Insurer
QBE Europe profits dip on back of increased claims
The business reported a rise in incurred claims to A$2.01bn (2008: A$1.76bn), whilst its expenses reduced to A$426m (2008: A$483m).
Former Direct Line MD joins Fortis UK board as retail boss
Andy Watson takes up his new role as managing director - retail with immediate effect.
Geneva Association: Insurers not a systemic risk
Insurers and reinsurers do not carry the systemic risks of other financial intuitions, insurance think tank Geneva Association has claimed in its latest report.
Geneva Association: Insurers not a systemic risk
Insurers and reinsurers do not carry the systemic risks of other financial intuitions, insurance think tank Geneva Association has claimed in its latest report.
Markel appoints new Swedish boss
Anne-Sofia Hedin has been appointed general manager of Markel Sweden, which is based in Stockholm and provides insurance products across Nordic countries, the Baltic states and Russia.
Markel appoints new Swedish boss
Anne-Sofia Hedin has been appointed general manager of Markel Sweden, which is based in Stockholm and provides insurance products across Nordic countries, the Baltic states and Russia.
Lloyds GI book hit by £156m rise in claims
The group saw its general insurance profit dip 32% in 2009 to £367m (2008: 537m) and overall insurance arm profit fall 34% to £1.2bn (2008: £1.54bn).
Brit post-tax profits grow 30%
Brit Insurance has announced a post-tax profit of £87.5m for 2009 – an increase of more than 30% on the £66.6m for 2008.
Reinsurance launches the Bermuda Reinsurance Club
The first half day seminar to be held in Bermuda on March 17th
Aegon repays one third of capital back to Government
It saw an underlying earnings before tax of Euro 427m and net income of Euro 393m, due to what it described as improved earnings, realized gains on investments and lower impairments.
ARAG continues recruitment drive
ARAG UK has made three new appointments, including James Morgan, who joins the underwriting team from Alico UK as ATE assistant underwriter.
Bond Pearce appoints new commercial insurance partner
Richard Dedman will join the firm from Barlow Lyde & Gilbert, where he was Senior Partner.
ABI backs government asbestos plans
The Association of British Insurers has backed Justice Secretary Jack Straw’s package of measures for people with asbestos-related diseases.
PwC appoints Islamic finance head
PricewaterhouseCoopers has appointed Takaful expert Mohammad Khan as its new UK Islamic finance leader.
Towers Watson warns against Solvency II recruitment reliance
Professional services company Towers Watson has warned insurers against on an over-reliance on recruitment if they are to convince the Financial Services Authority they are making progress towards Solvency II compliance.
Towers Watson warns against Solvency II recruitment reliance
Professional services company Towers Watson has warned insurers against on an over-reliance on recruitment if they are to convince the Financial Services Authority they are making progress towards Solvency II compliance.
Ansvar appoints new sales director
Ansvar insurance has appointed Richard Lane into the newly created position of sales director.
Thompsons' mixed reaction to government's asbestos decision
Thompsons Solicitors has expressed disappointment at the decision not to restore compensation for people with pleural plaques in England & Wales.
Allianz GI arm reports a drop in 28% drop in operating profit
The two biggest drivers were a decline of 0.6bn euros in operating investment income and an underwriting result which was down 0.7 bn euros.
Allianz GI arm reports a drop in 28% drop in operating profit
The two biggest drivers were a decline of 0.6bn euros in operating investment income and an underwriting result which was down 0.7 bn euros.
Chartis forms captive practice group
Chartis UK has established a captive practice group to assist clients in dealing with current issues in the captive environment.
Asbestos bill reaches Lords committee stage
Baroness Quin’s private members Asbestos Bill – calling for the reinstatement of damages for asbestos-related pleural plaques – will reach the committee stage at the House of Lords next month.
Complaints against insurers revealed
Lloyds TSB Bank received more complaints relating to general insurance than any other financial services company in the second half 2009.
IAG UK profit cut on back of reserve strengthening
The UK business recorded a $24m insurance profit on A$406m of gross written premium for the six months ended 31 December 2009.