News
KPMG welcomes Solvency II equivalence transitional measures
KPMG today welcomed the announcement by Karel van Hulle, head of insurance and pensions unit at the European Commission, of transitional measures under Solvency II’s equivalence, claiming the arrangements will be welcome news to insurance groups.
JLT Insurance Management Malta welcomes new shareholder
JLT Insurance Management Malta a joint venture between JLT Insurance Management Limited (JLTIMG) and Elmo Insurance Limited, a Maltese domestic insurer, has confirmed that Risk and Reinsurance Solutions SA (2RS) will become a 33% shareholder in JLTIMM…
Post in print - 28 October 2010
Senior reporter Dan Dunkley outlines the main news from this week's issue of Post.
Mapfre revenues up 9.2% as net result drops 5.2%
Mapfre has revealed its revenues have increased by 9.2% in the first 9 months of 2010 - however its net attributable result has fallen in the same period.
Supply chain failure: new report
Supply chain failure is increasingly common according to a new survey from the Business Continuity Institute. The research from 35 countries shows that over 70% of organisations recorded at least one supply chain disruption in 2010.
JLT Insurance Management Malta welcomes new shareholder
JLT Insurance Management Malta a joint venture between JLT Insurance Management Limited (JLTIMG) and Elmo Insurance Limited, a Maltese domestic insurer, has confirmed that Risk and Reinsurance Solutions SA (2RS) will become a 33% shareholder in JLTIMM…
IAG to retain Equity Red Star
Insurance Australia Group chairman Brian Schwartz has vowed not to sell its embattled UK business Equity Red Star.
Helphire issues results warning
Accident management firm Helphire has warned that its results for the current financial year are likely to be “below current market expectations”.
APC unveils fast food insurance product
Underwriting agency APC has launched a bespoke take-away fast food franchise insurance product for Irish businesses.
APC unveils fast food insurance product
Underwriting agency APC has launched a bespoke take-away fast food franchise insurance product for Irish businesses.
Morgan completes M Wood purchase
Morgan Financial Group has acquired Bridgend-based insurance broker M Wood Insurance Services.
QBE given green light for Belgian acquisition
QBE has received approval from the Belgian regulator for the acquisition of reinsurer Secura NV.
Concerns raised over post-acquisition capital structure of Brit
AM Best Europe has placed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Brit Insurance and the ICR of “bbb” of Brit Insurance Holdings, the ultimate parent of the Brit Insurance group of companies, under review…
QBE given green light for Belgian acquisition
QBE has received approval from the Belgian regulator for the acquisition of reinsurer Secura NV.
Concerns raised over post-acquisition capital structure of Brit
AM Best Europe has placed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Brit Insurance and the ICR of “bbb” of Brit Insurance Holdings, the ultimate parent of the Brit Insurance group of companies, under review…
Biba establishes working group to tackle PMI tax
The British Insurance Brokers’ Association is set to establish a working group to tackle the issue of personal tax on private medical insurance.
UIB boosts marine division
Insurance broker UIB has appointed Philip Levers as cargo divisional director.
Over five million households in the UK have no home insurance
Research by the Co-operative Insurance and housing and homelessness charity, Shelter, has revealed that over a fifth (5.41m) of households in the UK have no insurance protections in place.
Munich Re acquires Windsor Group
German reinsurance firm Munich Re has agreed to acquire Windsor Health Group.
Former PWS chief executive jailed for 21 months
Julian Messent, the former chief executive of broker PWS International, has been jailed for 21 months after admitting making or authorising bribes totalling $2m.
Munich Re acquires Windsor Group
German reinsurance firm Munich Re has agreed to acquire Windsor Health Group.
UK personal motor market to remain unprofitable until at least 2015
The UK personal motor market is to remain unprofitable until at least 2015, according to a survey of UK insurers by Tower Watson.
QBE set to cut four Evergreen staff as part of rebrand
QBE has confirmed it is to re-brand its December 2009 purchase Evergreen.
Brit reports 8.5% drop in GWP
Brit Insurance has reported an 8.5% reduction in gross written premium to £1.22bn for the nine-month period ended 30 September 2010 (3Q 2009: £1.33bn), a decrease of 9.0% at constant exchange rates.