Articles by Insurance Post Staff
IP Task Force concerned about use of the phrase ’Income Protection’
The Income Protection Task Force (IPTF) are meeting to discuss the Competition Commission Report on payment protection insurance (PPI) next week but believe there is an immediate need to prevent consumer confusion by outlawing the use of the term "Income…
Friends Provident enhances its CI Cover
Friends Provident announced today that it has enhanced its Critical Illness Cover (CIC) by extending the list of conditions covered under its plan to 36. The company has also extended the maximum policy term to 40 years and the age at which plans can end…
Argo Group says US CEO to leave; ups Ike loss estimates
Bermudian (re)insurer Argo Group said that its president of its U.S. operations, Dale Pilkington, will be leaving the Company as of May 1, 2009.
Willis appoints new head of Manchester office
Willis has appointed Tony O'Gara as branch director of its Manchester office effective immediately.
Thornton leaves Cooper Gay
The chairman of the British Insurance Brokers' Association Derek Thornton has left Cooper Gay where he was executive chairman of its UK wholesale broking business, FSJ.
Airmic publishes claims guide
The Association of Insurance and Risk Managers has published its claims best practice guide.
Tysers snags senior exec from Benfield
Tysers, the Lloyd's broker, said it has appointed Edward Page-Turner as a director of its marine division.
Travelers creates new underwriting chief role
Travelers Insurance has named Paul Cusition as chief underwriting officer for its international operations.
Asda appoints pet insurance provider
Asda has appointed Thornside, the pet insurance division of BDML, part of Capita Group, to provide and administer its pet insurance programme.
Ace extends into Lloyd's
Ace is writing the company's portfolio of environmental liability products at Lloyd's.
Transatlantic FY net income drops 79%; shares tumble
Transatlantic Holdings, the US reinsurer, reported a 79% drop in net income for 2008, after catastrophe losses and lower investment income heavily impacted the company's bottom line.
SMEs increasingly looking for professional advice
A survey of small to medium-sized enterprises (SME), conducted by QBE, has found that the sector is increasingly looking for professional advice when it comes to securing insurance cover.
Arch hikes estimates for Ike losses by $160m
Arch Capital, the Bermudian (re)insurer, said that it expects to report after-tax operating income available for common shareholders in the range of $75-90 million for the 2008 fourth quarter.
GAB Robins to handle major £15m blaze claim
GAB Robins has been appointed to handle claims estimated to be in excess of £15m following a major fire at historic building Raasay House on the Isle of Raasay near the Isle of Skye.
State Farm to stop writing Florida property risks
State Farm Florida, the Florida business of US insurance giant State farm, said that it plans to discontinue its Florida property insurance product lines.
Cadogan Hanover Park expands film and media cover
Barbon-owned Cadogan Hanover Park has expanded its film and media insurance offering to include post-production indemnity.
Allstate's immediate issue is capital adequacy, says analysts
US insurance giant Allstate may be struggling with capital adequacy, a senior Wall Street analyst has said.
GHL announce share repurchase
Guardian Holdings has given notice of its intention to repurchase up to 4% of its issued ordinary shares through a normal course issuer bid" undertaken in accordance with the rules and policies of the Trinidad and Tobago Stock Exchange and the guidelines…
CC clamps down on PPI sales
The Competition Commission has published its final report into the payment protection insurance market, setting out the measures it has decided are needed to introduce competition between suppliers.
Allstate posts $1.1bn fourth quarter loss; says to cut 1,000 jobs
Allstate,US insurance giant reported a net loss of over $1.1bn in the fourth quarter of the year, thanks to investment writedowns and catastrophe losses.
Managers feeling fatalistic about redundancy threat
Managers in the insurance industry now see redundancy as "inevitable", according to the Chartered Ma...
CII to offer helping job hand
The Chartered Insurance Institute has published a comprehensive guide to help employees cope with th...
THB makes £4.6m profit
Lloyd's broker THB has reported turnover of £51.9m and an underlying trading profit £4.6m for the 18...
Appointment at Marsh
Marsh has recruited Kenneth Kwok as Hong Kong chairman, reporting to Mr Paul Wilkins, chief execut...