Axa XL
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on the pitfalls and opportunities with exporting to the US; and a View from the Top the different approaches being adopted for environmental liability.
View from the top: Environmental variations cause issues
Differing approaches adopted by individual European countries have added complexity to the issue of environmental liability.
AM Best affirms XL ratings
AM Best has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of the holding company, XL Group plc (XL) (Ireland) led by XL Insurance (Bermuda) Ltd (Hamilton, Bermuda).
Catlin praised for community commitment
Bosses at Catlin Underwriting Agencies were last night presented with the ‘Heart of the City’ award for their efforts in helping to transform a failing inner-city school.
XL Insurance expands middle market
XL Insurance is to expand its middle market offering to UK companies with a turnover between £25m and £250m. It will include international coverage if required.
IUMI 2011 preview: The problem of piracy
The annual International Union of Marine Insurance conference takes place in Paris next week. Topping the agenda is the ongoing scourge of piracy on world trade .
UK General signs capacity deal with MMA
UK General has signed a new capacity deal with MMA to broaden the terms of its tradesman’s liability offering.
Disaster recovery - SME: Dealing with disaster
SMEs would flounder in the face of a disaster, with a large proportion going out of business completely. Edward Murray asks why, therefore, it remains so hard to get them to engage with disaster recovery planning.
Career development & CSR: CII assessment changes
The Chartered Insurance Institute has unveiled a new assessment method allowing candidates to use their previous experience to achieve an advanced diploma in insurance.
People moves – 18 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 18 August 2011 edition of Post.
Marsh offers small solicitor firms 'exclusive' PI deals
Marsh claims to have two exclusive insurer deals for small and mid-sized firms of solicitors to help tackle what it describes as a “challenging renewal season for solicitors’ professional indemnity (PI) insurance”.
Lloyd’s – China: Chasing the Chinese dream
As the world’s second largest economy, China is a tempting opportunity for insurers. Leigh Jackson reports on the key role being played by Lloyd’s, the difficulties in gaining traction and the reality checks on expectations.
Mitsui poaches Catlin pair in Midlands market push
Mitsui Sumitomo has enticed an underwriting duo from Catlin to spearhead its regional mid-market push in the Midlands, Post has learnt, having earlier lured a team from Chubb to build its presence in Ireland.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
Novae hurt by catastrophe losses
Novae said half-year catastrophe losses added 20% to its combined ratio, taking it to 111% and causing a pre-tax loss of £30.1m (H1 2010: profit £13.8m).
Catlin warns of catastrophe losses
Catlin has said $534m in losses from catastrophes added 32% to its combined operating ratio, taking it to 117% for the first half of 2011.
Thistle aims high despite 2011 losses
JLT chief executive Dominic Burke claims full year trading profits at its underwriting agency Thistle Insurance will eclipse last year's £4.8m, despite making a £246 000 loss so far in 2011.
XL boss hails Q2/H1 2011 performance as among the best of its peers
XL has announced a fall in net income for the first six months of 2011 to $80.1m (H1 2010: $392.3m) on gross written premiums of $3.8bn (H1 2010: $3.43bn).
XL seeks alternative to non-disclosure clause
XL Insurance is in the process of drawing up an alternative to risk management trade body Airmic's model 'non-disclosure clause', in a bid to encourage insurers to sign up to it, Post has learned.
Post Magazine – 28 July 2011
This week the Post team reports on the confusion over reports in the Irish press that Quinn Insurance founder Sean Quinn has acquired a Malta-based insurance licence and as set to launch new company Q2 in competition with his former business which fell…
Swiss Re denies Quinn links as regulators probe claims – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories.
Allianz recruit strengthens XL property business
XL Insurance has appointed Ralf Brunner property underwriting manager for Germany and Switzerland, based in Munich.
Commercial property - Business interruption: Dealing with disruption
Deficiencies in business interruption policies have long been a source of debate, but what can be done to improve them, asks Veronica Cowan.
Beazley appoints energy leader
Beazley has appointed Matthew Holmes to lead its energy team.