News
Aon reports 38% jump in profits for third quarter
Aon net revenue increased 38% to $198m (£122.8m) for the quarter ended 31 September 2011, compared to $144m for the previous year.
Greek non-motor loss adjusters launch professional body
Greek claims specialists have banded together to form The Hellenic Association of Loss Adjusters in the hope of gaining equal status with other certified European loss-adjusting bodies.
Insurance Insight weekly update live - 28 October
Insurance Insight's weekly update is live with an article on Pan-European and Global business interruption cover; and a View from the Top on how insurers must be as global as the firms they work with.
European fleet motor insurance poll results
Is European fleet still an attractive option for insurers?
No insurance downgrades expected despite Greek exchange
Leading insurers across Europe have been told that manageable exposure to Greek government bonds will mean they will not be downgraded if they accept the EU's offer of a 50% haircut in return for new debt.
FSA packaged accounts rules to create simpler sales process
PwC has welcomed the Financial Services Authority’s proposed new rules to increase consumer protection in the packaged account market.
Transactor reveals growth of 24%
Transactor Global Solutions and associated companies have today announced turnover of £5.2m , an increase of 24%, and pre-tax profits for the group of £0.5 million, an increase of 18%, for March 2011.
Nexus hires ex- Zurich chief for director role
Nexus Underwriting Management, parent company and management services company to Torus Executive Risks and Nexus Financial Products has recruited Andre Ford as development director to complement its existing management team.
Allianz welcomes EU debt crisis agreement
Allianz has welcomed the European Union agreement in Brussels to solve the debt crisis in Europe.
LV fills insurance void in Exeter
LV Broker plans to pick up where Aviva and NIG left off in Exeter by doubling its commercial book of business in Devonshire over the next four years.
Swedish Lansforsakringar's ratings on negative watch
Moody's has put Swedish health insurer Lansforsakringar's 'A2' IFSR and 'A3' issuer rating on negative watch.
Marsh joins United Nations disaster partinership
Marsh has joined the United Nations Disaster Risk Reduction Private Sector Partnership to support work aimed at enhancing national and local resilience to disaster.
Axis launches liability unit in Argentina
Loss adjusting network Axis has launched a liability claims units in Argentina to provide dedicated specialist support to local carriers and the international reinsurers.
Thai floods: Insured losses to be "managable", says Fitch
Insured losses from the Thailand floods will be “manageable” at $4.5bn and not trigger widespread solvency problems, or undue financial strain for the country’s non-life insurance players, according to Fitch Ratings
Aspen suffers nine month losses of $193m
Aspen Insurance Holdings reported underwriting losses of $193.8m in the first nine months of this year compared to a profit of $74.6m last year.
Insurers warned over FSA bank account consultation
Law firm Beachcroft has warned that Financial Services Authority consultation on the way packaged bank accounts are offered could provide a “significant hurdle” for insurers offering add-ons.
Ecclesiastical names MD for Ireland
Ecclesiastical has appointed David Lane as the new managing director for its Ireland business.
Ecclesiastical appoints Foley's replacement as Ireland MD
Specialist charity and heritage insurer Ecclesiastical has appointed David Lane as the new managing director for its Ireland business.
LV announces senior underwriting appointment
LV Broker has appointed Tom Maughan as a senior underwriter for its Bournemouth branch, which looks after brokers in Dorset, Hampshire, West Sussex, the Isle of Wight and the Channel Islands.
BLG to close Singapore office
Insurance law firm Barlow Lyde & Gilbert will close its office in Singapore following its merger with Clyde & Co.
Axis launches in Argentina
International loss adjuster Axis has opened a liability claims hub in Argentina.
BLG to close Singapore office
Insurance law firm Barlow Lyde & Gilbert will close its office in Singapore following its merger with Clyde & Co.
Thailand flood losses manageable for insurers
While the current flooding in Thailand is unusually severe and economically costly, the insured losses are likely to be at a manageable level and will not trigger widespread solvency problems, or undue financial strain, for the country's non-life…
Munich Re receives A+ (superior) rating
Munich Re has had its financial strength rating affirmed of A+ (Superior) and issuer credit ratings of “aa-” along with its subsidiaries.