News
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.
Ace launches multi-national practice in Continental Europe
Ace has created a new practice designed to meet the needs of multinational companies that are based or operating in Continental European countries.
Bearing Point launches Solvency II reporting tool
Management and technology consultancy Bearing Point has launched Abacus – a pan-European reporting solution for Solvency II which they claim will resolve the reporting challenges facing insurers in the UK and Ireland.
Higos grows further with RM Gillingham
Higos Insurance Services has bought Bridport high street firm RM Gillingham & Son as part of it south-western region expansion with its third acquisition this year.
XL replaces Chartis in solicitors' PI top spot
The Solicitors Regulation Authority has revealed XL Insurance has the largest estimated premium at 18%, according to Professional Indemnity Insurance (PII) arrangements of firms in England & Wales for 2011/12.
Zurich announces Q3 net income increase
Zurich Financial Services today reported an increase in net income in the third quarter, but saw a decline in business operating profits.
Aviation loss levels hit six-year low
The aerospace division of Willis Group Holdings has reported loss levels in the aviation sector are at a six-year low, and insurance premiums are trending on a downward slope.
House rebuilding costs level out
The UK's index of house rebuilding costs produced by the Building Cost Information Service of the Royal Institution of Chartered Surveyors has started to level out.
Aviva and L&G extend Barclays ties
Aviva has extended its product range offered through Barclays to include personal accident cover. Legal & General will provide critical illness insurance.
Italian insurers liable for losses if sovereign defaults
Italian insurers’ may be prevented from passing losses incurred in a sovereign default onto policyholders, if the return on customer portfolios is below the minimum guaranteed, according to Fitch.
Vienna Insurance appoints new head of investor relations
Vienna Insurance Group has appointed Nina Higatzberger as head of investor relations.
More Than insureds track claims online
More Than has launched an eClaims service that enables motor insurance customers to track their claim from registration to completion online.
GAB Robins raids Buckley Scott
Loss adjuster GAB Robins has expanded its construction and engineering claims by appointing Simon Donnelley from Buckley Scott.
Homeserve expands mis-selling review
Homeserve is to revise its direct marketing materials as part of its mis-selling review. The materials are due to be sent out in the New Year.
Novae reiterates 60% loss ratio target
Novae has reported its gross written premium for the first nine months of 2011 was up 9% to £516.4m, up 9% (2010: £473.3m).
Zurich reports 'worst year since Katrina'
Zurich branded 2011 ‘the worst year since Hurricane Katrina’ as it reported a 12% slump in general insurance operating profit for the nine months so far, which was down to $1.73bn from $1.97bn last year.
Law report: Costs ruling brings necessary clarity
This law report has been contributed by national law firm Berryman’s Lace Mawer