Insurer
Profits slump at Catlin
Catlin Group has seen pre-tax profits for 2011 tumble to $71m (£44.8m) from $406m the year before, as its combined operating ratio punched through the 100 barrier to reach 102.6% (2010: 89.8%).
RSA CEO vows to simplify business
Adrian Brown, UK and Western Europe CEO at RSA, has announced plans to simplify the business in order to get closer to brokers and consumers.
Former Dual D&O underwriter lands at Lloyd's syndicate
Lloyd’s Channel Syndicate (2015) has appointed former Dual and Chubb underwriter, Kevin Cleary, as a D&O class underwriter.
HomeServe axes 200 jobs
HomeServe has announced it is to cut 200 jobs in the UK.
Axa launches second product on Powerplace
Axa Commercial Lines has launched its management liability policy on Powerplace.
RBSI rebrands as Direct Line
Royal Bank of Scotland Insurance (RBSI) Group has rebranded as Direct Line Insurance Group and changed its status from a private company to a public one.
JLT opens new Reading office
JLT has announced it is opening a new regional office in Reading.
Aspen attributes significant 2011 losses to natural catastrophe
Aspen Insurance Holdings has reported a net loss of $105.8m (£66.9m) producing a combined ratio of 115.6% for the full year 2011.
RSA man to lead Tokio construction practice
Tokio Marine Europe has launched a new construction practice in the UK.
Beazley reports 75% drop in profits
Beazley has announced a reduced profit of $62.7m (£39.6m) for 2011, down from $250.8m in 2010.
Whiplash summit called to tackle rising motor insurance costs
Cabinet ministers are set to discuss tactics to get a grip on the soaring number of whiplash claims as the government continues to look at ways to tackle rising motor insurance costs.
NIG appoints former Axa regional director to lead in Manchester
NIG has appointed Warren Bainbridge as area business development manager (ABDM) for its Manchester office with business development responsibility for the Greater Manchester region as well North Wales, Merseyside and Lancashire.
Insurance 360 Research: High Net Worth Personal Lines Insight Report 2011
Based on comprehensive input from 212 British Isles HNW P/L broking professionals, the High Net Worth Personal Lines Insight Report 2011 details the front-line service performance of the broker market's ten most-used HNW P/L insurers and MGAs.
Insurance 360 Research: Financial & Professional Lines Insight Report 2011
Based on comprehensive input from over a 150 unique brokers of professional & financial risks, the Financial and Professional Insurers Insight Report 2011 delivers actionable insights on the 16 most used financial professional insurers.
Insurance 360 Research: Marine & Transport Insight Report 2011
Based on comprehensive input from 104 British Isles Marine & Transport broking professionals, the Marine & Transport Insurers Insight Report 2011 details the front-line service performance of the broker market's 13 most-used M&T insurers.
Insurance 360 Research: Business Insurers Insight Report 2012
With commercial pressures and tough business conditions putting the squeeze on insurance companies, the importance of the brand and customer service levels has never been more vital. The British Insurers Insight Report 2012 details the front-line service…
Liberty Mutual appoints head of claims
Liberty Mutual Insurance Europe has appointed Katie MacGregor as head of claims in London.
CFC dances into the Zumba business
CFC Underwriting, in conjunction with Paragon Insurance Brokers, has been appointed as the worldwide insurance partner for Zumba outside of the US.
Foreign investment dominates UK insurance
The majority of the UK’s general insurance companies are foreign owned according to new research.
Fitch upbeat about Tokio Marine
Credit rating agency Fitch has strengthened the outlook for Tokio Marine & Nichido Fire Insurance Co. (TMFN) to stable from negative and confirmed the company’s Insurer Financial Strength (IFS) rating at AA-.
Groupama increases regional underwriting presence
Groupama has appointed three new regional underwriters to its development underwriting team.
Zurich expands mid-corporate appetite
Zurich has expanded its Corporate Focus range to include products covering food and beverage and sports, leisure and entertainment (SLE).
TVL expands with Maestro acquisition
Tasker Ventures (TVL) has acquired Cheshire-based Maestro Insurance Services.
Markel's combined ratio takes a tumble
Markel International has reported a combined ratio of 116% for 2011, in stark contrast to its rate of 95% for 2010.