Insurer
Groupama delivers record profits but sees revenues dip
Groupama UK has experienced a huge upswing in profitability for the second year in a row delivering £43.5m in 2011 against £23.7m in 2010, itself a huge improvement on the previous year (2009: £14.1m).
XL sues client over "false" policy application
XL Group is suing one of its clients, hedge fund Level Global, for $7.45m ($4.74m) for allegedly making misrepresentations when purchasing an insurance policy.
Mitsui makes move in construction market
Mitsui Sumitomo has strengthened its construction capabilities with a new appointment.
One in ten young professionals take out no insurance
One in ten young professionals would rather “take the risk” than spend money on insurance, a new study has revealed.
Canopius hit hard by catastrophe losses
Canopius has suffered a tough 2011 posting a multi-million pound loss and a three figure combined operating ratio (COR).
Admiral identifies £250,000 worth of potential fraud
Admiral has identified a quarter of a million pounds worth of potential fraud in just nine days following the implementation of a new claims fraud system.
Arista makes fleet underwriting appointments
Arista Insurance has made two new appointments to its fleet team in Birmingham.
Ink increases South West presence with new Bristol office
Ink Insurance has opened a new Bristol office and appointed Janice Whitelock as regional underwriting manager.
Brightside's Holman hits out at slow approach to DVLA access
Brightside Group has hit out at the insurance industry for not securing access to the DVLA database sooner than it is.
Groupama increases capability of Optima Business Plus
Groupama has launched a “miscellaneous trades” facility for its online commercial trade product, Optima Business Plus.
L&G GI returns to profit, with 18% COR improvement
Legal & General has reported profit of £42m for its general insurance arm in 2011, up £50m from an £8m loss the previous year.
Mike Keating resurfaces at specialist MGA
The former managing director of Axa Personal Lines Intermediary, Mike Keating, has returned to the market at a specialist non-standard property underwriting agency.
Ink unveils new policy excess product
Ink Insurance has released a new excess protector insurance product, developed with input from Adding1’s ShazamXS.
Axa teams up with Aon for IFA PI cover
Axa Commercial lines has partnered with Aon Risk Solutions to provide professional indemnity (PI) insurance for Independent Financial Advisers (IFA) in the UK.
Brokers tackling climate change in the workplace, survey says
Environmental issues are a top priority for most brokers, according to research from Aviva.
Arag appoints internally for key broker role
Arag has appointed a new broker business manager as it makes changes to it sales and marketing roles.
Insurance complications surround government CCTV fuel proposals
Drivers of uninsured cars may find themselves unable to fill up at petrol stations under new government plans, according to The Mirror.
UK insurance will have to go east to maintain dominance
The UK insurance industry will have to go east in the future if it wishes to retain its global pre-eminence.
Post webinar: Professionalism and expertise: The case for Chartered status
Monday 5th March 2012 - 3.00pm GMT. As the Chartered Insurance Institute celebrated the second anniversary of the launch of the Aldermanbury Declaration, this webinar brought together a host of insurers that have embraced 'Chartered' status, to find out…
Fitch: Insurers can absorb Greek debt swap
European insurers will not be adversely affected by the recent Greek debt swap as they have already written down their holdings according to Fitch Ratings.
Everyone's talking about fraud
Fraud, fraud, fraud. Is it the most interesting aspect of insurance? It's definitely the most reported on. Look at the insurance section of most online news outlets, and there's a disproportionate (for those who know better) number of fraud stories.
Coface reports improved results with 21% jump in profit
Coface has reported a €96m (£81m) increase in insurance turnover for 2011, up from €1.35bn in 2010 to €1.45bn.
Three promotions at CCV
CCV has promoted David Perry to sales and marketing director.
Aviva Ireland job losses will be lower than expected
Aviva Ireland is to reduce the number of jobs it is cutting, but staff may instead face lower pay, the Irish Independent has reported.