Articles by Jonathan Swift
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
Brit opens books to PE house as Apollo ups bid to £10.75 a share
Brit Insurance today confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
BIS countdown - Sean McGovern interview: Getting to grips with government
Lloyd's general counsel Sean McGovern talks to Jonathan Swift about the incoming Solvency II directive and his role building relationships with the new government.
Marsh appoints new claims leader
Marsh has appointed Martin Clark as its global energy practice claims leader. Based in London, Mr Clark will have overall responsibility for managing the claims of Marsh’s energy clients worldwide.
Marsh appoints new claims leader
Marsh has appointed Martin Clark as its global energy practice claims leader. Based in London, Mr Clark will have overall responsibility for managing the claims of Marsh’s energy clients worldwide.
NIG set to exit personal lines
Royal Bank of Scotland insurer NIG has outlined plans to close its personal lines division and focus solely on commercial business.
Ecclesiastical unveils new CEO
Specialist insurer Ecclesiastical has appointed Andrew Moon as the new chief executive officer for its Australian business, Ansvar Insurance. The move comes after former CEO John Peberdy announced his retirement from the business after 37 years, earlier…
AI expects to beat forecast with results
Credit hire operator AI Claims Solutions today said it expects turnover, profit before tax and earning per share for the financial year ending 30 June 2010, to be ahead of market forecasts.
CEO Utley out at IAG UK
Insurance Australia Group has announced today that Ian Foy, currently CEO of IAG’s New Zealand business, will return to the United Kingdom to become CEO of IAG’s UK business, succeeding Neil Utley.
Ageas announces Turkish disposal
Ageas has reached an agreement with BNP Paribas Assurance on the sale of its pension and life activities in Turkey.
QBE adopts US dollar for reporting as it forecasts 40% profit drop
QBE has decided to adopt a US dollar presentation currency for 2010 onwards, as it is claims this is more relevant for measuring performance given that around 75% of business is now written in 48 overseas countries, and over 50% of annualised premium…
JLT strikes Euro alliance with three continental powerhouses
Three European independent insurance brokers, Siaci Saint Honore, Greco Group and Ecclesia Group have come together with Jardine Lloyd Thompson to sign an exclusive trading agreement.
Fortis recruits quartet in SME commercial push
Fortis has bolstered its commercial lines underwriting and business development teams with the recruitment of senior staff.
Ageas announces Turkish disposal
Ageas has reached an agreement with BNP Paribas Assurance on the sale of its pension and life activities in Turkey.
QBE adopts US dollar for reporting as it forecasts 40% profit drop
QBE has decided to adopt a US dollar presentation currency for 2010 onwards, as it is claims this is more relevant for measuring performance given that around 75% of business is now written in 48 overseas countries, and over 50% of annualised premium…
JLT strikes Euro alliance with three continental powerhouses
Three European independent insurance brokers, Siaci Saint Honore, Greco Group and Ecclesia Group have come together with Jardine Lloyd Thompson to sign an exclusive trading agreement.
Swiss giant swoops for Belgium business
Eureko and Baloise have signed an agreement which will lead to the sale and purchase of Avéro Insurance in Belgium.
Swiss giant swoops for Belgium business
Eureko and Baloise have signed an agreement which will lead to the sale and purchase of Avéro Insurance in Belgium.
Allianz unveils motor realignment
Allianz is realigning the structure of the unit responsible for its automotive cooperations - Global Automotive.
Allianz unveils motor realignment
Allianz is realigning the structure of the unit responsible for its automotive cooperations - Global Automotive.
Beazley sees rates go backwards on renewals as it hits $115.5m profit
Lloyd's insurer Beazley achieved a profit before tax of $115.5m (2009: $30.1m). It added the profit before income tax and earnings per share includes an exceptional foreign exchange gain of $33.7m.
ABI confirms insurance fraud hit £16m a week in 2009
Insurers are detecting more fraudulent insurance claims than ever according to figures released today by the Association of British Insurers.
FSCS says two thirds of £204m payouts are for PPI
In its annual report and accounts for 2009/10, published today (22 July), the Financial Services Compensation Scheme reports that it has paid more than £204m in compensation to over 21 000 claimants.
Fraud Awards shortlist announced as ABI unveils latest detection figures
The shortlist for the 2010 Insurance Fraud Awards - recognising excellence and best practice in combating and preventing insurance fraud - has been announced today.