Insurer
XL CEO bemoans "anemic" pricing as it unveils 2010 Q2 results
XL has reported its operating income was $242.6m in the second quarter of 2010, compared to $291.4m in the second quarter of 2009.
Torus targets London market with new casualty head from Aon
Torus has appointed David Whyman as senior vice president, UK head of casualty, based in London.
Munich Re records €709m profit in Q2 2010
Munich Re has achieved a consolidated profit of €709m (Q2 2009: €697m) in the second quarter of 2010.
QBE: only one in six SMEs looking to hire more staff in 2010
According to new research from QBE Insurance 85% of SME respondents to its latest survey are not looking to hire in 2010.
Moneysupermarket sees insurance reveune increase 9% to £40.6m in H1 2010
Moneysupermarket this morning reported that revenue from its insurance division for the first six months of 2010 increased 9% to £40.6m (H1 2009: £37.1m).
Axa-owned broker Bluefin sees 4% drop in revenue in first half of 2010
Axa-owned broker Bluefin Insurance Group revenues were down 4% to £57m for the first six months of 2010, it reported this morning.
L&G H1 2010 result reveals £14m general insurance profit
This morning Legal & General reported a £14m general insurance profit for the six months to 30 June 2010 (H1 2009: £6m). £11m of this was attributable to its household book.
Axa 2010 H1 results show 18% GI profit fall
Axa's general insurance and healthcare underlying earnings in the UK and Ireland decreased by 18% to £63m for the first six months of 2010 (H1 2009: £77m). Axa said this was mainly due to the favourable prior year reserve development which benefited H1…
Postscript - 30 years ago: P&I club braced for record loss
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Axa UK CEO Moreau to leave for top job in France
Axa has confirmed long standing speculation that its UK CEO Nicolas Moreau is to leave his role and become CEO of Axa France.
Career development & CSR news: £5000 raised by runners
David Fowkes put on his running shoes to take part in the Birmingham Insurance Institute annual run for charity, and raised the highest amount of any individual.
Career development & CSR news - CII: complete overhaul of skills landscape needed
The Chartered Insurance Institute has claimed that the UK's "entire skills landscape" must be overhauled if the country is to compete with other global economies.
Career development & CSR news: Profit through innovation
Recently released official figures, which revealed our economy grew by 1.1% in the second quarter of this year, left economists and business leaders both surprised and relieved. While this is a welcome development, no one should breathe a sigh of relief…
Broker focus - exit options: Feathering the nest
Finding a favourable exit during the economic downturn has proved tricky for broker owners. Leigh Jackson reports on how the tide may be turning for those looking to sell.
View from the top: Looking for opportunities
In my regular discussions with clients, I am constantly impressed by the innovative ways in which they are meeting the challenge of growing their business, not just in the current financial climate, but in facing the radical economic shift that lies…
News analysis - NIG withdrawal: NIG: a very personal exit
The announcement of the proposed closure of NIG's personal lines business last week has raised a host of questions.
Brit CEO: shareholders are key, not my own future
Brit Insurance has boosted profits and reduced its overall book, in what is expected to be its last set of results before its sale to Apollo Management.
RSA on track to double book
Mark Christer, managing director of More Than, has taken over RSA's global renewable energy book.
Editor's comment: Can NIG win back trust?
The news of NIG's proposed withdrawal from the personal lines market has caused considerable discussion this week both on the Post website and in the magazine.
Insurers urged to join IASB debate
European insurers have been urged to keep down their own costs by implementing the long-awaited International Accounting Standards Board's common reporting framework into their Solvency II plans.
Allianz claims industry first with dedicated liability fraud team
Allianz Insurance is on course to make casualty insurance fraud savings of more than £10m, after setting up a specialist fraud team.
Insurers signal motor rate rises are coming
More insurers are expected to take a close look at their personal lines motor book, following the news that loss-making NIG has drawn up a proposal to exit the business.
PL brokers defiant over demise of NIG motor
Brokers have responded defiantly to any demise of NIG's personal lines motor book, insisting there is sufficient appetite to fill the void left by the insurer.