Insurer
RSA's Brown promises regional appetite while outlining commercial motor future
A 10% reduction in premiums within the regions "in no way shape or form" translates to a reduction in appetite at RSA, according to the firm's UK chief executive.
Cigna relocates Europe HQ to London
Insurer Cigna is relocating the European headquarters of its international health, life and accident business from Madrid to London in a bid to be closer to its largest revenue stream.
Assurant appoints European head of mobile business from Sony Ericsson
The European business unit of Assurant Solutions has appointed Nino Treusch as head of mobile business development for Europe.
Lancashire secures $75m additional capital for Japan renewals
Lancashire Holdings has said it will be able to deploy $75m additional capital for the 1 April Japanese market renewals after securing the extra capital from its Accordian sidecar investors.
Lancashire reveals $35m exposure to Costa Concordia
Lancashire Holdings has revealed, based on an industry loss of $850m, its exposure to the January Costa Concordia cruise ship loss is estimated to be approximately $35m net of reinsurance and reinstatement premiums.
Santalucía adopts SAS Risk Management for Solvency II
Spanish insurer Santalucía is to use SAS Risk Management for Insurance to help meet Solvency II, Pillar I requirements to manage risks and calculate metrics.
Agencyport hires new CFO
Agencyport, a software and services provider for the insurance and reinsurance industries, has appointed Richard F. Gilbody to chief financial officer and director of Agencyport Software.
RSA reports 58% increase in underwriting result to £375m
General insurer RSA reported a 58% increase in the underwriting result to £375m for the full year 2011, attributed partly to the successful growth of overseas operations.
Ecclesiastical launches campaign to save churches from metal theft
Ecclesiastical is set to invest £500 000 to fit roof alarms to the worst-hit churches.
Catlin sponsors scientific expedition
Catlin is set to be the sponsor of a scientific expedition that will include the first study to document the composition and health of sections of the Great Barrier Reef across a range of depths.
Allianz UK operating profit improves as group net income impacted by Greek debt
Allianz has reported that its UK business logged gross written premiums as stated of €534m in 2011 (2010: €485m).
Accordian Re gains new capacity for Japanese market
Lancashire Holdings has secured additional capital of $75m (£48m) for Accordian Re to focus on the 1 April Japanese market renewals.
Former Aspen CFO to replace Culmer as RSA group finance boss
RSA has appointed Richard Houghton as its group chief financial officer.
Swiss Re P&C operating income halves despite $1.3bn reserve releases
Swiss Re has seen its property and casualty operating income almost halved in 2011 to US$1.28bn (US$2.47bn).
RSA UK back-in-black, but commercial hit by "drag" of three-year fleet deal
RSA has reported a 6% rise in UK premiums to £3.1bn in 2011 and an underwriting profit of £40m (2010: £95m loss).
Post Blog: Redknapp, bad weather and PI policies
Alongside Harry Redknapp and adverse weather, the unlikely hot topic of aggregation clauses in professional indemnity policies is hotly debated in insurance circles.
RBSI reports £749m turnaround in profit in 2011, as it sheds 1.3m policies
Royal Bank of Scotland has reported an operating profit of £454m in 2011, compared with a loss of £295m in 2010. Its new underwriting profit was up from £307m to £1.04bn.
ABI calls for reduction in fixed legal fees
The Association of British Insurers has said it is time to “put a brake on the UK’s exorbitant legal bill” which is costing UK consumers £1666 every minute.
Your say: Piping up over freezing
The Department for Environment and Rural Affairs is dropping hints that it may agree to some sort of subsidy for properties built in flood zones to support insurers in offering affordable cover.
Willis makes u-turn over contingent commissions as profits tumble
Broker stresses new stance does not have an impact on most business.
Interview: Opportunity knocks for Capita's Brent Escott
Having set up, run and sold insurance businesses, Brent Escott is now embarking on a new challenge at the outsourcing giant.
Household: Insurers weathering the cold
After a mild 2011, this year got off to a cold start as snow hit the UK. Will this force insurers to look beyond the past year and start pricing household and contents cover long term?
Corporate Underinsurance: Solving the problems
Underinsurance is a common problem and a collaborative approach is needed to stamp out an issue that has gone unresolved for too long
High Net Worth: Opportunities abound to target the top
Despite the economic conditions, high net worth insurance continues to thrive. But will this lead to a host of new entrants in the market?