News
Amlin posts £192.3m loss
Lloyd’s insurer Amlin blamed catastrophe claims of £314.3m (H1 20010 £127.1m) that added 34 percentage points to its combined ratio for a pre-tax loss of £192.3m (H1 2010: profit of £107.6m).
Weston broker Marsh & Company to go wholesale
Weston-super-Mare broker Marsh & Company is to recruit two extra staff a year after taking over the commercial insurance operation of Regency Insurance Brokers. It is to develop a wholesale broking division.
RBSI recruits motor commercial director
RBS Insurance has appointed Gus Park as motor commercial director.
Shareholders back Lancashire UK move
At a special general meeting yesterday shareholders of Lancashire approved the company’s plans to shift its tax residence to the UK from Bermuda.
Post Blog: Compliance management - a technological solution
Insurance providers today have to comply with a mountain of regulations spanning different geographic regions, business sectors and service levels.
Zurich Global Corporate appoints COO for North America
Zurich Global Corporate has named Sabrina Hart chief operating officer for Global Corporate in North America (GCiNA).
Charles Taylor Consulting releases interim results
Charles Taylor Consulting has released its interim results for the first six months of 2011.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on the effect of climate change on property and an interview with a UK broker which has succeeded in France.
Collinson targets wholesale expansion with new appointment
Collinson Insurance Group today revealed the appointment of incoming wholesale sales and strategy director Steve Scott as part of the next stage of the firm’s commitment towards wholesale expansion.
Short selling poll results
Find out what the market voted for on banning short selling across Europe.
October court date set for Quinn sale objections
Any policy holders or other interested parties opposed to the imminent sale of Quinn Insurance will have the chance to raise their concerns at a court hearing on 4 October, according to the Irish Independent.
QBE eyes European acquisitions despite drop in COR for H1 results
Australian insurer QBE has confirmed it is interested in mainland European acquisitions as it reveals its first half results.
Cat claims push QBE COR out to 95.7%
QBE has reported gross written premiums up by 30% to $8.9bn (£5.4bn) for its 2011 half year results.
Flash floods hit Dorset
A spokeswoman for loss adjusters Cunningham Lindsey, told Post that some “isolated incidents of flooding” in the Dorset area had been reported at its Solent office, with some areas reaching “a couple of feet” of water.
County Insurance Consultants target online presence
County Insurance Consultants has targeted the development of an online personal lines presence after putting pen to paper on a new three-year deal with Open GI.
Fitch affirms Mapfre at 'A+' with a stable outlook
Fitch Ratings has affirmed the Spanish insurer Mapfre SA and its core operating subsidiaries' insurer financial strength ratings at 'A+' and Mapfre's long-term issuer default rating at 'A-'.
Law Society launches helpline for riot victims
The Law Society has launched a dedicated telephone helpline to direct the victims of the riots to free legal advice.
Financial services firms expect to grow
Financial services companies with annual revenues of up to £20m expect to increase their turnover by an average of 108% in the next five years, according to Santander Corporate Banking.
Motaquote aims for telematics push following branch closures
Motaquote managing director Nigel Lombard has vowed to bolster the firm’s telematics business, while also pledging to maintain a “strong community presence” following the closure of seven high-street branches in South Wales.
Chubb poaches from Hiscox for HNW
Chubb Insurance has poached Kate Gower as senior underwriter from Hiscox’s art and private clients division where she was senior development underwriter.
Travel insurers face £275m annual bill
Figures released by the Association of British Insurers has shown that the cost of falling ill abroad has hit a record high, as travel insurers helped a record number of people needing emergency medical treatment while overseas.
Two firms appointed to manage uninsured riot claims
Claims made by uninsured members of the public following the recent outbreak of rioting will be jointly managed by Crawford & Company and Cunningham Lindsey.
Mercer names investment management head for EMEA
Michael Dempsey has been appointed head of Mercer’s investment management business for Europe, Middle East & Africa (EMEA) and a member of the firm’s EMEA executive team and its global investment management leadership team.
US insurers voice concern as Solvency II equivalency is raised
Connecticut insurance commissioner Thomas Leonardi has cautioned fellow regulators and other industry members that adoption of European regulatory changes, Solvency II as currently proposed could weaken consumer protections and stability of insurers in…