Insurer
Corporate bond market to "triumph"
Legal & General has advised investors to keep an eye on the corporate bond market in 2011.
Post Magazine – 10 February 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
AIG to strengthen Chartis balance sheet by $4.1bn after loss reserve review
Following completion of its annual comprehensive loss reserve review, AIG said today it expects to record a $4.1bn charge, net of $446m in discount and loss sensitive business premium adjustments, for the fourth quarter of 2010 to strengthen loss…
Insurer scoffs at ABI gender ruling warning – Insurance News Now – 10 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories, including the refusal of specialist female insurer Shelia’s Wheels to accept the Association of British Insurers’ suggestion that it could potentially have to re…
Insurer scoffs at ABI gender ruling warning – Insurance News Now – 10 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories, including the refusal of specialist female insurer Shelia’s Wheels to accept the Association of British Insurers’ suggestion that it could potentially have to re…
Phil Bird departs Groupama after claims shake up
Groupama Insurances has announced that it has restructured its claims organisation to "ensure it is more closely aligned with the company's business divisions".
Xchanging predicts year-on-year fall in 2011 profit
Xchanging chief executive and founder David Andrews has stepped down from the role of chief executive with immediate effect.
Xchanging predicts year-on-year fall in 2011 profit
Xchanging chief executive and founder David Andrews has stepped down from the role of chief executive with immediate effect.
Powerplace hit by Reed departure
Towergate-owned trading platform Powerplace has confirmed the departure of chief executive Matthew Reed.
Novae finalises run-off closures
In an announcement to the London Stock Exchange, Novae has confirmed it has closed two of its run-off syndicates, while predicting its pre-tax profit for 2010 will reach at least £34m.
Councils claim Supreme Court victory
The Supreme Court has found unanimously in favour of Harrow in the RMP v Brent/Harrow case.
XL GWP flat as underwriting income falls
Property and Casualty insurer XL has recorded a combined operating ratio of 94.8% for 2010 (2009: 93.6%), while announcing it has received approval to offer insurance in China.
Jubilee enters terrorism market
Jubilee Managing Agency has entered the terrorism market after employing Marcus Ripley, a former Hardy underwriter.
Recession causes decrease in car sales in European countries
New research from Finaccord, a market research consultancy specialising in financial services, casts light on dynamics in the market for automotive finance and leasing for consumers in Europe.
Recession causes decrease in car sales in European countries
New research from Finaccord, a market research consultancy specialising in financial services, casts light on dynamics in the market for automotive finance and leasing for consumers in Europe.
Whittington makes personnel change in Singapore
Whittington Group has promoted Ross Bundey, group general counsel, to the position of director of the Group’s holding company, Whittington Group Pte Ltd.
ABI: winter freeze cost insurers £1.4bn
The ABI has stated that total costs for motor and home claims reached £1.4bn during 24 November to 31 December 2010, as the “big freeze” swept across the UK.
Terra Firma confirms Chaucer interest
Private Equity giant Terra Firma has confirmed a potential bid for Lloyd’s of London insurer Chaucer’s entire issued share capital.
Electrical Contractors’ Insurance creates new affinity division
Following the acquisition of Brand Risks Group in September 2008, Electrical Contractors’ Insurance Services has announced that the Brand Risks businesses are now being integrated into ECIS and will become the basis for the formation of a new affinity…
Tawa targets US growth
Risk capital and insurance services provider Tawa has outlined plans to increase its investment in the US marketplace.
Brightside swoops for Quote Exchange
Brightside Group has agreed to purchase the entire issued share capital of Quote Exchange Limited for a maximum consideration of £3.7m in cash and the issue of 1,394,700 ordinary shares in Brightside
Risk management salaries up says Mercer
Salaries for risk management roles in financial services organisations are increasing as the sector responds to regulatory guidance, according to data issued by Mercer.
Risk management salaries up says Mercer
Salaries for risk management roles in financial services organisations are increasing as the sector responds to regulatory guidance, according to data issued by Mercer.
Aspen insurance division makes $23.6m underwriting loss in 2010
Aspen's insurance segment has made an underwriting loss of $23.6m in 2010, compared with an underwriting profit of $13.9m in 2009.