Articles by Jonathan Swift
Riot report praises insurers for settling 90% of domestic claims, but slams police
The insurance industry's role in the 2011 riots has been largely praised by the Riots Victims and Communities Panel in its report After the Riots published today.
Ageas board member and Outright founder Bright latest to join Quindell
Consultancy, software and outsourcing firm Quindell Portfolio has appointed Ageas UK board member Robert Bright to its strategy and integration advisory board.
Cunningham Lindsey staff told investors seeking buyer for loss adjuster
Global claims management group Cunningham Lindsey has told staff that its investors are looking to find a new owner for the business, Postonline understands.
Insurers still wary despite Solvency II deal ahead of vote next week
The European Parliament's two biggest parties have tentatively agreed to include measures related to Solvency II legislation that could save the industry billions and avoid a long delay to the rules' implementation, according to reports.
Singapore motor sector returns to profit for first time since 2005
The Singapore domestic general insurance industry registered strong growth amid global economic uncertainty and huge catastrophic losses experienced in other markets, according to the latest figures from the General Insurance Association in the country.
Hannover Re latest group to reveal nat cat hit with 2011 results
Hannover Re this morning reported that its gross written premium in total business increased by 5.8% to Eur 12.1bn (2010: Eur 11.4bn).
China opens up investment opportunities for Taiwanese insurers
A number of Taiwanese insurers have received approval from Chinese authorities to invest in the mainland's stock market.
Lloyd's quartet back Asian terrorism insurance consortium
Xin Consortium, a new insurance vehicle specialising in a Asian terrorism insurance, has been launched in Singapore.
L&G records general insurance COR of 88% as new business jumps 38%
Legal & General reported this morning that its general insurance business recorded £304m of gross written premium in 2011.
Don't miss Budget Day Live - analysis today at 3pm
Incisive Media's impressive range of brands serving the financial services sector are collaborating today to bring financial services professionals the very best analysis of George Osborne's Budget Statement.
Former Axa PL boss Keating returns at non-standard MGA Midas
The former managing director of Axa Personal Lines intermediary Mike Keating has returned to the market at a specialist non-standard property underwriting agency, Postonline has learnt.
Munich Re CEO von Bomhard forecasts €2.5bn profit for 2012 after good start
Munich Re has made a good start to 2012 and is aiming for a profit of around €2.5bn, according to CEO Nikolaus von Bomhard.
LAS completes first acquisition since Gresham-backed MBO
LAS Claims Management has completed its first acquisition since its private equity-backed management buyout from Lanes Group Plc in 2010.
Ahmed takes up new Aon Benfield MENA CEO role
Aon Benfield has appointed Ahmed Rajab as CEO, Middle East and North Africa.
Indian insurers delay reinsurance treaties as primary premiums harden
Indian general insurers have delayed finalisation of the reinsurance treaties for the next financial year, according to a new report.
China unveils latest motor market liberalisation move with premium setting plan
The China Insurance Regulatory Commission is to allow some qualified insurers to set terms and premium rates for private motor insurance.
Aviva bemoans 'challenging' UK commercial sector as CEO Moss heralds 2011 progress
Aviva's UK general insurance continuing operations saw a decrease in operating profit and underwriting result in 2011 to £540m (2010: £567m) and £129m (2010: £184m) respectively. This was mostly as a result of the reduced contribution from Aviva Re.
Admiral overseas losses increase to £15.1m but policycount soars to 4.1m
Admiral Group has reported that its two international operations – motor and aggregator – increased their losses to £15.1m (2010: £12.8m loss) in 2010.
Liberty CEO talks up China, India and Quinn after 87% drop in pre-tax income
Liberty Mutual has reported net income of $284m and $365m for the three and twelve months ended 31 December 2011, decreases of $292m and $1.313bn from the same periods in 2010.
Asian air traffic a game changer in aviation market, warns broker boss
Air travel in Asia Pacific is set to significantly surpass that of North America and Europe in the next five years, increasing the exposure of airlines operating in the region to potentially game-changing risks such as reputational risk.
Thomas charged with maximising Willis' $40bn global premium
Willis Group has appointed David Thomas as director of strategy and transformation within its global businesses division.
Admiral COO describes 2011 as a year of two halves as profit hits £299m
Admiral has reported group profit before tax up 13% at £299m in 2011 (2010: £266m) on a turnover up 38% at £2.19bn (2010: £1.58bn).
HSBC sells GI units to Axa and QBE
Axa and HSBC announced today they have entered into an agreement whereby the French insurance giant would acquire the bank's property and casualty businesses in Hong Kong, Singapore and Mexico.
Axa and QBE strike deals with HSBC for Asian and Central/South American P&C businesses
Axa and HSBC announced today they have entered into an agreement whereby the French insurance giant would acquire the bank’s property and casualty businesses in Hong Kong, Singapore and Mexico.