Latest News – Page 1306
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Online onlyAXA's UK revenues up after 6.8% rate rises
AXA’s UK and Ireland general insurance business posted IFRS revenues of €916m in the first quarter of 2011, up 6% on the €862m it made in the same period last year.The company put through general insurance rate increases of 10.4% in personal lines during the quarter and 2.2% in commercial ...
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Online onlyZurich plunges into UK Q1 underwriting loss
Zurich’s UK general insurance business made an operating profit of $40m in the first quarter of 2011, down 16.7% on the $48m it made in the same period last year.The division made an underwriting loss of $8m in Q1 2011, compared with a $5m underwriting profit in Q1 2010, and ...
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AnalysisDaily briefing: Wednesday
There’s life in professional indemnity yet, as Howden’s latest purchase shows, says David Blackman
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Online onlySterling signs up to Aldermanbury
Sterling Insurance has signed up to the Aldermanbury Declaration. The company has set a target to ensure that 25% of all customer-facing staff hold the CII’s Certificate in Insurance or higher before the end of 2011.At present, 11% of Sterling’s customer-facing staff in underwriting and claims hold the equivalent of ...
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NewsCall for clarity as deadline for Solvency II rules slides
Latest Omnibus draft reveals staggered introduction of rules from 2012 to 2016
