Insurer
Amlin retains AM Best rating
AM Best has commented that the ratings of Amlin and its operating subsidiaries are unchanged.
Max Capital net income down $8.1m
Max Capital has reported net income of $36.4m for the first quarter, compared to net income of $44.5m for the first quarter of 2009.
Torus appoints construction underwriter
Global specialty insurer Torus has named Marina Moore as senior offshore construction underwriter.
Amlin retains AM Best rating
AM Best has commented that the ratings of Amlin and its operating subsidiaries are unchanged.
Post in print - 06 May 2010
Post news editor Mairi MacDonald provides a quick overview of this week's news, which includes, problems for the new government as it faces rehab lobby over lack of plans; Fortis and RBSI hailing the RTA portal link up success; Coverzones shutting shop…
Gulf explosion: Losses mounting up
Losses from the explosion of BP's Deepwater Horizon Platform are expected to be among the largest seen by the energy insurance market.
RSA wins Tesco pet insurance deal
Tesco Bank has partnered with RSA to provide underwriting and claims management for Tesco pet insurance in the UK.
Helphire spurns 'unprofitable' renewals as it cuts debt by £20m
Credit hire firm Helphire today said that it is rejecting business as it seeks to renew only accounts that are profitable going forward.
Amlin set to establish Swiss reinsurer
Amlin is to establish a reinsurance company in Switzerland to provide European reinsurance buyers with Amlin`s first-class security and service delivery.
Lancashire suffers Q1 profit slide
Speciality underwriter Lancashire holdings has reported net post tax profit of $8.2m (£5.4m) for the first quarter of 2010 – a fall of almost 80% on $40.7m profit of Q1 2009, partially impacted by the Deepwater Horizon incident.
XL reports 100.5% combined ratio
XL Capital's property & casualty business has reported a 100.5% (Q1 2009: 92.1%)combined ratio in the first quarter of 2010.
Biba 2010 Countdown: At the fringe
This year's British Insurance Brokers' Association Conference will feature a number of fringe sessions for the first time. Chris Hanks explains what his firm will be doing.
Amlin set to establish Swiss reinsurer
Amlin is to establish a reinsurance company in Switzerland to provide European reinsurance buyers with Amlin`s first-class security and service delivery.
XL reports 100.5% combined ratio
XL Capital's property & casualty business has reported a 100.5% (Q1 2009: 92.1%)combined ratio in the first quarter of 2010.
EC to delay Solvency II implementation to coincide with financial years
The European Commission is set to delay the implementation of the Solvency II directive by two months for accounting purposes.
Coverzones backer MMA "saddened" by its closure
MMA-backed commercial insurance aggregator Coverzones has shut up shop less than two years after it commenced trading in June 2008.
EC to delay Solvency II implementation to coincide with financial years
The European Commission is set to delay the implementation of the Solvency II directive by two months for accounting purposes.
ABI estimates £62m payout from volcanic ash disruption
The Association of British Insurers has said that the cost of volcanic ash disruption to travel insurers between the 15 – 21 April is likely to reach £62m.
Insurance launched for misfuelling drivers
Complectus has developed a new ‘Misfuelling Insurance’ product with Axa Assistance to get drivers back on the road in the event they misfuel their vehicle.
Lloyds to build on HBoS ties with new long term agreement
Lloyds Banking Group has appointed Munters MCS to provide property damage restoration services for its domestic insurance customers in a long term agreement.
CEA boss outlines concerns to Commission public hearing
The CEA, the European insurance and reinsurance federation, today reiterated its support for the EU’s new Solvency II regulatory regime but called for more work to be done on the Level 2 measures that will put the flesh on the bones of the Framework…
Over fifties insurance provider to recruit 70 for new base
Over fifties insurance provider Staysure is aiming to double its turnover in 12 months with a new base.
CEA boss outlines concerns to Commission public hearing
The CEA, the European insurance and reinsurance federation, today reiterated its support for the EU’s new Solvency II regulatory regime but called for more work to be done on the Level 2 measures that will put the flesh on the bones of the Framework…