News
Post Blog: Quinn, Towergate, an acorn of a deal and the Sex Pistols. The week in insurance
With many in the insurance market taking advantage of the double bank holiday whammy you would think that this week would be a good time to bury bad news.
Allianz wins dental deal with Farleys
Allianz Commercial has secured a multi-year partnership with Farleys Insurance Brokers.
Exclusive credit insurance and environmental content now available
Insurance Insight’s weekly update is now live with an article on how the financial crisis is affecting the credit insurance market and a View from The Top on how environmental insurance is helping sustainability.
JLT "positive" on start to 2011 after Asian account wins
The year to 27 April has started "positively", JLT reported today, with increased contributions from its businesses in the faster growing economies and, in particular, a number of notable new accounts won in Asia.
Aspen records $151.7m loss in Q1 as profits hit by cat losses
Aspen has recorded a net loss of $151.7 million, including losses of $255.9 million, net of reinsurance recoveries, reinstatement premiums and taxes, resulting from the natural catastrophe events that occurred in the first quarter of 2011, down from net…
Quinn records €706m loss
The administrators of Quinn Insurance have announced the company lost €706m in 2009, the year before the administrators were appointed.
Quinn sale to Liberty signed
The joint administrators of Quinn Insurance, Michael McAteer and Paul McCann of Grant Thornton, have announced the acquisition by Liberty Mutual, a joint venture between Liberty Mutual and JVNewco, of QIL.
JLT "positive" on start to 2011 after Asian account wins
The year to 27 April has started "positively", JLT reported today, with increased contributions from its businesses in the faster growing economies and, in particular, a number of notable new accounts won in Asia.
Quinn sale to Liberty signed
The joint administrators of Quinn Insurance, Michael McAteer and Paul McCann of Grant Thornton, have announced the acquisition by Liberty Mutual, a joint venture between Liberty Mutual and JVNewco, of QIL.
HCC names president
HCC Insurance Holdings’ board of directors has appointed Christopher Williams to serve as president effective from 1 May.
Towergate group reports Ebitda growth of £21m
Towergate Insurance Group has said it is "highly satisfied" with its performance in 2010, with Ebitda growth of 18% reported.
RSA acquires Oak Underwriting
RSA has strengthened its position in the high net worth arena with the acquisition of Oak Underwriting.
Mapfre wins Ancile deal
Mapfre Assistance is to provide underwriting and emergency assistance services to Ancile Insurance Group in a new multi-million pound deal.
European M&A value up 62%, analyst reveals
The value of deals targeting Western European countries has risen by 62 per cent in the last 12 months, according to Zephyr, the M&A database.
Randall & Quilter reports profits boost
Insurance investment firm Randall & Quilter has reported pre-tax profits of £7.5m - a sizeable increase on the £260 000 sum recorded for 2009.
Q1 nat cats not market-turning
Total industry insured large losses since the third quarter of 2010 of $32bn will not be enough to turn the reinsurance market, an analyst has warned.
Mapfre wins Ancile deal
Mapfre Assistance is to provide underwriting and emergency assistance services to Ancile Insurance Group in a new multi-million pound deal.
Law report: cross examination key aid in tracking fraudster assets
This law report has been contributed by national law firm Berrymans Lace Mawer.
Claims Club news: even larger corporates are failing to review risk profiles
Commercial insurance in a post-economic crisis environment is "not fit for purpose" for many large corporate firms, Bruce Hepburn, chief executive of Mactavish, asserted.
Claims Club news: claimant solicitors to pick up portal bill share
Claimant lawyers are set to start funding the RTA Portal to the tune of 50%, according to its independent chairman Tim Wallis.
Hanover confident Chaucer bid momentum will not stall
US firm The Hanover Insurance Group remains confident it will succeed in its bid for Chaucer, despite Pamplona's refusal to sell its stake in the Lloyd's insurer.
Telematics insurer targets 60 000 policies by year end
Curfew-based telematics products for young drivers will not only fail to improve behaviour and accident statistics, but the business model is also flawed. That was the warning issued by Mike Brockman, founder and joint CEO of Insure the Box, as he…
Legal giant reveals ABS plan
Irwin Mitchell has stepped closer to forming a licensed alternative business structure and securing external finance.
Ask the expert - how valuable is experience of Solvency II in both the short and long term?
The regulatory clock is ticking once again, and the countdown to Solvency II is now well advanced.