News
Generali reports 5.5% fall in premiums
Italy-based insurer Generali reported a 5.5% reduction in premiums for the full year 2011, despite the solid performance of the non-life segment.
Chartis cuts underwriting losses
AIG’s insurance operation Chartis has chipped away it its underwriting losses cutting its combined ratio to 109% from 116.8% and turned in operating and pre-tax profits compared with losses in 2010.
Market outlook poll results
Is 2012 looking better than 2012?
Swiss Re reports $2.6bn profit despite nat cats hitting P&C combined ratio
Global reinsurer Swiss Re exceeded analyst expectations to report net income of $2.6bn for the full year 2011.
Kiln claims results show resilience
Tokio Marine's Kiln syndicates at Lloyd's has released the final results for its four non-aligned syndicates for the 2009 year of account, updated forecasts for the 2010 year of account and initial forecasts for the 2011 year of account.
Life insurers need derivatives to hedge risks, says IRDA chairman
The chairman of India's insurance regulator has indicated that it may relax the ban on life insurance companies investing in derivatives, in a speech at the 14th Global Conference of Actuaries in Mumbai.
AIA Group sees 13% increase in profit
AIA Group has reported a 13% rise in operating profit after tax for the year ended 30 November 2011 to $1922m.
More Than says 'deal' to first ever TV show sponsorship
More Than has today announced the first TV sponsorship deal in its 10-year history with the news that it will back hit Channel 4 game show Deal or No Deal.
CCV hires new operations director
CCV has appointed of David Bruce as operations director starting in April.
Questgates predicts influx of subsidence claims
Questgates has warned the insurance industry could be inundated with subsidence claims this year.
AM Best confirms RSA's A rating
AM Best has affirmed the A (Excellent) financial strength rating and 'a' issuer credit ratings of the main UK operating subsidiaries of RSA Insurance Group.
Lloyds bank puts £3.2bn price tag on PPI
Lloyds Banking Group has reported insurance premium income of £8170m (2010: £8148m) with claims of £6041m (2010: £19 088m) but said payment protection insurance provision had cost it £3.2bn.
Invicta buys home insurance book from IFA
Invicta Insurance Services is to buy the general insurance portfolio of Surrey-based financial adviser Financial Profiles.
RTA Portal and LSSA make "significant progress" in consultation
The RTA Portal and trade body the Legal Software Suppliers Association have made "significant progress" during its most recent consultation.
Motor injury claims cost consumers £1666 a minute
The legal fees involved in settling motor personal injury claims cost consumers £1666 every minute, the Association of British Insurers has found.
No extra money to be spent on RBSI rebrand
The insurer is making sure it is in "good shape" as it waits on the group to work out the exact nature of its divestment.
Catlin sponsors Great Barrier Reef scientific expedition
Catlin is sponsoring a scientific expedition that will document the composition and health of sections of the Great Barrier Reef across a range of depths.
IAG reports loss of $7m for H1 2012, as CEO hails improvement
Insurance Australia Group has reported that its UK arm made an underwriting loss of Au$7m for the six months to 31 December 2011.
Allianz revenues down 2.7% to €103.6bn
German general insurer Allianz reported a 2.7% reduction in revenues for the full year 2011, down to €103.6bn from €106.5bn in 2010.
Markerstudy backs ex-KGM underwriter's MGA
Former KGM underwriter Colin Hart has secured £25m underwriting capacity from Markerstudy for his UK motor managing general agent Xpekt.
RSA's Brown promises regional appetite while outlining commercial motor future
A 10% reduction in premiums within the regions "in no way shape or form" translates to a reduction in appetite at RSA, according to the firm's UK chief executive.
Cigna relocates Europe HQ to London
Insurer Cigna is relocating the European headquarters of its international health, life and accident business from Madrid to London in a bid to be closer to its largest revenue stream.
Assurant appoints European head of mobile business from Sony Ericsson
The European business unit of Assurant Solutions has appointed Nino Treusch as head of mobile business development for Europe.
Lancashire secures $75m additional capital for Japan renewals
Lancashire Holdings has said it will be able to deploy $75m additional capital for the 1 April Japanese market renewals after securing the extra capital from its Accordian sidecar investors.