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Aon Benfield aims for $700mn from e-portal
Aon Benfield is aiming to place $700mn of facultative business annually through its new e-portal FAConnect.
10 February 2010
Zurich proposes bumper dividend after solid 2009
Zurich Financial Services (ZFS) has issued a solid set of fourth quarter and full-year 2009 results, exceeding analysts' expectations with its shareholders' funds and a sizeable dividend.
10 February 2010
Ace posts 88.3% P&C combined ratio for 2009
Swiss-headquartered Ace Ltd posted an impressive 88.3 percent P&C combined ratio for 2009, assisted by last year's modest claims environment.
10 February 2010
US P&C 2009 results rebound but 2010 outlook is less positive
AM Best has estimated a tenfold increase in net income after taxes for the US P&C industry in 2009, rising to $30.6bn from the $3.8bn reported in 2008.
10 February 2010
German giants highlight price hikes in credit and aviation
German reinsurance giants Munich Re and Hannover Re both said that credit and aviation lines showed clear pricing improvements in an otherwise stale rating environment.
10 February 2010
Execution agrees to Portuguese controlling stake
Execution Noble has announced a recommended offer from Banco Espirito Santo de Investimento (BESI) to acquire a 50.1 percent controlling stake in the (re)insurance-specialising investment banking group.
10 February 2010
Specialist terror market welcomes proposed TRIA changes
The fledgling terrorism market has reacted positively to proposed changes outlined in the 2010 US budget, which would eliminate the $250mn federal backstop for those providing terrorism risk insurance.
10 February 2010
Brit CEO slams London's competitiveness
Dane Douetil, CEO of recently redomiciled Brit Insurance, has launched a comprehensive attack on the UK tax and regulatory environment, dubbing it "highly uncompetitive".
10 February 2010
Markel London slashes combined ratio
Markel International has reported a significantly lower combined ratio for its London business in 2009, in the latest indication that Lloyd's full-year results will be among the best ever.
10 February 2010
Beazley expected to trail vintage year for Lloyd's
Analysts have issued research concurring with The Insurance Insider's prediction of a return to near-record profitability at Lloyd's, with Beazley expected to signal a banner 2009 year when it reports tomorrow (9 February).
10 February 2010
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