Articles by Jonathan Swift
Santander latest bank to set asside PPI fund with Euros 620m hit
Santander today revealed a net profit of Euro 3.501 bn (down 21%), after setting up an extraordinary fund of Euros 620m in the UK to cover potential claims for payment protection insurance sold in the UK.
Esure confirms it has an "option" to increase stake in Go Compare
Results filed at Companies House in the last week have revealed that Esure Holdings has an option to increase it stake in aggregator Go Compare.
Allianz Re unveils new approach to crop insurance
Allianz Re's agriculture team is developing a new crop insurance approach which better manage Earth’s natural resources, the group announced today.
ING could be fined hundred of millions for breaking sanctions
ING is being investigated by US authorities for breaking economic sanctions against Cuba (Havana pictured), Iran and Syria, according to reports in Holland.
Ace reports 40% fall in net income
Ace has recorded net income of $607m (£370) in the second quarter of 2011, a drop of 10% on Q2 2010.
AI Claims on track to hit profit forecast despite downturn in accidents
AI Claims has reported that its trading profit in the financial year is in line with market expectations.
Ace reports 40% fall in net income at the half year mark
Ace has recorded net income of $607m (£370) in the second quarter of 2011, a drop of 10% on Q2 2010.
Lancashire to redomicile from Bermuda to the UK
Lancashire Holdings today announced that it plans to move to UK tax residency.
QBE raids Amlin for new European boss
QBE has appointed Patrick Coene as managing director, European Markets.
Aon claims the aviation market remains stable, with premiums up 1%
Aon Risk Services has reported that average lead hull and liability prices in the airline insurance market have been relatively stable so far in 2011, held in check by the low level of losses and abundant market capacity.
Fraudsters jailed for £100 000 insurance scam
A team of fraudsters who attempted to cheat insurers out of £100 000 have been warned by a judge that a message "must go out" that people involved in large-scale insurance fraud will receive prison sentences.
AM Best Europe recruits new MD
Stefan Holzberger has joined AM Best’s European business in the role of managing director, analytics.
Brit still in profit at H1 2011 despite 15.5% COR hit for major claims
Brit Insurance has this morning reported that its profit before tax was £6.8m for the first six months of 2011 (30 June 2010: £77.5m). Excluding the effect of foreign exchange on non-monetary items it was £1.6m (30 June 2010: £72.8m).
RFIB recruits new international boss from Price Forbes
RFIB Group, the Lloyd’s insurance and reinsurance broker, has recruited Andrew Hutchings as divisional director in RFIB International.
Irish Quinn founder plans insurance return via Malta
Sean Quinn, founder of troubled Irish insurer Quinn, is understood to have acquired a Malta-based insurance licence to help his return to the insurance market.
Quinn founder plots insurance return with Malta-based Q2
Sean Quinn has acquired a Malta-based insurance licence which will allow him to return to the market in the coming months, it has been reported.
2011 Fraud Awards Shortlist is announced
The shortlist for the 2011 Fraud Awards has now been revealed. This event, now in its 3rd year, recognises and rewards excellence across the market. The celebrations will take place on Wednesday 5 October.
RPC: drop in High Court cases masks insurer litigation
There has been a 30% fall in the number of commercial cases launched in the High Court, down to 47 884 in 2010 from 68 084 in 2009, according to City law firm Reynolds Porter Chamberlain LLP.
Former Indy staff lose compensation after employment tribunal appeal
Hundreds of former Independent Insurance staff have lost the right to compensation after the liquidated company appealed an earlier ruling.
Solvency II: Defining a practical implementation strategy
If you missed the recent live webinar debating Solvency II and practical implementation strategies - it is now available for viewing on-demand.
Solvency II: Defining a practical implementation strategy
If you missed the recent live webinar in conjunction with Sas debating Solvency II and practical implementation strategies - it is now available for viewing on-demand.
Accenture to ramp up insurance offering with swoop for Duck Creek
Accenture has entered into an agreement to acquire general insurance software specialist Duck Creek Technologies.
AM Best: "Smooth" Solvency II transition will help Lloyd's
AM Best has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China).
Lloyd's broker THB still on the hunt for deals despite AmWINS interest
Lloyd's broker THB this morning reported that fees and commissions were up 6% to £26m for the 6 months to 30 April.