Insurer
Admiral sees 38% jump in ancillary profit as it records £160.6m PBT at H1
Admiral has recorded a profit before tax at £160.6 million for the first six months of 2011, 27% ahead of H1 2010, while turnover rose 53% to £1.1bn.
Ex-Aviva CEO Snowball extends Suncorp contract until 2015
Suncorp Group Limited today announced chief executive Patrick Snowball would move from a fixed term employment contract to a rolling contract.
Zurich snaps up former Chubb HNW staff
Zurich has appointed Lennox Bunting as London market manager and Alan Gorman as senior development underwriter to the insurer’s private clients’ new London team.
G Cube increases wind and solar capacity
Renewable energy insurance specialist G Cube has increased its underwriting capacity for wind and solar projects to $680m (£411.3m).
Motor insurers ease cover rules for volunteers
Motor insurers have given the green light to volunteers who want to use their cars to help out their local communities by promising not to charge extra premiums.
Aim targets brand development with sales appointment
Aim Legal Expenses Insurance Services has appointed Ian Meachin as sales manager - as part of a push into broadening the firm's reputation among brokers, intermediaries and the automotive sector nationwide.
Duo launch psychological professionals scheme
Insurer Ecclesiastical and Oxygen Insurance Brokers have unveiled a new tailored home insurance scheme for psychological professionals.
European insurers adopt Dataflux technology
Nine European insurance firms have adopted Dataflux technology to help underpin their Solvency II data management initiatives.
Elite appoints new London boss
Legal expenses insurer Elite has named Mike Payne the general manager of its London office.
Zurich names global media relations head
Zurich Financial Services Group has appointed Maeve Gallagher to the role of global head media relations, with effect September 1, 2011.
AGCS names financial institutions chief
Allianz Global Corporate & Specialty has appointed Sue Yen Leow as head of financial institutions for the UK.
Solicitors face new PI risks in alternative business structure firms
Lawyers who “dabble” with multi-disciplinary practices once restrictions of trading are lifted in October face professional indemnity claims, Brit Insurance has warned.
Insurers paid and collected £10.4bn in tax
Insurers paid £10.4bn to the UK Exchequer last year – more than before the recession - figures from the Association of British Insurers and PWC have revealed.
Japanese insurer expands into Europe with Dutch acquisition
Nipponkoa Insurance Co has reached an agreement with Ethias NV to acquire all of the shares of the Dutch underwriting agency Nateus Nederland BV.
ACI helps Amlin France GWP double but group reports £192.3m loss
Amlin France doubled its gross written premiums for the first half of 2011 compared to 2010, but over the group reported losses of £192.3m before tax (H1 2010: £107m profit).
MMA launches motor trade combined cover
MMA Insurance is bucking the trend of insurer cutting capacity and shrinking their motor trade books by expanding its range with the introduction of a motor trade combined product.
Irish Wrightway puts renewals on EDI
Irish underwriting agency Wrightway is converting all of its manual motor policies to full cycle EDI on Open GI removing the need for paper transactions on renewals.
Confidence hit by claims and uncertainties
The latest ICAEW/Grant Thornton UK Business Confidence Monitor shows that a year of catastrophic losses, on-going soft pricing and regulatory uncertainty has hit insurance industry confidence hard.
Amlin posts £192.3m loss
Lloyd’s insurer Amlin blamed catastrophe claims of £314.3m (H1 20010 £127.1m) that added 34 percentage points to its combined ratio for a pre-tax loss of £192.3m (H1 2010: profit of £107.6m).
RBSI recruits motor commercial director
RBS Insurance has appointed Gus Park as motor commercial director.
Shareholders back Lancashire UK move
At a special general meeting yesterday shareholders of Lancashire approved the company’s plans to shift its tax residence to the UK from Bermuda.
Post Blog: Compliance management - a technological solution
Insurance providers today have to comply with a mountain of regulations spanning different geographic regions, business sectors and service levels.
Zurich Global Corporate appoints COO for North America
Zurich Global Corporate has named Sabrina Hart chief operating officer for Global Corporate in North America (GCiNA).
Charles Taylor Consulting releases interim results
Charles Taylor Consulting has released its interim results for the first six months of 2011.