Insurer
Axa reports UK GI revenue of €916m
Axa's UK and Ireland-based property & casualty business reported €916m revenue in the first quarter of the year.
Former Capita boss joins Junction
Insurance affinity specialist Junction has appointed Derek Henry as the new director of corporate partnerships.
Lloyds Banking Group reports huge £3.2bn Q1 losses after PPI provision
Part-nationalised Lloyds Banking Group has recorded a statutory loss after tax of £3.47bn for Q1 2011 (Q1 2010: £721m), after the bank made provisions of £3.2bn for payment protection insurance payout costs.
Zurich profits fall 33% in Q1 as it suffers $517m nat cat loss
Zurich Financial Services Group (Zurich) today reported a 33% drop in business operating profit of $849m (Q1 2010: $1.3bn) and a 32% drop in net income after tax of USD $637m (q1 2010: $935m) for the three months ended March 31, 2011.
Zurich profits fall 33% in Q1 as it suffers $517m nat cat loss
Zurich Financial Services Group (Zurich) today reported a 33% drop in business operating profit of $849m (Q1 2010: $1.3bn) and a 32% drop in net income after tax of USD $637m (q1 2010: $935m) for the three months ended March 31, 2011.
Broking supplement - Private motor: The drive to succeed
Aggregators, question marks over referral fees and a squeeze on margins are all challenging those in the intermediated personal lines space. But, as Leigh Jackson reports, it is not all doom and gloom.
Editor's comment: tying the knot
The rest of the world may remain obsessed by romance or reactionaries but the UK insurance industry has unveiled its own all-consuming love affair this week. Acquisitions abound in the headlines and bullish talk is nothing short of bountiful.
R&Q: underwriting team hires will drive growth
Insurance investment company Randall & Quilter has outlined plans to boost its fledgling underwriting management division with new team hires during 2011.
Post blog: A smaller catch after the one that got away
With many in the insurance market taking advantage of the double bank holiday whammy you would have thought the past week would have been a good time to bury bad news.
Website Review: Bell Insurance
In the latest of its ongoing series, web performance specialist Gomez looks at Bell Insurance's website.
Bin Laden death will not affect terrorism rates
The death of Osama bin Laden is "unlikely to have a material effect" on terrorism insurance rates in the short term, market figures have said.
Rural reveals 5% agricultural market share aim
Specialist underwriting agency Rural Insurance is aiming to double its gross written premium and win a 5% share of the agricultural insurance market within three years.
Government claims ELIB plans are 'not forgotten'
The coalition government has been urged to make a decision on the Employers' Liability Insurance Bureau after maintaining a year-long silence on the issue.
In series - first-party fraud: everyone's a loser
Few consumers see insurance fraud as the criminal offence it really is. Graham Odiam looks at research to find out why this is and explains how everyone will lose out until this perception is changed.
Broking supplement - Commercial rates: A war of words
The soft commercial lines market has heated up recently, as insurers accuse each other of failing to put prices up. Rachel Gordon reports on this bitter war of words.
Comment - e-trading: the future of commercial
E-trading in the commercial market is on the way. Dawn Dillaway looks at why this innovation will be a game-changer for the sector and why the critics are wrong.
RSA targets HNW top spot after Oak deal
RSA is aiming to become the number one player in the high net worth market, following its acquisition of Oak Underwriting.
Overseas market - Saudi Arabia: full of Middle Eastern promise
With a fast-growing insurance sector, Saudi Arabia is a country on the move. Dexter Morse gives a detailed overview of market developments and potential.
Post history - 20 years ago: motor blamed for £220m NU downturn
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
View from the top: kill the costs monster
I'm delighted the government is backing Lord Jackson's suggested overhaul of civil litigation costs — but the champagne remains on ice.
Interview - Ash Bathia: building the profitability platform
QBE Europe kept competitors on their toes as it built the business and branched out. Underwriting boss Ash Bathia tells Mairi MacDonald where his sights are now set.
Career development & CSR: hospice charity target smashed as £250 000 raised in two years
Allianz Insurance has raised £250 000 for hospice care in less than two years, beating its self-imposed target.
Post history - five years ago: Churchill pulls out of sponsorship
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Penny Black's insurance week
It is always nice when a familiar face reappears on the heady insurance circuit, so it was with some pleasure that Penny heard Zurich's former European CEO Annette Court is currently scouring the UK insurance market for her next big move.