Ireland
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
Aviva Europe operating profits up 26%
Aviva Europe's general insurance and health operating profit increased by 26% to £137m for the full year 2011.
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.
Insurers avoid conviction for Irish data breach
Three insurance companies have avoided criminal convictions for possessing personal information obtained by a private detective from a leak in the Department of Social Protection, according to reports in the Irish press.
Assurant makes senior European appointments
Assurant Solutions today announces the appointments of Graham Luckett as senior compliance officer for Europe and Robert Moorehead-Lane as European chief risk officer.
European construction – back to good health?
Construction markets have suffered across the globe with the financial downturn biting hard. Edward Murray investigates whether there are any glimmers of hope for the European market in 2012.
Asian results help JLT offset difficult European trading period in 2011
Strong retail revenue growth and margins in Asia helped Jardine Lloyd Thompson offset difficult trading environments in Europe and deliver profit before tax of £147.6m for the full-year ending 31 December 2011.
Editor's comment: Leaving on a jet plane
Reports that the Prudential is looking at jumping into Asia after 164 years has made some obvious waves around the sector.
RSA IFS and counterparty credit ratings upgraded to 'A+'
General insurer RSA's core operating entities have been upgraded to 'A+' in recognition of the group's strong capitalisation.
RSA reports 58% increase in underwriting result to £375m
General insurer RSA reported a 58% increase in the underwriting result to £375m for the full year 2011, attributed partly to the successful growth of overseas operations.
Quinn Direct name dropped for Liberty Insurance
The new owners of Quinn Insurance have ditched the Quinn Direct brand, according to the Irish Independent.
Post Intelligence Benchmarking Financial and Professional Lines: Positive experience
The Insurance 360 Financial and Professional Lines report found standards to be high.
Penny Black's insurance week
Penny has a night at the circus
Plumeri "not satisfied" with Willis in Q4 as UK sees double digit drop
Willis has declared that it saw a double-digit decline in the Willis UK and Ireland retail business in the fourth quarter of 2011.
Seán Quinn accused of contempt of court
The Irish Bank Resolution Corporation, formerly Anglo Irish Bank, has filed contempt of court proceedings against former Quinn Insurance boss Seán Quinn, his son Seán Quinn jnr, and his nephew Peter Darragh Quinn.
Quinn could face jail time over contempt of court charges
Contempt of court proceedings have been started against Sean Quinn, former owner of Irish insurer Quinn.
Interview - Bobby Gracey & Dr James Lygate: The future of forensics
Despite an abrupt and fractious first meeting many years ago, Bobby Gracey and Dr James Lygate are now business partners. The duo explain their plans for growth and diversification at IFIC.
News analysis: Management buyouts on the rise as teams tire of waiting
Following MBOs at Europ Assistance and A&A Group, could 2012 see a rise in such deals?
Market moves: XL rings the changes
XL led the way in the recruitment space this week, as insurers made a number of key appointments. While XL added four new staff members to its ranks, Liberty Mutual, Canopius, CNA Europe and Axa also had a busy seven days. In comparison, the broking…
XL appoints construction manager for Ireland, UK and Nordics
XL insurance has appointed Ian Lushington as construction underwriting manager for the UK, Ireland and Nordic regions.
Economic uncertainty to impact European construction in 2012
The health of the European construction sector will depend on austerity plans in 2012, according to credit insurer Coface.
Europ Assistance completes MBO
Europ Assistance Holdings has completed a management buyout to become an independent entity.
View from the top: Setting realistic expectations for 2012
Well 2011 certainly was a challenging year for the global insurance sector. The natural catastrophes in Australia, New Zealand, Thailand and Japan caused massive claims.
Solvency poll results
Will Solvency II cause captives to re domicile?