News
Software firm issues Solvency II warning
Data management software company Cluster Seven has urged insurers to ensure they are accounting for spreadsheet risk in their implementation plans for Solvency II.
Greenwoods joins Telecoms fraud body
Defendant insurance law firm Greenwoods Solicitors has joined the Telecommunications UK Fraud Forum, a body for the exchange of information and the promotion of a united effort against telecommunications fraud.
Crawford establishes new GTS team to serve Latin American clients
Crawford & Company has established a team of Global Technical Services managers and offices in Latin America to more effectively serve large and complex claims from the growing insurance market in the region.
Donaldson to join RSA group board in new role
Paul Donaldson is set to join RSA’s group executive board after being promoted to a new role at group level.
Donaldson to join RSA group board in new role
Paul Donaldson is set to join RSA’s group executive board after being promoted to a new role at group level.
Sagicor hit with $36.2m catastrophe loss in Q1
Sagicor “still expects” to record a profit during 2011 despite producing a loss in the first quarter following exceptional natuaral catastrophes affecting its property & casualty book.
Aon selects new London HQ
Aon has selected The Leadenhall Building as its future London headquarters.
Allianz supply boss to head group project
Dane Loosley, Allianz’s divisional claims manager supply and expert management, has been recruited to lead a supply and procurement project for Allianz SE.
Allianz supply boss to head group project
Dane Loosley, Allianz’s divisional claims manager supply and expert management, has been recruited to lead a supply and procurement project for Allianz SE.
Insurers could cover part of €600m Quinn levy burden
The Central Bank is considering applying the Quinn Insurance levy to the international sales of Irish-regulated insurers, potentially reducing the demand on Irish policyholders to as little as €200m, according to the Irish Independent.
Generali Q1 net profits up 16.8% to €616m
Italian insurer Generali has closed the first quarter of the year with strong growth in net profit to €616m (Q1 2010: €527m), driven operating profits in all three businesses: life, non-life and asset management.
Generali Q1 net profits up 16.8% to €616m
Italian insurer Generali has closed the first quarter of the year with strong growth in net profit to €616m (Q1 2010: €527m), driven operating profits in all three businesses: life, non-life and asset management.
Ship owners facing increasing risks over charterers’ default
Ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy.
Exclusive IFRS and digital content now available on Post Europe
Post Europe’s weekly update is now live with an article on how The International Accounting Standards Board’s draft standard for the valuation of insurance liabilities will affect the market; and a View from The Top on how the Netherlands’ trading…
Chubb Europe names risk management manager
Chubb Europe has appointed Jan Auerbach as European risk management manager.
Ship owners facing increasing risks over charterers’ default
Ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy.
Chubb Europe names risk management manager
Chubb Europe has appointed Jan Auerbach as European risk management manager.
Spain hit by two earthquakes in two hours
Two moderate earthquakes struck southeast Spain in less than two hours yesterday, shaking the popular tourist region of Murcia and killing eight.
Gallagher's crashes UK top 10 broker table with £97m Heath swoop
Arthur J Gallagher has confirmed it has completed the acquisition of Heath Lambert in a £97m cash deal.
Catlin Q1 GWP bolstered by Swiss start-up as UK/London dips 10%
Catlin this morning reported that it had seen an 11 per cent increase in gross premiums written ($1.4bn or £860m) and that over half (52 per cent) had been written by non-London/UK underwriting hubs.
Lloyd's reveals £2.34bn claims hit from quakes, tsunami and flooding
Lloyd’s has today announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia.
Spain hit by two earthquakes in two hours
Two moderate earthquakes struck southeast Spain in less than two hours yesterday, shaking the popular tourist region of Murcia and killing eight.
Catlin Q1 GWP bolstered by Swiss start-up as UK/London dips 10%
Catlin this morning reported that it had seen an 11 per cent increase in gross premiums written ($1.4bn or £860m) and that over half (52 per cent) had been written by non-London/UK underwriting hubs.
Giles reports 2010 loss of £37m
Giles made a loss of £37.11m in the year to 31 August 2010, according to accounts filed with Companies House this week.