Broker
Lloyd’s – China: Chasing the Chinese dream
As the world’s second largest economy, China is a tempting opportunity for insurers. Leigh Jackson reports on the key role being played by Lloyd’s, the difficulties in gaining traction and the reality checks on expectations.
Insurer estimates hit £750m as city riot damage racks up
RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims with the latest riot bill estimate hitting £750m, as Post went to press.
Mitsui poaches Catlin pair in Midlands market push
Mitsui Sumitomo has enticed an underwriting duo from Catlin to spearhead its regional mid-market push in the Midlands, Post has learnt, having earlier lured a team from Chubb to build its presence in Ireland.
Solicitors’ PI squeezed further as Chartis exits new business
Chartis UK has blamed the high volume and cost of claims for its decision to stop writing new solicitors’ professional indemnity business this year but has not ruled out reversing its policy in the future.
Aviva rules out target change despite over-achieving
Aviva has pinpointed a much improved private motor result as being pivotal to it posting an above-target combined ratio of 96% (H1 2010: 98%) for its half-year UK general insurance business. But despite emphasising “strong continued momentum” in UK GI…
Giles in bid to protect jobs after CBG buy
Expansionist broker Giles has vowed to protect jobs “where possible”, following the acquisition of Manchester-based broker CBG, which is expected to be finalised within two weeks.
BIS Countdown - British Gas: A closer bond
British Gas Insurance launched in 2009 with ambitions to become a major player, and fast. Jonathan Swift talks to Chris Stern and Edward Dutton about the challenges and opportunities they have encountered to date.
Career development & CSR: Mercury West staff prove they are Tough Guys
Iron-lunged brokers from Mercury West Associates proved they had the mettle to tame ‘the nettle’ after completing the Tough Guy Challenge.
Career development & CSR: CFC triathlon teams raise £3000 for charity
Thousands of pounds were raised for charity as fighting fit employees from CFC Underwriting pushed themselves through the pain barrier at the Active London Triathlon. Months of training were put to good use during the gruelling annual event, which tested…
Interview - Keith Stern: Raising the regional profile of Lloyd's
Tasked with rejuvenating Lloyd’s in the UK, as others look to international expansion, Keith Stern talks to Leigh Jackson about raising its regional profile and how he plans to overcome some common misconceptions.
People moves - 11 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 11 August 2011 edition of Post.
Legal expenses - Commercial cover: Two sides to the story
With the legal expenses sector about to undergo a massive shake-up, Jakki May looks at the changes, why some are welcoming them with open arms and why others
Brit brokers reminded to keep policyholders up to speed
Brit Insurance has issued a reminder to all its brokers to ensure that policyholders affected by the UK riots notify the company with detailed information about the claim within seven days.
Post Magazine – 11 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
CGSC names first-ever group CIO
Brent Kruger has appointed as Cooper Gay Swett & Crawford’s first group chief information officer.
Marsh and Zurich respond to riots
Marsh and Zurich have responded to the escalating riots across the country with guidance notes and have vowed to help customers get back on their feet.
Now Health International launches online quote facility for group IPMI
Now Health International has launched an on-line facility which it claims provides instant international health insurance quotes for up to 50 employees in seconds.
Riots could lead to a hardening market claims broker boss
Insurers are likely to be left counting the cost of repairing damage caused during riots on the streets of London and beyond, however, the ongoing chaos could also provide a catalyst for a hardening market.
Broker Reich buys Glasgow's Surenet
Independent broker Reich Insurance has bought Glasgow-based broker Surenet Agency, Reich’s second acquisition in two months. It follows the addition of Bolton broker D. Barnett to its network.
Europe's senior-level professionals pack work for their holidays
Europe's senior-level managers and executives are bringing work with them on holidays according a recent survey.
Riot victims urged to speak to brokers
The British Insurance Brokers’ Association is advising those people affected by the recent riots around the UK to speak to their insurance broker as soon as possible so they can assist with their loss.
THB expands Amsterdam office
Broking group THB is expanding its European division, and has appointed Jeroen Nieuwold as a senior broker. He previously worked with Aon for 12 years. He will be based at the European office in Amsterdam.
Insurance standards improving report finds
For the first time since its inception in 2006, the annual Insurance Manager survey into insurance industry standards indicates things are getting a bit better.