Insurer
Hardy gets tough on property treaty with 19.1% rate rises
Hardy Underwriting has reported that gross written premiums for its syndicate have decreased by 21.5% year on year, primarily as a result of discontinuing certain underperforming lines of business and a reduction in catastrophe risk appetite.
China is world's worst for flood risk
China has been ranked as the world's top flood risk zone in a report by Swiss Re, ahead of fellow emerging economies Brazil, Rusia and India, The Taipei Times reported.
Insurers urged to think differently to achieve European success
European insurers and brokers need to think differently about the EMEA region in today's low-growth economy if they are to unlock opportunities, according to Ace Europe chairman Andrew Kendrick.
Canadian TPA opens office in UK to service international needs
Third-party administrator The International Programs Group is opening its first international office in London, IPG UK.
MUM enters international market
Broker-only managing general agent Manchester Underwriting Management is entering the international market.
JLT responds to market demand with cyber product
JLT Specialty has launched an intangible and cyber exposure service in response to market demand.
Aviva posts COR of 96% in Q1
Aviva posted reduced operating profits for the first quarter of 2012, in a performance that executive deputy chairman John McFarlane described as "in line with targets".
IAG to undertake strategic review of UK business
Insurance Australia Group will be undertaking a strategic review of its UK business.
Deutsche Bank analyst admits surprise at Aviva UK GI slowdown
Equity analyst Deutsche Bank has admitted surprise at Aviva's UK result this morning.
Fitch backs Lloyd's emerging markets expansion
The Lloyd's insurance market's planned expansion into emerging markets is a net positive, despite the additional risk carried by writing business outside established markets, Fitch said today.
What is contained within Penny's Little Black Book?
Having been wined and dined by the great and the good of the insurance industry for over 12 years, one has decided to team up with the CII to collect the best bits from my weekly column and bring them to you in the shape of this little black book.
Amlin CEO says three quarters of business has seen rate rises in Q1 2012
Amlin reported this morning that the group's gross written premium for the four months ended 30 April 2012 was up 10.5% at £1.4bn (30 April 2011: £1.3bn). At constant rates of exchange, written premium increased by 11.6% (30 April 2011: £1.29bn).
Aviva admits CEO hunt will take rest of 2012
Aviva has said that it will not be in a position to name a new CEO until the end of the year, and hinted that business exits are inevitable as the company undertakes a widescale strategic review.
IAG boss Wilkins admits it may dump loss making UK business
IAG managing director and chief executive Mike Wilkins has said that now is an appropriate time to assess the options for the UK business, given the improvement in its performance and the current UK economic conditions.
In conversation with Zurich: Keeping on the right side of the Control of Major Accident Hazards Regulations
If a firm uses or stores sufficient quantities of dangerous substances, they fall under the Control of Major Hazards Regulations 1999, known as COMAH.
Technology: more cash to splash?
With global insurance spend on IT set to increase by 6% over the next year, will a similar trend emerge in the UK during 2012 and beyond?
Expert Opinion: Whiplash - Care not cash is answer to fraud
Independent expert doctor diagnosis of whiplash will only add cost, friction and bureaucracy, says Andrew Pemberton.
Penny Black's Insurance Week
Penny meets a world-class rackets player
Penny speed meets ... Sandy Dunn, chairman, Wunelli
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Investing in the Profession: Core Claims opens Derbyshire office
Core Claims Management has opened a new office for its Midlands and North region in Ashbourne, Derbyshire.
Investing in the Profession: Demand for CII exams grows
The demand for Chartered Insurance Institute exams increased to 110 000 in 2011, the CII's annual review has revealed, up from 85 000 for the previous year.
Market moves: IFB adds four to team
With the fight against fraud hanging in the balance, the Insurance Fraud Bureau was one of the most active recruiters this week, welcoming four new staff - including a new operations co-ordinator – into its team.
Mobile Phones: Success with smartphones
The development of mobile network technology combined with the increasing sophistication of smartphones has fundamentally changed the £620m mobile phone insurance market.
Marine: A stormy start to 2012 and choppy waters ahead
With the Costa Concordia disaster in January, the marine market has had a tough start to the year. What impact has this had on the state of play in an already difficult sector?