insurance market
UK non-life run-off market increases by a third
Total liabilities of the UK non-life run-off market increased by approximately 30% to an estimated £37.4bn in 2008, up from £28.3bn in 2007. This...
Willis Group Holdings to announce third-quarter earnings on October 26
Willis Group Holdings Limited, the global insurance broker, will announce its earnings for the third quarter ending September 30, 2009 after the market closes...
Lloyd’s reports a 40% increase in first-half profits
Lloyd’s first half profits up 40%. Lloyd's has reported a 40% increase in first-half profits to £1.32bn, which it attributed to a combination of...
Broker Direct goes comparative on retail combined products
Broker Direct has broadened its offering for shops, pubs and restaurants by turning its Retail Combined Insurance product into an online comparative product for...
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...
UK life insurers were tested with easier stress-test than banks.
According to Financial Services Authority, life insurers could survive a recession that assumed a 15 percent drop in property prices in 2009.
Competition Commission to propose measures for Payment Protection Insurance (PPI) market
The Competition Commission (CC) has today published a draft order for consultation setting out how measures to introduce competition into the Payment Protection Insurance...
Lloyd’s to repurchase £102m of debt securities
Lloyd’s, the world’s leading specialist insurance market, announced that it will repurchase the local currency equivalent of £102 million of its outstanding debt securities,...
Recession – One in four brits cancel their home insurance
Research published by the ABI (Association of British Insurers) on the day of its biennial conference reveals that almost a quarter of people admit...
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