News
Helphire share price crashes to new low after overstating cash due by £25m
Helphire's share price today crashed to 4.9 pence at the close of trading from 12.75 pence at the start of the day after a profits warning.
Chartis COR hits 119% in Q1 as insurer is hit by $1.7bn cat costs
Chartis, the non-life division of AIG, has reported a first quarter operating loss before net realized capital gains of $463 m, reflecting $1.7bn of Catastrophe losses comprised of $1.3bn for the Japan earthquake and tsunami.
Aviva unveils corporate risk team
Aviva has revealed the senior structure of its corporate risk and speciality business.
Brokers retain appeal in personal lines market
Brokers are retaining their customer appeal in personal lines despite the growth of insurance aggregators - though they must remain in tune with customer needs to stay ahead, according to new Aviva research.
CII exited tough year in "good shape"
The Chartered Insurance Institute slightly increased its overall revenue in 2010 to £33.97m from £32.32m the previous year.
NFU claims boss resigns
NFU Mutual chief claims manager John Kenny has quit the company that he joined 23 years ago.
Post Europe May: Exclusive legal expense and ADR content now live
Post Europe May is now live with a look what impact the European Commissions proposals for consistence on alternative dispute resolution will have; how the Balkan region deals with weather related catastrophes; and how Italy’s legal expense market is…
Insurance Insight May: Exclusive legal expense and ADR content now live
Insurance Insight May is now live with a look what impact the European Commissions proposals for consistence on alternative dispute resolution will have; how the Balkan region deals with weather related catastrophes; and how Italy’s legal expense market…
Moody's comments on Solvency II QIS5 capital adequacy results
Moody's Investors Service said that the results of the fifth Quantitative Impact Study suggest that most European insurers will be able to transition to the new Solvency II regime without the need to raise capital, as capital levels exceed the solvency…
Crawford revenue up 21% to $285m in Q1
Loss adjuster Crawford has recorded revenue of $285m in Q1 2011, an increase of 21% (Q1 2010: $236.3m)
Lancashire Q1 profits steady at $8.6m despite “significant” cat activity
Lancashire Holdings has recorded a net profit after tax of $8.6m in Q1 2011 (Q1 2010: $8.2m), after incurring $75m costs from the Japanese earthquake-tsunami.
Moody's comments on Solvency II QIS5 capital adequacy results
Moody's Investors Service said that the results of the fifth Quantitative Impact Study suggest that most European insurers will be able to transition to the new Solvency II regime without the need to raise capital, as capital levels exceed the solvency…
Sony's insurers to help foot bill for data breach
Sony is looking to its insurers to help pay for its massive data breach an amount that could exceed $2bn, Reuters has reported.
78% of brokers confident about business prospects
A poll by Mapfre Assistance has revealed that price comparison sites are still viewed as the greatest challenge to broker business models.
Cunningham Lindsey launches training scheme to boost complex loss team
Cunningham Lindsey has launched an initiative to increase its number of complex loss adjusters, by training existing liability staff to handle more specialist claims.
Nat-cats add 42 points to Markel International combined ratio
Markel International has reported that natural catastrophes in the first quarter of 2011 contributed to a deterioration in its combined ratio to 152%, compared to 109% for the same period of 2010.
CILA entry-level qualification goes live
The Chartered Institute of Loss Adjusters entry-level qualification examinations have gone live.
RBSI returns to operating profit as income falls 7%
Royal Bank of Scotland Insurance has reported an operating profit of £67m in the first quarter of the year compared to a loss of £50m in the same period in 2010.
Nat-cats add 42 points to Markel International combined ratio
Markel International has reported that natural catastrophes in the first quarter of 2011 contributed to a deterioration in its combined ratio to 152%, compared to 109% for the same period of 2010.
Admiral "on track" to meet analysts' 2011 estimates after solid Q1
Admiral this morning reported that group turnover in the first quarter of 2011 increased by 56% to £539m; and group vehicle count increased 33% to 2.9 million.
Barral succeeds Riley as Aviva UK commercial director
Cathryn Riley has been appointed chief information officer of Aviva and has also joined the insurer's group executive committee.
Barral succeeds Riley as Aviva UK commercial director
Cathryn Riley has been appointed chief information officer of Aviva and has also joined the insurer's group executive committee.
Government launches review of FSA inquiry into RBS failings
The Financial Services Authority has welcomed a statement by the Treasury Select Committee confirming that an independent review will take place of the regulator’s report into the the failure of Royal Bank of Scotland.
Barclays appoints Kieran Murphy to head up general insurance
Barclays has appointed Kieran Murphy to the role of managing director of Barclays Insurance for the bank’s UK retail business.