News
Aon blames "economic conditions" for 11% drop in UK revenue in Q3 2010
Aon has reported that its UK broking business recorded a 11% drop in commission and fees in the third quarter of 2010 to $148m (£92.7m) (Q3 2009: $167m) with an 8% downturn in organic revenue.
Aon blames "economic conditions" for 11% drop in UK revenue in Q3 2010
Aon has reported that its UK broking business recorded a 11% drop in commission and fees in the third quarter of 2010 to $148m (£92.7m) (Q3 2009: $167m) with an 8% downturn in organic revenue.
Aon "laptop in the pond" case: decision
A senior Aon broker accused of breaking the terms of his gardening leave will no longer face contempt of court charges, Postonline has learnt.
Exclusive content now available on Post Europe
Post Europe’s weekly update is now live with a look at anticompetitive practices in the Ukraine insurance market, as well as a View from the Top opinion on how Spanish SMEs are waking up to the need for D&O cover.
Exclusive content now available
Insurance Insight’s weekly update is now live with a look at anticompetitive practices in the Ukraine insurance market, as well as a View from the Top opinion on how Spanish SMEs are waking up to the need for D&O cover.
QBE creates group executive role
QBE has confirmed a restructure into three main operating divisions: the Americas; Europe and Australia Asia Pacific. As part of the restructure, the insurer has created the new role of CEO of global underwriting operations based in Sydney.
Axa unveils Chinese tie-up
Axa, Industrial and Commercial Bank of China and China Minmetals Corporation have reached agreement on the equity transfer of Axa-Minmetals Assurance Co.
Allianz: by 2020 a fifth of our customers will be on "very low income"
By 2020 a fifth of the people insured by Allianz will come from a very low income.
Axa unveils Chinese tie-up
Axa, Industrial and Commercial Bank of China and China Minmetals Corporation have reached agreement on the equity transfer of Axa-Minmetals Assurance Co.
Allianz: by 2020 a fifth of our customers will be on "very low income"
By 2020 a fifth of the people insured by Allianz will come from a very low income.
Ace CEO Greenberg ups full year forecast after "positive" progress in 2010
Ace Insurance Group has reported $14.9bn gross written premium for the nine months ended 30 September 2010 compared with $14.7bn last year.
XL names Hendrick as strategic growth head
XL Group has appointed Gregory Hendrick as executive vice president, strategic growth, effective immediately.
Ace CEO Greenberg ups full year forecast after "positive" progress in 2010
Ace Insurance Group has reported $14.9bn gross written premium for the nine months ended 30 September 2010 compared with $14.7bn last year.
PwC: ECJ ruling throws a spanner in the works for outsourcing plans
Pricewaterhouse Coopers has warned outsourcing costs for insurers could jump by 20% following what it described as "unexpected decision".
Lloyd's backs Prince's Trust Insurance Leadership Group
The Prince's Trust Insurance Leadership Group has secured the backing of Lloyd's in a major funding deal for the next three years. Under Lloyd's new Brighter Futures for Londoners partnership The Prince’s Trust and the Bromley By Bow Centre will receive…
ABI backs call to remove single renewal date for solicitors' PI
The Association of British Insurers has welcomed today’s publication of an independent report on the need for changes to the solicitors’ professional indemnity insurance market.
RBS appoints banks for insurance sale
The Royal Bank of Scotland has confirmed the appointment of Morgan Stanley and Goldman Sachs to oversee the sale of its insurance division.
PwC: ECJ ruling throws a spanner in the works for outsourcing plans
Pricewaterhouse Coopers has warned outsourcing costs for insurers could jump by 20% following what it described as "unexpected decision".
Fitch takes Brit off negative watch
Fitch Ratings has affirmed Brit Insurance Limited's Insurer Financial Strength rating at 'A', and Brit Insurance Holdings N.V.'s Long-term Issuer Default Rating at 'BBB+' and its subordinated notes at 'BB+.
Oxygen adds senior brokers to its ranks
Oxygen Insurance Brokers has added to its construction professions team with the appointments of Andrew Swan and Andrew Palmer from Aon.
Axis partners with Brazilian adjuster
Axis International Loss Adjusters has extended its presence into Brazil after agreeing a partnership with Consist Seguros.
Moody's outlook on the German insurance sector remains negative
The outlook for the German insurance market remains negative due to the continued rate pressure in property & casualty lines, particularly in motor insurance, and the low interest-rate environment pressurising the profitability of life products with…
Lockton adds former Chartis manager to PI team
Stuart Dugdill joins Lockton’s Manchester office on 1 November.
Moody's outlook on the German insurance sector remains negative
The outlook for the German insurance market remains negative due to the continued rate pressure in property & casualty lines, particularly in motor insurance, and the low interest-rate environment pressurising the profitability of life products with…