News
Chaucer raids Brit for PI underwriter
Chaucer Syndicates has appointed Ian Noble as professional indemnity class underwriter for Chaucer Syndicate 1084.
Business leaders welcome appointment of PM Cameron
The Forum of Private Business has given a cautious welcome to the appointment of the new Prime Minister, David Cameron, and his stated intention to form a coalition government between his party and the Liberal Democrats.
Hiscox to enter aviation as it reports £10m Deepwater hit
Hiscox’s gross written premiums grew year on year by 6.4% in local currencies to £504.1m in quarter one 2010(2009 Q1: £486.5 m).
Allianz hit by high cat losses
Allianz Group has reported that its property & casualty business wrote gross premiums written of €14.0bn (Q1 2009: €13.9bn) in the first quarter of 2010.
Fortis UK CEO pleased with lot despite £1.8m Q1 net loss
Fortis UK this morning reported non-life and life premiums increased by 18.4 per cent to £234.9m (Q1 2009: £198.4m) in the first quarter of 2010.
Hiscox to enter aviation as it reports £10m Deepwater hit
Hiscox’s gross written premiums grew year on year by 6.4% in local currencies to £504.1m in quarter one 2010(2009 Q1: £486.5 m).
Liberty Mutual net income soars
US insurance giant Liberty Mutual has reported net income of $315m for the three months ended March 31, 2010 an increase of $293m over the same period in 2009 despite $411m catastrophe losses in the quarter.
Harrison to lead European business
Combined Insurance has appointed Chris Harrison as executive vice president and general manager, Europe, assuming overall leadership responsibility for Combined Insurance’s European business – sales and operations.
Harrison to lead European business
Combined Insurance has appointed Chris Harrison as executive vice president and general manager, Europe, assuming overall leadership responsibility for Combined Insurance’s European business – sales and operations.
LV recruiting for over 160 staff
LV has announced it is recruiting for over 160 jobs in its general insurance business. The jobs currently being recruited for will be based in offices in Bournemouth, Croydon, Basildon, Huddersfield, Leeds and Bristol.
New Jersey targets captive and reinsurance markets
New Jersey Insurance Commissioner Tom Considine has praised new legislation that would grow the reinsurance market and create a captive insurance market in the state.
THB director resigns from board
The board of THB has announced the resignation of human resources director Corinne Bennett, as a director of the company with effect from 2 July 2010.
Fairholme increases AIG stake
Fairholme Capital Management, the investment firm run by Bruce Berkowitz, has raised its bet on the recovery of AIG by increasing holdings to 25.5 million shares, following the release of the insurance giant’s first quarter results.
Gulf spill to harden US energy rates - MarketScout
The premium and corresponding rates for all lines of commercial property and casualty business in the United States were down 4% for the month of April 2010.
Johnston Re cat bond completed
Johnston Re, the US hurricane catastrophe bond for the North Carolina Joint Underwriting Association (NCJUA) and the North Carolina Insurance Underwriting Association (NCIUA), closed on Monday at $305m.
Ironshore completes $250m debt offering
Ironshore has announced that it completed the private offering of 8.50% senior notes due 2020.
Fitch more positive about German GI sector
Fitch Rating has today revised the outlook for the German non-life insurance sector to stable from negative due what it described as "increased investment income in 2009 and an increase in motor insurance premium rates in early 2010".
Fitch more positive about German GI sector
Fitch Rating has today revised the outlook for the German non-life insurance sector to stable from negative due what it described as "increased investment income in 2009 and an increase in motor insurance premium rates in early 2010".
Aviva sees "potential signs" of return to UK GI growth
Aviva today said it is "seeing signs of a return to volume growth" in its UK general insurance book.
Aviva sees "potential signs" of return to UK GI growth
Aviva today said it is "seeing signs of a return to volume growth" in its UK general insurance book.
Logica strikes deal with IT-Freedom
Logica, a business and technology service company, is to enter a partnership with general insurance software provider, IT-Freedom.
PM Brown announces he will stand down
Gordon Brown has announced that he intends to stand down as Prime Minister and leader of the Labour Party by the time of the Labour Party Conference in the Autumn.
RBSI to axe 2000 roles to "regain competitive edge," claims insurance CEO
Royal Bank of Scotland Insurance has revealed a proposal to cut 2000 jobs.
Mondial reports €56m profit for 2009
Mondial Assistance has reported €1.673bn turnover in 2009 (+4.8% or +5.4% at a constant exchange rate) and a return of €56m. Its combined ratio was 95.9 %.