News
Profits plunge at Aspen
Aspen Insurance has revealed a net loss after tax of $141.5m (£86.5m) for the six months to 30 June 2011 in contrast to a profit of $127.2m in the same period of 2010.
ABI figures reveal 9% rise in fraud
The level of insurance fraud detected has more than doubled over the past five years, according to figures released by the Association of British Insurers (ABI).
Jersey will not implement Solvency II
Jersey’s Financial Service Commission has issued a statement clarifying that it does not intend to implement Solvency II.
NIG raids rivals to boost Midlands team
NIG has lured staff away from Keychoice Underwriting, Axa, Bluefin and UK General with four appointments at its Midlands regional office in Birmingham.
Universal Provident pulls away from Great Lakes
Universal Provident has announced that it is to bring a majority of the underwriting for its product range in–house and sister company Personal Assurance will now act as the 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.
Regional brokers win business because of service, says study
Just under half of commercial insurance clients prefer to work with regional brokers, according to findings from Pearlfinders Risk Index.
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.
Aon makes three internal appointments to Risk Solutions business
Aon Risk Solutions has appointed three new insurer relationship managers for Aon GRIP Solutions in the UK.
BGL announces divisional changes
BGL Group has announced the appointments of Kal Atwal and Martin Overton to the main board as part of a restructure that has established four operating groups.
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.
Bluefin opens new Cardiff office
Bluefin Insurance Services has opened a new branch of its Professions operation in Cardiff.
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.
Towergate appoints former Giles MD
Towergate Insurance in Scotland has appointed former Giles man Gordon Crosbie as managing director for its Perth and Stirling businesses.
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.
Autonet creates senior compliance role to support growth
Autonet Insurance Group has appointed Jenny Devaney to its board in the new role of compliance director.
Sean Quinn returns with offshore insurance vehicle
Reports in the Irish press claim that Sean Quinn has acquired a Malta-based insurance licence.
Up to 50 redundancies announced at Crawford
Crawford & Company has confirmed that following a business review it expected to make up to 50 roles redundant across central support services and Crawford General Insurance.
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.
Beachcroft and Davies Arnold Cooper merge
Insurance law firms, Beachcroft and Davies Arnold Cooper (DAC), have confirmed that they will merge.
Insurance Age blog: TDF - the greatest show on Earth
What if the market never hardens? What if this really is the “new normal”, would that really be so bad I wonder?