how the Balkan region deals with weather related catastrophes; and how Italy’s legal expense market…
Moody's comments on Solvency II QIS5 capital adequacy results
Moody's Investors Service said that the results of the fifth Quantitative Impact Study suggest that most European insurers will be able to transition to the new Solvency II regime without the need to raise capital, as capital levels exceed the solvency…
Crawford revenue up 21% to $285m in Q1
Loss adjuster Crawford has recorded revenue of $285m in Q1 2011, an increase of 21% (Q1 2010: $236.3m)
Lancashire Q1 profits steady at $8.6m despite “significant” cat activity
Lancashire Holdings has recorded a net profit after tax of $8.6m in Q1 2011 (Q1 2010: $8.2m), after incurring $75m costs from the Japanese earthquake-tsunami.
Moody's comments on Solvency II QIS5 capital adequacy results
Moody's Investors Service said that the results of the fifth Quantitative Impact Study suggest that most European insurers will be able to transition to the new Solvency II regime without the need to raise capital, as capital levels exceed the solvency…
Sony's insurers to help foot bill for data breach
Sony is looking to its insurers to help pay for its massive data breach an amount that could exceed $2bn, Reuters has reported.