News
AIG shares down 8% after reporting heavy losses
Shares in AIG were down 8% in mid-morning trade on the New York Stock Exchange after the beleagured insurer reported a net loss of $8.9bn in the fourth quarter of 2009.
AIG posts $10.9bn loss for 2009
AIG has reported a net loss of $10.9bn for the full year ending 31 December 2009.
Apil “disappointed” at plaques decision
The Association of Personal Injury Lawyers said it has always believed the House of Lord’s ruling should be overturned, so the government’s decision on pleural plaques is a disappointing end to a long, drawn out consultation process.
Brit finance director to stand down
Brit Insurance finance director Matthew Scales will step down from his role within the next 12 months.
Lloyd’s welcomes Geneva Association findings
Specialist insurance market Lloyd’s has backed the findings of the Geneva Association’s Systemic Risk in Insurance report.
Lloyd’s welcomes Geneva Association findings
Specialist insurance market Lloyd’s has backed the findings of the Geneva Association’s Systemic Risk in Insurance report.
Allianz Insurance profit up 5.2%
The UK arm of the German giant recorded a combined ratio down 2.3 percentage points to 92.9%, with the retail business improving its COR by 8.2 percentage points over 2008.
Generali GI premiums down in 2009
During 2009, performance slipped in motor policies (-2.4%), affected by the trend in policy rates, particularly in the first nine months, Generali added, and the decrease in new vehicle registrations.
Generali GI premiums down in 2009
During 2009, performance slipped in motor policies (-2.4%), affected by the trend in policy rates, particularly in the first nine months, Generali added, and the decrease in new vehicle registrations.
QBE Europe profits dip on back of increased claims
The business reported a rise in incurred claims to A$2.01bn (2008: A$1.76bn), whilst its expenses reduced to A$426m (2008: A$483m).
QBE Europe profits dip on back of increased claims
The business reported a rise in incurred claims to A$2.01bn (2008: A$1.76bn), whilst its expenses reduced to A$426m (2008: A$483m).
HCML names new CEO
Rehabilitation provider HCML has appointed Keith Bushnell as its new chief executive, replacing former CEO Helen Merfield who takes up the new role of founder and clinical director.
Former Direct Line MD joins Fortis UK board as retail boss
Andy Watson takes up his new role as managing director - retail with immediate effect.
Geneva Association: Insurers not a systemic risk
Insurers and reinsurers do not carry the systemic risks of other financial intuitions, insurance think tank Geneva Association has claimed in its latest report.
Geneva Association: Insurers not a systemic risk
Insurers and reinsurers do not carry the systemic risks of other financial intuitions, insurance think tank Geneva Association has claimed in its latest report.
Markel appoints new Swedish boss
Anne-Sofia Hedin has been appointed general manager of Markel Sweden, which is based in Stockholm and provides insurance products across Nordic countries, the Baltic states and Russia.
Markel appoints new Swedish boss
Anne-Sofia Hedin has been appointed general manager of Markel Sweden, which is based in Stockholm and provides insurance products across Nordic countries, the Baltic states and Russia.
Lloyds GI book hit by £156m rise in claims
The group saw its general insurance profit dip 32% in 2009 to £367m (2008: 537m) and overall insurance arm profit fall 34% to £1.2bn (2008: £1.54bn).
Helphire results improve for second half of 09
However, credit hire firm reports an statutory loss before tax of £0.4m.
Lancashire net profits rise despite fall in premiums
Lancashire's net profits rose in the fourth quarter and in 2009 despite a fall in gross written premiums during the periods.
Brit post-tax profits grow 30%
Brit Insurance has announced a post-tax profit of £87.5m for 2009 – an increase of more than 30% on the £66.6m for 2008.
Reinsurance launches the Bermuda Reinsurance Club
The first half day seminar to be held in Bermuda on March 17th
Aegon repays one third of capital back to Government
It saw an underlying earnings before tax of Euro 427m and net income of Euro 393m, due to what it described as improved earnings, realized gains on investments and lower impairments.
ARAG continues recruitment drive
ARAG UK has made three new appointments, including James Morgan, who joins the underwriting team from Alico UK as ATE assistant underwriter.