News
Allianz GI arm reports a drop in 28% drop in operating profit
The two biggest drivers were a decline of 0.6bn euros in operating investment income and an underwriting result which was down 0.7 bn euros.
Chartis forms captive practice group
Chartis UK has established a captive practice group to assist clients in dealing with current issues in the captive environment.
Union rejects pleural plaques compensation decision
Justice Secretary Jack Straw has confirmed that the government would only compensate (through an ex-gratia payment of £5000) people with pleural plaques in England and Wales who had lodged a legal case prior to a Law Lords decision in 2007 to bar…
Asbestos bill reaches Lords committee stage
Baroness Quin’s private members Asbestos Bill – calling for the reinstatement of damages for asbestos-related pleural plaques – will reach the committee stage at the House of Lords next month.
Complaints against insurers revealed
Lloyds TSB Bank received more complaints relating to general insurance than any other financial services company in the second half 2009.
Compare expands to meet demand
Compare the market has expanded with three new appointments, director of insurance partners, director of money and senior manager for life and general insurance.
Lockton warns companies over “new wave” of hackers
Insurance broker Lockton has urged corporate risk managers to take precautions with information systems to protect against a “new wave” of hacker attacks.
IAG UK profit cut on back of reserve strengthening
The UK business recorded a $24m insurance profit on A$406m of gross written premium for the six months ended 31 December 2009.
Towergate companies sign £10m deal
Open GI, has signed a £10m contract with Power Place to develop new electronic products on the Open Trader platform.
Capita turnover increases 10%
Capita has reported an increase in turnover of 10% to £2.69bn (2008: £2.44bn). Underlying profit rose by 11% to £357.7m (2008: £320.9m) and underlying profit before taxation increased by 17% to £325.1m (2008: £277.2m).
The Royal Hospital Haslar added to CBG portfolio
CBG Group has been appointed to provide a programme of insurance for The Royal Hospital Haslar.
RBSI profits slump by over £500m to £58m in 2009
CEO Paul Geddes described 2009 as "exceptionally challenging"
RSA bullish despite 10% fall in operating profit
CEO Andy Haste hails progress in emerging markets and international arms.
RSA bullish despite 10% fall in operating profit
CEO Andy Haste hails progress in emerging markets and international arms.
Total Objects director aims for North Pole
A director at insurance software solutions provider Total Objects is preparing to trek to the North Pole to raise money for the Coins Foundation charity
Groupama launches three-year talent plan
Groupama Insurances has launched a corporate initiative to drive talent within the company with the appointment of a new talent and resourcing manager.