Insurer
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.
Ratings agencies accept no blame for financial losses
Standard & Poor’s (S&P) head of financial services ratings has told the Treasury Select Committee (TSC) that people shouldn’t rely on their ratings when making financial decisions.
Aviva's McMillan hails personal lines performance as commercial COR hits 105%
David McMillan, CEO of Aviva UK’s general insurance operation, has revealed that, despite a positive set of 2011 results, commercial lines continues to drag at the overall performance.
New commercial director appointed at Chartis
Chartis has appointed a new director for its UK commercial lines operation.
Industry bosses accused of not caring for staff
The British Heart Foundation has published a damning report on the level of importance the insurance industry places on employee health.
Axa Commercial bolsters Bristol team
Axa Commercial Lines has appointed a sales manager for its newly-opened Bristol office.
Aviva UK business grows but profits dip
Aviva UK’s general insurance business delivered higher growth but lower profits in 2011 as it managed to pin its combined operating ratio to 2010 levels.
LFC Shield pushes new Allianz-backed product range
LFC Shield has added Allianz to its existing insurer panel.
Quinn purchaser sees net income slump
Liberty Mutual Holding has reported a 78.2% fall in net income to $365m (£232m) in 2011 from $1.68bn the previous year.
Job opportunities fall but pay rises in general insurance
Job opportunities across sectors rose more sharply in February than in January but fell in insurance, according to the latest Reed Job Index.
Labour would force insurers to offer telematics
Insurers could be forced to offer telematics to potential clients under a new proposal from Shadow transport minister, John Woodcock.
Admiral delivers "disappointing" results despite hike in profits
Admiral has delivered a 13% increase in profits to £299m in 2011, a result its chief executive described as disappointing.
ABI warns time is running out on flood insurance cover
The Association of British Insurers (ABI) has warned that the clock is ticking on the need to secure a long-term sustainable flood insurance market in the UK.
Ai Claims extends ULR deal to 2015
Ai Claims Solutions has signed a three year deal with ULR Additions to continue providing credit hire and repair facilities.
S&P maintains negative watch on Groupama S.A.
Standard & Poor’s (S&P) has reaffirmed its negative watch on Groupama S.A. and maintained its rating for the group at BBB-.
Omega posts 134% COR
Omega Insurance Holdings has reported a $94.7m (£60.1m) loss before tax for 2011, more than double the $42.9m it lost in the previous year.
Ecclesiastical loses broker director as part of restructure
Ecclesiastical has parted company with Ian Wainwright, broker sales director, as part of a managerial restructure.
Rural expands reach with three new deals
Rural Insurance has signed deals with Coversure and the Farmers Union of Wales (FUW), and renewed its partnership agreement with Broker Network to distribute agricultural motor, equine and farm risks until the end of December 2014.
Amlin chairman set to retire as results show near £200m loss
Amlin has reported pre-tax losses of £193.8m for 2011, compared to a profit of £259.2m for 2010.
QBE snares RSA's SME boss for senior role
QBE has turned to two of its largest rivals to secure a brace of senior hires.
Axa Commercial takes new approach to schemes business
Axa Commercial Lines is to implement a new approach to its schemes business which it believes will allow brokers and insurers greater control of schemes.
Markel targets fine art market with MGA acquisition
Markel International has acquired Quay Underwriting (QU).