News
Novae announces 31% rise in pre-tax profits
Novae group has announced its pre-tax profits rose by 31% to £41.m despite toughening market conditions in 2007.
Paris Re to proceed with capital return as profits fall
Global reinsurer Paris Re produced $232m of underwriting income in 2007, down 38.7% on a year earlier on a net earned premium base that declined 5.9% to $1.13bn.
Fitch puts AIG ratings on 'Rating Watch Negative'
Credit ratings agency Fitch has placed AIG’s Issuer Default Rating (IDR), holding company ratings and subsidiary debt ratings on ‘Rating Watch Negative’, after the insurer’s independent auditor PwC said that it believed it had a ‘material weakness’ in…
D&O Health Check Service launched by JLT
JLT has launched a D&O Health Check Service to help companies obtain optimal coverage under their Directors’ & Officers’ Liability insurance.
PB Week: Allianz boss: “Reserve release holiday coming to an end”
I assume Andrew Torrance is not an Everton or Tottenham fan (both teams crashed out of the UEFA cup following penalty shoot-outs last night) as he was in a very good mood this morning (Thursday 13 March), writes Charlie Thomas, reporter, Professional…
Hannover sees €30m Emma hit , retro up to 30% softer
Global reinsurer Hannover Re, has said it has made a preliminary estimate of approximately €30m of net losses from Windstorm Emma which wreaked havoc across Central Europe on March 1st.
Jobs will go as part of Benfield's cost savings plan - CEO
Some of Benfield’s £15m of cost savings will come in the form of job cuts, confirmed the reinsurance broker’s chief executive today.
Zurich provides political risk insurance for Sri Lankan hydropower plant
Zurich is providing political risk insurance for a green hydropower project in Sri Lanka.
RFIB Group appoints new recruit
Lloyd’s insurance and reinsurance broker RFIB Group has announced the appointment of a new group chief financial officer.
Windstorm Emma to cost Allianz €200m
Global insurer Allianz has estimated that Winter storm Emma , which swept through Central Europe in the first weekend of March, will cost it more than €200m euros in net claims before tax.
Allianz pre-tax profits fall to £197m
Property and liability rates are showing the first signs of hardening, according to Allianz chief executive Andrew Torrance.
Benfield shares hammered as results disappoint
Reinsurance broker Benfield reported falling 2007 revenues and profits as the firm was hit by the sliding dollar, competitive reinsurance pricing and experienced a continued drag from losses at its fledgling corporate risks division.
Validius-IVC and Laird team up
Validus-IVC, a specialist management consultancy, and Laird Assessors have announced a strategic partnership.
Omega says takeover discussons ongoing; reports doubling of FY profit
Bermudian-domiciled Lloyd’s (re)insurer Omega Insurance said takeover discussions were ongoing, although gave the market nothing to report.
DWF appoints catastrophic injury specialist
Law firm DWF has announced that partner Philip D’Netto has joined its Manchester-based catastrophic injury team.
AA pours scorn on Datamonitor claim of motor market recovery
AA Insurance Brokers has thrown doubt on claims the motor market may make a profit for the first time in 15 years in 2009. The broker points to continuing claims inflation and premium competitiveness as key factors that will make profitability in two…
Motor market tipped to make profit for first time in 15 years
A new report by independent market analyst Datamonitor reveals that the UK private motor insurance market could finally make a profit in 2009 after 14 years of unprofitability.
Apex training accreditation
Insurance training firm Apex Consultants has become the first company to receive apprenticeship accr...
Small firms unprotected against worker action
Nearly two thirds of smaller businesses are still leaving themselves "hugely exposed" to legal actio...
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CEO acclaims award as talent war gets 'fierce'
Crawford and Company's graduate professional development programme's building surveying discipline h...
Pick of the Week
Post reporter Alwynne Gwilt and supplements editor Stephanie Denton provides a run down of the major ...
Appointment at BLM
Berrymans Lace Mawer has appointed partner Stuart Hardy to its catastrophic injury division. Mr Hard...
The Sun seals insurance deal
Aggregator Onlyfinance.com has secured white label deals with The Sun Online and Loot. The price co...