Insurance news
Giant Allianz’s operating profits fall
Allianz Group’s operating profit fall to €3.2bn (-34%) for the first half f 2009, compared to €4.9bn in the same period last year.
Property and...
Clive Stoddart returns to Aon as executive director
Clive Stoddart has returned to Aon, the global risk and insurance firm, to head up its kidnap and random team. As executive director, he...
Aviva UK Health offers market leading group income protection terms
Aviva today announced that it has significantly increased its Group Income Protection Maximum Income Benefit Limit and Employer Pension Fund Contributions (PFC) meaning that...
Zurich appoints Martin Senn Chief Executive Officer
Zurich Financial Services Group (Zurich) announced today that its Board of Directors has appointed Martin Senn (52, Swiss) to the role of Chief Executive...
Standard Life profit down 35%
Operating profit drop from 500£m (H1 2008) to 346£m (H1 2009).
Cash flow and capital position robust
Core capital and cash generation after tax of £167m...
RSA announced a 25% reduction of its net profits
RSA, the UK non-life insurer, announced a 25% reduction of its net profits for the first half of 2009.
Strong Group performance in challenging conditions
Net...
Swine flu – Safety of pandemic vaccines
Some media reports that have expressed concern about the safety of vaccines for pandemic influenza. The public needs to be reassured that regurelatory procedures...
Tourists Warned Over Travel Insurance Fraud
Holidaymakers were warned today they face higher insurance costs and possible prosecution if they are caught making fraudulent travel insurance claims.
The Association of British...
Zurich announces an increase with USD 1.5 billion quarterly operating profit
Zurich Financial Services Group (Zurich) reported today its 26th straight quarter of profitability and its third consecutive quarter-on-quarter profit increase since the financial crisis...
Aviva reports £747 million profit for the first six months
Aviva reports £747 million profit and Builds Capital Strength and announces news plans for Delta Lloyd
Management actions deliver encouraging results
IFRS profit after tax £747...
Hannover Re reports good results for the first half of 2009
Hannover Re, the German reinsurance, said that net income for the first half of 2009 jumped 66%, as 'positive' effects on life and health...
AXA UK – Life and Savings (H1 2009 results)
AXA UK’s Life and Savings business includes AXA Winterthur Wealth Management, Corporate Pensions, Protection, AXA Distribution Services (which trades through the Wrap platform Elevate)...
AXA UK – Bluefin – independent distribution businesses (H1 2009 results)
Bluefin Advisory Services (BAS) provides financial advice and wealth management and corporate consulting services and won Corporate Adviser Firm of the Year 2009*. Overall...
AXA UK – General and Healthcare Insurance (H1 2009 results)
Total General Insurance and Healthcare - AXA Insurance including Swiftcover, AXA Ireland and AXA PPP - insurance revenues remained flat at £1,866m in H1...
Bermuda-based Lloyd’s insurer Hardy Underwriting announced lower interim results
Financial Highlights
profit before tax and foreign exchange movements £18.7m (2008: £7.3m)
profit before tax of £7.8m (2008: £8.7m)
combined ratio before foreign exchange movements 75.7%...
Axa to cut 350 jobs
Axa UK will cut 350 jobs as part of a strategic review of its life and pensions business. The move was condemned by the...
Financial Institutions Insurance Market Continues to Harden
Financial institutions faced an average premium hike of 15 percent in the second quarter of 2009, as insurers seek to make up for underwriting...
Record Breaking Sales at Kwik Fit Insurance
Kwik Fit Insurance (KFI) reported record breaking sales this week which saw the insurance intermediary boast its strongest figures for a single day of...
New website PPInews.co.uk launched to compensate UK mis-sold consumers of Payment Protection Insurance
A new website at http://www.ppinews.co.uk has been launched to keep pressure on regulatory authorities, banks and insurance companies to compensate up to 12 million...
AXA Group net income for half year 2009 fell 39 percent to 1.32 billion euros
Earnings recovery in 1H09 versus 2H08:
Underlying Earnings: Euro 2,116 million down 26% yoy, up 63% sequentially
Adjusted Earnings: Euro 1,736 million down 50% yoy,...
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