Insurer
Lloyds Bank GI profit rises 1% to £372m
Lloyds Banking Group this morning reported that its profit before tax and fair value unwind from general insurance increased by 1 per cent to £372m in 2010.
Brit Insurance CEO heralds performance in "stodgy" market
Brit Insurance has reported a profit before tax excluding the effect of foreign exchange on non-monetary items of £119.2m in 2010 (2009: £171.3m).
Brit Insurance CEO heralds performance in "stodgy" market
Brit Insurance has reported a profit before tax excluding the effect of foreign exchange on non-monetary items of £119.2m in 2010 (2009: £171.3m).
Chartis records $4bn loss in Q4 2010
Chartis reported a fourth quarter operating loss of $4.0bn, due to reserve additions net of discount and loss sensitive premium adjustments of $4.2bn, compared to a loss of $1.8 bn in the fourth quarter of 2009.
Chartis records $4bn loss in Q4 2010
Chartis reported a fourth quarter operating loss of $4.0bn, due to reserve additions net of discount and loss sensitive premium adjustments of $4.2bn, compared to a loss of $1.8 bn in the fourth quarter of 2009.
Moody’s: Allianz results validate Aa3 rating
Ratings agency Moody’s has claimed that Allianz Group’s recent financial results support its decision to grant the insurer an Aa3 insurer financial strength rating.
Ironshore names property SVP
Ironshore has appointed Daniel Owen as senior vice president of its global property builders risk division.
Marsh staff missing following quake
Three broking staff based at Marsh’s Christchurch office are still unaccounted for after the building was destroyed this week in the 6.3 magnitude earthquake.
Halo enters German market
Halo Insurance has launched in the German motor insurance sector after partnering with Chubb.
Halo enters German market
Halo Insurance has launched in the German motor insurance sector after partnering with Chubb.
Cooper Gay hires head of broking for Singapore operation
Cooper Gay has appointed Jeremy Austen as head of broking for its Singapore office.
Aon Benfield CEO retires
Jean-François, who is currently Aon Benfield’s head of analytics, Benelux, is set to replace the present Brussels CEO, Bernard Suys, following his decision to retire in March 2013.
Aon Benfield CEO retires
Jean-François, who is currently Aon Benfield’s head of analytics, Benelux, is set to replace the present Brussels CEO, Bernard Suys, following his decision to retire in March 2013.
RSA reports £80m profit dip at group level
Insurer RSA has announced a group pre-tax profit of £474m for 2010 – down £80m on the figure for 2009.
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
RBS Insurance records £295m loss and 115% COR in 2010
Royal Bank of Scotland Insurance has decribed 2010 as "a disappointing profit year", after reserve strengthening for bodily injury claims and severe weather, resulted in a loss of £295m (2009: £58m profit) and a combined opertaing ratio of 115% (2009:…
RSA bolsters motor reserves and reports UK underwriting loss of £95m
RSA's UK business reported an underwriting loss of £95m (2009: profit of £75m) and a COR of 102.2% (2009: 98.0%) in 2010.
LV profits soar beyond £30m for 2010
LV's general insurance arm has recorded a pre-tax profit of £35m for 2010 – a £33m increase on its prior year performance.
One Answer Network targets continued growth
One Answer Network has targeted gross written premium of £150m by the end of the year after surpassing the 50-member mark this month.
Interview - Paul Evans: Axa's split decision
CEO Paul Evans didn't hang about when it came to splitting Axa UK's personal and commercial businesses - and now he's promising brokers great service, products and relationships, as Jonathan Swift discovers.
No huge rehab code changes
The Association of British Insurers and the International Underwriting Association have ruled out making sweeping changes to the rehabilitation code, after current guidelines received "huge support" from the industry.
Escape of water claims: Trickle becoming a torrent
Escape of water now represents the same proportion of household claims as personal injury does for motor. Kevin Kiernan looks at this growing trend and how it can be addressed.