Insurer
Online exclusive: The development predicament
What impact will proposed legal changes to property development have on the insurance industry? Mark Heighton explains.
Aggregator quotes peak at 163m in January
Open GI has recorded its highest monthly volume of aggregator quotes, amounting to over 163m in January 2013, with motor quotations amounting to 90% of the this figure.
Singapore's finance and insurance sector sees growth in Q4 2012
In the fourth quarter of 2012, year on year GDP growth in Singapore's finance and insurance sector was 3.3%, but growth deteriorated from the third quarter of 2012.
Earthquake strikes south China
A 4.8 magnitude earthquake in southern Guangdong province, on Friday morning (22 February), caused some disruption to Heyuan City, near the epicentre,and was felt in Hong Kong.
China targets polluting industries with mandatory insurance scheme
Heavily polluting industries in China will have to participate in a mandatory insurance program to ensure they can adequately provide compensation for damage.
Axa UK CEO "happy" with 9% commercial lines growth
The UK boss of Axa has admitted that he is “happy” with its performance in a “tricky” commercial market, although he stopped short at revealing its combined operating ratio for the 2012 financial year.
Ecclesiastical halts Gloucester relocation
Ecclesiastical has stopped its plans to relocate to Gloucester Docks following the termination of its agreement with Gloucester City Council to build a new headquarters in that location.
Zurich launches corporate accident and business travel product
Zurich has launched corporate accident a business travel policies available for business of all sizes, from SMEs to multinational corporations.
Analyst opinion divided on RSA dividend cut
News that RSA plans to cut its dividend has been met with a mixed reaction from the analyst community.
Swiss Re reports 2012 net income up 60%
Swiss Re has reported soaring net income alongside a special dividend for shareholders driven by P&C reinsurance business.
IAG to write off $260m following Equity sale to Aquiline Partners
Insurance Australia Group has announced that it recorded a loss of $182m in respect of its "discontinued" UK operations in the six months to 31 December 2012.
Lancashire produces stable profit despite $44m Sandy loss
Lancashire Holdings saw an increase in gross written premium in 2012 to $724.3m (£475.8m) compared to $632.3m the year before. Its net operating profit slightly increased to $220.3m (2011: $219m) over 2012, and its combined operating ratio was reasonably…
Middle East blog: Poacher turned game keeper
After a stint as an insurance broker, returning to an insurance company position in January of this year was momentous home coming for me.
Mitigating the ripple effect of disaster
Business interruption, natural catastrophes and fire represent the top three risks for corporates in 2013 and clients need to partner their insurers closely to develop risk management strategies says Dr Lutz Fullgraf.
Insurance internet searches down to 1.1m
Internet searches for insurance-related terms fell to 1.1m in January after peaking at 1.8m last October, a Greenlight report revealed.
Europe View from the Top: Testing times for European real estate
It goes without saying that the financial crisis has had an adverse and enduring effect on the global economy.
Solvency II compliance could move to 2016 following latest delay
The European Parliament plenary meeting to consider, and possibly approve, the Omnibus 2 amendments to the Solvency II directive has been moved back from 10 June to 22 October 2013.
Axa sees 3% drop in revenue from Southern Europe
Axa’s Southern European revenues have been hit by the difficult economic environment but mature market revenues continued to increase.
Kidnap and Ransom: A growing threat?
Kidnap and ransom risk is not traditionally a threat associated with Europe but recent incidents have bought the issue to the fore. Sam Barrett investigates the problem and the response of the insurance industry.
Argo International appoints underwriting director
Lloyd’s insurer Argo International has appointed Bruno Ritchie as director of underwriting, subject to regulatory approval.
Post magazine – 21 February 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Lancashire Holdings unveils capital management division
Lancashire Holdings has created a capital management division, which will be led by Simon Fascione.
Axa UK & I GI revenue rises 2% to £3.8bn
The cost of flooding and storm damage claims pushed Axa UK & Ireland's combined ratio to over 100% in 2012 - a deterioration of 0.8 points compared to 2011 - despite underlying earnings improving year-on-year by £62m to £134m.
IAG triples profit
Insurance Australia Group tripled its profit in the second half of 2012, the first half of its financial year.