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  • Zurich builds earnings despite $1bn cat losses
    Zurich Financial Services (ZFS) posted a 10 percent increase in net profit to $3.8bn for 2011 despite its fourth quarter results nearly halving year-on-year
    16 February 2012
  • Major European insurers downgraded by Moody’s
    Moody's downgraded a group of European insurance companies with exposure in Spain and Italy including Generali, Allianz Italy, Unipol and two of Mapfre's trading subsidiaries this morning (16 February)
    16 February 2012
  • Reinsurers must address structure as well as price: Charman
    Underwriters must address structural changes on reinsurance programmes as well as pricing in response to near record 2011 cat losses and cat model changes.
    16 February 2012
  • Allied World outperforms as reserve releases boost profits
    Shares in Allied World Assurance Company are expected to react favourably after the (re)insurer impressed analysts with a strong set of financials that include fourth quarter and full-year operating profits.
    16 February 2012
  • Bolt reorganises directorate as lieutenant leaves
    Lloyd's is carrying out a modest restructure of market oversight body the performance management directorate after one of the heads of syndicate underwriting, Tangy Morgan, resigned.
    15 February 2012
  • Plumeri refuses to deny 2013 exit
    Willis chairman and CEO Joe Plumeri pointedly declined to deny that he was leaving when his current contract expires in 2013, after a direct question from an analyst on the company's fourth quarter earnings call
    15 February 2012
  • RBS Insurance rebranded as Direct Line in pre-sale preparation
    Royal Bank of Scotland (RBS)'s newly formed insurance unit is to change its name from RBS Insurance to Direct Line Group - its best-known insurance brand - ahead of the division's planned spin-off.
    15 February 2012
  • Perils puts windstorm Andrea bill at EUR267mn
    The Perils industry loss collation service has estimated that windstorm Andrea, which occurred in Western Europe on 4-5 January, could cost the property insurance market some EUR267mn.
    15 February 2012
  • Willis announces review as it reverses stance on benefit contingents
    Willis is to reverse its stance on not accepting contingent commissions in its employee benefits division and has unveiled a general review of "compensation disclosure processes" across the organisation
    15 February 2012
  • JLT to acquire 25% stake in Spanish broker
    London-based broker JLT has announced another addition to its expanding international network with the purchase of a stake in Spanish insurance broker March - Unipsa Correduria de Seguro (Unipsa).
    15 February 2012
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