Insurer
Arch in profits turnaround
Arch reported a turnaround in profits for the fourth quarter of 2009 and for the full year.
Montpelier continues Bermuda's upward trend
Montpelier continued a postive trend for Bermudian (re)insurers by recording a sharp return to profit in its fourth quarter and 2009 results.
Sterling seals L&G HNW deal
Under the terms of the deal L&G advisers will now offer Sterling's executive home Insurance to their high net worth customers.
QBE nabs HSBC underwriter for motor book
QBE European Operations, the specialist business insurer, today announced the appointment of Steve Dickie to the position of motor fleet portfolio manager within QBE’s motor division.
Confused index shows 12.7% rise in 2009
Confused and EMB have launched a new quarterly car insurance price index.
Protect unveils new constitution
Trade association Protect has ratified a change in its constitution widening its full membership beyond credit insurance underwriters for the first time.
Catlin opens Melbourne office
Catlin Group has has expanded its Australian operations by opening a Melbourne office.
Divisional head leaves Lockton
One of Lockton's senior brokers has left the privately-owned broker, sources have told Reinsurance.
View from the top: Value of human capital
Despite signs of rates hardening in some lines of business, plenty of capacity coupled with the wider economic situation are driving the extremely competitive pricing we are seeing today.
Editor's comment: Esure sale is yardstick for personal lines deals
The January sales may not have thrown up much in the way of bargains for those hoping to acquire insurance-related companies. But February is looking like it could prove a more successful month for those seeking a nice little earner at a knockdown price.
Tracker renews police deal
Stolen vehicle recover operator Tracker has signed an exclusive five-year extension on its partnership with the UK Police Force.
Biba: FSCS PPI levy “galling” for brokers
The British Insurance Brokers’ Association has claimed that the Financial Services Compensation Scheme an interim levy of £20m to fund failures involving the sale of payment protection insurance is “galling” for insurance brokers.
Provident rating improves to positive
Standard and Poor's has revised its rating of Provident Insurance based on its proposed sale by GMAC.
Biba responds to FSA fees
The British Insurance Brokers' Association has issued a response to the Financial Services Authority's fees and levies for the next two years.
Accenture expands RM offering
Accenture has launched a global risk management consulting service line to help companies identify, manage and mitigate risks and make greater strategic use of risk data.
Brit appoints chief information officer
Ian Powell has been appointed to the newly created role and will report to cheif operating officer, Malcolm Beane.
Willis reiterates commissions stance
Willis chief executive Joe Plumeri has reaffirmed that the broking giant will not go back on its decision to abolish contingent commission.
Allianz in board shake up
It follows the announcement Dr Gerhard Rupprecht is to retire at the end of the year.
Allianz in board shake up
It follows the announcement Dr Gerhard Rupprecht is to retire at the end of the year.
Blackham returns to broking market with Howden
In this new role, Howden said the co-founder and former CEO of Layton Blackham and Bluefin will provide support and guidance to help it definine and execute its strategy for continued growth, particularly in the development of the UK market.
Kwik Fit looks to dispose of insurance business
According to a reports the company has hired bankers at Credit Suisse to carry out a review of Kwik-Fit Financial Services, which employs more than 1000 people.
US winter storms estimated to cost $2bn
Catastrophe risk modeling firm Eqecat said Friday afternoon (eastern time) that it estimates insured losses resulting from two February winter storms in the eastern United States will exceed $2bn, based on a preliminary assessment.
Nine in ten customers “satisfied” with motor claims service
Almost 90% of claimants are satisfied with their motor insurance claims service, new research has revealed.
Groupama raids Arista for commercial underwriting boss
Groupama has appointed Arista regional underwriting manager Dawn Dillaway as its first head of commercial underwriting.