Reinsurance
XL CEO announces $1bn share buyback as it reports Q3 figures
XL has reported its property and casualty operations recorded a combined ratio of 94.9% in the third quarter of 2010, bolstered by reserve releases.
Admiral strikes new reinsurance deals with Mapfre and XL Re
Motor insurance specialist Admiral this morning revealed that it plans to extend its existing reinsurance partnerships with Swiss Re, New Re and Hannover Re and is entering into new deals with Mapfre Re and XL Re for 2011 to 2013.
Former Atradius staff launch trade credit MGA
Lloyd’s, Aspen and Liberty Mutual have joined the panel of a new managing general agent to enter the trade credit insurance market.
Randall & Quilter completes acquisition
Randall & Quilter has completed its acquisition of Reinsurance Solutions Limited, Reinsurance Solutions LLC and various other related assets and liabilities from Guy Carpenter & Company, LLC and Marsh Limited.
Catlin rolls out new SSP technology
Property and casualty insurer and reinsurer Catlin has gone live with SSP’s new policy administration and underwriting tool.
Aon blames "economic conditions" for 11% drop in UK revenue in Q3 2010
Aon has reported that its UK broking business recorded a 11% drop in commission and fees in the third quarter of 2010 to $148m (£92.7m) (Q3 2009: $167m) with an 8% downturn in organic revenue.
Aon blames "economic conditions" for 11% drop in UK revenue in Q3 2010
Aon has reported that its UK broking business recorded a 11% drop in commission and fees in the third quarter of 2010 to $148m (£92.7m) (Q3 2009: $167m) with an 8% downturn in organic revenue.
Post Europe: Anticompetitive practices in Ukraine
Insurance companies in Ukraine generate 40% of their profits through bank products, leaving many at the mercy of the banks restrictive accreditation procedures. Oleksander Dyakulych and Mykhailo Pergamenshchyk report on how an investigation by the…
Anticompetitive practices in Ukraine
Insurance companies in Ukraine generate 40% of their profits through bank products, leaving many at the mercy of the banks restrictive accreditation procedures. Oleksander Dyakulych and Mykhailo Pergamenshchyk report on how an investigation by the…
Ace CEO Greenberg ups full year forecast after "positive" progress in 2010
Ace Insurance Group has reported $14.9bn gross written premium for the nine months ended 30 September 2010 compared with $14.7bn last year.
XL names Hendrick as strategic growth head
XL Group has appointed Gregory Hendrick as executive vice president, strategic growth, effective immediately.
Ace CEO Greenberg ups full year forecast after "positive" progress in 2010
Ace Insurance Group has reported $14.9bn gross written premium for the nine months ended 30 September 2010 compared with $14.7bn last year.
Aspen hit by reserve strengthening in financial and professional lines
Aspen has announced that its insurance segment recoirded an underwriting loss for the third quarter, which excludes investment income, of $13.4m £8.5m) compared with an underwriting profit of $20.9m in the third quarter of 2009.
Willis Group nine month profit remains static at $357m
Willis Group has reported net income from continuing operations for the nine months ended September 30, 2010 was $357m ($226.4m), compared with $357m, in the same period a year ago.
AIG announces succession plan for CEO role
AIG has announced that chairman, Steve Miller, would step in as interim CEO of AIG for as long as it takes to identify and select a long-term replacement, if the incumbent Bob Benmosche is unable to continue in the role.
Aspen hit by reserve strengthening in financial and professional lines
Aspen has announced that its insurance segment recoirded an underwriting loss for the third quarter, which excludes investment income, of $13.4m £8.5m) compared with an underwriting profit of $20.9m in the third quarter of 2009.
Willis Group nine month profit remains static at $357m
Willis Group has reported net income from continuing operations for the nine months ended September 30, 2010 was $357m ($226.4m), compared with $357m, in the same period a year ago.
Broker status: Broker LLP - a beneficial partnership?
Lockton is set to become the biggest intermediary yet to become an LLP broker. Edward Murray looks at the benefits of such a transformation.
Post magazine - 28 October 2010
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
IAG to retain Equity Red Star
Insurance Australia Group chairman Brian Schwartz has vowed not to sell its embattled UK business Equity Red Star.
QBE given green light for Belgian acquisition
QBE has received approval from the Belgian regulator for the acquisition of reinsurer Secura NV.
Concerns raised over post-acquisition capital structure of Brit
AM Best Europe has placed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Brit Insurance and the ICR of “bbb” of Brit Insurance Holdings, the ultimate parent of the Brit Insurance group of companies, under review…
QBE given green light for Belgian acquisition
QBE has received approval from the Belgian regulator for the acquisition of reinsurer Secura NV.
Concerns raised over post-acquisition capital structure of Brit
AM Best Europe has placed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Brit Insurance and the ICR of “bbb” of Brit Insurance Holdings, the ultimate parent of the Brit Insurance group of companies, under review…