Latest: BIS Insurance News

PartnerRe reports quarterly and annual losses

PartnerRe Ltd. has reported its financial results for the full-year and fourth quarter of 2011, including a quarterly net loss of $17.6m, equating to $0.49 per share. This compares to a net profit of $57m, ($0.65 per share), in the corresponding period last year and the $180.1m it made in Q3 2011. The firm also [...]

NIG hires Manchester development manager

NIG, the commercial insurer, has announced the appointment of Warren Bainbridge as the new area business development manager (ABDM) for the firm’s office in Manchester. Bainbridge joins the firm from AXA, where he worked for almost two decades, most recently as North West regional director. In his new role with NIG he will assume responsibility [...]

“Toxic” annuity market slammed by NAPF

Millions of private sector workers saving for retirement are stuck with a “hugely unfair” annuity system which cuts up to £1 billion off pension incomes every year. The claim is made in a report from the National Association of Pension Funds (NAPF) and the Pensions Institute at Cass Business School. The report argues that around [...]

Markel reports 2011 results

Markel Corporation has reported its full-year financial results for 2011, including diluted net income per share of $14.60. This is just over half the $27.27 the firm made in 2010, but gross written premiums increased from $709m to $825m. Chairman and Chief Executive Officer Alan I. Kirshner said that the firm’s results were affected by [...]

LMIE announces trio of claims appointments

Liberty Mutual Insurance Europe Limited (LMIE) has announced three senior appointments to bolster its claims operations in London, Madrid and The Hague. Katie MacGregor becomes head of Claims in London, Renske Franken is appointed a claims manager in The Hague and Madrid is joined by new claims manager Ainhoa Tricas Spiteri. MacGregor will lead a [...]