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Motor insurers urged to aim for profit

Motor insurers need to do more to improve profitability and return their collective underwriting loss back to the black.

Insurer | 24 May 2012 secure

company-car
Experian logo

Experian joins forces with Transactor

Insurance software house Transactor Global Solutions has launched a data enrichment service using data from Experian.

Lloyd's/London | 24 May 2012 secure

Lynn Rouse

Editor's comment: Slow demise or new dawn?

Six years ago, the Lloyd's Motor Underwriters Association was subsumed into the overall Lloyd's Market Association – a clear signal that a once powerful force in the car insurance arena had accepted its heyday was long behind it.

Lloyd's/London | 22 May 2012 secure

dublin-daytime-cityscape-looking-down-river-liffey

MSI Management cites 'favourable business environment' following Dublin move

Mitsui Sumitomo service company MSI Management UK and Ireland is to open a Dublin headquarters to be the intermediary hub for regional underwriting business, underwritten by Syndicate 3210 at Lloyd's.

Insurer | 18 May 2012 secure

singapore

Ascot Asia takes on RSA boss as head of property

Ascot Underwriting has appointed Jon Gilliott, RSA Singapore's head of property, reinsurance and speciality, as head of underwriting for its Asian operation.

Insurer | 15 May 2012 secure

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The insurance business resource library

Insurance Hound

A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis

recruitment

Market moves: IFB adds four to team

With the fight against fraud hanging in the balance, the Insurance Fraud Bureau was one of the most active recruiters this week, welcoming four new staff - including a new operations co-ordinator – into its team.

Insurer | 15 May 2012 secure

Naval officer with binoculars

Marine: A stormy start to 2012 and choppy waters ahead

With the Costa Concordia disaster in January, the marine market has had a tough start to the year. What impact has this had on the state of play in an already difficult sector?

Insurer | 15 May 2012 secure

recruitment

CFC further bolsters professional risks team with Walker appointment

CFC is back on the recruitment trail following the appointment of former Sydney-based CGU professional risks team leader Andrew Walker.

Insurer | 11 May 2012 secure

Catastrophe image

Lloyd's: Can the market fully recover from the losses in 2011?

Lloyd's' market performance and underwriting discipline has long been praised by the industry but, after the near unprecedented losses in 2011, many are wondering whether it can fully bounce back.

Lloyd's/London | 08 May 2012 secure

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David Reed.

Insurer | 08 May 2012 secure

European risk and insurance intelligence

Insurance Insight

Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets

Insurance Insight
Andrew McKee CEO of Mitsui Sumitomo at Lloyds

View from the top: Making the middle market work

Insurers cannot afford to be all talk and no action; creative ideas must become underwriting realities, says Andrew McKee.

Insurer | 08 May 2012 secure

Jon Hancock

RSA ties-up £375m worth of Gallagher subsidiary OIM deals

RSA has this morning confirmed the completion of two new five-year household deals and a commercial combined deal with Gallagher subsidiary OIM Underwriting.

Insurer | 04 May 2012 secure

Comparethemarket.com logo

Compare the Market makes double addition to car insurance panel

Compare the Market has announced the addition of Sabre-underwritten Insure2drive and Good Girl to its car insurance panel.

Insurer | 03 May 2012 secure

Graeme Newman

CFC makes first big appointment following news of Hyperion split

CFC Underwriting has unveiled its first major appointment since the news that Hyperion boss David Howden is to sell his majority stake in the firm.

Insurer | 02 May 2012 secure

jobscut

Zurich pledges broker commitment as 15% of staff cut in PL shake-up

Zurich has moved to reassure its brokers following the news that it will cut almost 15% of its UK workforce and transfer a big chunk of its personal lines business into its own broker, Endsleigh.

Insurer | 01 May 2012 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Work equipment risks in the UK

Work equipment risks in the UK

The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.

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