Post - 2010-07-08
Articles in this issue
Post Magazine – 8 July 2010
Subscribers to Post can now read the latest edition online as a digital e-book.
Kwik Fit fan Smith hails the potential of £215m broker deal
Fortis UK has secured access to the Kwik Fit group's database of motor repair customers as well as the brand for a minimum of 10 years as part of its £215m acquisition of its insurance intermediary arm.
Ex Broker Network team set to challenge Towergate with start-up
A new broker has been set up by former Broker Network employees that will go head to head with Towergate's recently merged Manchester operation.
Chartis: regulation deciding factor for London hub choice
The strength of the UK's financial regulation was a deciding factor in London being selected over other major European cities as the hub for Chartis' new regional headquarters.
Confidence returning to insurance sector
Lloyds TSB Corporate Markets is poised to announce further credit facilities with insurers, after arranging a multi-million refinancing agreement as part of a consortium for Hiscox.
MP urges Europe to be committed to Solvency II
Jonathan Evans MP has urged other European countries to match the efforts of the UK in its preparations for Solvency II.
Interview - Stefano Tranquillo: Sticking to the principle
FM Global's Stefano Tranquillo may have a diverse background but, he tells Lynn Rouse, the company has achieved first-class underwriting results using a risk management model that has changed little in the 175 years since it was founded.
Equity World Cup competition - week five: The big one looms
Your last chance to enter our World Cup competition to win an Ipad.
The European insurance sector in focus
Post Europe is the latest initiative from the team behind the UK's market-leading general insurance weekly Post.
View from the top: The approved model
The Australian capital requirements and the Dutch pension funds experience show that few insurance companies have achieved the Holy Grail of an approved internal model. However, as Solvency II approaches, insurers are looking beyond the standard formula…
Broking focus - bribery act: Proscribing bribing
With the spotlight on broker commissions, Leigh Jackson reports on the incoming Bribery Act and the threat it poses for financial incentives.
Property - timber frames: Fanning the flames
With the UKTFA introducing the Site Safe initiative for timber-framed buildings, Amy Ellis reports on the progress made in this highly flammable area.
M&A - Insurance business transfers: Back in fashion?
With a number of restructurings set to happen, Bruno Geiringer asks whether insurance business transfers could be ready for a resurgence.
Claims - Real estate: Estate of play
With real estate investment going global, Graham Smart examines the insurance industry's approach to protecting the assets involved.
Underwriting - Delegated authority: Two-way communication
Jon Francis examines the issues for brokers using a delegated underwriting authority model, as scrutiny of its use increases.
Career development & CSR news: Solvency II demands see risk pay scales increase
Pay scales are being pushed up for risk professionals in the insurance industry as a result of Solvency II, according to search firm Kinsey Allen International.
Career development & CSR News: First graduate for AMII exam
The new Association of Medical Insurance Intermediaries & Chartered Insurance Institute IF7 examination introduced from 1 July has its first graduate.
Career Development & CSR news: Insurance employees top stress league
Insurance workers are more stressed out than any other profession, a new poll has claimed.
Postscript - 50 years ago: Fire losses mount up
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Postscript - 30 years ago: Bowring streamlines for takeover
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Postscript - 10 years ago: Calls for 'safe harbour'
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Postscript - 5 years ago: Terrorism claims get tougher
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Penny Black's insurance week
Last week, Post reported how the Association of British Insurers' director of general insurance and health, Nick Starling, attended a conference for fire and rescue specialists in Harrogate.
NIG slips into the red as RBSI brands all suffer
Royal Bank of Scotland Insurance subsidiary NIG was the only one of its major four brands to record a loss in 2009, Post has discovered.
Equity Word Cup competition - week five: Insurer in play
Mike O'Mahoney of Equity Red Star
Equity Word Cup competition - week five: Broker on the ball
Terry Carroll of Swinton
Broker Direct sees profit fall by three quarters
Broker Direct saw its profit fall by three quarters in 2009, and chief executive Roy Green predicted the firm’s profitability will be “under pressure” for the remainder of 2010.
A kwik fix for Fortis?
Fortis’ onward march continued last week with the not-so-unexpected news that it had acquired the Kwik Fit insurance business.
Dual makes property and casualty move
Dual Corporate Risks has branched out from its professional indemnity and directors’ and officers’ heartland and entered the property and casualty market with the appointment of the former managing director of Glacier Group, Steven Price.
Heath Lambert raids Lark for M25 push
Heath Lambert has created a specialist commercial division with the target of capturing SME business within the M25 zone.
Policyfast enters Lloyd’s after acquisition of SP
Wholesale broker Policyfast has entered Lloyd’s after being granted coverholder status and acquiring an underwriting team from Stevenson Price.
OIM hires ex Bluefin boss
Former Bluefin managing director, Chris Ladkin is joining OIM Underwriting to head up its new Finpro team.
CN launches scooter cover
Carole Nash has launched an online brand targeting commuter motorcyclists and scooterists, initially via Go Compare.
Allianz predicts MoJ fast track system will save £5m
Allianz is expected to save more than £5m a year by processing personal injury claims through the new fast track Ministry of Justice system for road traffic accidents.
Clear boost for household book
Allianz has grown its household book by almost £30m in the 18 months since the launch of its Clear household product. Gareth McChesney, head of portfolio management at Allianz Retail told Post that in December 2008 its household book in the broker market…
Halliwells to seek more time for sale
Halliwells is expected to ask for more time to negotiate its sale after more parties showed an interest in buying all or part of the firm.
Affinity news: Brand butlering offers third way for providers
Post’s Affinity 2010 event was held in London last week, brining together key players in the sector – from insurers, brokers, affinity brands and other suppliers – to learn about and debate the latest developments.
Affinity news: Insurers urged to look beyond top-20 targets
Post’s Affinity 2010 event was held in London last week, brining together key players in the sector – from insurers, brokers, affinity brands and other suppliers – to learn about and debate the latest developments.
Affinity news: Risk sharing not on the agenda
Post’s Affinity 2010 event was held in London last week, brining together key players in the sector – from insurers, brokers, affinity brands and other suppliers – to learn about and debate the latest developments.
Affinity news: Watson: look at aims first
Post’s Affinity 2010 event was held in London last week, brining together key players in the sector – from insurers, brokers, affinity brands and other suppliers – to learn about and debate the latest developments.
Affinity news: Go bespoke or reach out to others
Post’s Affinity 2010 event was held in London last week, brining together key players in the sector – from insurers, brokers, affinity brands and other suppliers – to learn about and debate the latest developments.
Rehabilitation Awards 2010 – Welcome
Guests were welcomed to the Rehabilitation First Awards 2010 in the sumptuous surroundings of Merchant Taylors Hall by the chair of the judging panel, deputy editor of Post Lynn Rouse, who outlined why there should be a real sense of optimism and…