Insurer
Munich Re Q1 profits rise
Munich Re has reported a quarterly profit of €485m up from €437m in Q1 2009 due to large gains from the disposal of investments but natural catastrophe costs “unusually high.”
IAM Drive and Citroen sign for Arsenal
IAM Drive & Survive and Citroen have agreed to provide an advanced driver training programme to the young players of Premier League giants Arsenal.
Munich Re Q1 profits rise
Munich Re has reported a quarterly profit of €485m up from €437m in Q1 2009 due to large gains from the disposal of investments but natural catastrophe costs “unusually high.”
Chaucer expecting $25m oil spill hit
Lloyd’s insurance group Chaucer has estimated losses of $25m (£16.9m) to Syndicate 1084 due to the explosion of the Deepwater Horizon oil platform in the Gulf of Mexico.
RBSI records COR of 113.3% in Q1 2010
Royal Bank of Scotland Insurance has reported a combined operating ratio, including business services costs, of 113.3% for the first quarter of 2010 compared with 101.5% in Q1 2009.
Catlin confident Deepwater and Chile quake will have positive impact on pricing
Catlin this morning reported gross premiums written increased by 9% to US$1.3bn during the three month period ended 31 March 2010. Using constant exchange rates, gross premiums written rose by 5%.
Catlin confident Deepwater and Chile quake will have positive impact on pricing
Catlin this morning reported gross premiums written increased by 9% to US$1.3bn during the three month period ended 31 March 2010. Using constant exchange rates, gross premiums written rose by 5%.
Chartis' Marr appointed IFB director
The Insurance Fraud Bureau has named Chartis vice president of financial crime Glen Marr as its new director.
Mapfre and Banco Do Brasil agree link-up
Spanish insurer Mapfre has formed a strategic alliance with financial institution Banco Do Brasil to form one of the largest insurance groups in the South American country.
Axa appoints new procurement boss
Régine Lucas has been appointed executive vice-president, procurement for the Axa Group.
Mapfre and Banco Do Brasil agree link-up
Spanish insurer Mapfre has formed a strategic alliance with financial institution Banco Do Brasil to form one of the largest insurance groups in the South American country.
Post Magazine - 06 May 2010
Subscribers to Post can now read the latest edition online as a digital interative e-book.
Axa appoints new procurement boss
Régine Lucas has been appointed executive vice-president, procurement for the Axa Group.
US insurance giant Chubb set to enter Lloyd's with new syndicate
Almost a decade after its failed bid for Lloyd’s insurer Hiscox US insurance giant Chubb has become the latest corporate player to bid for Lloyd’s entry.
Axa UK motor book grows 31%
Axa has reported that property & casualty revenues were stable at $9.24bn (£7.83bn) compared to the first quarter of 2009 ($9.1bn).
Birmingham institute appoints president
Peter Maskell has become the first person to be appointed president of the Birmingham Insurance Institute for a second term since 1937.
Axa UK motor book grows 31%
Axa has reported that property & casualty revenues were stable at $9.24bn (£7.83bn) compared to the first quarter of 2009 ($9.1bn).
Markel reports Q1 results upswing
Markel reported net comprehensive income of $134.5m for the quarter compared to a loss of $2m for the first quarter of 2009.
Zurich reports increased first quarter profits despite high volume of weather and catastrophe-driven events
Zurich has reported a business operating profit of $1.3 bn (£864m), an increase of 19%.
Brit reports GWP fall after declining business
Brit Insurance has reported gross written premium of £483.5m for the first quarter of 2010 – almost 10% down on last year’s £557.6m after turning its back on "inadequately priced business".
Sean Quinn stands down from the board of Quinn Group
Sean Quinn has today announced that he, along with his wife Patricia, have decided to stand down from the board of Quinn Group.
RSA reports premium rise of 5%
RSA has reported that net written premiums rose 5% to £1.9bn in the first quarter of 2010.
APC combines estate agent products
Underwriting agency APC has combined its specialist estate and letting agents products into one cover.
RSA reports premium rise of 5%
RSA has reported that net written premiums rose 5% to £1.9bn in the first quarter of 2010.