Insurer
Coface premiums up 3.1% after strong Apac and Latam growth
Credit insurer Coface posted a 6.6% rise in net profit (excluding restructuring costs) to €129m in the first full year results since its re-brand.
Coface profits boosted by emerging markets growth
Credit insurer Coface Group has seen its full year profits bolstered by emerging markets performance, with net profits up 6.6% to €129m.
Insurer Arrow visits up 38% in 2012
Intensive regulatory inspections of insurers increased 38% last year according to figures from law firm Reynolds Porter Chamberlain.
Thomas Miller boosts Asia Pacific office
Andrew Jones will become CEO of Thomas Miller (Asia Pacific), which manages mutuals, from the beginning of April.
China IPO approvals still awaiting timetable
The China Securities Regulatory Commission has yet to set a timetable for resuming IPO approvals, scotching rumours that it would start pushing through new candidates in April, an official from the securities watchdog told Xinhua news agency.
Aviva to post £3bn+ loss: reports
Aviva could be set to post a full year loss of more than £3bn, according to reports in the Sunday Times.
Amlin returns to gross profit after £141m Sandy claims
Amlin has posted a pre-tax profit of £262.2m for the year ending 31 December, swinging into profit after a £193m loss in 2011.
Hong Kong targets captives
The Hong Kong government is to implement a 50% profits tax reduction on captive insurers' offshore insurance business.
New India targets 55 000 more agents
New India Assurance wants to more than double its agency base in India and will open three more offices overseas.
Mass considering options following RTA ruling
The Motor Accident Solicitors Society will mull over its next steps following the rejection of its judicial review into the consultation on fixed fees in the Road Traffic Accident Portal.
ABI backs "common sense" RTA portal ruling
The Association of British Insurers has backed the High Court’s decision to reject a judicial review of the Road Traffic Accident personal injury scheme.
PZU plans to cut 630 jobs as part of restructure
Polish insurer PZU expects to cut 630 jobs as part of its restructuring plans.
Hastings relaunches TV marketing campaign
Hastings Direct has created three new 30 second adverts based on a new strapline: “refreshingly straightforward insurance.”
LV criticises RTA portal legal challenge
LV has criticised the two claimant lawyers’ representative bodies challenging the extension of the road traffic accident portal and the capping of legal fees.
IFB boosts fraud fight with new member
Car and van insurance provider Octagon Insurance has become the latest organisation to sign up as a member of the Insurance Fraud Bureau.
The Broker Business Club: Meeting of minds
Insurance Age has once again teamed up with Zurich Insurance to hold a series of Broker Business Clubs where some of the most influential insurers, brokers and stakeholders address and tackle the issues that matter to the modern insurance market. The…
The Broker Business Club: At your leisure
The most recent edition in our series of Broker Business Club roundtable discussions, in association with Zurich, took place in London in July. Our panel discussed the opportunities and threats within the highly specialised leisure market.
The Broker Business Club: Food for thought
The latest in our series of Broker Business Clubs in association with Zurich, took place in Belfast where the panellists discussed the food and beverage sector and the pressures, strains and opportunities that existed within it.
Lancashire leads pack with "thumping" 2012 result
Lancashire’s 2012 results place it “firmly at the front of its peers in terms of underwriting delivery and return of capital”.
Post Blog: Battling back
Made redundant form his role at HSBC Insurance Brokers after being diagnosed with Chronic Fatigue Syndrome, Nick Thomas returned to the market last year at the helm of a new company. Thomas caught up with Post to talk about his tumultuous last decade.
Chesnara appoints non-executive director
Mike Evans has been named as a non-executive director of Chesnara with affect from 4 March 2013.
Finance Ministry approves bancassurance in India
The 2013/14 Indian Budget has confirmed banks will be able to sell insurance in India and has also given insurers the ability to open up quickly in smaller towns.
ING gains $1.24bn from sale of Asian businesses
ING has completed the sale of its Hong Kong, Macau and Thailand insurance businesses to Pacific Century Group for $2.14bn (€1.64bn).
DLG results “good progress” for 2014 commercial underwriting profit
A £2.2m operating profit for commercial lines has satisfied Direct Line Group’s management that the segment is closing in on a targeted underwriting profit in 2014.