News
HBoS declares 64% surge in GI profit
Halifax Bank of Scotland has revealed its general insurance profit leapt by 64% to £176m in the firs...
QC applauds 'rational' bouncy castle U-turn
The Court of Appeal's decision to overturn a ruling that held parents responsible for an accident on...
Appointment at Glacier
Glacier Insurance has promoted Tim Hofmeister to managing director, Germany. He will be based in the...
XL Capital clarification
Bond insurer XL Capital Assurance, a subsidiary of Security Capital Assurance, was downgraded by rat...
Appointment at Wesleyan
Wesleyan Assurance Society has appointed Andrew D'Arcy as director of general insurance. He joins We...
Sierra Leone office aid
Two huge containers packed full of redundant office equipment, furniture and hardware are on their w...
Appointment at Arista
Rachel Bryant has joined Arista as a senior underwriter after a 15-year tenure at RSA. She leaves th...
Claims experience as important as price, suggests survey
Six in 10 people who have claimed on their household insurance consider their claim experience, and not just competitive pricing, when renewing ther policy, according to a recent survey commissioned by claims processing company Comet Replacement Services.
Collins hires senior Southeastern US broker from Aon Re Global
Collins, the US property-casualty, life, and accident & health (re)insurance broker, announced that it has hired senior vice-president Kevin Knudson from Aon Re Global.
Pick of the week
Reporter Louise Meeson and supplements and online editor Stephanie Denton look at the major stories from the general insurance market. This week: Insurance chiefs denounce commissions that top 30%; Aon suspends three staff pending investigations; IFB…
Polaris appoints Chris Hanks as chairman
Chris Hanks, general manager of Allianz Commercial, has been appointed chairman of technology provider Polaris.
$540m goodwill charge sends MMC to $145m net loss in H2
Marsh and McLennan, the financial services company that owns Marsh and reinsurance broker Guy Carpenter, said a goodwill charge of $540m sent it into a net loss of $145m in the first six months of the year, compared with net income of $445m last year.
The 2008 Reinsurance Magazine Power List
Below are the rankings for Reinsurance Magazine's 2008 power list. 2007 rankings are in brackets. The list details who - in Reinsurance's opinion - are the top 20 movers and shakers in the (re)insurance market (from brokers to underwriters to buyers),…
Sales on the rise for Standard Life Healthcare
Standard Life has reported a 27% increase in healthcare sales, worth £14m, for Q2, according to its market 2008 Interim results, released this morning.
Markel investments hit by market turbulence
Markel has reported that net income has fallen to $116.2m in the first half of the year from $219.9m in 2007.
Munich Re first half profits off nearly 35%, but bright on outlook
Munich Re reported a drop of first half profits of nearly 35%, impacted by decreasing insurance prices, the high amount of catastrophe losses, and over €2bn of subprime writedowns.
HCC net earnings drop to $173.4m
HCC Insurance Holdings has reported net earnings for the first six months of 2008 were $173.4m (£88.8m), versus $197.9m for the first half of the previous year.
600 sign up for Positive Learning Solutions Academy
600 IFAs have registered online for The Positive Learning Solutions Academy since Friday.
Aon places three on leave of absence pending illegal payment investigation
Aon has placed three employees in its aviation team on a leave of absence pending an investigation that improper payments were given to parties in Indonesia, according to a senior market source.
Advent rejects Fairfax's £67m offer
Lloyd’s (re)insurer Advent has rejected a £67m offer from Canadian financial services company Fairfax.
XL to offer environmental pollution insurance
XL Insurance, the global insurance operation of Bermuda-based (re)insurer XL Capital, is offering a specialised environmental insurance program that addresses pollution liability and clean-up expenses for US warehouses, storage and distribution…
Confused adds new insurer to its home panel
Confused has added Click Insurance to its list of insurers for home insurance.
Close buys Kaupthing's premium finance arm
Kaupthing Bank’s subsidiary, Kaupthing Singer and Friedlander has sold its insurance premium finance business to Close Brothers at a small premium to net asset value.
Max Capital income halves in H1
Max Capital Group has reported net income for the second quarter of 2008 of $74.2m, compared to net income of $94.1m for the second quarter of 2007. Net operating income was $76.1m, compared to net operating income of $94.4m for the same quarter in 2007.