News
Aviva's Hudson to join Equity in January
Sam Hudson, Aviva's broker performance director for intermediary and partnerships, is to join Equity from the start of next year as commercial director.
Zurich's Cawley set to depart as insurer unveils 121 job losses
Zurich’s UK personal lines claims director Jon Cawley will leave the company at the end of this year, as part of a restructure of the firm’s UK personal lines and property claims teams.
Munich Re targets €3bn profit for 2013 after weak Q3
Munich Re believes profit of €3bn (£2.5bn) to be “achievable” for the full year after achieving profit of €2.2bn for the first nine months.
Munich Re targets €3bn profit for 2013 after weak Q3
Munich Re believes profit of €3bn (£2.5bn) is “achievable” for the full year after recording a €2.2bn profit for the first nine months.
AIR Worldwide estimates total windstorm losses could reach £1.9bn
Catastrophe modelling firm AIR Worldwide has estimated total insured losses from windstorm Christian will range between €1.5bn and €2.3bn (£1.9bn).
AIR Worldwide estimates windstorm Christian losses could reach €2.3bn
Catastrophe modelling firm AIR Worldwide has estimated insured losses from windstorm Christian will range between €1.5bn and €2.3bn, with the majority of insured losses occurring in Denmark and Germany.
ANV names Bayles as technology E&O lead
Netherlands-based Specialty insurer ANV Holdings has named digital and privacy risk specialist Phil Bayles as lead of its new technology E&O and intangible risk underwriting team.
ANV appoints technology E&O lead
Netherlands-based specialty insurer ANV Holdings has named digital and privacy risk specialist Phil Mayes as lead of its new technology E&O and intangible risk underwriting team.
Maven confirms £5m investment into Global Risk Partners
Private equity and alternative asset manager Maven Capital Partners has confirmed it is part of the syndicate providing £55m of investment into London market consolidator Global Risk Partners.
AIG 'may sue' Morgan Stanley over mortgage sales
AIG may sue investment bank Morgan Stanley over mortgage-linked securities sold to the insurer in the lead up to the financial crisis.
New online tool seeks to ramp up market-wide telematics push
A new online launch aims to help insurers get a toehold in the burgeoning telematics market.
COR improves at Aviva UK as storm losses hit £10m
A reduction in the Aviva UK general insurance combined operating ratio of 95.5% (9M 2012: 97%) has been attributed to lower expenses and favourable weather conditions over the first nine months of the year.
Beazley predicting 'mid-80s' full year COR
Beazley has chalked up a 5% rise in premiums of $1.54bn (£958m) over the first nine months of the year, as limited exposure to weather events has left the firm expecting a better than predicted full year combined ratio.
Swiss Re sees P&C income slide 22% for Q3
Swiss Re has reported tumbling income from its property and casualty reinsurance arm, balanced by increased premiums in Q3.
Swiss Re Q3 P&C income down 22%
Swiss Re has reported tumbling income from its property and casualty reinsurance arm, balanced by increased premiums in Q3.
Three senior hires for Canopius' Singapore office
Canopius is growing its Asian operations with three senior hires in its Singapore office.
Hill Dickinson appoints Braithwaite as fraud manager
Hill Dickinson has strengthened its complex fraud team with the hire of Kevin Braithwaite to the role of complex fraud manager.
Generali boosts profits by 40%
Assicurazioni Generali has posted net profits of €1.6bn (£1.3m), a 40.4% increase on the nine month results last year.
Markel International posts improved combined ratio for Q3
Markel Corporation reported diluted net income per share of $4.67 (£2.90) for the quarter ended September 30, 2013 compared to $5.32 for the third quarter of 2012.
Beazley predicting 'mid-80s' full year COR
Beazley has chalked up a 5% rise in premiums of $1.54bn (£958m) over the first nine months of the year, as limited exposure to weather events has left the firm expecting a better than predicted full year combined ratio.
Tulloch engaging brokers ahead of Aviva senior team rebuild
Aviva UK general insurance chief executive Maurice Tulloch has vowed to engage heavily with brokers as he seeks to build a new senior team following a string of high-profile exits.
COR improves at Aviva UK as storm losses hit £10m
A reduction in the Aviva UK general insurance combined operating ratio of 95.5% (9M 2012: 97%) has been attributed to lower expenses and favourable weather conditions over the first nine months of the year.
Over 170m low-income people using microinsurance in Asia-Pacific
According to research by the Munich Re Foundation and GIZ, which assists the German government in sustainable development, the microinsurance sector in Asia-Pacific has reached 172m lives representing a 40% annual growth rate between 2010 and 2012.
Qatar bullish on Asian reinsurance market
The 1st Asia Reinsurance Barometer, published by the Qatar Financial Centre Authority, finds that the region's reinsurance markets are "still bustling with confidence", although "the outlook on pricing and profitability for the next twelve months is…