Insurer
Generali boosts profits by 40%
Assicurazioni Generali has posted net profits of €1.6bn (£1.3m), a 40.4% increase on the nine month results last year.
Markel International posts improved combined ratio for Q3
Markel Corporation reported diluted net income per share of $4.67 (£2.90) for the quarter ended September 30, 2013 compared to $5.32 for the third quarter of 2012.
Beazley predicting 'mid-80s' full year COR
Beazley has chalked up a 5% rise in premiums of $1.54bn (£958m) over the first nine months of the year, as limited exposure to weather events has left the firm expecting a better than predicted full year combined ratio.
Tulloch engaging brokers ahead of Aviva senior team rebuild
Aviva UK general insurance chief executive Maurice Tulloch has vowed to engage heavily with brokers as he seeks to build a new senior team following a string of high-profile exits.
COR improves at Aviva UK as storm losses hit £10m
A reduction in the Aviva UK general insurance combined operating ratio of 95.5% (9M 2012: 97%) has been attributed to lower expenses and favourable weather conditions over the first nine months of the year.
Over 170m low-income people using microinsurance in Asia-Pacific
According to research by the Munich Re Foundation and GIZ, which assists the German government in sustainable development, the microinsurance sector in Asia-Pacific has reached 172m lives representing a 40% annual growth rate between 2010 and 2012.
Watson defends Tesco Underwriting's GWP slump
Ageas UK chief executive Andy Watson has defended Tesco Underwriting’s £133m gross written premiums slump after posting a GWP of £341.1m for the first nine months of the year.
DAS recruits Munich Re man to replace Gibson as CFO
Legal expenses insurer DAS has confirmed that Munich Re’s Thomas Jannakos will replace Paul Gibson as the firm’s UK group chief financial officer.
Money Supermarket sees insurance revenues inch upwards
Price comparison site Money Supermarket has seen insurance revenues climb 2% for Q3 2013.
Post Magazine - 7 November 2013
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
DAS puts commercial products on Acturis
Legal expenses insurer DAS has launched its loss assistant business product and commercial legal protection products on Acturis.
Healthy Pets appoints More Than founder as non-exec
Online pet insurer Healthy Pets has appointed one of More Than’s founding team as a non-executive director.
Lancashire recruits Merrill Lynch banker for non-exec role
Bermuda-based insurer and reinsurer Lancashire has appointed Merrill Lynch’s former co-head of corporate broking as a non-exec director.
Lancashire CEO upbeat on COR despite heavy Q3 losses
Lancashire Holdings chief executive Richard Brindle has heralded his group’s sub-70% combined operating ratio for the first nine months of the year, despite a third quarter deterioration, as testament to the “resilience of our portfolio”.
ABI predicts St Jude storm to cost insurers £130m
The Association of British Insurers is estimating insurers will have to pay out £130m to policyholders following last week’s St Jude storm.
Brokers concerned by latest Aviva exits as Hudson and Robinson jump ship
Pair’s departure follows those of Clayden, Spencer and Deakin in recent months.
Ageas profits up 5.6% amid tough retail trading environment
Ageas has chalked up a 5.6% rise in its net profit in the opening nine months of 2013, despite gross written premiums generated by Tesco Underwriting plummeting £133m on the previous year.
IFR promised in ‘weeks not months’ but delay continues to frustrate
Davies cites importance of a foolproof platform as reason for IFR not being ready.
RSA sees shares slide after ROE warning
RSA has seen its share slump in trading today after this morning warning that return on equity could tumble to below 10% following storm losses.
XL swoops for AIG’s Europe claims boss
XL has recruited AIG’s chief claims officer for Europe to replace the outgoing Graham Lambourne as head of international P&C claims.
Crew at fault in high number of ship collisions
Human error is to blame for the majority of ship collisions according to the London P&I Club, with complacency on the bridge of the vessel often a significant cause of casualties.
Penny Black's Insurance Week - 7 November 2013
Penny had a chuckle this week when MP Sajid Javid compared long-awaited regulatory package Solvency II with The Godfather trilogy.
My best XV Selected by Russell Berry, Towergate
Russell Berry, graduate trainee at Towergate Underwriting, selects his best XV and wins two tickets to see England v Argentina on 9 November in the QBE Rugby Internationals.
Your Say: Give brokers the backing they need
The news reported by Post that general insurance is now second only to payment protection insurance in the volume of complaints received and upheld by the Financial Conduct Authority is, on the face of it, a damning criticism of our industry.