News
CBG sells PL business to Swinton
CBG Group has sold “certain elements” of its personal lines business to Swinton.
Validus reports strong profit gain
Validus reported record fourth quarter profits and an increase in profit for 2009.
Argo reports jump in profits
Argo reported full year net income of $117.5m or $3.81 per share up from net income of $62.9m or $2.05 per share, up from $97.6m, or $3.17 per share, in 2008.
Fairfax acquires Zenith
Fairfax, the acquisitive financial holdings company, has bought US workers compensation insurer Zenith for $1.4bn.
Partner Re Global chairman retires
Bruno Meyenhofer, the chairman of PartnerRe Global, has advised the company of his decision to retire at the end of March.
Munich Re pulls out of Iran
Munich Re is stopping business with all insurance companies in Iran due to the political situation in the country.
Invesco ready to force Omega board overhaul
Omega Insurance could be forced to make a number of changes to its board of directors at the behest of its largest shareholder Invesco.
LEIG “concerned” at MOJ paper response time
The Legal Expenses Insurance Group has said that it is “concerned” that the recent Ministry of Justice defamation consultation paper only gave four weeks for responses.
HSBC sales director joins Towergate
Caravan and park homes broker Towergate Bakers has appointed Simon Townsend as its managing director.
Allianz claims industry first in partnership with Air France
The online safe deposit service for travellers combines secure storage of documents with assistance services.
Allianz claims industry first in partnership with Air France
The online safe deposit service for travellers combines secure storage of documents with assistance services.
LeStrange to retire from Endurance CEO position
Founder of the (re)insurer Kenneth LeStrange will retire as the CEO from March but remain as chairman until March 2011.
Mondial Assistance renews Last Minute deal
Mondial Assistance in the UK has signed a new three-year pan-European contract online travel and leisure retailer Lastminute.com.
Financial Regulator enters into settlement agreement with Jim Mannion & Co
The Financial Regulator has entered into a Settlement Agreement with effect from 17 February 2010 with Jim Mannion & Co (Insurances) Ltd Strokestown, Co. Roscommon, a regulated financial service provider, in relation to breaches of regulatory…
Aviva Health appoints business development boss
Aviva UK Heath has named Teresa Rogers as its international business development manager
Groupama profits fall more than 50%
Groupama Insurances has announced a pre-tax £14m profit for 2009 – a fall of more than 50% on the £30.1m reported in 2008.
Scottish insurance sector goes under the spotlight
Scottish Enterprise is to conduct a research study on the insurance sector in Scotland to help identify new ways the public sector agencies can support the sector to prosper in the future.
Troubled Belgium financial services giant linked with train crash payout
Belgium banking and insurance group Ethias is understood to be the lead liability insurer of the state owned railway company NMBS SNCB involved in Monday's tragic train accident.
Troubled Belgium financial services giant linked with train crash payout
Belgium banking and insurance group Ethias is understood to be the lead liability insurer of the state owned railway company NMBS SNCB involved in Monday's tragic train accident.
Ace raids RBSI for travel boss
Ace European Group has appointed Chris Price to its newly created role of regional director of travel for Europe, Middle East and Africa from RBS Insurance.
Ace raids RBSI for travel boss
Ace European Group has appointed Chris Price to its newly created role of regional director of travel for Europe, Middle East and Africa from RBS Insurance.
Rims “dismayed” at contingent commissions decision
The Risk and Management Society has expressed its dismay at the New York Insurance Department and Attorney General’s decision to allow brokers Aon, Willis and Marsh to accept contingent commissions.
Bluefin insurance business revenues drop 9% to £116m
However, parent Axa pleased with 90% retentiuon rate.
Axa UK GI earnings dip 63% after £157m fire and weather losses.
Globally, Axa Group reported underlying earnings down 6% to €3854m versus 2008, adjusted earnings down 8% to €3468m and net income up 283% to €3606m (on a comparable basis).