Insurer
Allianz CEO Torrance blasts 99.1% COR as 'unacceptably poor'
Allianz UK's commercial lines combined operating ratio deteriorated to 99.1% for the first nine months of 2012 from 95.1% in Q3 2011 as the retail non-motor COR worsened to 101.7%.
Faraday renews Pro contract for another three years
Tawa subsidiary Pro insurance has renewed a deal to provide underwriting support to Faraday.
AIG brand is back, declares Benmosche
American International Group, has declared that AIG is once again the “go-to-market brand” of its global property casualty business, which had been rebranded as Chartis in the wake of its near-collapse in 2008.
Catlin GWP grows 11% as Sandy-hit New York office remains closed
Catlin reported an 11% increase in gross written premium to $4.08bn in the nine months to 30 September 2012 compared with the same period in 2011 (9m 2011: $3.68bn).
Competition: Win tickets for England v South Africa
Win tickets for England v South Africa at Twickenham on 24 November with Post Online and QBE.
One in four Brits unaware of incoming gender rules
A study by the AA and Populus found that more than a quarter of British drivers are unaware that premiums will soon be affected by EU gender rules.
Hastings trials telematics offering
Hastings Direct is trialling a telematics-based car insurance product aimed at younger or inexperienced drivers.
Lucas Fettes appoints management duo to Manchester team
Growth-hungry broker Lucas Fettes has backed up its acquisition of Cougar Underwriting with two senior additions to its Manchester team.
Asia-Pacific only bright spot in bleak outlook for insurers for 2013
Asia-Pacific and emerging economies are the only bright spots in an otherwise bleak outlook for the insurance sector in 2013.
New LMA property risks wordings to provide clarity for underwriters
A new standard wording for power and utility property risks placed in the Lloyd's market was unveiled at this week's London Power Forum.
Service failures by outsourcers number three cause of supply chain disruption
Outsourcing failure is now a significant cause of supply chain disruption, according to a report by Zurich.
'No more cold calling customers,' new Mass chairman urges ahead of motor claims code launch
The Motor Accident Solicitors Society is to launch a package of reforms in a new motor claims code in a bid to boost the rights of the consumer.
Equity Red Star takes over three Ecclesiastical motor accounts
Motor insurer Equity Red Star has picked up three motor schemes written by Ecclesiastical for its subsidiary South Essex Insurance Brokers.
Environmental risk concerns top list for mid-size European companies
Environmental issues are climbing the corporate risk agenda in Europe, according to Ace Group.
LMA launches new wording for power and utility property risks
A new standard wording for power and utility property risks placed in the Lloyd's market has been unveiled.
United India reports 18% rise in GWP and improved COR for H1 2012
United India Insurance Company has reported an 18% rise in gross premium in the half year ended 30 September 2012 at Rs. 4,757 crore against Rs. 4,033 crore in the same period in 2011.
MoJ must take its foot off the brake on whiplash debate, demands ABI boss
The Association of British Insurers has cranked up pressure on the government to publish its consultation on whiplash, one month after the Ministry of Justice confirmed that progress had stalled.
Markel boss credits investment returns for 'excellent' nine months
Markel International has chalked up a substantial drop in its combined operating ratio for the opening nine months of 2012 to 86% compared with 119% for the same period last year.
Kwik-Fit backs Insurance Fraud Register
A quarter of insurers do not think the industry is collaborating enough to tackle fraud, according to Kwik-Fit Financial Services.
German joint venture and expansion in Asia help Markel Int return to underwriting profit
Markel International has reported gross written premiums up 4% to $705m for the nine months ended 30 September 2012.
Allianz UK delivers stable performance
Allianz UK saw gross written premiums grow by 1.9% to £473.2m (€593m) in the third quarter, but operating profits in the business division took a £2m dip to £40m (€50m).
Beazley reports 9% climb in GWP
Beazley has reported a 9% increase in gross written premiums in an interim management statement marking its year to date results.
Aggregators hit as SSP suspends service
Software provider SSP temporarily suspended its service yesterday on Money Supermarket, Go Compare, Confused, Compare the Market and Google Compare.