News
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.
Axa reports UK GI revenue of €916m
Axa's UK and Ireland-based property & casualty business reported €916m revenue in the first quarter of the year.
Chartis appoints chief actuary from Axa
Chartis has confirmed the appointment of former Axa chief actuary Fabrice Brossart to a newly created chief actuary role at the insurer.
Part 3 - Countdown to Biba 2011: broking opportunities in adversity
With the British Insurance Brokers' Association conference now days away, Post and Insurance Age editor-in-chief Jonathan Swift sat down with the Biba CEO Eric Galbraith to discuss some of the major issues which are likely to come to the fore in…
Axa reports UK GI revenue of €916m
Axa's UK and Ireland-based property & casualty business reported €916m revenue in the first quarter of the year.
Former Capita boss joins Junction
Insurance affinity specialist Junction has appointed Derek Henry as the new director of corporate partnerships.
Lloyds Banking Group reports huge £3.2bn Q1 losses after PPI provision
Part-nationalised Lloyds Banking Group has recorded a statutory loss after tax of £3.47bn for Q1 2011 (Q1 2010: £721m), after the bank made provisions of £3.2bn for payment protection insurance payout costs.
Aon Benfield chairman joins JLT
JLT Reinsurance Brokers has appointed Alastair Speare-Cole as chief executive, subject to regulatory approval.
Swiss Re reports net loss of $665m
Swiss Re has reported a net loss of US$665m for the first quarter of 2011, compared to a profit of US$158m recorded in the same period of 2010.
Zurich profits fall 33% in Q1 as it suffers $517m nat cat loss
Zurich Financial Services Group (Zurich) today reported a 33% drop in business operating profit of $849m (Q1 2010: $1.3bn) and a 32% drop in net income after tax of USD $637m (q1 2010: $935m) for the three months ended March 31, 2011.
Willis sees profits slide by $170m due to review charge and other one off costs
Willis reported net income for the first quarter of 2011 fell to $34m (£20.6m), compared with $204m in the same period a year ago.
Swiss Re reports net loss of $665m
Swiss Re has reported a net loss of US$665m for the first quarter of 2011, compared to a profit of US$158m recorded in the same period of 2010.
Zurich profits fall 33% in Q1 as it suffers $517m nat cat loss
Zurich Financial Services Group (Zurich) today reported a 33% drop in business operating profit of $849m (Q1 2010: $1.3bn) and a 32% drop in net income after tax of USD $637m (q1 2010: $935m) for the three months ended March 31, 2011.
Editor's comment: tying the knot
The rest of the world may remain obsessed by romance or reactionaries but the UK insurance industry has unveiled its own all-consuming love affair this week. Acquisitions abound in the headlines and bullish talk is nothing short of bountiful.
R&Q: underwriting team hires will drive growth
Insurance investment company Randall & Quilter has outlined plans to boost its fledgling underwriting management division with new team hires during 2011.
Website Review: Bell Insurance
In the latest of its ongoing series, web performance specialist Gomez looks at Bell Insurance's website.
Bin Laden death will not affect terrorism rates
The death of Osama bin Laden is "unlikely to have a material effect" on terrorism insurance rates in the short term, market figures have said.