News
Dual targets SMEs via e-trading
Dual Corporate Risks has launched an e-business strategy targeting small to medium enterprise business (SME).
Insurance rates fall across EMEA, says Marsh
Insurance rates have fallen for certain classes of business across Europe, the Middle East and Africa (EMEA) during the first half of 2010, according to research.
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).
Commission seeks input on reforming broker liability
The Law Commissions of England and Wales and of Scotland are seeking views on whether section 53 of the Marine Insurance Act 1906 is still needed.
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.
Howden appoints law firms to surveyors’ panel
Lloyd’s broker, Howden, has created a panel of law firms to provide a range of legal services to its surveying clients. The panel members are Reynolds Porter Chamberlain, Beale and Company, Weightmans and CMS Cameron McKenna.
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…
Exeter-based broker targets South west with Devon acquistion
Fidelius Insurance Services has acquired Devon-based Ottery Insurance Services for an undisclosed sum.
Broker jailed for £1m fraud
Timothy Barker, formerly of Lloyd's broker Besso, has been jailed for three and a half years for tricking bosses into paying him extra money.
PB Week: Footballing lessons
My boys have to learn the offside rule this year. This season the team is progressing from playing mini soccer (seven a-side) to 11 a-side football, carrying England's future hopes and dreams with them.
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.
Carbon Offsetting: Carbon offsetting in vogue
It is impossible to avoid emitting carbon, so paying someone else to make a carbon saving is an increasingly popular choice.
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.
Viewpoint: The carbon challenge
Climate change remains controversial for broking. Either it is not discussed or it is addressed in the context of new business opportunities such as renewable energy. Regardless of a broker's positioning on climate change, it has become a regulatory…
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.
Insurance revenue grows 9% at Moneysupermarket
Moneysupermarket has reported a 9% increase in insurance revenue to £40.6m for the six months to 30 June 2010 (H1 2009: £37.1m).
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.