Insurer
Lancashire: no material exposure to Xynthia
Lancashire Holdings today announced that it estimates its net losses before tax from the earthquake in Chile and subsequent aftershocks range from approximately US$65m to US$125m including the sum of gross claims and claims expenses, reinsurance…
Abbey looking forward to 2010 "with confidence" after £8.7m profit
Abbey Protection saw a 6% growth in pre-tax profits to £8.7m in 2009, on revenue (before investment income) up 15% to £32.5m.
Lloyd's hails record profit of £3.9bn for 2009
Lloyd's this morning announced a £3.9bn profit for 2009 (2008: £1.9bn), which it hailed as a "record results during challenging economic conditions".
Lloyd's hails record profit of £3.9bn for 2009
Lloyd's this morning announced a £3.9bn profit for 2009 (2008: £1.9bn), which it hailed as a "record results during challenging economic conditions".
Catlin founder: Bermuda tax rises a nasty surprise
The increasing cost of employing people in Bermuda will add to the pressure on the Island's global reinsurers to locate more jobs in cheaper jurisdictions according to Stephen Catlin
Insurers await UK Budget Report
Insurers are waiting to see the impact of tomorrow’s Budget on insurance premium tax.
Markel adds to hull and war team
Markel International has appointed Daniel McCarthy as an underwriter within its Hull and War team.
Odyssey Re gains admitted status in Brazil
Odyssey Re, the US (re)insurer, has said that it has been approved to conduct business as an admitted reinsurer in Brazil.
Arch losses from Chile quake $35-50m
Arch Capital has announced its losses from the effects of the Chilean earthquake to be in the range of $35m to $50m, net of reinsurance, retrocessions and reinstatement premiums.
Canopius delivers profit of £55m for 2009
Canopius Group, the privately-owned Lloyd’s insurance underwriting business, has reported profit before tax of £55m up from £43m in 2008 and profit before tax excluding foreign exchange on non-monetary items of £74m.
Obama signs US health reform
US health reform bill has now been passed into law but several states are preparing to challenge the bill's legality
Travelers appoints new Glasgow team
Travelers has appointed the team to lead the company’s new regional office in Scotland.
L&G's household book returns to profit with a COR of 98%
Legal & General's general insurance business has recorded a £17m operating profit in 2009, a return to the black after a £2m loss in 2008.
Fitch revises negative view of UK general insurance market
Fitch Ratings has revised its rating outlook on the UK non-life sector to stable from negative.
Fitch revises negative view of UK general insurance market
Fitch Ratings has revised its rating outlook on the UK non-life sector to stable from negative.
Allianz hails microinsurance success
Allianz Life Indonesia and Allianz Utama Indonesia (Allianz Indonesia) sold a combined total of 347 000 microinsurance policies in 2009.
Allianz hails microinsurance success
Allianz Life Indonesia and Allianz Utama Indonesia (Allianz Indonesia) sold a combined total of 347 000 microinsurance policies in 2009.
IFB and MIB join forces to tackle fraud
The Insurance Fraud Bureau has entered into an agreement with the Motor Insurers’ Bureau for support services following a consultations between the two boards.
Looming climate change scheme needs attention, warns Allianz
Allianz Engineering is reminding brokers of the imminent introduction of a government backed climate change and energy saving scheme which could affect 20 000 UK businesses.
Junction targets personal lines insurers in drive for new partnerships
Junction is targeting motor and home insurers as part of a drive for new partners in the insurance sector.
‘Troubling’ bailouts punish best companies - Chubb
Chubb CEO John Finnegan, said government bailouts punish the best-run companies and impede the functioning of markets.
Allianz sells third of stake in Chinese bank
Allianz has reported a gain of 400m euros of the sale of the third of its shares in Industrial & Commercial Bank of China that it bought in April 2006.
Councils to split £5.3m flood fund
A £5.3m award to 49 local authorities to help them tackle surface water flooding has been announced by the environment minister Huw Irranca-Davies.