All Online only articles – Page 248
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Online onlyBLM partner to head Jackson working party
The Civic Justice Council (CJC) has set up a working party of experts to draw up detailed regulations for implementing the Jackson review of civil litigation costs. The Ministry of Justice has recently introduced a bill into Parliament, which takes forward the bulk of Jackson’s recommendations. The CJC expert working ...
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Online onlyGallagher takes Oxygen's 21-strong London market team
Oxygen’s 21-strong London market team has agreed to join Arthur J. Gallagher International. Under an agreement with Oxygen, the latter has agreed to release the executive team from their restrictive covenants with immediate effect so that they can move to the UK-based subsidiary of the American broking giant. The team ...
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Online onlyAllianz UK H1 profit dips and COR rises
Allianz UK saw its profit fall 2% in the first half of 2011, Allianz’s group accounts reveal.Allianz’s UK operating profit was €89m (£77.5m) in the first half of 2011 compared with €91m in last year’s first half. The company’s first half combined ratio was 96.2% - 0.9 points worse than ...
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Online onlyRBSI posts £206m H1 profit, but 103% COR
Royal Bank of Scotland Insurance (RBSI) made an operating profit of £206m in the first half of 2011, compared with a £253m loss in the same period last year.However, a reduction in earned premiums resulted in the firm posting a loss-making combined ratio of 103%, though this is a large ...
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Online onlyPersonal lines rescues RSA’s underwriting result
RSA’s UK business made an underwriting profit of £8m in the first half of 2011, as personal lines profits offset commercial lines losses.This was an improvement over the £2m profit made in the first half of last year.The personal lines underwriting result almost doubled to £27m, which RSA attributed to ...
