Insurer
Profits up at Lancashire Holdings
Bermuda-based Lancashire Holdings has announced an increase in net profit after tax for the second quarter of 2011 and the six month period ended 30 June 2011.
New player enters solicitors' PI arena
First Title Insurance has joined forces with Ink Underwriting Agencies to offer professional indemnity insurance (PII) to law firms, for the first time.
Brit sees profits plunge to £6.8m
Brit Insurance has reported a dramatic fall in profits before tax to £6.8m from £77.5m in 2010 in its half year results to 30 June.
Sean Quinn's Q2 has no licence in Malta
The Malta Financial Services Authority (MFSA) has dismissed reports that Sean Quinn has a Malta-based insurance licence for his new insurance company, Q2.
NIG plans to expand property owners portfolio
NIG has announced plans for an additional property owners product aimed at smaller risks following the first year of trading for its premier property owners product.
Admiral to keep referral fees
Chief executive officer of Admiral, Henry Engelhardt has defended the insurer’s stance on referral fees stating “We're not doing anything that I would not tell my mother about.”
Farmweb seeks to grow market share with senior hire
David Harrison has been appointed area underwriting manager for Gloucester based Farmweb with immediate effect.
Axa launches on Powerplace
Axa Commercial Lines has launched its tradesmen and professional liability products on Powerplace.
Sean Quinn returns with offshore insurance vehicle
Reports in the Irish press claim that Sean Quinn has acquired a Malta-based insurance licence.
Post Europe relaunches with dedicated site as Insurance Insight
Post’s European coverage has launched with its own dedicated website, Insurance Insight, which aims to be a one-stop-shop for European insurance news.
Aviva's rising share price sparks bid rumours
Aviva’s leap up the blue-chip index has ignited further market speculation that at least two insurers could be mulling over a possible approach worth 575p a share valuing the insurer at £14.8bn.
Aviva’s Matthews appointed to government commission
Trevor Matthews, chief executive officer for Aviva UK has been appointed to the Department for Business, Innovation and Skill’s UK Commission for Employment and Skills.
NFU Mutual snaps up Channel Island broker
NFU Mutual has confirmed that subsidiary company, Islands Insurance, has acquired Reed Insurance Associates (Reeds) in the Channel Islands.
NIG unveils dedicated broker microsite in contractors push
NIG has announced a focus on increasing its contractors business book by offering improved cover levels along with a dedicated broker microsite.
NIG appoints senior BDM from Aviva
NIG has appointed Stewart McConachie as senior business development manager from Aviva with a remit to boost its broker-only business opportunities and product development.
UK motor grows 10% as Gibraltar overtakes Lloyd's
Ernst & Young has reported that the UK motor market grew by 10% in terms of gross written premium in 2010 to £13.4bn with growth in Gibraltar based insurers making it bigger than Lloyd’s.
European capacity still buoyant, says Marsh
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa (EMEA), according to a new report published by Marsh.
Aspen swoops for M4 renewal business
Aspen Insurance has announced that its regional platform, Aspen Risk Management, has agreed to purchase certain commercial insurance renewal rights and other related assets from M4 Underwriting.
NIG makes senior hire to strengthen FarmWeb contract
NIG has appointed Andy Brock as its new head of agricultural business.
Axa Assistance reports rise in turnover and profit
Axa Assistance has announced a 5.2% increase in turnover to £829.2m (€929m) for 2010 from £788m in 2009 along with a rise in net profit to £17.8m (2009: £11.2m).
MMA moves to boost commercial underwriting nationwide
MMA Insurance has announced a series of new appointments and promotions across the country to expand its commercial underwriting team.
RSA relaunches into legal indemnity market
RSA has announced a strategic partnership with independent broker Litigation Protection to focus on legal indemnity with solicitors and licensed conveyancers as it seeks “a dominant position in the market”.
Axa recruitment signals "core market growth"
Axa Assistance UK today announced the appointment of Kelly Ward as sales and marketing director with a view to accelerating growth in the motor, property, health and legal assistance sectors.
Insurance Age blog: Where did the culture of compensation come from?
When Axa came out and sang from the roof tops about its decision to ban referral fees, it labelled the move "a first step in a journey to reform the emerging compensation culture which it claimed was spiralling out of control".