News
Axa chief hails 'one-off' CL opportunity
Axa Insurance is preparing to unveil a restructure of its commercial division after revenues in the first six months fell by 18% year-on-year.
RBSI CEO cries injustice as it is hit with 30 PPOs
Royal Bank of Scotland Insurance's decision to strengthen its reserves by £320m in lieu of bodily injury claims has contributed to an operating loss of £253m in the first six months of the year.
Axa and Aviva tread carefully as large commercial rates stagnate
Aviva and Axa have admitted the lack of rate hardening in commercial lines has dampened their appetite for some larger risks, at least in the short term.
Sabre to join Provident on Tesco panel
Sabre is poised to join Provident Insurance on Tesco Bank's specialist motor panel, Post has learnt.
Axa boss joins Zurich UK operation
Zurich’s UK general insurance division has appointed Peter Clark as head of property and strategy exposure management, commercial lines.
Axa boss joins Zurich UK operation
Zurich’s UK general insurance division has appointed Peter Clark as head of property and strategy exposure management, commercial lines.
IFB joins forces with City Police as Cheatline calls reach all time high
The Insurance Fraud Bureau is to support City of London Police with 'Wise Up', a three week fraud awareness campaign which begins on 18 August.
Towergate boss joins Power Place
Former Towergate manager Darren Rowe has been appointed sales director of sister company Power Place.
Catastrophe bond issuance surges in Q2 – Guy Carpenter
Eight transactions completed, totaling $2.05bn of risk capital as investor appetite remains strong according to the reinsurance broker.
Aegis London appoints new specie team
Aegis London has announced the appointment of a new specie team led by Ian Seakens, senior underwriter, and supported by Ian Morton, underwriter.
Brokerbility member acquires South West broker
Marsh and Co, a member of the Brokerbility Group, has acquired Regency Commercial Insurance Brokers in Weston-super-Mare.
Fortis launches additional functionality for renewals
Fortis has launched additional functionality for renewals on its Acturis commercial electronic products.
FSA staff resignations rise 128%
There has been a 128% leap in the number of staff resigning from the Financial Services Authority in one year as the government proposes to abolish the regulator, according to Reynolds Porter Chamberlain.
QBE restructures exec to better reflect growth
As a result of its continued expansion, QBE has decided to restructure into three main operating divisions – Europe, the Americas and Australia Asia Pacific.
Dual in SME e-business launch
Dual Corporate Risks has launched an e-business strategy targeting small businesses.
Russian Rossiya receives negative rating
Fitch Ratings has revised the rating watch on OJSC Rossiya Insurance's international financial strength rating 'B-' and national IFS rating 'BB-(rus)' to negative.
Markel International profits hit by major losses in H1 2010
Markel International reported gross written premiums of $395.3m for the six months to 30 June 2010, compared to $358.1m for the first half of 2009.
EMEA insurance buyers reap benefits from increased competition
Insurance buyers across Europe, the Middle East and Africa are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a new report.
Fitch assigns German Provinzial Nordwest Group A+ rating
Fitch Ratings has assigned German property and casualty insurer Westfaelische Provinzial Versicherung AG and the life insurer Provinzial Nordwest Lebensversicherung AG insurer financial strength ratings of 'A+' with stable outlooks.
QBE restructures exec to better reflect growth
As a result of its continued expansion, QBE has decided to restructure into three main operating divisions – Europe, the Americas and Australia Asia Pacific.
Russian Rossiya receives negative rating
Fitch Ratings has revised the rating watch on OJSC Rossiya Insurance's international financial strength rating 'B-' and national IFS rating 'BB-(rus)' to negative.
Markel International profits hit by major losses in H1 2010
Markel International reported gross written premiums of $395.3m for the six months to 30 June 2010, compared to $358.1m for the first half of 2009.
EMEA insurance buyers reap benefits from increased competition
Insurance buyers across Europe, the Middle East and Africa are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a new report.
Fitch assigns German Provinzial Nordwest Group A+ rating
Fitch Ratings has assigned German property and casualty insurer Westfaelische Provinzial Versicherung AG and the life insurer Provinzial Nordwest Lebensversicherung AG insurer financial strength ratings of 'A+' with stable outlooks.