News
Jubilee parent completes Direct Group deal
Ryan Specialty Group is completing the acquisition of Direct Group today.
RSA hails "unique geographic footprint" after 15% growth in emerging markets
Emerging markets led growth for RSA in the first three quarters of 2012 as challenging conditions continued to affect performance in its core European market.
Towergate dismisses Paymentshield speculation
Towergate has denied speculation that the firm is planning to sell its mortgage payment and insurance business Paymentshield.
Chubb HNW offering receives facelift
Chubb is revamping its high net worth underwriting and account handling teams in a bid to make its offering more relevant to brokers.
Benign nat cats help Swiss Re to $2.2bn net income in Q3
Swiss Re reported net income of $2.2bn in the third quarter of 2012, driven by strong performance from P&C reinsurance and a one-off gain from the sale of the Admin Re US business.
Swiss Re sees Q3 profits soar
Reinsurance giant Swiss Re has reported an improvement of just over 60% in group profits for the third quarter.
Two aviation underwriters join Antares
Lloyd's insurer Antares has appointed Simon Hennessy and Russell Mason as aviation underwriters.
Bluefin white-labels Lorega 10
Independent broker Bluefin is to white-label loss recovery insurance product Lorega 10, branding it as Bluefin Response.
Xchanging secures Lloyd's claims reporting contract
Business technology services provider Xchanging has landed a contract to build a platform for the Lloyd's claims reporting suite.
Novae insurance income to dwarf reinsurance earnings
Novae Group's investment returns grew by £6.5m to £22.1m for the first nine months of 2012, but gross written premiums remained flat at £510.6m (2011: £516.4m).
ProSight names Towers Watson director as syndicate CRO
ProSight has appointed Ryan Warren as chief risk officer for its Lloyd's Syndicate 1110.
Aspen launches professional indemnity products
Aspen Risk Management has created a range of professional indemnity products to provide greater flexibility and choice.
Chartis appoints regional head
Chartis has appointed a new regional manager for the Midlands and south west.
RSA 'well positioned' for economic woes, analysts say
Analysts have responded positively to RSA's results for the nine months to 30 September 2012, but warned that a series of storms like Sandy could affect its "attractive" dividend yield.
Ace highlights environmental issues as top European emerging risks
A survey of 600 risk managers, chief risk officers, chief financial officers, chief operating officers and insurance buyers found that 35% of mid-size companies view environment risk as the top emerging concern.
RSA UK premiums flat as international business grows
RSA is on target to deliver a combined operating ratio of around 96% and £500m investment income for the 2012 full year after reporting a 4% jump in net written premiums to £6.2bn for the nine months to 30 September 2012.
Lancashire records 48.9% Q3 combined ratio
Lancashire has reported a marginal increase in the combined ratio and a fall in net operating profits in its Q3 results.
US sale talks continue, says Aviva chairman
John McFarlane has confirmed that discussions over the sale of the firm's US life and annuities business are on-going.
Aviva reveals 97% COR in steady results
Aviva's general insurance business delivered a combined operating ratio of 97% in the first nine months of 2012, in line with the previous year, excluding RAC.
Analysts react to Haste's Lloyd's move
The decision by former RSA group chief executive Andy Haste to join Lloyd's as deputy chairman has surprised market observers, who expected him to stay in general insurance.
Investing in the Profession: Pound Gates gains ISO accreditation
Chartered insurance broker Pound Gates has gained ISO 14001 and 9001 accreditations.
Davies signals 'time for change' with staff shake-up
Former Merlin Claims director John Watson is joining Davies Group amid a shake-up in which chief executive Charles Crawford and two senior colleagues are leaving.
Proposed cuts to fire service budgets could have major impact on insurers
The insurance industry is urging the government to implement a central fire and rescue policy in England amid fears that sweeping budget cuts will result in insurers paying the price for longer response times.
Insurers await outcome of 'dishonest' evidence appeal in Axa case
Several insurers are awaiting a Court of Appeal decision on Axa's use of allegedly "false" Autofocus evidence before potentially resuming out-of-court negotiations with Accident Exchange.