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Maphre : strong results for 2011
Spanish based insurer Mapfre has released their impressive 2011 financial results.
The insurer saw net profits increase by 3.2 per cent last year to €963...
Sampo profits drop 8%
The biggest Finnish insurance group Sampo reported on Thursday a dip in 2011 net profit to €1.038 billion euros (£870m), eight percent less than...
Friends Life IFS affirmed at ‘A+’ : Fitch
Fitch have affirmed the Friends Life Group's Insurer Financial Strength (IFS) rating at 'A+' because of the agency's “continued expectation that the group will...
Over half of ‘UK’ big insurers foreign owned
55 per cent of the UK's biggest insurance companies are foreign owned, according to a recent report from TheCityUK, UK Trade & Investment and...
Austria’s UNIQA €274 million in the red
Austrian insurer UNIQA reported it's results for 2011 last week, revealing let losses of €330 million (£274m). The company credited the result to a...
FSA wants £78m more funding
The Financial Services Authority (FSA) has announced it will require £78 million pounds more funding than it did last year, as it announces it's...
Munich Re’s profits drop by 71% in 2011
Munich Re's profits plummeted last year because of the eurozone debt crisis and a string of natural disasters, the reinsurer reported today.
In 2010 the...
Hannover Re raises reinsurance prices
Hannover Re has increased it's premium price for hurricane an earthquake losses, as the reinsurer renewed it's contracts with insurers last month (January).
Hannover, the...
Rare sight : credit upgrade for European insurer
In an announcement that is becoming less common by the day, a European insurance company has received a credit rating upgrade.
A.M. Best upgraded their...
More downgraded insurers
Spanish based company Mapfre is the latest insurer to be affected by a surge of ratings downgrades across the sector, as Fitch moves the...
Covéa to capitalise on its UK presence
Covéa today announced its intention to bring together the insurance businesses of Provident Insurance and MMA Insurance into a single company under a new...
Brits more prepared to risk health than finance
People in the UK are more likely to take a risk with their health than with their finances, according to the latest AXA Wealth...
S&P downgrade Lloyd’s syndicate
Standars and Poor's lowered its Lloyd's Syndicate Assessment (LSA) on Canopius Managing Agents on Saturday, saying the syndicate's capitalisation had deteriorated to a marginal...
KBC sell Polish insurance unit for €770m
KBC, the Belgian banking and insurance group, is selling its Polish insurance unit Warta to German insurer Talanx for 770 million euros (£644 million)...
Groupama to sell UK operations
Brokers including Bollington, Carol Nash and Lark are up for sale, as Groupama gets rid of it's UK operations in an effort to shore...
Moneysupermarket: strong 2011 results
Moneysupermarket said strong trading in the fourth quarter of 2011 has resulted in good results for the company.
They estimated that last years revenue will...
Brokers doing it tougher than insurers : PwC
While life and general insurers both saw growth last quarter brokers profitability took a fall as business volumes declined, according to the latest PricewaterhouseCoopers...
UK economy could only endure disaster for one week
The UK economy could financially withhold a major natural disaster or terrorist attack for just one week, a Clatham House study suggests.
After this time...
Not saving in 2011 is biggest regret for Brits
Not saving enough has replaced not paying off enough debt as the biggest financial regret for Brits, according to a survey by First Direct.
Overall...
Houses most affordable in eight years
Despite house prices in the UK being at their most affordable level for eight years, the number of first home buyers is at it's...
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