News
LBG sees slight rise in pre-tax profit
Lloyds Banking Group's general insurance business pre-tax profit in 2010 was £372m marking an increase of 1% on the 2009 result (£367m).
Solicitor ARP audit after cover under-reporting
Solicitors' professional indemnity insurers could escape an increase in their exposure to the assigned risks pool following an audit of their premiums.
Markerstudy buy boosts bold ambition in mobile repair
Markerstudy Group has set its sights on becoming a "major player" in the windscreen repair market following its acquisition of Auto Windscreens.
Prior reserve release staves off RSA underwriting loss
Prior year reserve releases of £267m have helped insurer RSA avoid posting an underwriting loss of £29m for 2010.
New rating factors needed after European gender ban
Insurers will have to look at additional rating factors now that gender is not an option, following the European Court of Justice ruling that a person's sex can no longer be used to calculate insurance premiums or annuity rates.
Superbrands insurer rankings revealed
Allianz has set its sights on rising up the rankings next year in an annual league table of the UK's most successful brands after climbing 111 places to 219.
Career development & CSR: MCE seeks out graduates
MCE Insurance is seeking graduates to expand and strengthen its workforce.
Career development & CSR: Six rugby clubs rewarded with coaching
QBE has rewarded six rugby clubs with the opportunity to train with three top premiership players through its sponsorship arrangement with premiership rugby.
Career development & CSR: Davies report pushes for increase in female directors
Lord Davies’ report Women on boards has recommended that FTSE-100 companies increase their proportion of female board directors to 25% by 2015.
Plexus law adds to Manchester branch
Defendant insurance law specialist Plexus Law has recruited a team of specialists to its Manchester office.
Swiss Re set to be hit by $800m New Zealand claims
Swiss Re has estimated its claims cost from the earthquake in New Zealand on 22 February 2011 to be approximately $800m, net of retrocession and before tax.
A&A Group laments "victory for boy racers" in ECJ ruling
Steven McPherson of A & A Group, which specialises in young high risk drivers, has said the European Court of Justice ruling against gender-determined pricing is a “victory for boy racers”
New rating factors needed after European gender ban – Insurance News Now – 2 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including what the ECJ’s ruling that a person’s gender can no longer be used to calculate insurance premiums or annuity rates will mean for insurers.
New rating factors needed after European gender ban – Insurance News Now – 2 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including what the ECJ’s ruling that a person’s gender can no longer be used to calculate insurance premiums or annuity rates will mean for insurers.
Allianz finance director retires
Allianz Insurance finance director George Stratford has retired from the organisation.
JLT restructures Japanese offering
Through an equity transfer arrangement, the JLT Group has established JLT Holdings Japan.
Willis makes Middle East appointment
Willis Group Holdings has appointed Atish Suri as a divisional director in Dubai, establishing an “on-the-ground presence” in the region.
Amlin blames quakes for falling 2010 profits
Lloyd’s insurer Amlin has recorded a profit before tax of £259.2m for 2010 (2009:£509.1m), after £203.6m of losses from both the Chile and New Zealand earthquakes.
Markerstudy seals Beal purchase
Markerstudy Group has acquired the business of Kent-based insurance firm Beal & Co.
Ecclesiastical appoints new head of customer service
Ecclesiastical has appointed Simon Bennett as the new head of customer service for its direct operations.
Admiral UK profit rises to £276m
Admiral has reported group profit before tax increased 23% at £266m (2009: £216m) while turnover (defined as total premiums written including co-insurers’ share and other revenue) rose 47% to £1.58bn (2009: £1.08bn).
Admiral UK profit rises to £276m
Admiral has reported group profit before tax increased 23% at £266m (2009: £216m) while turnover (defined as total premiums written including co-insurers’ share and other revenue) rose 47% to £1.58bn (2009: £1.08bn).
Disagreement likely over Middle East property cover
Law firm Clyde & Co has claimed that property damaged during the civil unrest in the Middle East and North Africa could fall under either all risks property cover or political violence insurance.
AI Claims doubles H2 pre-tax profit
Accident management company AI Claims Solutions has posted a pre-tax profit of £1.6m for the second half of 2010 up 97% on the same figure for H2 2009 (£855 000).