Property
Claims Club: Street deals not backed by members
A small proportion of Claims Club members agreed that assigning individual loss adjusters to deal with all flood-damaged property in a particular street is a good idea — but when asked whether this is achievable in practice, the answer was a resounding…
Claims Club: ABI surge event plans prioritised for 2010
Hypothesis testing is the best way to devise a collaborative industry surge plan, following events such as widespread flooding, insisted Tim Humphreys, policy adviser for risk management and emergency preparedness at the Association of British Insurers.
Bluefin role for Burnham
Keith Burnham has left Aon for Bluefin to take up the new role of head of real estate, Post understands.
Marsh and Guy Carpenter earnings up
Rising revenues at (re)insurance brokers Marsh and Guy Carpenter reported increased fourth quarter revenues - although owner company MMC reported more mixed results.
XL results improve, but miss expectations
XL's fourth quarter results improved, but missed Wall St expectations.
Aspen reports profit surge
Aspen became the latest company in the insurance market to report a profits surge.
Torus adds two brokers to start San Francisco business
Insurer Torus said that it is opening an office in San Francisco.
WR Berkley latest insurer to show earnings jump
WR Berkley has become the latest US insurer to show a jump in earnings with full-year earnings rising to $309m.
Hannover Re and Swiss Re shares in market sell-off
Shares in Hannover Re and Swiss Re were battered in trading on Tuesday on continuing capital concerns.
The Hartford returns to profitability
The Hartford Financial Services Group, the US insurance group, has reported improvements in earnings.
Axis Capital shows profit improvement
Axis Capital, the Bermudian (re)insurer, said that results for the fourth quarter and the year improved.
Broker Aon loses two of its property team
Keith Burnham, head of client experience for real estate and Edward Brown, client manager, have both handed in their notice at broker Aon.
US insurer CNA's results improve
CNA Financial Corporation, the US insurance giant, said that fourth quarter net income rose to $246m, up from a loss of $336m in the fourth quarter of last year.
HNW repairs specialist launches nationwide service
Vortex has launched a new building and restoration service aimed at high net worth clients across the UK.
Kwik Fit Insurance sales hit all time high
Kwik Fit Insurance sold more policies to new customers in one day last week than it has sold in a single day since the company was established in 1995.
Cheatline calls increase reports IFB
The Insurance Fraud Bureau has seen website figures and Cheatline reports figures rise significantly during 2009.
Lloyd's firm merges syndicates
Jubilee Managing Agency has combined its motor Syndicate 1231 and property and personal lines Syndicate 5820 for the 2010 year of account.
Berkshire Hathaway loses 'AAA' rating
Berkshire Hathaway, Warren Buffett's giant investment vehicle, has had its 'AAA' rating removed by Standard & Poors.
Torus names power and utilities underwriter
Property and casualty insurer Torus has appointed Louis Scott as an underwriter in its power and utilities team.
Experian reveals UK hotspots for man-made perils
Global information services company Experian has revealed Liverpool as the prime location for malicious household and vehicle damage.
Markel reports rise in income for 2009
Property and casualty insurer Markel Corporation has announced a comprehensive income of $591m (£372m) for 2009 up on the $403m comprehensive loss reported for 2008.
Mapfre's earnings fall in 2009
Mapfre, the European (re)insurer, said that earnings for the year fell in 2009.
Barbon earnings up 20% on back of new business
Barbon has reported that its broking business saw annual profits grow by 2% to £42.7m last year, compared to 2008 (£41.9m).
Aviva drops Asda
Aviva has relinquished its role as lead home, motor and travel insurer for Asda. The insurer extended its affinity deal signed in March 2003 with the supermarket until December 2009.