News
Catlin battered but unbowed by 2005
Bermudian (re)insurer Catlin has announced that profits from 2005 were sharply down on the back of substantial losses from the Atlantic hurricane season that carved a trail of devastation through the area.
Benfield predicts 10%+ growth for 2006
Benfield has announced a profit of £34.8m over 2005, up 12% on the £31m it made the previous year and confirmed expectations of revenue growth above 10% in its core reinsurance intermediary business in 2006.
RSA reports significant profit hike
Royal and Sun Alliance this morning reported net written premiums of £5.4bn for the year ending 31 December 2005(2004: £5.1bn). Its combined operting ratio for ongoing business was 93.8% (2004: 93.8%) and profit before tax rose to £865m (2004: £38m)…
Intermediary research shows young are not attracted to jobs
Following a study by industry analyst Plimsoll Publishing (PM, 2 March, p4), research from Norwich U...
New warning over offshoring
Private sector union Amicus has warned that the crisis in the Indian labour market will be distorted...
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FSSC launches skills programme
The Financial Services Skills Council has launched 'Skills Bill', an 18-month UK wide programme of w...
Admiral will sail into Spain with new name
Admiral will not follow Direct Line and copy its UK brand in Spain, claiming the name would not be l...
Appointment at Singer and Friedlander
Singer and Friedlander has made three promotions. Neil Jenkinson has been promoted from head of sale...
Appointment at Amlin
Amlin Bermuda, Amlin's wholly owned reinsurance business, has appointed Stuart MacKellar as managing...
Regulator for claims farmers will be short-term solution
The Minister for Constitutional Affairs, Baroness Ashton, told the House of Lords on Tuesday the reg...
Analyst expects limited deterioration
Analyst Keefe Bruyette and Woods said it expects a limited deterioration in Royal and Sun Alliance's...
Swiss Re adds 27% point charge
Swiss Re added a 27% point charge to its 2005 liability combined ratio for deterioration to its 1999...
Amlin profits at the top
Amlin's profits for the 2003 year of account are likely to come in at the top of expectations, with ...
FM Global toasts 92% retention
US-based property insurer FM Global, announced its fourth consecutive year of strong financial and o...
Anglo Pacific allows brokers to view online
Underwriting agency Anglo Pacific Consultants will allow brokers to see their live statements of bus...
Appointment at XL Capital
XL Capital has appointed Joseph Mauriello to the board of directors. Mr Mauriello was formerly deput...
Oxygen to target extended warranties markets
London market broker Oxygen is to target extended warranties markets with the hire of a new team. Th...
US alien rules on the way out
Lloyd's has taken a step closer to pulling down arcane rules which force the market to post billions...
Appointment at Acumus
Acumus Insurance Solutions has made Chris Issacs business development director. Previously senior bu...
Marsh pension rebels given April deadline
Broking giant Marsh has given its employees a 1 April deadline to agree to a cut in their pension pr...
Cost of care debate re-ignited
A recent case has continued the ongoing debate over whether local authorities or insurance companies...
Appointment at Heritage Underwiting
Heritage Underwriting Agency has made Paul Battagliola operations director. Mr Battagliola will be p...
EL instability warned if plan implemented
Insurers and small business groups have reacted angrily at government plans to use compulsory em...