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Amlin hopes for ACI growth after...

May 17, 2012

Amlin’s reshaping of its troubled corporate insurance division appears to be complete, an interim management statement today suggests, prompting one analyst to predict “small growth from here”. Overall the insurer reported strong premium growth for the first quarter of 10.5% to £1.4bn, a fair proportion of which came as a result of price increases – 75% of the portfolio achieved improved rates, but there was also substantial volume growth. Premium income at its Amlin Corporate Insurance division, which has been the area causing the most concern since it was acquired in June 2009, was cut by a further 17% year-on-year. Execution analyst Joy Ferneyhough described the progress on ACI as slow, but added: “The positive news is no more bad news. Premiums are down 17%, however the pruning and re-shaping is now complete apparently and we should expect small growth from here.” Amlin’s own...

Maaf outperforms French market in 2011

May 16, 2012

French mutual insurer Maaf outperformed the market in life insurance in 2011, but lost some...

Allianz calls for Greece to stay in eurozone

May 15, 2012

Allianz, which is active in almost every European country, has voiced its criticism of calls...

ID Summit: Regulators insist good progress on Solvency II harmonisation

May 15, 2012

European and US regulators insist good progress is being made on developing Solvency II harmonisation,...

Euler Hermes earnings decrease to €66m

May 15, 2012

Franco-German credit insurer Euler Hermes saw its net earnings fall to close to €66m ($84.5m)...

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