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Light at the end of the tunnel for UK motor insurers, says Towers Watson
Embattled UK motor insurers have made significant strides towards returning to underwriting profitability, according to analysis of 2010 results by Towers Watson.
20 September 2011
Straw keeps pressure on referral fee reform
Labour MP Jack Straw has added to the growing momentum for an imminent ban on referral fees in the UK after his private member bill was read in the UK House of Commons with no opposition.
19 September 2011
UBS $300mn D&O policy only protection from rogue trader losses
Despite seeing nearly $5bn wiped off its market value late last week, UBS will receive scant compensation from its insurers for the activities of its alleged London rogue trader Kweku Adoboli, The Insurance Insider can reveal.
19 September 2011
Survey highlights growing SII pressures on legacy books
Pressures from the forthcoming Solvency II regime are putting an increased focus on discontinued lines, according to respondents to a PricewaterhouseCoopers' (PwC) survey on discontinued insurance business in Europe.
19 September 2011
Ince & Co Hamburg looks to expand
Celebrating its first ten years, Ince & Co's Hamburg office revealed its determination to capitalise on growing opportunities in the energy and offshore sector.
19 September 2011
Berkshire Hathaway attracted by Europe’s legacy
Berkshire Hathaway is ready to take its shopping trolley to continental Europe to pick up discontinued insurance business, according to a key executive at the Warren Buffett-led firm.
19 September 2011
R&Q returns capital
Randall & Quilter (R&Q) has proposed returning a further 3.2 pence per share to its ordinary shareholders after insisting it was on track to meet its full-year expectations despite lacklustre H1 results.
19 September 2011
Riverstone sues Saudis in fresh 9/11 lawsuit
Ten years after the events of 9/11, a Lloyd's run-off syndicate has filed a lawsuit to sue the government of Saudi Arabia, alleging that the Saudis helped finance and support the terrorist group Al-Qaeda.
19 September 2011
NFIP set for short term extension
Lawmakers in the US are eyeing another short-term fix for the beleaguered National Flood Insurance Program (NFIP) to avoid a lapse of coverage during the Atlantic hurricane season.
19 September 2011
Alterra to take advantage of Irish regulatory shift
Alterra Europe could be set to take advantage of new rules from Irish regulators that may allow insurance companies to write a higher proportion of reinsurance business, The Insurance Insider understands.
19 September 2011
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