Insurer
Sterling to offer exclusivity
Sterling Insurance has allocated capacity of £12.5m estimated maximum loss to its new executive business offering.
MIB reduces levy on insurers for third year
The Motor Insurers' Bureau has introduced an annual levy on motor insurers of £397m for 2010, marking the third reduction in contributions to the fund of last resort in three years.
Axa MGA stance leads to 13% cut in volumes
Axa Insurance's strategy of lifting rates and exiting relationships with managing general agents has led to a 13% reduction in volume in its commercial lines book over the course of 2009.
Risk trio joins forces to improve ERM discipline
Eight years after publishing their first collaborative standard, the UK's three main risk management bodies have joined forces once again to co-author a new, free practical guide on enterprise risk management.
Swinton targets at least 30 broker deals in 2010
Swinton has revealed it is targeting at least 30 acquisitions in 2010, after purchasing the personal lines business of CBG Insurance Brokers.
Quinn to appeal High Court ruling over information access
Quinn Direct is to appeal a High Court judgment from October 2009, which it claims relates to issues "central to the rights of insurers".
Allianz mulls online-only plan for direct personal business
Allianz Insurance is considering remodelling its Cornhill Direct business into an online- only provider.
Endurance's top shareholder wants merger
Endurance has been told that it should consider a merger with one of its (re)insurance rivals, one of the company's largest shareholders has told the company's management.
Pick of the week
Post reporter Amy Ellis outlines some of the major stories from this week's issue of Post Magazine.
MIAB launches new locum product
The Medical Insurance Bureau has launched the Permanent Locum Plan to be underwritten by protection specialist insurer Pioneer.
Spanish insurance industry suffers under weight of recession
Spanish insurers will continue to see their profitability squeezed as a result of the tough economic environment, according to Moody’s.
Spanish insurance industry suffers under weight of recession
Spanish insurers will continue to see their profitability squeezed as a result of the tough economic environment, according to Moody’s.
CNP's profits exceed €1bn
Premium income outside France surges 93.4% to €6.3 bn (up 65.8% under French GAAP) led by CNP Vita in Italy, Caixa Seguros in Brazil and CNP Vida in Spain.
IGI awarded third consecutive IIP accolade
IGI Legal Assist has successfully met the accreditation for the Investors in People mark for the third consecutive time.
HCC net earnings up $13.2m for Q4 2009
HCC Insurance holdings has announced its earnings for the fourth quarter and full year 2009, which ended December 31.
Lloyd’s named UK’s strongest insurance brand
Specialist insurance market Lloyd’s has been named as the UK’s top insurance brand.
Lloyd’s named UK’s strongest insurance brand
Specialist insurance market Lloyd’s has been named as the UK’s top insurance brand.
Barrie & Hibbert seal Dexia Insurance ESG deal
Belgian company Dexia Insurance has appointed Barrie & Hibbert to provide an Economic Scenario Generator to assist in its Solvency II compliance and MCEV calculations.
Barrie & Hibbert seal Dexia Insurance ESG deal
Belgian company Dexia Insurance has appointed Barrie & Hibbert to provide an Economic Scenario Generator to assist in its Solvency II compliance and MCEV calculations.
Moneysupermarket sees insurance transactions fall 14% in 2008
However, insurance made up 55% of the revenue (£75.7m), compared to 44% in 2008 despite a slight drop from £77.7m that year.
Senior executive leaves Allied World
One of Allied World's senior international property underwriters has left the Bermudian (re)insurer, Reinsurance has learned.
Markerstudy completes Zenith deal
Markerstudy Holdings has completed the purchase of Zenith Insurance incorporating Link Underwriting Agency and GHL Insurance Services, after receiving approval from the Financial Services Authority.
HSBC insurance boss to step down
Clive Bannister will be replaced by Asia boss David Fried, according to Reuters.
HSBC insurance boss to step down
Clive Bannister will be replaced by Asia boss David Fried, according to Reuters.