News
Allianz sees GI profit drop slightly as premium growth stalls
Allianz has reported an operating profit of 2.1bn euros and net income of 1.5bn euros for the second quarter of 2008. For the half-year its operating profit was 4 bn euros and net income 2.7bn euros.
AIG chief says "lot of work to do" after compay post $5.4bn Q2 net loss
AIG chief executive Robert Willumstad has admitted that the company has a “lot of work to do” to restore it to its former glory after it reported net losses of $5.4bn in the second quarter.
APC launches high end guesthouse product
Commercial insurance underwriting agency Anglo Pacific Consultants has launched a new high limit hotel and guesthouse product to help brokers take advantage of what it sees as the renaissance of the UK based hospitality market.
Axa slashes 500 more jobs
Axa UK is making up to 500 redundancies on top of the 120 jobs it is shedding in Ireland after reporting its interim results.
Benfield H1 pretax profits fall 5%
Benfield, the world’s fourth-biggest reinsurance broker, said that first half pretax profits fell 5% to £87.7m from £92.3m in the corresponding period of 2007.
Benfield profits down 5%
Benfield Group has reported revenue down 4% to £233m for the first six month of the year compared to the same period last year.
Willis launches North American yacht practice
Willis Group Holdings has launched a North American yacht practice within its marine Group, and appointed a practice leader and team.
THB announces new leadership of international property division
THB has appointed two senior market figures, Craig Kingaby and Steve Carr, to lead its international property division.
RSA group underwriting profit up 24%, as UK remains tough
RSA this morning reported a UK underwriting profit of £48m for the first half of 2008 (H1 2007: £51m) in what it described as its “toughest market”. It added UK premiums were up by 1% to £1.4bn, with a combined operating ratio of 96.2% (H1 2007: 96.1%).
Halifax star wins customer care award
Halifax home insurance employee Josephine Leung has scooped the latest contact centre agent of the m...
Crutes warns employers to follow full statutory process
Law firm Crutes has advised employers to follow the statutory process in all grievance procedures - ...
Time to test yourself
A selection of questions from various past-CII qualification papers
Biba bags best sector representation award
The British Insurance Brokers' Association has won the sector representation gong at the Trade Assoc...
Friends Provident announce results
Friends Provident’s protection sales dropped 16% between 2007 and 2008, according to the provider’s latest ‘Interim management report and results’.
FSA changes RDR timetable
The FSA has announced that it will change the timetable for publishing feedback on the Retail Distribution Review (RDR) Discussion Paper with the full feedback statement now due to be published in November.
Pick of the week
Reporter Louise Meeson and supplements and online editor Stephanie Denton look at the major stories f...
Biba repeats low credit insurers caution
The British Insurance Brokers' Association has reiterated its warning to members about recommending ...
Appointment at Oval
Oval has appointed Marcus Simeoni to head of its London market casualty broking team. He has more th...
Aon suspends three staff
Global broker Aon has placed three employees from its UK aviation team on a leave of absence pending...
Knowles quits CII to launch new online MGA
Former Imarket strategy and markets director Peter Knowles is to launch a venture capital-backed onl...
Gang is jailed as IFB hails success of Operation Mysterious
The Insurance Fraud Bureau is celebrating after a criminal 'crash for cash' gang was jailed for a to...
Aon income reaches $1.1bn
Aon's second quarter net income improved to $1.1bn (£563m) in the second quarter of 2008 from $240m ...
Appointment at Ace
Ace has appointed Phil Sharpe as director of casualty and major risks for the UK and Ireland. In thi...
Appointment at THB
James Truscott has been appointed to the board of THB's underwriting agency Unicorn Underwriting as ...