Insurer
Global Takaful contributions set to rise
Global Takaful contributions are expected to reach US$12bn by the end of the year, according to analysis by Ernst & Young.
Catastrophe rates on the rise as insurers look to recoup losses
Catastrophe rates are on the rise as insurers attempt to recoup heavy losses, however, non-catastrophe accounts with good loss experience remain highly sought after, according to a Marsh report published today.
Former Indy staff lose compensation after employment tribunal appeal
Hundreds of former Independent Insurance staff have lost the right to compensation after the liquidated company appealed an earlier ruling.
Tokio Marine Europe files for Chapter 15 recognition in US
Tokio Marine Europe Insurance Ltd, a part of the Tokio Marine Group, has filed a petition for protection from creditors within its recently approved solvent scheme of arrangement under Chapter 15 in US bankruptcy court in Manhattan.
Insurance Insight Blog: If it’s good enough for Uefa . . .
When I took on this role as editor of what was then just an idea Post, the long running UK insurance weekly, had that its readers might be interested in Europe, I had little inkling of what was to follow.
Gibraltar GWP tops Lloyd's in motor insurance underwriting
Gibraltar is outperforming Lloyd’s of London in the motor insurance market, according to a report by Ernst & Young, and Admiral is leading the charge.
Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
Fitch affirms German mutual Gothaer's 'A' rating
Fitch Ratings has affirmed Gothaer Allgemeine Versicherung AG's and Gothaer Lebensversicherung AG's insurer financial strength ratings at 'A' and long-term issuer default ratings at 'A-'.
Munich Re in solar energy deal in Spain and Italy
Munich Re and investment firm Kohlberg Kravis Roberts & Co have partnered to acquire a 49% equity stake in Grupo T-Solar, the largest European solar photovoltaic power generator.
Aspen Insurance to buy commercial insurance renewal rights from M4
Aspen Insurance’s regional platform Aspen Risk Management has agreed to purchase certain commercial insurance renewal rights and other related assets from M4 Underwriting.
Gibraltar GWP tops Lloyd's in motor insurance underwriting
Gibraltar is outperforming Lloyd’s of London in the motor insurance market, according to a report by Ernst & Young, and Admiral is leading the charge.
Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
David Cobley named Simply Health’s underwriting director
Simply Health has named David Cobley as underwriting and pricing director. He is a qualified actuary and joins from the Lloyds Banking Group, where he was risk director for its international financial services division.
Law Society: Professional indemnity renewals are still a problem
Lawyers have found it harder to get professional indemnity insurance this year with roughly one in three firms having problems, up from one in five last year, according to the Law Society’s PII survey.
NIG appoints head of agricultural business
Commercial insurer NIG has appointed Andy Brock as its head of agricultural business.
Fitch affirms German mutual Gothaer's 'A' rating
Fitch Ratings has affirmed Gothaer Allgemeine Versicherung AG's and Gothaer Lebensversicherung AG's insurer financial strength ratings at 'A' and long-term issuer default ratings at 'A-'.
Power Place appoints regional sales manager
Power Place has appointed a sales manager to oversee the Wales, West and Central region as part of a new strategic business development focus.
Munich Re in solar energy deal in Spain and Italy
Munich Re and investment firm Kohlberg Kravis Roberts & Co have partnered to acquire a 49% equity stake in Grupo T-Solar, the largest European solar photovoltaic power generator.
Equity Direct Broking races to Silverstone classic car and bike deal
Silverstone Circuit has appointed Equity Direct Broking to administer its classic car and bike insurance schemes.
Bennetts appoints e-commerce and marketing experts
Bike insurance provider Bennetts is expanding its e-Commerce team with the appointment of two new senior-level e-commerce and marketing experts.
Axa announces profit growth
Axa Assistance has announced a 5.2% growth in income from 2009 and an increase in net profit of £6.6m.
Länsförsäkringar selects model partner
Swedish insurer Länsförsäkringar has selected Barrie & Hibbert’s economic scenario generator to be used within its Solvency II internal model.
Zurich adds referral fee clause
Zurich has added a clause to its terms of business arrangement that requires all personal lines brokers to reveal details of referral fee income involving its customers.