News
Admiral: no sacred cows
Admiral has admitted there are "no sacred cows" among its burgeoning international operation, but that it remains committed to the loss making insurance businesses for now.
RBSI catches a claims "cold"
Royal Bank of Scotland Insurance has reported its first ever quarterly loss during the last three months of 2009, blaming the "industry phenomenon" of the UK claims environment for a £170m hit.
Howden seeks Oval or HSBC-sized broker takeover move
Howden is on the lookout for a "sizeable" acquisition, comparable to HSBC Insurance Brokers and Oval, to enable it to compete as a retail broker in the UK market.
Lloyd's players on IPL terrorism cover
A policy covering the risk of terrorism during the Indian Premier League thought to be worth $1.5m (£1m) in premium will be placed on the Lloyd's market, Post has learnt.
RSA seeks credit hire efficiency
RSA is exploring the use of bilateral agreements as way to drive efficiency into credit hire arrangements.
Former AIG boss unveils start-up
A personal lines underwriting agency, Halo Insurance, has been launched by AIG's former personal lines boss. It aims to provide niche products for the wholesale and retail markets.
£3m pledged by ABI to help research asbestos
Insurers have pledged £3m to support research by the Ministry of Justice into asbestos- related diseases.
Cunningham Lindsey in staff pensions consultation
Loss adjuster firm Cunningham Lindsey is in consultation with staff over plans to close its final salary pension scheme to more than 300 members, Post has learnt.
Ex-Towergate boss to target US market
British Insurance founder Simon Burgess has left the Towergate-owned company to set up an income protection insurance firm in the US.
Industry challenged to meet 2013 deadline
By December 2013, every single UK broker and insurer will exceed a minimum threshold in terms of the number of their staff qualified to advanced diploma level. That is the vision of the Insurance Profession Task Force that has today unveiled the…
South America hit by worst earthquake in decades
South America's worst earthquake in 50 years has killed more than 700 people and caused total losses of up to $30bn (£20bn).
Axa Corporate Solutions reports €1.93bn annual turnover
Axa Corporate Solutions posted a 2.3% growth in 2009 turnover on a comparable basis, reaching €1.93bn (£1.75bn), while underlying earnings were up by 17% at €133m.
Axa Corporate Solutions reports €1.93bn annual turnover
Axa Corporate Solutions posted a 2.3% growth in 2009 turnover on a comparable basis, reaching €1.93bn (£1.75bn), while underlying earnings were up by 17% at €133m.
ABI pleased with CEIOPS “positive contribution” on Solvency II
The Association of British Insurers has welcomed the publication of Committee of European Insurance and Occupational Pensions Supervisors report on the implication of Solvency II.
ABI pleased with CEIOPS “positive contribution” on Solvency II
The Association of British Insurers has welcomed the publication of Committee of European Insurance and Occupational Pensions Supervisors report on the implication of Solvency II.
Kiln releases syndicate results
Lloyd’s managing agency RJ Kiln has released the final results for its managed syndicates for the 2007 year of account, updated forecasts for the 2008 year of account and initial forecasts for the 2009 year of account.
Kiln releases syndicate results
Lloyd’s managing agency RJ Kiln has released the final results for its managed syndicates for the 2007 year of account, updated forecasts for the 2008 year of account and initial forecasts for the 2009 year of account.
Former NIG manager joins Arista
Commercial lines underwriter Arista Insurance has appointed Neil Wormald as broker development manager for the North East.
Chile quake may be most expensive for insurers since 1994 – Munich Re
If quake damage costs insurers $8bn, as predicted by Eqecat, it will be the 2nd most expensive in history.