Insurer
First Assist secures ASU deal with Tenet
FirstAssist Insurance Services has been appointed by Tenet LIME, to provide a full suite of accident, sickness and unemployment products and services to its 1100 members.
Chaucer names new head of e-commerce
Chaucer Insurance has appointed Ken Hutchinson as its new head of e-commerce.
European insurers must rebuild capital
As insurance companies wait for the world economy to slowly recover, they must work to rebuild capital, reassess risk management, integrate changing regulations and aggressively seize opportunities for growth, both via acquisition and new product…
European insurers must rebuild capital
As insurance companies wait for the world economy to slowly recover, they must work to rebuild capital, reassess risk management, integrate changing regulations and aggressively seize opportunities for growth, both via acquisition and new product…
Allied World reports record 2009 profits
Allied World reported said that net income for the year ended December 31, 2009 was a record $606.9m, or $11.67 per diluted share, compared to net income of $183.6m, or $3.59 per diluted share, for the year ended December 31, 2008.
Paris Re CEO leaves as PartnerRe cleans house
Paris Re CEO Hans-Peter Gerhardt has left the company in a clean-out of senior staff by Partner Re following last year's takeover by the Bermudian (re)insurer.
Axis grabs senior staff from GCube to start renewable energy team
Axis Capital has started a renewable energy insurance team, the company said in a statement.
Go Compare strikes web deal
Price comparison site Go Compare is using Gomez to provide web performance monitoring solutions to support the performance and availability of its website.
TUC supports EL database proposals
The Trades Union Congress has welcomed the government moves to open a consultation on the setting up of an employers’ liability insurance bureau.
Post Magazine 11 February 2010
This issue featured a write up of Post's recent Claims Club meeting; an interview with Towergate's Amanda Blanc; spotlights on the Financial Services Bill, the public sector, Solvency 2 and Takaful along with all the major news from the general insurance…
PE firm outlines Esure MBO involvement
Electra Partners has issued a statement regarding its £30m investment in Peter Wood’s buyout of Esure from Lloyds Banking Group.
Allianz steps up consumer intelligence
Allianz has selected Callcredit Marketing Solutions as its data supplier, to support its long-term pricing and marketing strategy following a tender.
Lloyds sells Esure stake to founder Peter Wood for £185m
Lloyds Banking Group has sold its 70% stake in esure, the online insurer, to a management buyout vehicle to be called Esure Group Holdings, led by Esure chairman Peter Wood, for a cash consideration slightly in excess of book value in the Lloyds Banking…
Select & Protect extends Tenet deal
Select & Protect has broadened its relationship with the Tenet Group by partnering with Tenet Supports Services and Premier Partnership to offer members its full range of general insurance products.
Seel named pet committee chairman
David Seel, managing director of Capita Insurance's pet insurance arm Thornside has been appointed chairman of the Association of British Insurers’ Pet Insurance Committee.
Ace adds to property division
Ace European Group has appointed Marsh Risk Consulting senior consultant Irmran Malhi as account engineer for its property business.
GMAC confirms motor insurer Provident is up for sale
Staff at the Halifax-based insurer were briefed on the sale on 4 February by senior management.
Catlin boasts of record profit
The Lloyd's insurer saw a 12% increase in gross premiums written to US$3.7bn on constant currency basis; and an 8% increase on a reported basis (2008: US$3.4bn) and recorded a 89% combined ratio (2008: 95%).
Beazley sets up M&A team
Lloyd's insurer appoints John McNally to head a new team in London focusing on insuring the contingent risks that can otherwise impede merger and acquisition transactions.
Allstate in earnings turnaround
Allstate said that fourth quarter and yearly net income jumped.
Everest Re shrugs off 2008 with strong 2009
Everest Re shrugged off a horrible 2008 to rebound strongly in 2009.
Partner Re's net income rises to $1.5bn
PartnerRe reported net income was $1.5bn, or $23.51 per share, up from $46.6m, or $0.22 per share in 2008.
Transatlantic Re's earnings climb
Transatlantic Re becaome the latest US insurer to report improved earnings.