News
Generali boosts profits by 40%
Assicurazioni Generali has posted net profits of €1.6bn (£1.3m), a 40.4% increase on the nine month results last year.
Markel International posts improved combined ratio for Q3
Markel Corporation reported diluted net income per share of $4.67 (£2.90) for the quarter ended September 30, 2013 compared to $5.32 for the third quarter of 2012.
Beazley predicting 'mid-80s' full year COR
Beazley has chalked up a 5% rise in premiums of $1.54bn (£958m) over the first nine months of the year, as limited exposure to weather events has left the firm expecting a better than predicted full year combined ratio.
Tulloch engaging brokers ahead of Aviva senior team rebuild
Aviva UK general insurance chief executive Maurice Tulloch has vowed to engage heavily with brokers as he seeks to build a new senior team following a string of high-profile exits.
COR improves at Aviva UK as storm losses hit £10m
A reduction in the Aviva UK general insurance combined operating ratio of 95.5% (9M 2012: 97%) has been attributed to lower expenses and favourable weather conditions over the first nine months of the year.
Over 170m low-income people using microinsurance in Asia-Pacific
According to research by the Munich Re Foundation and GIZ, which assists the German government in sustainable development, the microinsurance sector in Asia-Pacific has reached 172m lives representing a 40% annual growth rate between 2010 and 2012.
Qatar bullish on Asian reinsurance market
The 1st Asia Reinsurance Barometer, published by the Qatar Financial Centre Authority, finds that the region's reinsurance markets are "still bustling with confidence", although "the outlook on pricing and profitability for the next twelve months is…
Ventris leaves Cunningham Lindsey 'by mutual consent'
Neil Ventris, director, London markets, is to leave Cunningham Lindsey UK after five months in the role.
Open GI and Right Choice renew partnership
Technology provider Open GI has announced a renewed five-year partnership with Right Choice Insurance Brokers.
Watson defends Tesco Underwriting's GWP slump
Ageas UK chief executive Andy Watson has defended Tesco Underwriting’s £133m gross written premiums slump after posting a GWP of £341.1m for the first nine months of the year.
DAS recruits Munich Re man to replace Gibson as CFO
Legal expenses insurer DAS has confirmed that Munich Re’s Thomas Jannakos will replace Paul Gibson as the firm’s UK group chief financial officer.
Money Supermarket sees insurance revenues inch upwards
Price comparison site Money Supermarket has seen insurance revenues climb 2% for Q3 2013.
DAS puts commercial products on Acturis
Legal expenses insurer DAS has launched its loss assistant business product and commercial legal protection products on Acturis.
Healthy Pets appoints More Than founder as non-exec
Online pet insurer Healthy Pets has appointed one of More Than’s founding team as a non-executive director.
Lancashire recruits Merrill Lynch banker for non-exec role
Bermuda-based insurer and reinsurer Lancashire has appointed Merrill Lynch’s former co-head of corporate broking as a non-exec director.
Brokerslink appoints operations director
Brokerslink has appointed Carla Alves as director of operations. Alves was previously managing director of brokerage for MDS Insurance and Risk Consulting.
Solicitors inaction following ARP closure blamed for lack of PI cover
153 law firms have entered 60-day cessation period after failing to get insurance
LMA launches new e-claim file site
The Lloyd’s Market Association is to launch an electronic claim file website on 18 November.
Bluefin eyes agriculture opportunities with new appointment
Bluefin has appointed Mark Rogers to the newly-created role of farm director, effective immediately.
Cullum’s consolidation credentials face test as he joins Penta in backing GRP
Global Risk Partners warned it must adapt quickly amid market uncertainty.
Lancashire CEO upbeat on COR despite heavy Q3 losses
Lancashire Holdings chief executive Richard Brindle has heralded his group’s sub-70% combined operating ratio for the first nine months of the year, despite a third quarter deterioration, as testament to the “resilience of our portfolio”.
JLT launches new reinsurance venture
JLT has launched a reinsurance arm under the name JLT Towers Re, following the acquisition of Towers Watson’s reinsurance broking business.
ABI predicts St Jude storm to cost insurers £130m
The Association of British Insurers is estimating insurers will have to pay out £130m to policyholders following last week’s St Jude storm.
Brokers concerned by latest Aviva exits as Hudson and Robinson jump ship
Pair’s departure follows those of Clayden, Spencer and Deakin in recent months.