News
QBE strengthens UK surety business
Business insurer QBE has appointed Steve Manwaring as UK surety manager from Swedish bank Svenska Handelsbanken.
Generali in profit despite €329m Greek bond losses
Assicurazioni Generali reported net impairment losses of €824m in the first nine months of 2011, €329m of which was related to Greek bonds.
Hardy reports COR of 111%
Hardy Underwriting said in its Q3 results gross written premiums for the syndicate had increased by 8.5% year on year.
AmWINS agrees THB deal
AmWINS Group is to take over the THB Group with an accepted bid of 80.55 pence per share making it worth about £29m.
Catlin: cat losses demand change
Catlin has called on its aggregate reinsurance after catastrophe losses from the Thai floods hit $670m.
TIP buys Rhodes Wood Risk Services
Yorkshire broker The Insurance Partnership has expanded its presence in the West Midlands with the acquisition of Wolverhampton-based Rhodes Wood Risk Services.
RSA restructure aims to improve performance in Western Europe
RSA has made several changes to the operating structure and executive team of the group which will be effective from 1 January 2012.
Insurance Insight Update - 11 November
Insurance Insight’s weekly update is live with an article the biggest man-made disaster in Cypriot history; and a blog on why more education is needed in the Middle East.
RSA restructures executive team
RSA has changed its group’s operating structure and executive team.
HCML launches joint working group
Health & Case Management is set to launch a joint working group of medical experts.
Professional indemnity poll result
Are brokers in Italy prepared for an upsurge in business?
Net write-down will not affect Allianz rating
Allianz's net write-down of €2.6bn on its investment portfolio in Q311 will not affect the insurer's rating.
Lockton goes live with e-accounts
London market broker Lockton has commenced trading with e-accounts, an initiative which enhances the electronic submission of accounting entries by brokers to support global business.
Towers Watson appoints Nordic head
Towers Watson, has named Christian Clemmensen as the leader of its non-life insurance consulting team in the Nordics region.
Sean Quinn declares himself bankrupt
Founder of failed Quinn Insurance, Sean Quinn has been declared bankrupt, according to the BBC.
Cunningham Lindsey to make up to 72 redundant as claims numbers fall
Cunningham Lindsey UK has today confirmed that over the last two months it has had to advise 72 of its 1956 total UK staff (3.6%), at various locations across the business, that they are at risk of redundancy.
Post Blog: Admiral directors and wives go on share spending spree
Pity Cheryl Sussens, wife of Admiral non-executive director John Sussens. On 13 September 2011 she bought 30,000 shares in Admiral at a price of £12.73. That gave her a total of 52,000 shares because, on 26 August she bought her first 22,000 shares at a…
Allianz UK non-life operating profit sees Q3 surge
Allianz’s UK business has today reported an operating profit of €142m for the first nine months of the year – a 1% increase on the figure recorded for the same period in 2010.
Greek exposure hits Allianz Q3 profits
Impairments of €931m from investments including Greek sovereign debt slashed Allianz’s profits for the third quarter, but the insurer said it is still on course to achieve profits of €8.0bn for 2011.
RBSI appoints Manser to head up investor relations
Neil Manser joined RBS Insurance as head of investor relations on 7 November.
Filo Diretto launches Amitravel with Kuoni Italia
Italian insurer Filo Diretto Group has partnered with tour operator Kuoni Italia to launch Amitravel, a travel insurance that covers medical expenses up to €90 000 (£77 105) for injury or illness.
Job-related stress claims are an underestimated issue in Italy
In the last ten years, only one out of 12 job-related stress claims have been validated by INAIL, Italy's national body for health insurance for workers.
Gothaer's IFS affirmed at 'A'
Gothaer Allgemeine Versicherung AG's and Gothaer Lebensversicherung AG's have had theit insurer financial strength ratings affirmed at 'A' and long-term issuer default ratings at 'A-'.
ANIA: tax burden hinders competitiveness in Italy
The Italian National association of insurance companies' managing director Paolo Garonna has lamented during a parliamentary audition that Italy's tax burden is significantly hindering companies' market competitiveness.