Insurer
RBSI cuts are needed to keep up with others
The past seven days have seen two telling announcements from Royal Bank of Scotland Insurance.
Curtain falls on Quinn PI book
Quinn Insurance will not reopen its professional indemnity business in the UK despite the likelihood it will recommence underwriting other commercial lines.
Internal benchmarking - the dangers
The dangers of internal benchmarking were illustrated by insurance group editor-in-chief, and chair of the event, Ant Gould, with an anecdote from his own professional past.
Generali sees GI profit reduced by 25.4% in Q1
Italian insurance giant has recorded a non-life combined ratio of 98% in quarter one 2010 (96.3% 1Q09; 99.5% 4Q09) after an increase in catastrophic events.
Ageas records loss in quarter one
Ageas today reported a 20% increase in premium over the first quarter of 2010 to EUR 5bn when compared with Q1 2009.
Aviva signs three year deal with trade union
Aviva France has signed a three-year agreement on the employment of older people.
Lloyd's motor insurer KGM put up for sale by parent company
Lloyd's motor insurer KGM has been put up for sale by its parent Gibraltar-based Perseverance.
Post Magazine - 13 May 2010
Subscribers to Post can now read the latest edition online as a digital interative e-book.
Generali sees GI profit reduced by 25.4% in Q1
Italian insurance giant has recorded a non-life combined ratio of 98% in quarter one 2010 (96.3% 1Q09; 99.5% 4Q09) after an increase in catastrophic events.
Ageas records loss in quarter one
Ageas today reported a 20% increase in premium over the first quarter of 2010 to EUR 5bn when compared with Q1 2009.
Aviva signs three year deal with trade union
Aviva France has signed a three-year agreement on the employment of older people.
Con-Libs: Bank of England regulatory plan to be brought forward
The coalition agreement announced today by the Conservatives and Liberal Democrats outlines plans to bring forward the objective of giving more power to the Bank of England. However, it makes no mention of the Financial Services Authority.
PZU share prices soar on first day’s trading
The share prices in Polish insurer PZU rose 13% on their first day of trading in Warsaw, Bloomberg has reported.
PZU share prices soar on first day’s trading
The share prices in Polish insurer PZU rose 13% on their first day of trading in Warsaw, Bloomberg has reported.
Lib Dem set for climate change role in Cameron's cabinet
Liberal Democrat MP Chris Huhne is poised to become energy and climate change secretary, according to reports.
Post in print - 13 May 2010
Post deputy editor Lynn Rouse provides a quick snapshot of the major news from tomorrow's issue of Post including KGM Motor up for sale, Marsh opens network arm, Quinn update, new adjusting venture and broker sets up captive.
FSB welcomes Con-Lib pact plans on CGT and personal tax
Business leaders have welcomed the agreement between the Conservative and Liberal Democrat parties to form the next Government.
Towers Watson results hit by heavy merger costs
Net income falls $32m from the third quarter of 2009 due to transaction and integration costs from the merger.
Pru and AIG in talks on restructuring AIA sale
AIG and Prudential are in advanced talks to restructure the $35.5bn sale of AIA, the AIG’s Asian unit, in a move that would cut the cash consideration by about $2bn but could answer UK regulators’ last-minute objections to the deal according to the…
FSB welcomes Con-Lib pact plans on CGT and personal tax
Business leaders have welcomed the agreement between the Conservative and Liberal Democrat parties to form the next Government.
AIG approves $380m bonuses in 2010
AIG has approved a plan to award executives $380m based on their performance according to newswire Bloomberg.
QBE to partner with rugby stars at this years Biba conference
QBE are joining with Guinness premiership players to welcome brokers to their rugby-themed stand at this years BIBA conference.
Penny Black's insurance week
Penny was amused to see a video on the MCE Insurance webpage featuring none other than TV adventurer Charlie Boorman fraternising with the broker's mascot Big Ed at the London Motorcycle show at Excel.