Insurer
Post has gone digital
Post Magazine has invested in a new digital, interactive version of the weekly magazine for its subscribers.
Post Magazine 29 April 2010
Highlights from this week’s digital and interactive issue of Post include Jonathan Swift’s interview with Mike Webb, EMEA regional director at Modial Assistance, to try and find out more about the impact of Eyjafjallajökull, and how it will impact on the…
CFC reports 28% rise in gross premium income
CFC has announced a 28% rise in gross premium income on 2008, taking it to £29.8 million. The specialist lines underwriting agency also revealed operating profit increased by 41% to £2.39 million.
Novae gross premiums up 48% in first quarter
(Re)insurer Novae, says its gross written premium for the first three months of 2010 hit £167.2m, up 48% on last year's £113.1m.
Ace Q1 net income up 33%
Ace has reported its net income is up in Q1, but its combined ratio has also risen following heavy catastrophe losses.
Halo partners with Keychoice Network to launch car hire insurance product
Halo Insurance has partnered with Keychoice Network to access its 890 membership base as it looks to deliver a car hire insurance product to independent intermediaries.
Argent founder set to leave rehab firm
Argent Rehabilitation founding director Deborah Edwards is set to leave the Paribas Group to establish an independent consultancy.
Markel wins jockey sponsorship
Flat jockey William Buick has signed a two-year sponsorship agreement with insurer Markel International.
Everest Re reports Q1 loss on high cat claims
Everest Re reported a net loss of $22.7m, or $0.38 per common share, for the first quarter 2010, compared to net income of $108.6m, or $1.76 per diluted common share, for the first quarter of 2009.
R&Q income grows but profit drops
Randall & Quilter, the specialist non-life insurance investor, has reported a 17% of growth in group income for 2009.
Post lauded at prestigious awards bash
Post news editor Mairi MacDonald was last night crowned trade general insurance writer of the year at the Headline Money Awards.
Quinn to lay off 800, claims report
Grant Thornton, the administrators of Quinn Insurance, plan to make about 800 staff redundant as part of a major downsizing of the insurer, it has been reported.
Chartis CEO mulls options for European HQ
Lex Baugh, president and chief executive of Chartis Europe Holdings, has refused to rule out any insurance centre on the continent as a possible headquarters for the newly established group.
Election 2010 - who do you think has performed the best?
With the last televised leader's debate tonight which of the three main political leaders do you think has performed best in the run up to the election?
Chartis CEO mulls options for European HQ
Lex Baugh, president and chief executive of Chartis Europe Holdings, has refused to rule out any insurance centre on the continent as a possible headquarters for the newly established group.
Quinn employees set to hold further meetings with politicians tomorrow
In a statement Quinn said employees are holding meetings with politicians North and South of the border on 29 April, to express its concerns at the ongoing situation regarding the UK ban of which 90% is still being imposed.
Andrew Tripp new AMII Chairman
At the Annual General Meeting today of The Association of Medical Insurance Intermediaries, Andrew Tripp was appointed chairman.
Mapfre agrees €85m insurance stakehold in Caixa banks
Spanish insurer Mapfre has agreed to aquire a 50% stake in the insuraance subsidiariers of banks Caixa Manresa and Caixa Tarragona for €85.7m (£74.4m)
Speculation mounts over Quinn takover by UK construction giant
Construction firm Laing O’Rourke has held talks with the Quinn Group amid continuing speculation about a takeover of parts of its beleaguered business, according to reports in the Irish press.
Post in print - 29 April 2010
Post reporter Leigh Jackson provides a quick overview of this week's news including: Ex-Hero boss plans start-up, UK market facing £600m hole with no Quinn, HSBC facing Marsh cull, Chartis CEO scans Europe for new HQ and political parties outline their…
Mapfre agrees €85m insurance stakehold in Caixa banks
Spanish insurer Mapfre has agreed to aquire a 50% stake in the insuraance subsidiariers of banks Caixa Manresa and Caixa Tarragona for €85.7m (£74.4m)
25% commercial SME products now bought online
According to Defaqto’s latest report into commercial SME Insurance, almost a quarter of products available in the office and retailers market are now available online.
Deepwater Horizon oil rig continues leaking oil as claims rise
Owner BP expects its self-insurance and captive insurance to cover costs associated with a massive clean-up effort, which has been said to be costing $6m a day.
UK takaful insurer sold to Kuwaiti buyer
Principle Insurance Holdings, parent company of the UK’s first Shariah compliant insurance group, has confirmed the conditional sale of its subsidiaries, Principle Insurance Company and Principle Marketing Services, to Al Salam Group Holding Company – a…