Reinsurance
Agencyport hires new CFO
Agencyport, a software and services provider for the insurance and reinsurance industries, has appointed Richard F. Gilbody to chief financial officer and director of Agencyport Software.
Former Aspen CFO to replace Culmer as RSA group finance boss
RSA has appointed Richard Houghton as its group chief financial officer.
Lancashire CEO Brindle "cautiously optimistic" for 2012 after $219m year end profit
Lancashire has reported an 8.2%, or $56.8m, drop in gross written premium to $632.3m in 2011.
Swiss Re P&C operating income halves despite $1.3bn reserve releases
Swiss Re has seen its property and casualty operating income almost halved in 2011 to US$1.28bn (US$2.47bn).
Zurich appoints Bouchard head of government and industry affairs
Zurich Financial Services Group has appointed Francis Bouchard as the group head of government and industry affairs, with effect from 1 April 2012.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m) for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m)for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
First Insurance reports 25% premium growth
Jordan-based takaful provider First Insurance Cpany reported premium growth of 25% in its full year results for 2011.
Insurers in the Philippines reject tax waiver
Non-life insurers and reinsurers in the Philippines have rejected a government offer of a 10% reduction in annual aggregate tax, according to reports in the local press.
Spanish Supreme Court ruling puts paid to 14-year dam legal battle
The Supreme Court in Spain has ruled that the 1998 rupture of the Aznalcollar tailings dam near Seville, Spain, was not caused by a fault in the design of the dam.
Zurich sees 19% drop in GI profits after US$1bn cat losses in 2011
Zurich recorded a general insurance business operating profit of US$2.3bn in 2011, a decrease of US$403m or by 15% in US dollar terms and 19% on a local currency basis.
Post magazine – 16 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Houghton departure triggers new Aspen board search
Aspen has begun the search for a new chief financial officer to succeed Richard Houghton, who will be leaving the company effective 29 February to pursue other opportunities.
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.
Houghton departure triggers new Aspen board search
Aspen has begun the search for a new chief financial officer to succeed Richard Houghton, who will be leaving the company effective 29 February to pursue other opportunities.
Marsh reports bumper profit growth
Broker Marsh's parent MMC has reported revenue up 9% to $11.5bn in 2011 with pre-tax profit up 82% to $1.4bn ($769m). Operating income was up 49% to $1.6bn ($939m).
Willis Re promotes Melia to CEO Willis Re International
Willis Re has appointed Tony Melia as chief executive officer of Willis Re International.
McGavick remains confident as XL reports $474.8m loss
XL chief executive officer Mike McGavick said his firm would not shy away from "frustrating" 2011 results, but asked yesterday for their broader context to be considered.
Willis CEO calls for insurers to provide resilience
The insurance industry is uniquely placed to provide resilience amid the global financial crisis, according to Willis CEO Joe Plumeri.
Catlin reports reduced profits due to cat losses
Bermuda-based speciality reinsurer Catlin Group reported $71m profit before tax for 2011, down from $406m for the 2010 year.
Scor takes bigger slice at 1 Jan renewals
SCOR Global P&C said 2011 gross written premiums were up by 8.8% to €3.982bn (up 11.6% at constant exchange rates) and 1 January saw average 2.2% price rises but saw it take a 13.9% growth in business.
View from the Top: An illusion of choice
With no sign of a turning market, a bout of consolidation looks on the cards
Post magazine – 9 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Arab Spring aftermath threatens businesses in the region
Protests and tensions in countries affected by the Arab Spring remain a concern for businesses operating in those nations, according to Aon’s 2012 Political Risk Map released today.