News
Xchanging grows revenue by 35%
Xchanging has reported a 35% increase year-on-year in revenue to £750.4m in 2009 (2008: £557.8m) while underlying operating profit also grew 35% to £63.9m (£47.3m).
Earthquake claims more than 700 lives
A major earthquake measuring 8.8 magnitude off the the cost of southern Chile has killed at least 700 people and caused economic damage of up to $30bn (£19.8bn).
Jubilee announces new senior appointments
Jubilee has today announced the next stage of its strategic growth plans with Clive Buesnel as their new group chief executive officer and Andreas Loucaides as group development director.
Strong London market performance helps Hiscox treble profits
Hiscox has reported gross premiums written £1.44bn (2008: £1.15bn) and pre-tax profit of £320.6m (£105.2m).
Strong London market performance helps Hiscox treble profits
Hiscox has reported gross premiums written £1.44bn (2008: £1.15bn) and pre-tax profit of £320.6m (£105.2m).
Hannover Re secures $500m letter of credit
Hannover Re has concluded a long-term letter of credit facility with Deutsche Bank to facilitate “growth opportunities.”
CFC partners with Crawford
Underwriting agency CFC has appointed Crawford & Company to provide claims administration services to its brokers and clients.
Post in print - 4 March issue
Post reporter Dan Dunkley outlines the major news stories from this week's issue of Post.
Amlin results show record profit
Profits at Amlin up by over £370m from 2008. However, group results padded by £174.1m reserve releases.
Amlin results show record profit
Profits at Amlin up by over £370m from 2008. However, group results padded by £174.1m reserve releases.
Prudential in takeover talks with AIG
UK insurer Prudential is in talks with AIG about buying the beleagured insurer's Asian operations in a multi-billion dollar deal.
Chilean earthqauke may cost $15-30bn, says Eqecat
The earthquake that struck offshore of Southern Chile could cost $15-30bn, according to risk modelling firm Eqecat.
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.