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AIG CEO hails return of AIG as "an investment-grade company"
The CEO and president of AIG has heralded its Q2 financials as a sign that it is again "an investment-grade company independent of government support".
RBS Insurance Q2 COR improves to 99% and profit doubles to £139m
Royal Bank of Scotland Insurance this morning reported that its operating profit has doubled to £139m from the previous quarter and improved even more from the corresponding period last year (Q2 2010: £203m loss).
Groupama UK arm reports decline in fleet driven by taxi book
Groupama today revealed that premium income for its UK arm rose by +0.9% to €276m (£240m) at 30 June 2011.
RSA UK personal lines result helps offset £19m commercial loss
RSA has reported a rise in UK premiums of 7% to £1570m for the first six months of 2011.
International boss Lee to succeed Haste as RSA CEO
RSA has announced that Andy Haste has advised them of his intention to step down as group chief executive after more than eight years in the role.
MCE targets entrepreneurs
Budding insurance entrepreneurs, with a proven track record in sales, will be offered the chance to establish their own business as part of a new scheme created by biker broker MCE.
Credit hire: Improving the engagement
The credit hire industry has traditionally had a rocky romance with insurers. Sam Barrett looks at what has gone wrong and how the two sides can reconcile their differences.
Metal theft on the rise as scrap prices increase
Risk management experts from Allianz are calling on brokers to be proactive about metal theft, following a spate of robberies that have left the company facing millions of pounds in losses.
Gay-only deal website looks to add insurance products to portfolio
A former loss adjuster, who left the industry when his firm went bust to set up Europe's first gay-only deal website, is considering teaming up with insurers to expand.
Post Magazine – 4 August 2011
This week the Post team reports on Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own campaign over Equity’s losses.
Lloyd’s pursues own probe into Equity syndicate losses – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own…
Moneysupermarket reports 25% jump in insurance revenue
Moneysupermarket has reported its revenues in the insurance arm increased by 24% from £40.6m to £50.3m in the first half of 2011 comapred to 2010. Click based revenue increased by 24% from £37.5m to £46.4m.
Towergate MD claims network members will make more money with BN, than Willis
Broker Network has stepped in to offer Our Network members the opportunity to make more money, despite the Broker Direct arm agreeing a tie up with Willis earlier this week.
L&G reports 92% GI COR and £17m operating profit at the half year
Legal and General has reported that its general insurance business has made an operating profit of £17m for the half year to 30 June 2011, up from £10m in 2010.
Leisure industry irresistible target for cyber pirates
The vast quantities of personal and identifiable information collected by the leisure and hospitality industry has made it a chief target of cyber attacks, according to global insurance broker Willis Group Holdings.
Comprehensive car insurance cover rises to £4000 for young men
Young male drivers are paying more than £4000 per year for comprehensive motor cover - but if they marry their partner and add them to the policy the premium shrinks by 25%.
Mapfre sends Spanish travel specialist to UK
Mapfre Assistance has appointed Jair Marrugo as its managing director of UK travel.
Mapfre names UK travel MD
Mapfre Assistance has appointed Jair Marrugo as its managing director of UK travel.
Willis announces Broker Direct network tie up
Willis Networks and Broker Direct, through its commercial insurance solution Our Network, have entered into a strategic alliance that will allow their respective members access to the services and facilities of the other.
MoJ reports a tenfold increase in unauthorised CMCs being shut down
Record numbers of unscrupulous or unauthorised claims management companies have been shut down by the Ministry of Justice in the last year.
French insurer CNP Assurance sees revenue contract
French personal lines insurer CNP Assurances announced contracted revenue but stable income for its first half results due to good operating profitability.
Online insurer launches mobile wallet protection
Online mobile phone insurance specialists insurance2go.uk is claiming to be the first insurer to offer consumers protection for mobile wallet technology.
Arag launches divorce insurance
Legal expenses insurer Arag has teamed up with London law firm Prolegal to offer divorce insurance.
JMG Group opens Gateshead office
Yorkshire-based insurance brokers JM Glendinning is to open a new office in Team Valley, Gateshead on 1 August.