News
RenRe reports Q1 net income of $165m
Bermuda (re)insurer RenaissanceRe has reported net income of $165m, or $2.73 per diluted common share, in the first quarter of 2010. This compares to $97.3m for the first quarter of 2009.
Gable in new French broking tie-up
AIM-listed Gable has signed a new agreement with its French broker, France Assurance Consultants, to provide a programme of property related risk insurance.
US stock market plunges
The US stock market plunged on Tuesday after downgrades to debt ratings in Greece and Portugal sent stocks falling over 2% at the end of trading.
Montepelier makes minor Q1 gains despite cat losses
Montpelier Re, the Bermudian (re)insurer, managed to eke out a gain in the first quarter of the year, despite having a monster jump in combined ratio.
Grant Thornton: some Quinn UK lines will see no rate hikes
The adminstrator of Quinn Insurance has hit back at suggestions it plans wholesale increases across all of its UK business, if and when it is allowed to trade again.
QBE CEO content with alllowances for large claims after $470 Q1 hit
QBE has revealed that its estimated large risk and catastrophe claims, which are defined as net claims of $2.5m and above, for the year to date are $470m. This compares with an estimated net $430m for the same period in 2009.
Admiral CEO bullish despite Confused turnover decreasing 5% in Q1
Henry Engelhardt, Admiral chief executive, this morning said his business had "continued to grow and prosper in the last three months".
Scor Q1 net income falls 61%
High natural catastrophe losses are behind Scor’s reported €36m losses in the first quarter of 2010, according to the company.
Quinn investigation now focuses on loans
The Financial Regulator is concentrating on two areas relating to guarantees given by Quinn Inusrance's subsidiaries to the wider Quinn group as its investigation nears a close.
Gable in new French broking tie-up
AIM-listed Gable has signed a new agreement with its French broker, France Assurance Consultants, to provide a programme of property related risk insurance.
Grant Thornton: some Quinn UK lines will see no rate hikes
The adminstrator of Quinn Insurance has hit back at suggestions it plans wholesale increases across all of its UK business, if and when it is allowed to trade again.
QBE CEO content with alllowances for large claims after $470 Q1 hit
QBE has revealed that its estimated large risk and catastrophe claims, which are defined as net claims of $2.5m and above, for the year to date are $470m. This compares with an estimated net $430m for the same period in 2009.
Admiral CEO bullish despite Confused turnover decreasing 5% in Q1
Henry Engelhardt, Admiral chief executive, this morning said his business had "continued to grow and prosper in the last three months".
Moody’s expects European M&A rebound
Ratings agency Moody’s has predicted an upswing in mergers and acquisitions in the European insurance market in the coming months.
Moody’s expects European M&A rebound
Ratings agency Moody’s has predicted an upswing in mergers and acquisitions in the European insurance market in the coming months.
Congregational launches subsidiary MGA
Congregational & General Insurance is set to launch a subsidiary MGA named Integra Insurance Solutions, generating £9m of extra homeowners income, according to the firm.
First Assist seals legal services partnership with Home Let
First Assist has agreed its first major standalone legal services partnership with Barbon Group-owned company Home Let.
Marsh opens redundancy talks
Marsh has begun its consultation with staff that face the prospect of redundancy following its acquisition of HSBC Insurance Brokers.
Chedid Re establishes Saudi subsidiary
Reinsurance broker establishes Saudi Arabia subsidiary which has been licensed by the Saudi Arabian Monetary Agency (SAMA) to provide reinsurance brokerage services across the Kingdom.
Corporate governance standards proposed for banks and insurers
The Central Bank and Financial Regulator have announced the start of a public consultation on new corporate governance standards for Irish banks and insurance companies.
New recruit at Markel to help grow accident and health business
Property and casualty insurer Markel International, has recruited Mike Bridgeman to head the development of accident and health business within its specialty division.
CII sees revenue up as international members jump 10% in 2009
Chartered Insurance Institute has reported a 7% increase in overall revenues to £32.3m in 2009 (2008: £30.3m).
W R Berkley swings to Q1 profit
W R Berkley has reported net income for the first quarter of 2010 of $119 compared with a loss of $20m for the first quarter of 2009.
US financial reforms stumble in Senate
The most sweeping overhaul of US financial services rules since the Great Depression stumbled in the Senate on Monday as Republicans united to prevent action on the bill.