Insurer
Santander latest bank to set asside PPI fund with Euros 620m hit
Santander today revealed a net profit of Euro 3.501 bn (down 21%), after setting up an extraordinary fund of Euros 620m in the UK to cover potential claims for payment protection insurance sold in the UK.
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…
Esure confirms it has an "option" to increase stake in Go Compare
Results filed at Companies House in the last week have revealed that Esure Holdings has an option to increase it stake in aggregator Go Compare.
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.
Ace reports 40% fall in net income
Ace has recorded net income of $607m (£370) in the second quarter of 2011, a drop of 10% on Q2 2010.
Tony Baker steps down as CHO director general
Credit Hire Organisation director general Tony Baker has announced his decision to step down from the role at the end of the year.
AI Claims on track to hit profit forecast despite downturn in accidents
AI Claims has reported that its trading profit in the financial year is in line with market expectations.
NIG adds four to Midlands office
Commercial insurer NIG has named four new staff to its Birmingham-based Midlands regional office.
Brand reputation important for non-life insurance purchases
Brand reputation is vital to consumers purchasing non-life insurance, a study has found.
First Title team up with Ink to target PII market
First Title Insurance has teamed up with Ink Underwriting Agencies to offer professional indemnity insurance to law firms.
Axa confirms Bristol and Newcastle branches
Axa Commercial Lines has confirmed that it will open two new branches in 2011 and that it is looking at central locations in Bristol and Newcastle.
Coene appointed Europe MD for QBE
QBE has appointed Patrick Coene as managing director, European Markets.
Scor acquires 100% of the capital of Solareh SA
Scor Global Life SE, a subsidiary of Scor SE has acquired the remaining 50% of Solarah SA shares by purchasing shares from Solareh International.
Scientific research improves extreme weather planning
Insurers and commodity markets can make better risk decisions thanks to increased scientific knowledge about the twin climate cycles, El Niño and La Niña.
QBE raids Amlin for new European boss
QBE has appointed Patrick Coene as managing director, European Markets.
Kiln builds aviation team in Singapore
An underwriting team dedicated to aviation risks in Singapore has been formed by Kiln.
Airline carriers see lowest losses in six years
The airline industry experienced an eerily quiet first half of the year, with losses of just $400m, the lowest total in six years, according to the latest report from the Aerospace division of Willis Group Holdings.
Groupama launches security product
Groupama Insurance has launched the latest ‘exclusively’ product for commercial brokers.
AM Best Europe recruits new MD
Stefan Holzberger has joined AM Best’s European business in the role of managing director, analytics.
AM Best appoints Holzberger as EMEA MD
AM Best has appointed Stefan Holzberger as managing director, analytics.
BGL Group expands board
BGL Group has made a series of appointments to its main board as part of a restructure that establishes four operating groups.
Sean Quinn’s new venture has no Malta licence
The Malta Financial Services Authority has denied reports that Sean Quinn has a Malta- based insurance licence for his new insurance company, Q2, according to sister publication Insurance Age.
Bluefin opens Cardiff office
Bluefin Insurance Services is opening a new branch of its Professions operations in Cardiff.