Post - 2011-05-26

Postbox: Respect for privacy vital in digital age

More than 30 million adults in the UK are signed up to Facebook, and the number of people using social media such as Twitter is growing at a phenomenal rate. Together with the increased use of e-mail and text, there is a real shift in the way we…

Penny Black's insurance week

Still fresh in the mind, this month's Biba conference was awash with the usual rumours that started on stands and, by the second night, were sworn gospel.

Insurers fight to avoid ash cloud backlash

As Post went to press, insurers were racing to publicly outline their claims positions on the latest volcanic ash eruption, in a bid to avoid the media backlash the industry suffered 12 months ago. More than a year after the extensive disruption caused…

Claims Club dinner & awards 2011

Jonathan Swift, chairman of the judging panel and Post's editor-in-chief, welcomed guests to the 2011 Claims Club annual dinner at Grand Connaught Rooms, London by praising the hard work that the claims industry does and explained that in aiming to…

Junction sees huge boost after B&B buy

A year after its acquisition of Bradford & Bingley's motor and home insurance business, Junction claims to have boosted new home policies by 200%, increased sales on its smaller motor book by 1000% and improved renewal rates by 25%. The firm has now…

Ageas to hike household rates to emulate motor

Ageas is set to continue hiking rates on its household insurance, on top of the 10% it has already pushed through in the first quarter of 2011, in a bid to replicate the improved combined ratio already seen in its UK private motor performance.

Chaucer takeover set

The acquisition of Chaucer by The Hanover Insurance Group, set for completion by 1 July, will create a combined premium income of $4bn, and bring scale, diversity and financial strength benefits to all stakeholders, according to the Lloyd's insurer.

Law change in Japan could override policies

New insurance regulations in Japan could inadvertently heighten the industry's exposure to the Japanese earthquake and tsunami damage and, in some cases, override existing policy wordings, according to a specialist lawyer.

Eight against EU-wide tax base

Eight countries have come out against plans to introduce a standard European Union-wide corporate tax base, following the deadline of 20 May.

Legal expenses - ATE: End of the road?

With the government giving the green light to implementation of Lord Jackson's civil litigation reforms, Leigh Jackson details the adverse reaction of legal expenses insurers and whether this sounds the death knell for the ATE market.

Towergate sets £25m target for new in-house e-trading arm

Towergate Underwriting has targeted an additional £25m in gross written premium once its new commercial e-trading proposition goes live this summer. The firm currently claims to control a total of £600m in GWP — of which £75m is through various software…