Insurer
Hardy blames catastrophes for 111% COR
Hardy Underwriting has revealed a combined operating ratio (COR) of 111% for the first nine months of 2011.
RSA makes structural changes
RSA has announced a restructure of its operating structure and an appointment to its executive team.
Sean Quinn declared bankrupt
Sean Quinn has declared himself bankrupt at a court in Belfast over an alleged €2.8bn debt owed to Anglo Irish Bank.
Improved GWP for Allianz's UK non-life operation
Allianz has reported gross written premiums (GWP) of €525m (£450m) for its UK property casualty insurance operations for the three months ended September 2011.
ABI calls on government to help insurers provide best deal
The Association of British insurers (ABI) has insisted the government needs to tackle the UK’s compensation culture if motor insurers are to provide customers with the best deals.
XL commands biggest share of solicitors' PII market
Four insurers provided more than half the market share of solicitors' professional indemnity insurance (PII) in 2011, the Law Society Gazette has reported.
Zurich reports improved GWP but COR in decline
Zurich has reported general insurance gross written premiums of $27.05bn (£16.97bn), for the nine months ended September 2011.
More Than to provide online claims tracking service
More Than has launched a new e-claims service which allows customers to track their online claims.
Novae reports increased GWP
Novae Group has reported gross written premiums (GWP) of £516.4m for the first nine months of 2011.
PRA chief sets out future vision
Julian Adams, director of the Financial Services Authority’s (FSA) insurance division and soon to be in role at the Prudential Regulation Authority (PRA), has moved to address concerns that the new regulator would be overseeing the banking and insurance…
Trade bodies respond to flood insurance concerns
The British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have both moved to address the insurance problems being faced by homeowners in flood affected regions.
Smith praises transformation at Ageas
Barry Smith, chief executive of Ageas UK, has declared that the insurer's recent results were evidence of a step change and transformation at the insurer.
Admiral issues profit warning over PI claims
Admiral warned that personal injury claims continue to impact the business’ profits as it announced its third quarter results.
Profits and growth at Ageas
Ageas Insurance has revealed a 16.8% rise in gross written premiums to £822.5m and an improved combined operating ratio of 99.8% for the first nine months of 2011, compared to 104.9% in the same period last year.
Insurance premiums up 500% in flood areas, MP says
Diana Johnson MP has claimed that homeowners in flood risk areas have seen insurance premiums rise by up to 500% and called for a review looking into the cost.
Markel reports improved GWP but combined ratio suffers
Markel International has reported gross written premiums (GWP) of $194.2m (£120.8m) for the third quarter of 2011, compared with $178.7m for the same period of 2010.
Groupama mulling over sale of assets or stake
French mutual insurer Groupama is reportedly considering the sale of a stake in the company to outside investors or selling some assets as it bids to strengthen its capital and restore its solvency margin.
Sterling secures partial Chartered status
Sterling Insurance Group’s personal lines, commercial underwriting and claims divisions have received Chartered Insurer status from the Chartered Insurance Institute (CII).
Arista appoints new broker contact in North East
Arista Insurance promoted Neil Wormald to the role of branch manager for the North East of England.
Quinn relaunch suffers week delay
The relaunch of Quinn Insurance as Liberty Direct, due to take place on 7 November, has been postponed until 14 November due to complications with Quinn Group’s bondholders, according to reports.
MSL and Financial and Legal strike deal
MSL Legal Expenses has signed a three-year deal with Financial and Legal Insurance to provide personal and commercial lines legal expenses insurance (LEI).
Premiums rise at Hiscox UK but dip in London market
Hiscox UK has increased gross written premiums (GWP) by 13.4% but witnessed a decline of over £20m in its London market business for the first nine months of the year.
CII promoting young blood
The Chartered Insurance Institute (CII) has brought together 28 young insurance professionals to create three New Generation Groups.
Aviva appoints UK chief risk officer
Aviva has appointed John Lister as UK chief risk officer effective March 2012.