Post - 2010-02-25
Allianz Insurance is considering remodelling its Cornhill Direct business into an online- only provider.
Quinn Direct is to appeal a High Court judgment from October 2009, which it claims relates to issues "central to the rights of insurers".
Swinton has revealed it is targeting at least 30 acquisitions in 2010, after purchasing the personal lines business of CBG Insurance Brokers.
Eight years after publishing their first collaborative standard, the UK's three main risk management bodies have joined forces once again to co-author a new, free practical guide on enterprise risk management.
Independent intermediary Clear Insurance Management has created its first satellite office, after completing its purchase of Lynas Vokes Insurance Brokers.
Capita has vowed to retain a presence in the claims management sector, despite another senior departure.
Axa Insurance's strategy of lifting rates and exiting relationships with managing general agents has led to a 13% reduction in volume in its commercial lines book over the course of 2009.
The Motor Insurers' Bureau has introduced an annual levy on motor insurers of £397m for 2010, marking the third reduction in contributions to the fund of last resort in three years.
Brightside insurance director Arron Banks has revealed plans to double the gross written premium of underwriting businesses Ecar and Ebike to over £200m by moving the products to panel arrangements.
Sterling Insurance has allocated capacity of £12.5m estimated maximum loss to its new executive business offering.
Provident has claimed a victory for the insurance industry after it avoided a potential cost of £200 000 in fraudulent personal injury claims.
Although most of the insurers Post called last week were reticent to talk about the prospective merger of the Accident Management Association and National Association of Credit Hire Operators, the plan can only aid both sides in coming to amicable…
New legal practice Fenchurch Law has agreed a deal with legal expenses insurer Temple Legal Protection to offer clients after-the-event policies on a delegated authority basis.
Bennetts Commercial has set its sights on increasing commission income by 15% this year after adding ex-Jelf regional director Carole Lowe to its senior management team.
Groupama Insurances UK chief executive Francois-Xavier Boisseau has vowed to increase private motor rates, pinpointing the division as the "only culprit" for the insurer's fall in profits.
Kerry London has targeted 10% growth for 2010, after reporting a £0.8m increase in turnover to £15.9m in 2009.
Swiss Re returned to profit in 2009, reporting net income of CHF506m (£303m) for the year, compared to a loss of CHF864m in the prior year.
The British Insurance Brokers' Association has welcomed the decision by US insurance officials to allow three major brokers to resume accepting contingent commission, bringing legislation more in line with the UK.
A founding member of the Willis Commercial Network has become one of the first brokers to sign up to Marsh's commercial network.
A SURVEY by Allianz of brokers' awareness of the Corporate Manslaughter Act has revealed 44% are unaware of the penalties it proposes.
The British Insurance Brokers' Association has warned brokers after the government stepped up plans to impose heavy fines for data security breaches.
The Ministry of Justice has defended its decision to shorten the response time for its defamation costs consultation paper after the Legal Expenses Insurance Group hit out at the "arbitrary reduction" last week.
Concerns are mounting that the imminent Ministry of Justice claims process reforms could encourage claims to be settled without medical evidence, creating significant exposures for solicitors and insurers.
If the Conservative Party regains power at the 2010 elections, the insurance industry can expect to see a massive shake-up. In the first of Post's six-part profile of all the major parties Stephanie Denton talks to MP Mark Hoban, shadow minister for the…
What are we to make of Lord Justice Jackson's proposals for civil litigation costs? Are they beneficial for the insurance industry? And what of the claimant?
The logic of the recent rating announcements from AA Insurance, Zurich et al ticks all the right boxes for shareholders but lacks any credibility, given how insurers still have so many areas where the figures on rate increases bear no relevance to the…
I read the interview with Merlin's CEO and could not believe Richard Webster's conclusion, after breaching banking covenants, that "what we have learnt is... if you are exposed to the household market, you will see your demand go up and down alongside…
Preparing for Solvency IIis turning out to be a much bigger challenge than many initially anticipated. Sam Barrett reports on what companies are doing to scale up in time.
Insurers need to now up the momentum in their design and implementation efforts for Solvency II, urges Stephen Lucas.
The internet has had an enormous impact on the insurance industry, Post hosted a roundtable to find out its influence on product delivery. Stephanie Denton reports.
While most in the insurance industry will not be looking to expand in the current global economy, Jane Bernstein points to an area where there are substantial opportunities for those willing to take the plunge.
Five years after establishing a Middle East base, Mark Greenwood details how the Chartered Insurance Institute is developing and delivering relevant qualifications in the local markets.
Stuart White examines cases of when snow is causative of damage and the all-important definition of storm.
When does an ambitious sales pitch become a fraud? Dipti Hunter and Michael Williams report on the difficulties in proving fraudulent misreprentation.
The recent case against Ridgeway school raised important questions. Nick Yates examines why the case needed to be fought.
Glaister and others v Appleby-in-Westmorland Town Council (Court of Appeal — 9 December 2009)
Sughra Sulaman v Axa Insurance and another (Court of Appeal — 9 December 2009)
Robert Eric Spencer v Wincanton Holdings (Wincanton Logistics) (Court of Appeal — 21 December 2009)
the Chartered Insurance Institute has launched an online campaign aimed at showing young people the variety of opportunities that a career in insurance can offer.
A series of clinics aimed at helping brokers get the most out of their Open GI trading systems has been accredited by the Chartered Insurance Institute for the third year running.
Groupama Insurances has launched a corporate initiative to drive talent within the company with the appointment of a new talent and resourcing manager.
A director at insurance software solutions provider Total Objects is preparing to trek to the North Pole to raise money for the Coins Foundation charity
Penny was out and about with Hastings CEO Edward Fitzmaurice this week, and one couldn't help but be surprised by his music taste. After a discussion of the fine arts — and not so fine arts — something of a revelation occurred. Among the standard…
Fraud squad officers are planning a month-long inquiry in South Africa, Greece and Liberia into the riddle of the missing $24m tanker Salem (215 000 tons) and its oil cargo worth $56m, which vanished en route to Europe in January.
The United Nations has a key role to play in the development of insurance in developing countries.
Insurers will not foot the bill for the biggest product recall in UK history — but the cost of paying out on related policies, defending claims and establishing liability, could reach billions of pounds.