Insurer
RSA results reveal 9% NWP growth for H1 2010
Insurer RSA’s UK net written premiums increased by 9% year on year to £1.46bn in the first half of 2010 (H1 2009: £1.34bn) according to its latest financial results.
Zurich appoints chief administrative officer
Zurich has announced the appointment of Christian Orator as chief administrative officer and member of the group executive committee.
Hardy profit nosedives in first half results
Hardy Underwriting Bermuda's profit before tax has fallen to £0.8m (H1 2009: £7.8m) after it was hit by a string of catastrophic events.
Aviva results: UK GI business profit improved 24% to £197m in H1 2010
Aviva has seen its UK general insurance and health underwriting results and operating profits go backwards in the first six months of 2010 to £56m (H1 2009: £63m) and £269m (H1 2009: £282m) respectively.
RSA results reveal 9% NWP growth for H1 2010
Insurer RSA’s UK net written premiums increased by 9% year on year to £1.46bn in the first half of 2010 (H1 2009: £1.34bn) according to its latest financial results.
BIS Countdown - innovation: Listening to customers
The relationship between the customer and the market is constantly on the move, says Amanda Blanc, who stresses firms must innovate and evolve or face severe consequences.
Aggregator spend to shift to emerging markets
The success of price comparison sites in the motor insurance market will be replicated in other personal lines, key aggregators have claimed.
Fire claims costs reduced
Insurers have paid out £566m for damage caused by fire in the second half of 2009, statistics from the Association of British Insurers have revealed.
Post Magazine - 5 August 2010
The August 5 edition of Post magazine is now available to subscribers as a digital interactive e-book.
IUA welcomes US financial services reform
The International Underwriting Association of London has stated new US legislation will help London Market companies writing surplus lines business.
Post in print – 5 August 2010
Post reporter Dan Dunkley outlines the main news from this week's issue of Post.
Lloyds Bank PPI sales fall 23% in H1 2010 results
Lloyds Banking Group has reported that profit before tax and fair value unwind from its general insurance increased by 5 per cent to £195m in the first half of 2010, "due primarily to lower claims and reduced operating expenses".
L&G to roll out household TV ads after admitting motor re-entry is on hold
Legal & General has admitted that it has put plans to re-enter the motor market on hold.
Axa CEO: we will remain loyal to UK motor broker market
Axa Insurance's chief executive has pledged a commitment to the intermediated personal lines motor market.
Torus targets London market with new casualty head from Aon
Torus has appointed David Whyman as senior vice president, UK head of casualty, based in London.
Fortis gets FSA go-ahead for Kwik Fit Insurance takeover
Fortis today confirmed that regulatory approval for the purchase of Kwik-Fit Insurance Services has been given by the Financial Services Authority.
Munich Re records €709m profit in Q2 2010
Munich Re has achieved a consolidated profit of €709m (Q2 2009: €697m) in the second quarter of 2010.
Alterra Q2 results see Max net income more than doubled
Alterra Capital Holdings has reported net income of $103.4m for the second quarter of 2010, compared to net income of $43.8m for Max Capital in the same quarter of 2009.
XL CEO bemoans "anemic" pricing as it unveils 2010 Q2 results
XL has reported its operating income was $242.6m in the second quarter of 2010, compared to $291.4m in the second quarter of 2009.
Torus targets London market with new casualty head from Aon
Torus has appointed David Whyman as senior vice president, UK head of casualty, based in London.
Munich Re records €709m profit in Q2 2010
Munich Re has achieved a consolidated profit of €709m (Q2 2009: €697m) in the second quarter of 2010.
QBE: only one in six SMEs looking to hire more staff in 2010
According to new research from QBE Insurance 85% of SME respondents to its latest survey are not looking to hire in 2010.
Moneysupermarket sees insurance reveune increase 9% to £40.6m in H1 2010
Moneysupermarket this morning reported that revenue from its insurance division for the first six months of 2010 increased 9% to £40.6m (H1 2009: £37.1m).
Axa-owned broker Bluefin sees 4% drop in revenue in first half of 2010
Axa-owned broker Bluefin Insurance Group revenues were down 4% to £57m for the first six months of 2010, it reported this morning.