News
Quinn job cuts look set to be minimised by large voluntary take up
The administrator of Quinn Insurance has received 700 applications for voluntary redundancy according to weekend reports.
Quinn administrator denies conflict of interest over debtor
Quinn Insurance administrator Michael McAteer denied there was a conflict of interest in his involvement with another firm that owed Quinn millions.
Finnish insurer latest to be linked with Quinn bid
Anglo Irish Bank is in talks with Finnish insurance group Sampo, about a takeover of troubled Quinn Insurance.
Biba on flim: Insurance leaders views on the new UK government
Insurance Age reporter Liz McMahon tracked down key industry figures at this week's Biba conference to get their reactions - and hopes - for the new coalition Government
Former EU ambassador chosen to lead new Irish financial services push
Ireland’s international financial services industry, in a private sector initiative, has announced its intention to create the role of chairman of IFSC Ireland.
Hampden returns to profit in 2009
Hampden Underwriting, which provides investors with a limited liability direct investment into the Lloyd's insurance market, today said premium written during the year totalled £8.6m.
Former EU ambassador chosen to lead new Irish financial services push
Ireland’s international financial services industry, in a private sector initiative, has announced its intention to create the role of chairman of IFSC Ireland.
Snowball insists job cuts are not on the agenda for now with GI plan
Suncorp has outlined plans for a 3% improvement in its underlying general insurance margin over the next two years.
Insurer issues warning over GI premium growth
Danish insurer Topdanmark has recorded a post-tax profit increase of DKK 268m in Q1 2010 from DKK 35m in Q1 2009.
Danish insurer slips into the red in Q1
Danish insurer Trygvesta has reported a loss of DKK -354m (2009 Q1: DKK 437m) in the first quarter of 2010.
Insurer issues warning over GI premium growth
Danish insurer Topdanmark has recorded a post-tax profit increase of DKK 268m in Q1 2010 from DKK 35m in Q1 2009.
Omega appoints new non-execs
Omega has confirmed the election of Roger Field, Robin Oakes and Richard Pexton as non-executive directors, subject to the relevant regulatory approvals.
Danish insurer slips into the red in Q1
Danish insurer Trygvesta has reported a loss of DKK -354m (2009 Q1: DKK 437m) in the first quarter of 2010.
US financial reform bill passes
The US Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s.
Brit Insurance names new Netherlands chief
Brit Insurance has appointed Ferdinand Voskens general manager for its Netherlands head office.
Lloyd's insurer welcomes China licence move
Lloyd’s being granted a direct insurance licence in China will give “a significant boost” to Sportscover’s business from China, according to its managing director, Peter Nash.
BIBA 2010: Conference heads to Manchester next year
British Insurances Brokers' Association chairman Patrick Smith has announced in his closing address at Biba’s 2010 conference and exhibition that next year’s event will be held at Manchester Central on Wednesday 11 and Thursday 12 May 2011.
Brit Insurance names new Netherlands chief
Brit Insurance has appointed Ferdinand Voskens general manager for its Netherlands head office.
US insurance giant admits Quinn interest
US insurance giant Liberty Mutual has contacted the administrators of Quinn Insurance to express an interest in taking over the company.
Lloyd's insurer welcomes China licence move
Lloyd’s being granted a direct insurance licence in China will give “a significant boost” to Sportscover’s business from China, according to its managing director, Peter Nash.
US insurance giant admits Quinn interest
US insurance giant Liberty Mutual has contacted the administrators of Quinn Insurance to express an interest in taking over the company.
Munich Re issues $80m cat bond
Munich Re has obtained cover for US hurricane and European windstorm risks amounting to $80m from Irish SPV EOS Wind, which placed a catastrophe bond in the market.
Allianz GI launches new dedicated European platform
Allianz Global Investors has created a dedicated European investment platform under the name of Allianz Global Investors Investments Europe.
Allianz acquires French windfarm
Allianz has acquired the Langres Sud wind farm from project developer, constructor and operator EOLE-RES SA.