Company results

Quinn records €706m loss

The administrators of Quinn Insurance have announced the company lost €706m in 2009, the year before the administrators were appointed.

HCC records $51.5m loss

HCC Insurance Holdings has announced its preliminary 2011 first quarter catastrophe loss estimate.

RIIG turns loss to profit in Q1

Resources In Insurance Group has reported a profit of £20 000 in the first quarter of the year after the conversion of £200 000 of loan notes left the group debt free.

Chubb reports $270m cat hit in Q1 2011

Chubb has reported that the impact of catastrophes in the first quarter of 2011 was $270m (£164m) before tax. This figure includes the winter storms in the US, flooding in Australia, and earthquakes in New Zealand and Japan.

185 jobs at risk as IAG UK wields axe

Post has learnt that Equity Red Star, the UK arm of Insurance Australia Group, is set to make a host of staff redundant as part of sweeping cuts across the business. A total of 185 jobs are at risk.

Co-op to increase aggregator usage

Co-operative Insurance has set its sights on growing its household book by widening its use of aggregators as a means of distribution.

Axa cuts to hit commercial

Sources close to Axa UK's personal lines division and broker Bluefin have insisted management cuts will only affect commercial lines.

Lloyd's motor result reflects 'torrid' time

Lloyd's finance director Luke Savage has said Lloyd's 2010 UK motor insurance result reflects the "torrid" experience of the whole market within that class of business. Its motor book reported an underwriting loss of £520m (2009: £83m loss) and a…

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