News
Abbey looking forward to 2010 "with confidence" after £8.7m profit
Abbey Protection saw a 6% growth in pre-tax profits to £8.7m in 2009, on revenue (before investment income) up 15% to £32.5m.
CTC sees loss adjusting reveune and profits increase
Insurance services provider Charles Taylor Consulting saw its profit before tax increase to £15.7m (2008: £9.9m) on reveune of £96.6m (2008: £80.8m) in 2009.
Lloyd's hails record profit of £3.9bn for 2009
Lloyd's this morning announced a £3.9bn profit for 2009 (2008: £1.9bn), which it hailed as a "record results during challenging economic conditions".
Lloyd's hails record profit of £3.9bn for 2009
Lloyd's this morning announced a £3.9bn profit for 2009 (2008: £1.9bn), which it hailed as a "record results during challenging economic conditions".
Oval swoops for South-west broker
Oval has acquired Gloucester based insurance broker J L Fisher
Equality Bill passed by House of Lords
Harriet Harman, Minister for women and equality, today welcomed the completion of the Equality Bill’s third reading in the House of Lords.
Six arrested in “largest ever” insider dealing investigation
Six men, including two senior city professionals, have been arrested in the Financial Services Authority’s “largest ever” operation against insider dealing.
Aon claims market leading position with deal
Aon has acquired the local German broker Versicherungsmakler which specializes in placing insurance for environmental projects.
Aon claims market leading position with deal
Aon has acquired the local German broker Versicherungsmakler which specializes in placing insurance for environmental projects.
Catlin founder: Bermuda tax rises a nasty surprise
The increasing cost of employing people in Bermuda will add to the pressure on the Island's global reinsurers to locate more jobs in cheaper jurisdictions according to Stephen Catlin
Insurers await UK Budget Report
Insurers are waiting to see the impact of tomorrow’s Budget on insurance premium tax.
Start-up broker NMJ partners with Open GI
The new branch-based broking network established by former Equity Insurance Group Directors has signed up to the Open GI platform for a minimum of four years.
One Answer Network teams up with Selfnet
One Answer Network has teamed up with Selfnet to offer its members a Selfsure product designed to simplify the insurance buying process for both brokers and customers.
Auto Windscreens appoints chief financial officer
Auto Windscreens has appointed Kieron Singleton to the new role of chief financial officer.
Energy losses from Chile quake will not exceed $350m - Marsh
Marsh has estimated that energy insurance losses from the Chilean earthquake will not exceed $350m, following a review of expected claims by its energy claims specialists.
Markel adds to hull and war team
Markel International has appointed Daniel McCarthy as an underwriter within its Hull and War team.
Dai-ichi Life raises $11bn in IPO
Dai-ichi Mutual Life Insurance will raise 1.01trn yen ($11bn) in the Japan’s biggest initial public offering in more than a decade after pricing its stock 9.7% below the top of a planned range.
Flagstone proposes domicile move
Flagstone Re has said that it wants to move domicile from Bermuda to Luxembourg.If approved by shareholders, Flagstone said that it expects the redomestication to take place over several months.
Flagstone proposes domicile move
Flagstone Re has said that it wants to move domicile from Bermuda to Luxembourg.If approved by shareholders, Flagstone said that it expects the redomestication to take place over several months.
Odyssey Re gains admitted status in Brazil
Odyssey Re, the US (re)insurer, has said that it has been approved to conduct business as an admitted reinsurer in Brazil.
Arch losses from Chile quake $35-50m
Arch Capital has announced its losses from the effects of the Chilean earthquake to be in the range of $35m to $50m, net of reinsurance, retrocessions and reinstatement premiums.
Canopius delivers profit of £55m for 2009
Canopius Group, the privately-owned Lloyd’s insurance underwriting business, has reported profit before tax of £55m up from £43m in 2008 and profit before tax excluding foreign exchange on non-monetary items of £74m.
Obama signs US health reform
US health reform bill has now been passed into law but several states are preparing to challenge the bill's legality
Travelers appoints new Glasgow team
Travelers has appointed the team to lead the company’s new regional office in Scotland.