Insurer
Markel International achieves huge improvement in Q1 COR
Markel International has delivered $277.6m (£141.3m) of GWP in the first quarter of 2012, a 9% increase on the same period last year ($255m).
RSA chief welcomes tough conversations with consolidators
RSA’s UK and Western European CEO Adrian Brown has revealed that having former colleague Brendan McManus and counterpart Mark Hodges running consolidators such as Giles and Towergate respectively was a help, rather than hindrance.
Number of chartered brokers nears the 100 mark
The Chartered Insurance Institute’s (CII) drive for professionalism has seen 12 insurers and 94 broking firms commit to chartered status according to its annual review of 2011.
New D&O and HNW insurer enters UK market
XN Financial Services (UK), a subsidiary of Montreal-based XN Holdings, has received UK accreditation from the Financial Services Authority authorising it to operate in the UK.
Moss to receive £500,000 on top of basic salary
Andrew Moss will receive his basic salary in lieu of twelve months’ notice in accordance with his contract when he leaves Aviva at the end of May.
MGA offers new management liability policy to SMEs
Manchester Underwriting Management (MUM) has launched a new management liability policy for SMEs.
Hiscox reports improved GWP for UK arm
Hiscox has delivered gross written premium of £450.7m for the first three months of 2012, a slight decline from £453.5m in the same quarter of 2011.
Former Mitsui chairman banned as insurer is hit with huge fine
The Financial Services Authority (FSA) has fined Mitsui Sumitomo Insurance Company (Europe) £3.5m for serious corporate governance failings, and banned its former executive chairman, Yohichi Kumagai.
Jelf's profit improves while revenue remains stable
Jelf Group has reported a 10% improvement in operating profit in the six months ended March 2012 to £1.6m, up from £1.5m in the same period of 2011.
Aviva shares could rally on Moss resignation
Andrew Moss’ resignation will be welcomed by shareholders following a series of “unfortunate” events, according to investment bank, Panmure Gordon.
Aviva praises Moss’ performance despite share price woes
Lord Sharman, chairman of Aviva, has praised the performance of chief executive officer Andrew Moss and claimed that it was Mr Moss’ decision to leave the role.
Aviva CEO quits following shareholder pay revolt
Andrew Moss, chief executive officer at Aviva, has stepped down from his role with immediate effect and will be leaving the group.
MMA delivers much improved profitability ahead of Provident merger
MMA Insurance has delivered a strong set of results for 2011, its final set of results prior to its merger with Provident and rebrand to Covéa.
XL launches new combined product for UK businesses
The XL Group has launched a new combined product incorporating liability, property and business interruption covers.
Sometimes insurers are the victims ... no, really.
Without doubt my favourite story of the last week was that of the Limerick man who went on hunger strike in protest at Axa’s refusal to pay out on a €24,000 motor claim. Hunger strike is a particularly extreme reaction and particularly emotive in that…
Catlin makes hire for contingency business
Catlin Group has hired Simon Lyons as a class underwriter specialising in contingency insurance.
Direct Line reports 25% jump in profit
Direct Line Group, the insurance arm of Royal Bank of Scotland, has reported an operating profit of £84m for the first three months of 2012.
Aviva humiliated by shareholder pay revolt
Aviva’s shareholders have humiliated the insurer by voting against its remuneration package at the annual general meeting in London.
RBS pumps another £125m into PPI compensation fund
RBS is set to follow Lloyds Bank’s example and put more money into its payment protection insurance (PPI) compensation fund, according to reports.
Chartis makes senior energy appointment
Chartis has looked within for its new UK head of energy.
L&G reports 17% hike in general insurance premiums for Q1
Legal & General (L&G) has reported gross premiums of £83m for the first quarter of 2012.
RSA reports positive start to 2012 with premiums up 5%
RSA has reported a 5% improvement in net written premiums in the first three months of 2012, up to £2.2bn from £2.1bn in the same quarter of 2011.
Novae reports 5% improvement on GWP for Q1
Novae Group has reported gross written premium (GWP) of £231.1m for the first three months of 2012.
CFC appoints new BDM in push for UK growth
CFC has appointed Chris Gilson as UK and Ireland business development manager.