News
Thai floods: Insured losses creep up
Global reinsurance broker Aon Benfield has estimated the insured losses from the floods in Thailand could be at least US$4.6bn.
Parliamentary debate on no win no fee an “utter disgrace”
The Association of Personal Injury Lawyers has criticised the lack of parliamentary time allowed to discuss no-win, no-fee proposals in the Legal Aid, Sentencing and Punishment of Offenders Bill, during report stage.
Miller poaches professional indemnity expert from Aviva
Miller has today confirmed the appointment of former Aviva professional indemnity expert Mark Carver.
Reaction to proposed ELD extension
The CEA claims the proposed extension to the Environmental Liability Directive will be damaging for European insurers. Francesca Nyman asks the market for its initial reaction to the proposal.
Aviva remains cautious over motor profits
Insurer Aviva has warned that claims inflation is still holding back personal lines motor profits despite rate increases.
Ecclesiastical drops schemes duo
Ecclesiastical is ditching its schemes and affinities director Tony Bloomer, and its national scheme manager, Hazel White, and integrating its schemes business into its regional network.
ABI updates on scale and impact of whiplash “epidemic” in the UK
At a whiplash conference yesterday (2 November) James Dalton from the Association of British Insurers made a speech about the insurance industry’s perspective on whiplash.
Justice Bill clears the Commons
The Legal Aid, Sentencing and Punishment of Offenders Bill has been voted through by 306 votes to 228.
Financial market volatility hits Swiss Re’s core combined ratio
Swiss Re saw the combined ratio for its property and casualty segment increase to 80.8% for the third quarter of 2011 due largely to financial market volatility.
CNA Europe forms new pan-European Underwriting Committee
CNA Europe has appointed Rhonda Buege to the newly-created role of underwriting officer for HealthPro, its specialist offering to the healthcare industry.
JLT aims to be top Italian broker with Marine & Aviation acquisition
Jardine Lloyd Thompson Group has signed heads of agreement to combine its existing Italian broking business Jardine Lloyd Thompson SpA. with the business of Marine & Aviation SpA.
US expected to achieve Solvency II equivalence
The US solvency regime for insurers is expected to achieve equivalence with the European Union's Solvency II requirements according to Fitch Ratings.
Markel recruits from Willis to strengthen Italian PI and D&O book
Markel has appointed Davide Balocco as senior underwriter in professional liability division to focus on its Italian book.
Mondial Assistance shuffles top roles
Mondial Assistance’s UK CEO Mike Webb is to relinquish the role and become non-executive chairman, with UK Managing director Serge Corel, taking the CEO role.
Alterra reports earnings down for Q3 2011
Alterra Capital Holdings has reported net income of $48.4m, or $0.46 per diluted share, for the third quarter of 2011, compared to net income of $82.8m for the same quarter of 2010.
Ireland 123 aquisition drives RSA's profits up for Q3
The acquisition of 123 in Ireland last year and growth across central and emerging Europe has helped RSA to report further growth in quarter three of 2011.
Snowball speaks out on challenging global insurance market
Suncorp CEO Patrick Snowball recently outlined his thoughts on the challenging global insurance market at the British Insurance Summit.
Thai floods: Insured losses creep up
Global reinsurance broker Aon Benfield has estimated the insured losses from the floods in Thailand could be at least US$4.6bn.
Markel appoints Balocco to professional liability team
Specialist insurer Markel has named Davide Balocco as a senior underwriter in its in its professional liability division.
Swiss Re reports 118% net income rise
Swiss Re reported a 118% increase in net income in its third quarter to $1.3bn (2010 $0.6bn).
McGovern named on US Treasury insurance committee
Lloyd’s North America director and general counsel Sean McGovern has been appointed to the US Treasury’s committee on insurance.
RSA’s pet and household replace motor
RSA has reported UK personal lines Q3 net written premiums were up 13% to £1 036m, with commercial lines up just 2% to £1 282m. Overall the UK was up 7% to £2 318m.
Post Blog: Between a Rok and a hard place
What happens when a building repair and maintenance partner, crucial to policyholders, goes out of business? Sharon Scully, general manager, property and legal at Axa Assistance, explains.
Aviva claims UK rise makes it market leader
Aviva claimed UK general insurance sales increased 12% over the first nine months of the year making it “the general insurance market leader in the UK”.