Insurer
Superstom Sandy strikes Aspen results
Aspen Insurance Holdings reported a combined ratio of 108.0% or 72.0% excluding catastrophes, pre-tax and net of reinsurance and reinstatements, for the fourth quarter of 2012 compared with a combined ratio of 114.3% or 85.9% excluding catastrophes for…
Catlin strategy results in growing non-UK GWP contribution in 2012
Catlin recorded a 12.6% improvement in its combined operating ratio for 2012, in a year in which 49% of the firm’s total annual gross written premium of $4.97bn (£3.16bn) was produced by non-London/UK hubs.
Post Blog: Does size matter?
In the first part of a two part special, Sabine VanderLinden, head of value propositions at SSP considers the use of big data.
Europe View From the Top: Risk engineering when growing abroad
Higher costs of living, lower real wages and reduced access to credit has had a direct impact on the profitability of UK companies. This combined with the Eurozone crisis has taken its toll on UK export growth and investment.
CMC closed and two fraudsters behind bars following IFB investigation
A claims management company has been shut down and two fraudsters jailed after the Insurance Fraud Bureau and Metropolitan Police exposed a ‘crash for cash’ fraud ring worth potentially millions of pounds.
Middle East Insurance Forum: Diversified distribution essential for Middle East insurers
Insurers in the Middle East need to diversify their distribution networks in response to changing consumer behaviour, according to industry specialists at the Middle East Insurance Forum.
Post magazine – 7 February 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Markel hoping to close Alterra purchase in April
Markel president William Stovin has told Post the firm hopes to have fully acquired Alterra Capital by the start of Q2.
Report reveals identity of 'best and worst' claims teams of 2012
A report into which insurers possessed the best and worst performing claims teams last year has been published - with Catlin in the top spot and Zurich and RSA languishing at the bottom of the table.
Middle East Insurance Forum: Talent remains a challenge for growing GCC insurance industry
The Middle East can learn lessons from more mature insurance markets but needs to focus on strengthening its domestic talent pool, according to Enrico Bertagna.
Eastern European wind now more 'bankable'
As manufacturer and developer ambitions escalate, Eastern European wind energy projects are becoming increasingly ‘bankable’.
April appointment strengthens PMI broker market offering
April has named Duncan Craig as broker development manager as part of the health insurer’s plans to expand across the UK.
BISL and RSA among firms topping affinity partnership value table
Research into the effectiveness of personal lines affinity schemes has uncovered the identity of firms rated as offering the best partnership value.
Argo is back in profit in 2012 despite $47.9m superstorm Sandy hit
International specialty insurer and reinsurer Argo has reported post-tax income of $52.3m for the year ending 31 December, recovering from a loss of $81.9m in 2011.
Improved commercial property returns in 2013 forecast by L&G
Legal & General Property director of research Rob Martin this morning forecast improved UK commercial property returns in 2013, with a continued polarisation between the best and worst opportunities.
Argo swings to $52m net income for 2012
International specialty insurer and reinsurer Argo has reported post-tax income of $52.3m for the year ending 31 December, recovering from a loss of $81.9m in 2011.
Beazley CEO downplays M&A interest amid plans for repeat of 2012
Beazley chief executive Andrew Horton has played down the likelihood of acquisitive movement at the specialist insurer in 2013 and is instead aiming for a repeat of the previous year in terms of growth.
Ace enters Lloyd’s energy market
Ace has launched offshore and onshore energy cover from its Lloyd’s syndicate 2488.
Aviva axes Matthews in leadership reshuffle
Aviva has moved to restructure its top tier in a move that sees its executive director of developed markets Trevor Matthews depart.
Hastings makes double NED appointment at group companies
Former Groupama international division managing director Pierre Lefèvre has been appointed as a non executive director to Hastings Insurance Group and Advantage Insurance Company.
Beazley more than triples net profits
Beazley has reported soaring post-tax profits, seeing figures rise over three fold on last year’s totals.
Time to address International PMI fraud
As European Union members get closer to introducing the Directive on patient mobility Edmund Tirbutt asks how private medical insurers are tackling fraud in health care.
Beazley board recommends new appointment
The Board at Beazley has recommended the appointment of Angela Crawford-Ingle as an independent non-executive director of Beazley.