News
Aon results highlight 8% fall in broker's UK revenue
Broking giant Aon today reported an 8% decline in commission and fees for its UK arm, in the second quarter of 2010 to $167m (Q2 2009: $181m).
Fitch revises VTB Insurance outlook to positive
Fitch Ratings has revised the outlook of Russian VTB Insurance to positive and affirmed its ratings at insurer financial strength 'BB' and National IFS 'AA-(rus)'.
Oxygen Corporate Risks confirms new Leeds boss
Oxygen Insurance Brokers, a subsidiary of Oxygen Holdings, has appointed Simon Rowlands to head up its Leeds office.
Post Europe Live: General insurers protect finance raising in Spain
This week broker Marsh’s Fernando Claro discusses the risks faced by Spanish firms wanting to do an initial public offering.
Fitch revises VTB Insurance outlook to positive
Fitch Ratings has revised the outlook of Russian VTB Insurance to positive and affirmed its ratings at insurer financial strength 'BB' and National IFS 'AA-(rus)'.
General insurers protect finance raising in Spain
This week broker Marsh’s Fernando Claro discusses the risks faced by Spanish firms wanting to do an initial public offering.
Deloitte urges insurers to begin IFRS planning
Deloitte has called on insurers to begin working on the International Accounting Standards Board proposals for a single International Financial Reporting Standard for insurance contracts.
Marsh Germany hires D&O expert
The German operation of insurance broker Marsh has hired directors' and officers' specialist Stefan Steinkühler.
Italian insurance regulator to act on high motor premiums
The Italian insurance regulator ISVAP has promised that it will take action to reduce the higher than European average motor premiums in the country this year.
Ecclesiastical in Gloucester office move
Ecclesiastical has moved its Gloucester office to Gloucester Docks from Brunswick Road.
Deloitte urges insurers to begin IFRS planning
Deloitte has called on insurers to begin working on the International Accounting Standards Board proposals for a single International Financial Reporting Standard for insurance contracts.
Marsh Germany hires D&O expert
The German operation of insurance broker Marsh has hired directors' and officers' specialist Stefan Steinkühler.
Italian insurance regulator to act on high motor premiums
The Italian insurance regulator ISVAP has promised that it will take action to reduce the higher than European average motor premiums in the country this year.
Underwriting Service Awards 2010 - rewarding insurance underwriting excellence
Post has launched the all new Underwriting Service Awards, designed to identify, reward and shine a light on the highest performing insurance industry underwriters across a number of different insurance specialisms. The winners will be announced at a…
PwC predicts “mixed reaction” to IASB draft
Accounting firm PricewaterhouseCoopers has predicted that the insurance industry will be divided on International Accounting Standards Board plans for a single International Financial Reporting Standard.
Lloyd's: East London sees ‘extreme weather’ increase
A new Lloyd’s of London has discovered East London has experienced a tenfold increase in extreme daily rainfall since 1960, and warning that the closure of meteorological stations is resulting in incomplete data, impairing future analysis.
IASB proposes single insurance financial reporting standards
The International Accounting Standards Board has recommended a single International Financial Reporting Standard for all insurers in all jurisdictions.
"Business as usual" at Quinn
A court heard the latest report from the joint administrators of Quinn Insurance that it is "business as usual" while they continue to retain merchant bankers to advise them on any prospective sale of the group, reported the Irish Independent.
CHO Helphire boss Richard Rose hails "significant" turnaround
Credit hire firm Helphire today said it expects its results for the year ended 30 June 2010 to show a strong recovery in performance as a result of the plan and to be in line with expectations.
PwC predicts “mixed reaction” to IASB draft
Accounting firm PricewaterhouseCoopers has predicted that the insurance industry will be divided on International Accounting Standards Board plans for a single International Financial Reporting Standard.
Broker JLT boss Dominic Burke hails Australasia arm as revenue and profits rise
Jardine Lloyd Thompson this morning reported a 21% rise in revenue to £377.8 (H1 2009: £313.0) and an underlying trading profit of £70.7 (H1 2009 £57.8m) up 22%.
IASB proposes single insurance financial reporting standards
The International Accounting Standards Board has recommended a single International Financial Reporting Standard for all insurers in all jurisdictions.
Broker JLT boss Dominic Burke hails Australasia arm as revenue and profits rise
Jardine Lloyd Thompson this morning reported a 21% rise in revenue to £377.8 (H1 2009: £313.0) and an underlying trading profit of £70.7 (H1 2009 £57.8m) up 22%.
DAS lands Paymentshield account
Legal expenses firm DAS has been appointed by Paymentshield to provide its landlords protection policy to its Letting Agents Solutions scheme.