News
PartnerRe Q1 results dip
PartnerRe has reported net income of $79.7m for the first quarter of 2010 in comparison to $141.4m in Q1 2009.
Crawford appoints EMEA legal chief
Crawford & Company has named Christopher Pinney head of legal for its Europe, Middle East and Africa and Asia-Pacific regions.
Validus reports loss of $118.4m in Q1
Validus Holdings has reported a net loss of $118.4m, or ($0.95 per diluted common share) for the three months ended 31 March 2010, compared with net income of $94.9m, or $1.20 per diluted common share, for the three months ended 31 March 2009.
GAB raids Teceris for counter fraud staff
Claims company GAB Robins has appointed two specialists from rival adjustor Teceris to its counter fraud and investigation services.
Munich Re Q1 profits rise
Munich Re has reported a quarterly profit of €485m up from €437m in Q1 2009 due to large gains from the disposal of investments but natural catastrophe costs “unusually high.”
Chaucer expecting $25m oil spill hit
Lloyd’s insurance group Chaucer has estimated losses of $25m (£16.9m) to Syndicate 1084 due to the explosion of the Deepwater Horizon oil platform in the Gulf of Mexico.
RBSI records COR of 113.3% in Q1 2010
Royal Bank of Scotland Insurance has reported a combined operating ratio, including business services costs, of 113.3% for the first quarter of 2010 compared with 101.5% in Q1 2009.
Crawford appoints EMEA legal chief
Crawford & Company has named Christopher Pinney head of legal for its Europe, Middle East and Africa and Asia-Pacific regions.
Catlin confident Deepwater and Chile quake will have positive impact on pricing
Catlin this morning reported gross premiums written increased by 9% to US$1.3bn during the three month period ended 31 March 2010. Using constant exchange rates, gross premiums written rose by 5%.
Merlin raid bolsters Delta's UK coverage
Delta Claims Services has signed up Lesley Andrew as an owner operator to trade under the company's exclusive adjusting franchise model.
Catlin confident Deepwater and Chile quake will have positive impact on pricing
Catlin this morning reported gross premiums written increased by 9% to US$1.3bn during the three month period ended 31 March 2010. Using constant exchange rates, gross premiums written rose by 5%.
Chartis' Marr appointed IFB director
The Insurance Fraud Bureau has named Chartis vice president of financial crime Glen Marr as its new director.
Mapfre and Banco Do Brasil agree link-up
Spanish insurer Mapfre has formed a strategic alliance with financial institution Banco Do Brasil to form one of the largest insurance groups in the South American country.
Axa appoints new procurement boss
Régine Lucas has been appointed executive vice-president, procurement for the Axa Group.
Mapfre and Banco Do Brasil agree link-up
Spanish insurer Mapfre has formed a strategic alliance with financial institution Banco Do Brasil to form one of the largest insurance groups in the South American country.
Axa appoints new procurement boss
Régine Lucas has been appointed executive vice-president, procurement for the Axa Group.
Former RBS director joins Cifas
Chris McKee, former technical services director of Royal Bank of Scotland Insurance, is joining the Board of Cifas – The UK’s Fraud Prevention Service – as an independent director.
Marsh warns European financial firms over insurance cuts
Broking giant Marsh has warned financial institutions against cutting back on their insurance despite the economic climate.
US insurance giant Chubb set to enter Lloyd's with new syndicate
Almost a decade after its failed bid for Lloyd’s insurer Hiscox US insurance giant Chubb has become the latest corporate player to bid for Lloyd’s entry.
Marsh warns European financial firms over insurance cuts
Broking giant Marsh has warned financial institutions against cutting back on their insurance despite the economic climate.
Axa UK motor book grows 31%
Axa has reported that property & casualty revenues were stable at $9.24bn (£7.83bn) compared to the first quarter of 2009 ($9.1bn).
Birmingham institute appoints president
Peter Maskell has become the first person to be appointed president of the Birmingham Insurance Institute for a second term since 1937.
Axa UK motor book grows 31%
Axa has reported that property & casualty revenues were stable at $9.24bn (£7.83bn) compared to the first quarter of 2009 ($9.1bn).
Broker warns of threat to CII
The future of the Chartered Insurance Institute could be at stake because too few members take an active role in promoting the organisation, Cowens Survival Capability has claimed.