Insurer
Solicitors face new PI risks in alternative business structure firms
Lawyers who “dabble” with multi-disciplinary practices once restrictions of trading are lifted in October face professional indemnity claims, Brit Insurance has warned.
Insurers paid and collected £10.4bn in tax
Insurers paid £10.4bn to the UK Exchequer last year – more than before the recession - figures from the Association of British Insurers and PWC have revealed.
Japanese insurer expands into Europe with Dutch acquisition
Nipponkoa Insurance Co has reached an agreement with Ethias NV to acquire all of the shares of the Dutch underwriting agency Nateus Nederland BV.
ACI helps Amlin France GWP double but group reports £192.3m loss
Amlin France doubled its gross written premiums for the first half of 2011 compared to 2010, but over the group reported losses of £192.3m before tax (H1 2010: £107m profit).
MMA launches motor trade combined cover
MMA Insurance is bucking the trend of insurer cutting capacity and shrinking their motor trade books by expanding its range with the introduction of a motor trade combined product.
Irish Wrightway puts renewals on EDI
Irish underwriting agency Wrightway is converting all of its manual motor policies to full cycle EDI on Open GI removing the need for paper transactions on renewals.
Confidence hit by claims and uncertainties
The latest ICAEW/Grant Thornton UK Business Confidence Monitor shows that a year of catastrophic losses, on-going soft pricing and regulatory uncertainty has hit insurance industry confidence hard.
Amlin posts £192.3m loss
Lloyd’s insurer Amlin blamed catastrophe claims of £314.3m (H1 20010 £127.1m) that added 34 percentage points to its combined ratio for a pre-tax loss of £192.3m (H1 2010: profit of £107.6m).
RBSI recruits motor commercial director
RBS Insurance has appointed Gus Park as motor commercial director.
Shareholders back Lancashire UK move
At a special general meeting yesterday shareholders of Lancashire approved the company’s plans to shift its tax residence to the UK from Bermuda.
Post Blog: Compliance management - a technological solution
Insurance providers today have to comply with a mountain of regulations spanning different geographic regions, business sectors and service levels.
Zurich Global Corporate appoints COO for North America
Zurich Global Corporate has named Sabrina Hart chief operating officer for Global Corporate in North America (GCiNA).
Charles Taylor Consulting releases interim results
Charles Taylor Consulting has released its interim results for the first six months of 2011.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on the effect of climate change on property and an interview with a UK broker which has succeeded in France.
Collinson targets wholesale expansion with new appointment
Collinson Insurance Group today revealed the appointment of incoming wholesale sales and strategy director Steve Scott as part of the next stage of the firm’s commitment towards wholesale expansion.
Short selling poll results
Find out what the market voted for on banning short selling across Europe.
October court date set for Quinn sale objections
Any policy holders or other interested parties opposed to the imminent sale of Quinn Insurance will have the chance to raise their concerns at a court hearing on 4 October, according to the Irish Independent.
Cutting down on carbon – mitigating the effects of climate change.
Climate has a profound impact on property-related assets and as scientific evidence of a change in climate becomes more compelling Dr Cliff Warman asks how prepared the European insurance industry is now and for the future.
QBE eyes European acquisitions despite drop in COR for H1 results
Australian insurer QBE has confirmed it is interested in mainland European acquisitions as it reveals its first half results.
Cat claims push QBE COR out to 95.7%
QBE has reported gross written premiums up by 30% to $8.9bn (£5.4bn) for its 2011 half year results.
Flash floods hit Dorset
A spokeswoman for loss adjusters Cunningham Lindsey, told Post that some “isolated incidents of flooding” in the Dorset area had been reported at its Solent office, with some areas reaching “a couple of feet” of water.
Fitch affirms Mapfre at 'A+' with a stable outlook
Fitch Ratings has affirmed the Spanish insurer Mapfre SA and its core operating subsidiaries' insurer financial strength ratings at 'A+' and Mapfre's long-term issuer default rating at 'A-'.
Law Society launches helpline for riot victims
The Law Society has launched a dedicated telephone helpline to direct the victims of the riots to free legal advice.
Financial services firms expect to grow
Financial services companies with annual revenues of up to £20m expect to increase their turnover by an average of 108% in the next five years, according to Santander Corporate Banking.