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Allianz sees UK profit drops slightly to £41.1m in Q1
Allianz Insurance has reported a drop in operating profit (before tax) of £ 41.1m (Q1 2008: £ 43.3m) for the first three months of 2009 on gross written premium of £ 393.8m (Q1 2009: £ 383.3m).
ABI director general Haddrill to step down for new role
The Financial Reporting Council (FRC) has announced that Stephen Haddrill will succeed Paul Boyle as chief executive of the FRC and will be appointed as a member of the FRC Board.
Lloyd's insurer Chaucer strikes deal
Chaucer Insurance has announced that from 18 May 2009, Autoglass will be the preferred supplier for all its customers requiring any glass repair or replacement work on their vehicle.
Scottish broker aims for £20m by 2011 after Giles hire
Aberdeen-based H&R has appointed Al Robertson to the position of commercial insurance advisor. He previously worked for Giles Insurance Brokers in Aberdeen and is the sixth new appointment for H&R Insurance in 2009.
Rehabilitation standards for the UK launched
Rehabilitation standards designed to protect the quality of care provided to people who require clinical and vocational rehabilitation have been launched at Westminster.
AIU Holdings in new infrastructure product launch
AIU Holdings, the new P&C off-shoot of stricken US insurer AIG, has launched a product for US States receiving funds from the US Government to build large-scale infrastructure projects.
Allstate says will not participate in US TARP program
Allstate, the US insurance giant, says that it will not participate in the US Government's bail-out program.
Cardinus launches dedicated SME website
THB Group's risk management subsidiary Cardinus has today launched a new dedicated ecommerce website focused on the SME market.
Lloyd's expands in to Portugal
Lloyd's has received an establishment licence in Portugal allowing its underwriters to appoint coverholders to write establishment business in the region.
Homeserve to exit emergency services business
Homeserve is to stop providing emergency services due to difficult economic conditions.
Swiss Re publishes Solvency II tips
Swiss Re has today published a series of recommendations to improve the recognition of risk mitigation techniques in Solvency II framework as a means to better managing capital efficiency.
Hardy reports Q1 premium income jump
Hardy Underwriting, the Bermuda-domiciled Lloyd's (re)insurer, said that premium income has gone up 33% in the first three months of the year.
Moody's raises outlook for The Hartford
Moody's has raised its outlook on beleagured US insurer The Hartford, the beleagured US insurer to 'developing' from 'negative' after the company said that it will not sell its Property/Casualty and life operations.
IPC reacts to new Validus offer
IPC has said that it will review Validus' revised offer, but has urged its shareholders not to take Validus' offer until it has made its recommendation.
Towergate assigned Moody's rating
Rating agency Moody's has assigned a B3 rating to Towergate Partnership after rating the company for the first time.
Validus ups IPC offer
Validus has increased its offer for IPC Holdings. Under the increased offer, IPC shareholders will now receive $3.00 in cash and 1.1234 Validus voting common shares for each IPC common share.
Dual International reports profits rise in 2008 following portfolio shake-up
Dual International, the specialist underwriting agency and the underwriting division of the Hyperion Insurance Group, has reported an increase in revenues of 21% for the year ending September 2008, bringing total reported revenues to £19m. Profit before…
Groupama claims market first with new product
Groupama Healthcare has launched a new solution aimed at helping businesses struggling to pay their group private medical Insurance premiums.
Insurancewide wins VAT appeal
Aggregator Insurancewide has won a High Court appeal which means it is not required to pay VAT in internet based insurance commissions.
PMI break for businesses
Groupama Healthcare has launched a product designed to help businesses struggling to pay their group private medical insurance premiums.
BGL offers personal accident cover
The BGL Group has expanded beyond motor and home insurance with the launch of its Personal Accident Cover product.
Swiss Re in giant bond issue
Swiss Re, the giant (re)insurer, is to issue €1.6bn in debt, according to reports.
BGL launches personal accident product
The BGL Group has expanded beyond motor and home insurance with the launch of its personal accident cover product.