Insurer
Kiln forecasts profits in non-aligned syndicates for 2010 and 2011 accounts
R J Kiln & Co has forecasted profits for its four non-aligned syndicates with catastrophe losses for the 2010 and 2011 years of accounts.
Towergate withdrawal leaves Cobra boss Stephen Burrows as only bidder for broker
Towergate has pulled out of buying troubled AIM-listed broker Cobra, leaving the way clear for Alto, the buyout venture backed by Cobra boss Stephen Burrows, pictured.
Departing migrant workers make EL claims as they leave, warns Allianz
Allianz UK boss Andrew Torrance has blamed east European construction workers returning home for a spike in employers' liability claims.
BIBA 2012: MGAs 'make sense', say insurers and brokers
Insurers, brokers and managing general agents believe that delegated authority "makes sense" if parties have the same interests, but some MGAs lack the skills to work effectively.
Mitsui Sumitomo at Lloyd's opens in Dublin and creates 30 jobs
MSI Management UK and Ireland, the new service company of Mitsui Sumitomo at Lloyd's, is opening a Dublin headquarters.
Commercial lines hurt Allianz's Q1 COR
Allianz has reported UK Q1 gross written premiums up 6.8% over same period in 2011 and a marginally worse combined operating ratio of 97.1% giving the firm its 37th consecutive quarter with a sub-100% COR.
BIBA 2012: Sterling extends executive business cover
Sterling has increased the cover limit on three executive business products.
Olympics Countdown: Q&A with Danny Nobbs
With 10 weeks to go the start of the Olympic Games, Paralympian and Aviva sponsorship consultant Danny Nobbs speaks to Penny Black about his hatred for marmite, his crush on Emma Bunton and knowing all the words to Bart Simpson's Do the Bartman.
Malaysian employers must insure foreign workers
Malaysia's government has promised to take a hard line on employers that flout rules on insuring foreign workers.
BIBA 2012 Video: Meerkats in hard hats and other pressing questions
Today at Biba we asked attendees about their reaction to commission disclosure, aggregation and technology.
BIBA 2012: Conference returns to London in 2013
The British Insurance Brokers' Association will return to London next year after its two-year residency in Manchester.
Hyperion valued at £165m as BP Marsh sells a stake to Murofo
BP Marsh & Partners announced this morning that its wholly-owned subsidiary, BP Marsh & Company, has sold 1 193 500 shares (2.75%) in Hyperion Insurance Group for a cash consideration of £4.5m.
Hardy gets tough on property treaty with 19.1% rate rises
Hardy Underwriting has reported that gross written premiums for its syndicate have decreased by 21.5% year on year, primarily as a result of discontinuing certain underperforming lines of business and a reduction in catastrophe risk appetite.
China is world's worst for flood risk
China has been ranked as the world's top flood risk zone in a report by Swiss Re, ahead of fellow emerging economies Brazil, Rusia and India, The Taipei Times reported.
Insurers urged to think differently to achieve European success
European insurers and brokers need to think differently about the EMEA region in today's low-growth economy if they are to unlock opportunities, according to Ace Europe chairman Andrew Kendrick.
Canadian TPA opens office in UK to service international needs
Third-party administrator The International Programs Group is opening its first international office in London, IPG UK.
MUM enters international market
Broker-only managing general agent Manchester Underwriting Management is entering the international market.
JLT responds to market demand with cyber product
JLT Specialty has launched an intangible and cyber exposure service in response to market demand.
Aviva posts COR of 96% in Q1
Aviva posted reduced operating profits for the first quarter of 2012, in a performance that executive deputy chairman John McFarlane described as "in line with targets".
IAG to undertake strategic review of UK business
Insurance Australia Group will be undertaking a strategic review of its UK business.
Deutsche Bank analyst admits surprise at Aviva UK GI slowdown
Equity analyst Deutsche Bank has admitted surprise at Aviva's UK result this morning.
Fitch backs Lloyd's emerging markets expansion
The Lloyd's insurance market's planned expansion into emerging markets is a net positive, despite the additional risk carried by writing business outside established markets, Fitch said today.
What is contained within Penny's Little Black Book?
Having been wined and dined by the great and the good of the insurance industry for over 12 years, one has decided to team up with the CII to collect the best bits from my weekly column and bring them to you in the shape of this little black book.
Amlin CEO says three quarters of business has seen rate rises in Q1 2012
Amlin reported this morning that the group's gross written premium for the four months ended 30 April 2012 was up 10.5% at £1.4bn (30 April 2011: £1.3bn). At constant rates of exchange, written premium increased by 11.6% (30 April 2011: £1.29bn).