Broker
Allianz Global Assistance turnover hits €2bn
Allianz Global Assistance has reported a global turnover of €2.1bn, suggesting that it is on target to reach €3bn by 2015.
Diversification key to favourable ratings for mutuals
The unique characteristics of mutual insurers mean that some are being encouraged towards diversification by regulators and rating agencies, according to a report by Willis Re.
Tysers continues corporate recruitment drive with double appointment
Tysers has this morning confirmed the appointments of Andy Lucia, pictured, and Lee Saunders to the UK corporate division's professional indemnity team.
Quidco Compare adds home and travel
Cashback and voucher comparison site Quidco Compare is expanding into home and travel insurance.
Laspo Bill gains Royal Assent, but frustrations and issues remain unresolved
Following last week's parliamentary 'ping pong' of the Legal, Aid, Sentencing and Punishment of Offenders Bill, the controversial legislation is finally set for the statute book, having been granted Royal Assent on 1 May.
Penny speed meets ... Lorega chairman Malcolm Harvey
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own 'speed…
Market moves: Liberty and Garwyn lead the pack
Insurer Liberty Mutual and loss adjuster Garwyn were the main movers and shakers this week, with LMI officially opening its new office in Leeds and recruiting four new members of staff.
Contingent commissions: The reasons behind the latest u-turns
With Willis the latest broker to perform a u-turn on contingent commissions, how will the market react?
Your say: Death by data or real opportunity?
The insurance industry has struggled to exploit the true value of data, says Vince Chaney.
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.
Redomiciling: London calling as tax changes make the UK more attractive
Will a reduction in corporation tax and changes to the Controlled Foreign Companies regime make the UK a more attractive place to domicile?
Market divided as to favourability of current conditions for IPOs
Market players credited with an interest in launching initial public offerings inside the next two years have been warned against attempting to float amid unfavourable conditions, where value is at rock bottom.
Data-sharing portal thrown into limbo
The proposed claimant data-sharing portal has hit a standstill, as the Association of British Insurers demands solicitors give something in return for insurer-held information about fraud. The "ball", according to the ABI, is now firmly in the Motor…
Editor's comment: The lure of Lloyd's
London's bid to elevate its appeal and competitive edge for financial services businesses deciding on the best domicile may still be subject to speculation on likely success, but the lure of Lloyd's is undeniably as strong as ever to international…
LV boss O'Roarke calls for fraud clamp-down talks at second summit
LV managing director John O'Roarke is demanding more stringent legislation designed to clamp down on "unscrupulous" drivers following a survey showing that almost two thirds of GPs have seen a rise in exaggerated injuries.
Post magazine - 3 May 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
UKG new broker schemes premium grows 50%
UK General has boasted £300m in gross written premium with a £90m rise from new broker schemes.
Marsh & McLennan revenue grows 6% in Q1
Marsh & McLennan Group outstripped analyst estimates to make consolidated revenue of $3.1 bn in the first quarter, a 6% increase on the first quarter of 2011.
Legal and insurance experts at loggerheads ahead of second summit
Legal and insurance leaders have once again clashed over the issue of whiplash ahead of the second motor insurance summit at Whitehall this afternoon.
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.
Ink acquires Indemnity Risk Solutions
Ink Underwriting has strengthened its position in the solicitor professional indemnity market through the acquisition of Indemnity Risk Solutions.
Marsh sells portfolio of four businesses to R K Harrison
Marsh has reached an agreement to sell a portfolio of four businesses within Gibbs Hartley Cooper, a part of Marsh UK, to R K Harrison.
Bartleet snaps up Chesham
Bartleet Enterprises has acquired regional broker Chesham Insurance services.
Miller announces limited liability partnership shift
Miller Insurance Services' business and employees have today transferred to Miller Insurance Services LLP in a Limited Liability Partnership which will see 90 senior staff members become LLP partners.