Broker
Post magazine – 31 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
ABI disappointed with FOS decision
The Association of British Insurers has said it is “disappointed” at the Financial Ombudsman Service’s decision to increase its levy on firms.
Insurers urged to “take stock” of Supreme Court immunity ruling
Law firm Beachcroft has warned the insurance industry review its policy cover for expert witnesses following a Supreme Court ruling abolishing their general immunity.
Beazley revises MENA outlook to negative
Insurer Beazley has revised its outlook on the Middle East and North Africa to negative following the civil unrest in the region.
Beazley revises MENA outlook to negative
Insurer Beazley has revised its outlook on the Middle East and North Africa to negative following the civil unrest in the region.
Industry applauds government green light on legal cost reform - Insurance News Now - 31 March 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the industry's response to Ken Clarke's announcement that success fee recoverability in no win, no fee cases is to end.
Brit Insurance appoints new non-exec
Brit Insurance Holdings has nominated Hans–Peter Gerhardt as a non-executive director.
Brokers await Bribery Act guidance
The Ministry of Justice’s final guidance on what companies will need to do to comply with the Bribery Act, is set to be released tomorrow.
Portuguese broker MDS targets Spain
Portuguese retail broking giant MDS has confirmed expansion plans for Spain.
Junction expands affinity footprint with NFU Mutual deal
BGL affinity arm Junction has launched a new personal accident cover product for customers of its partners.
Canopius acquires K Drewe and Look
The largest privately owned Lloyd’s company, Canopius, has acquired the businesses of K Drewe Insurance Brokers Limited and Look Insurance Services Limited.
Portuguese broker MDS targets Spain
Portuguese retail broking giant MDS has confirmed expansion plans for Spain.
Oval backs Olympic hopeful
Oval is to sponsor Tom Allen, an 18 year-old Olympic swimming hopeful from Wales.
Fitch upgrades Italian insurance market
Fitch Ratings has revised the rating outlook for the Italian non-life insurance market to stable from negative, on the grounds of improving profitability driven by premium rises and better risk selection.
Axa hires Stewart as commercial director
Axa has hired Alasdair Stewart, formerly of the Chartered Insurance Institute (pictured right), to the position of commercial director.
Let Alliance appoints Ian Shackell to the board as non-exec
Let Alliance Ltd has appointed a new non-executive director Ian Shackell to its board of directors.
Fitch upgrades Italian insurance market
Fitch Ratings has revised the rating outlook for the Italian non-life insurance market to stable from negative, on the grounds of improving profitability driven by premium rises and better risk selection.
Lockton Middle East subsidiary gains chartered status
Lockton subsidiary Lockton MENA Limited has succeeded in its application to achieve Chartered Broker status from the Chartered Insurance Institute.
Personal injury fraudster jailed
A man who made a £1.35m claim for damages for injuries in a car crashhas been jailed for a year after a court found him guilty of contempt of court.
Brightside reports 48% rise in revenue
Brightside increased its revenue by 48.1% to £66.2m in 2010 (2009: £44.7m).
Willis Re: S&P economic capital criteria “incentivises insurers”
Willis Re’s report on Standard & Poor’s new criteria for assessing insurers’ economic capital models has found the latest S&P release “incentivises insurers to adopt more sophisticated internal capital models” by giving them the opportunity to use the…
Go Compare profits soar beyond £30m for 2010
Price comparison site Go Compare has reported a £30.1m pre-tax profit during the 2010 financial year (2009: £12.1m).
Willis Re: S&P economic capital criteria “incentivises insurers”
Willis Re’s report on Standard & Poor’s new criteria for assessing insurers’ economic capital models has found the latest S&P release “incentivises insurers to adopt more sophisticated internal capital models” by giving them the opportunity to use the…
Stronger regulation prompts Chartis rethink
Chartis has modified its policy for private equity and venture capital firms in order to greater deal with the “more robust” regulatory environment.