Post - 2010-04-01

Market awaits Quinn fallout

Brokers, trade bodies and insureds in the UK and Ireland were seeking further clarification as to the true financial situation at Quinn's insurance businesses as Post went to press, amid mounting speculation that intermediaries are already seeking to…

MIB chief: warning over extra ELTO costs

Motor Insurers' Bureau chief executive Ashton West has warned insurers that they face "significant" extra costs as a result of an agreement with the Association of British Insurers to jointly build an Employers' Liability Tracing Office.

Earle joins GAB to strengthen casualty

GAB Robins has strengthened its burgeoning casualty department with the appointment of former Teceris technical director Richard Earle as a senior casualty adjuster.

Axa boss hits back at Accident Exchange

Axa Insurance claims managing director David Williams has hit back at credit hire operator Accident Exchange, after being revealed as the insurer with the most exposure to Autofocus evidence.

Invicta buys Lowe

Invicta Insurance Services has acquired Kent-based Lowe Insurance in its second acquisition in two weeks.

GI market to suffer

The UK general insurance market is likely to suffer from a decrease in investment returns and greater claims inflation in 2010, according to Pricewaterhouse Coopers.

Editor's comment: What next for Quinn?

Tuesday saw a flurry of activity following the news that the High Court in Ireland had appointed provisional administrators to Quinn Insurance, on an application by the Financial Regulator.

Law Commission hits mark

The Law Commission's recommendation that damages should be available for policyholders who receive delayed claims payment has been well received by the insurance industry.

FSCS cuts levy

The Financial Services Compensation Scheme has ruled out a multi-million pound interim levy on insurance intermediaries this financial year, in favour of introducing a £61m levy in 2010/2011.

Arc teams up with Giles

Arc Legal Assistance has agreed a deal with Giles to provide legal expenses and advisory products to the broker's customer base.

Postbox: Use your votes wisely

I would like to congratulate Post on its pre-election coverage of the major parties, culminating in last week's insightful interview with Lord Myners.

E-Business 2010: Opportunities abound

Talk about e-business in the insurance sector and most people think of personal lines sales and quotations, and perhaps a bit of supplier management. Talk about potential growth and the onus is very much on commercial lines, and the role of the broker.

E-Business 2010: A more refined approach

The temptation to be reactive to rapid changes in the ultra-competitive personal lines motor market is immense. Andy Nightingale explains why more discerning tactics are required.

Jelf receives Beacon recognition

Insurance broker Jelf has become the latest Beacon South-west accredited company, being recognised as one of the region's top performing businesses.

Chaucer

Chaucer Holdings has appointed Andrew Voke to the newly created role of head of production for Syndicate 1084.

Sidley Austin

Martin Membery and Matthew Griffith will be joining Sidley Austin as part of the continuing expansion of the firm's London insurance practice.

Liberty

Liberty International Underwriters Europe, a division of Liberty Mutual Group, is expanding its regional operations into Birmingham with the appointment of Dave Canning as regional senior underwriter.

NIG

NIG has appointed seven area underwriting managers.

Zurich

Zurich Financial Services Group has appointed Pascal Perritaz as chief financial officer for Asia-Pacific and the Middle East.

Miller

Miller has appointed Neil Higgins as a global facultative reinsurance specialist.

Cunningham

Cunningham Lindsey has appointed a fraud manager in its liability services division, to support an increased focus on fraud investigation.

Harris Balcombe

John Williams and David Toothill have joined claim recovery specialist and loss assessor Harris Balcombe.

Scott Rees

Personal injury solicitors Scott Rees & Co has appointed its first compliance officer.

20 years ago: Crisis as Wallbrook is suspended

The London insurance market is facing a new crisis following the secretary of state for trade and industry Nicholas Ridley's decision to bar Wallbrook Insurance from underwriting new business, notably US excess liability risks, due to insufficient…

Penny black's insurance week

With so many companies having changed their name of late it is easy for even the most avant-garde insurance observer such as one, to sound resolutely stuck in a late noughties time warp. So, Penny was relieved to hear she's not alone and that no amount…