Europe
RSA signs seven figure deal with Patni
Patni has been appointed to deliver application management services to the Codan Group in Scandinavia.
Admiral reports record H1 profit as it avoids rival's claim pain
Admiral has bucked the trend of motor insurance groups by reporting that it has seen no "unusual trends in bodily injury or damage claims" as it unveiled a record half year profit.
BIS countdown - Interview - Michael Casella: Commitment to the Chubb cause
The new CEO of Chubb Europe, Michael Casella, has spent 28 years travelling the world with the firm. Now based in London, he tells Jonathan Swift why it set up a new Lloyd's syndicate and why you'll never see it dipping in and out of markets.
Holiday Extras seals Mapfre deal
Holiday Extras is planning to offer more waived conditions, natural catastrophe cover and in-house medical screening after joining forces with Spanish firm Mapfre Asistencia.
AIG repays American taxpayer another $4bn
AIG has applied nearly $4 bn received from International Lease Finance Corporation to the Federal Reserve Bank of New York Revolving Credit Facility, reducing AIG's outstanding principal balance to slightly more than $15 bn, not including accumulated…
Aon Benfield begins roll out of new online portal with US launch
Aon Benfield has launched ABConnect, a new online portal that offers clients any-time access to their account data with the aim of improving transparency.
CEA calls on industry to participate in QIS 5
The CEA has urged insurers “both large and small” to take part in the European Commission’s fifth Solvency II quantitative impact study.
Amlin H1 GWP hits £1.5bn, bolstered by 2009 acqusiition
Amlin has reported a profit before tax of £107.6m (H1 2009: £177.1m) for the first six months of 2010 on gross written premium of £1.5bn (H1 2009: £950.1m).
Hiscox profit falls to £97.2m in H1 but ready for "surge" in growth
Hiscox this morning reported a profit before tax of £97.2m for the first six months of 2010 (H1 2009: £141.4m) on gross premiums written of £904.3m (H1 2009: £906.0m).
Allianz unveils German acquisition
Allianz Real Estate Germany has acquired about 80 retail assets of the discount market Aldi Süd from Aldi Grundstücksgesellschaft gmbH & Co KG.
Exclusive Q&A content now available
In our latest Q&A session, ALC Health’s Sue Wilson says that European regulators are trying to ensure that the insurance market in general is properly regulated but as a result, many agents have closed down as they have been unable to comply with the new…
Insurance Insight Q&A – ALC Health
In the latest of our regular focus on European insurance companies and brokers, Insurance Insight talks to Sue Wilson, director for the European office of ALC Health.
Game Group renews Allianz corporate partner deal
Allianz has renewed its partnership with Game Group UK to provide insurance cover for products sold at the group’s specialist stores in the UK and Ireland for another three years.
Compre announces financial restructuring
Consulting and insurance services company Compre has undergone a financial restructure to “take advantage of investment opportunities”.
Former Marsh VP joins claims firm as complex loss boss
Munters MCS has named Simon Hurst as the UK’s major & complex loss director.
Germany drives European recovery
The recovery of the world economy continues, according to the latest quarterly ICC/IFO World Economic Survey.
QBE Europe H1 profits increase to $222m
QBE Europe reported a pre-tax insurance profit of $222m (H1 2009: $213M). Its gross written premium for the first half of 2010 was up 8% to US$2.412bn (2009 US$2.228bn).
Former McKinsey insurance leader made Zurich claims chief
Zurich Financial Services has appointed Thomas Sepp to the position of chief claims officer, effective 1 September.
L&G speculation triggers share price
Shares in Legal & General have risen to a 12-month high following speculation that Zurich is eying it as a potential takeover target.
Moody's affirms Aegon rating
Moody's Investors Service affirmed the A3 senior debt and Baa2 subordinated debt ratings of Aegon and the A1 insurance financial strength ratings of Aegon's US life insurance operating companies.
Willis ends pay freeze
Willis is set to reintroduce annual salary reviews following a two-year pay freeze that was implemented at the height of the credit crunch to cut back on costs.
European insurers resilient to stress tests
Fitch Ratings has published a report today that its stress-testing of European insurers based on their euro-zone sovereign exposures has resulted in no rating actions.
Aon Benfield launches ILS benchmarking tool
Aon Benfield Securities has launched an insurance-linked securities (ILS) benchmarking tool, the Aon Benfield ILS Indices, which provides a quantitative view of ILS returns since December 2000.
R&Q insurance profit hits £3.6m
Randall & Quilter’s income rose 52% to £16.1m in the first six months of the year (H1 2009: £10.6m).