Insurer
Report: motor insurance at a "crossroads"
Insurers need to change their marketing message in the personal motor market, research in the sector has revealed.
Axa launches SME product on Acturis
Axa has released a commercial combined e-trade product to brokers on the Acturis platform on an open market basis.
Zurich raids Axa for property head
Zurich UK has announced the appointment of Peter Clark as head of property and strategy exposure management, commercial lines, effective 1 October 2010.
AIG's insurance operation Chartis maintains operating income while group makes loss
American International Group’s (AIG) general insurance operation Chartis, has reported operating income before net realised capital gains of $955m for Q2 2010 (Q2 2009: $1bn).
Dual targets SMEs via e-trading
Dual Corporate Risks has launched an e-business strategy targeting small to medium enterprise business (SME).
Groupama's broking business revenue remains flat
Combined revenues of Groupama Insurance's UK broking businesses have remained relatively flat at £33.3m during H1 2010 (H1 2009: £34.1m).
Allianz P&C profits increase
Operating profit in Allianz property and casualty (P&C) operations has grown by 28.2% to €1.14bn during Q2 2010, compared to the same period last year.
RBSI reports operating loss for Q2 2010
Royal Bank of Scotland Insurance (RBSI) made an operating loss of £203m during Q2 2010, compared to a £142m profit for the same period last year.
McMillan claims fall in Aviva's GI results is due to reserves
Speaking to Insurance Age, UK general insurance CEO David McMillan said the dip in Aviva’s UK general insurance and health underwriting results and operating profit was impacted by the insurer’s decision to release less reserves.
Novae reports rise in profits
Novae Group has reported an increase in profit before tax and foreign exchange movement on non-monetary items to £13.6m during H1 2010 (H1 2009: loss of £2.1m).
Aviva's UK general insurance profits rise to £197m in H1 2010
The insurers UK general insurance operating profits increased by 24% to £197m in H1 2010 (HY09: £159m) but Aviva's combined UK general insurance and health operating profit fell to £268m during H1 2010, compared to £284m in the same period last year.
RSA half year results show premiums up 9%
RSA has announced UK net written premiums of £1.5bn in the first half of 2010, up by 9% compared with the same period of 2009. However, it added its combined operating ratio had slipped from 97.4% to 98.9% for the comparable periods as a result of severe…
Director leaves Aon to head up Torus' UK casualty team
Torus has expanded its casualty platform with the appointment of David Whyman as senior vice president, UK head of casualty, based in London.
Fortis completes Kwik Fit aquisition
Fortis Insurance UK has been given regulatory approval from the Financial Services Authority(FSA)for the purchase of Kwik Fit Insurance Services.
Four men sentenced for role in claims fraud
Two men have been sentenced to a total of 30 month’s imprisonment for defrauding insurance companies as part of Operation Flash, a joint effort between the Insurance Fraud Bureau (IFB) and Lancashire Constabulary.
Legal: The opportunity of uncertainty
The vague Green Economy Bill is not an excuse for the industry to ignore climate change risks, rather to take a lead in tackling the problem and grab a big opportunity, writes Lindene Patton.
L&G insurance profits increase to £14m for H1 2010
Legal & General’s (L&G) insurance division has reported a rise in operating profit to £14m for H1 2010, compared to £6m for the same period last year.
Axa loses 18% of GWP in commercial as GI UK results falter
Axa has seen another drop in profitability in its UK GI business in the first half of 2010.
QBE reveals only one in six SMEs will hire staff this year
QBE's Investment in Staff survey of small and medium-sized enterprises (SMEs) has shown that only one in six (15%) of those questioned are looking to hire more staff in 2010.
E-commerce: Groupama pilots ‘first stand-alone PI cover for SMEs’
Groupama Insurances has expanded its Optima online product range with the pilot launch of what it claims is the first stand-alone professional indemnity (PI) cover for small to medium- sized enterprises (SMEs).
E-commerce: RSA launches e-trading service for brokers
RSA has launched a new e-trading service for brokers as part of its bid to become a top three player in the small to medium-sized enterprise (SME) arena.
NIG launches property policy
NIG has launched its new Premier Property Owners product to a panel of up to 40 brokers.
Aviva enhances motor trade offerings
Aviva has made enhancements to its motor trade offering and commercial combined policies.
Liberty Syndicates in motor market drive
Liberty Syndicates Management, a member of Liberty Mutual Group, is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.