News
Lloyds Bank GI profit rises 1% to £372m
Lloyds Banking Group this morning reported that its profit before tax and fair value unwind from general insurance increased by 1 per cent to £372m in 2010.
Brit Insurance CEO heralds performance in "stodgy" market
Brit Insurance has reported a profit before tax excluding the effect of foreign exchange on non-monetary items of £119.2m in 2010 (2009: £171.3m).
Brit Insurance CEO heralds performance in "stodgy" market
Brit Insurance has reported a profit before tax excluding the effect of foreign exchange on non-monetary items of £119.2m in 2010 (2009: £171.3m).
Chartis records $4bn loss in Q4 2010
Chartis reported a fourth quarter operating loss of $4.0bn, due to reserve additions net of discount and loss sensitive premium adjustments of $4.2bn, compared to a loss of $1.8 bn in the fourth quarter of 2009.
Chartis records $4bn loss in Q4 2010
Chartis reported a fourth quarter operating loss of $4.0bn, due to reserve additions net of discount and loss sensitive premium adjustments of $4.2bn, compared to a loss of $1.8 bn in the fourth quarter of 2009.
Moody’s: Allianz results validate Aa3 rating
Ratings agency Moody’s has claimed that Allianz Group’s recent financial results support its decision to grant the insurer an Aa3 insurer financial strength rating.
CCV signs Aldermanbury Declaration
Cullum Capital Ventures said it has signed up to the Aldermanbury Declaration as a demonstration of its ongoing commitment to professional standards.
Glencairn adds to food and drink team
Glencairn, a company within Faber & Dumas, the third-party wholesale brokerage arm of global insurance broker Willis Group Holdings, has appointed Jamie Webb as account executive, Glencairn Casualty.
Ironshore names property SVP
Ironshore has appointed Daniel Owen as senior vice president of its global property builders risk division.
Marsh staff missing following quake
Three broking staff based at Marsh’s Christchurch office are still unaccounted for after the building was destroyed this week in the 6.3 magnitude earthquake.
Halo enters German market
Halo Insurance has launched in the German motor insurance sector after partnering with Chubb.
Halo enters German market
Halo Insurance has launched in the German motor insurance sector after partnering with Chubb.
Cooper Gay hires head of broking for Singapore operation
Cooper Gay has appointed Jeremy Austen as head of broking for its Singapore office.
Aon Benfield CEO retires
Jean-François, who is currently Aon Benfield’s head of analytics, Benelux, is set to replace the present Brussels CEO, Bernard Suys, following his decision to retire in March 2013.
Aon Benfield CEO retires
Jean-François, who is currently Aon Benfield’s head of analytics, Benelux, is set to replace the present Brussels CEO, Bernard Suys, following his decision to retire in March 2013.
RSA reports £80m profit dip at group level
Insurer RSA has announced a group pre-tax profit of £474m for 2010 – down £80m on the figure for 2009.
APC drops minimum premium by up to 40% in SME push
Commercial insurance underwriting agency APC has set its sights on taking a larger share of the SME market by implementing a new area rating underwriting strategy for the lower crime level areas throughout the UK and Northern Ireland.
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
RBS Insurance records £295m loss and 115% COR in 2010
Royal Bank of Scotland Insurance has decribed 2010 as "a disappointing profit year", after reserve strengthening for bodily injury claims and severe weather, resulted in a loss of £295m (2009: £58m profit) and a combined opertaing ratio of 115% (2009:…
RSA bolsters motor reserves and reports UK underwriting loss of £95m
RSA's UK business reported an underwriting loss of £95m (2009: profit of £75m) and a COR of 102.2% (2009: 98.0%) in 2010.
LV profits soar beyond £30m for 2010
LV's general insurance arm has recorded a pre-tax profit of £35m for 2010 – a £33m increase on its prior year performance.
Keelan Westall sets £1m target for online launch
Barbon-owned wholesale property broker Keelan Westall is planning to launch an online trading platform in a bid to make transactions with its partners more efficient.
Editor's comment: Spot the difference
As rebrandings go it will hardly go down among the most talked about in the history of financial services, but the end of the Consumer Protection and Markets Authority has at least proved that maybe the government is listening.