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Former Beazley A&H head in Oscar triumph
The former head of Beazley's accident and health (A&H) division, Chris Branch, found Oscar glory last night (2 March) when the documentary he co-produced, The Lady in Number 6, won the award for best documentary short.
03 March 2014
Amlin shares buck gloomy market trend
Shares in London-listed Amlin plc were the European insurance sector's biggest gainer early today (3 March), as a set of strong 2013 results from the company outweighed geopolitical worries triggered by rising tensions between Russia and the West over Ukraine.
03 March 2014
Hiscox enters Asia with M&A deal
London-listed (re)insurer Hiscox on Monday (3 March) said it had agreed to buy Singapore-based online motor insurer DirectAsia for an initial $55mn, establishing its first foothold in the fast-growing Asian market.
03 March 2014
Amlin profit up despite Europe weather losses
London-listed (re)insurer Amlin on Monday (3 March) said its 2013 profit rose by nearly a quarter last year as lower catastrophe claims outweighed a rise in European weather-related losses.
03 March 2014
Buffett: BHSI will soon write ‘billions’
Berkshire Hathaway Specialty Insurance (BHSI), the audacious commercial P&C start-up launched by Berkshire Hathaway last year, will write "billions" within a few years, committed the conglomerate's CEO Warren Buffett over the weekend.
03 March 2014
Berkshire Hathaway posts $3bn underwriting profit
The lack of large catastrophe claims in 2013 helped Warren Buffett's (re)insurance empire notch up a pre-tax underwriting profit of $3.089bn, the highest by the conglomerate since the post-Katrina underwriting years of 2006-07.
03 March 2014
S&P endorses RSA actions with upgrade to A
Standard & Poor's (S&P) has upgraded RSA Group's counterparty credit and insurer financial strength ratings from A- to A with a stable outlook following the UK insurer's announcement of a £775mn rights issue and a raft of other actions yesterday (27 February).
01 March 2014
Fitch, Moody’s stay negative on RSA
Ratings agencies Fitch and Moody's today (28 February) said they would maintain negative perspectives on troubled UK general insurer RSA as they await the outcome of a £775mn rescue rights issue the company announced yesterday.
28 February 2014
UK’s Q4 weather claims worst for 10 years: Deloitte
The number of weather-related insurance claims in the UK rose to a 10-year high during the fourth quarter of 2013 because of winter storms and floods, according to accountancy firm Deloitte.
28 February 2014
XL names new North American P&C chief executive
Bermudian (re)insurer XL Group yesterday (27 February) appointed Joseph Tocco as chief executive of its North American P&C business, effective immediately
28 February 2014
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