Broker
Reinsurance: Superstorm in a teacup?
While destruction wreaked by Superstorm Sandy hasn’t hit the reinsurance sector as hard as might be expected, the market faces challenges in the shape of overcapitalisation and PPOs.
AJ Gallagher reports 15% rise in revenue
Arthur J Gallagher has reported brokerage for the full year in 2012 increased to $1.83bn (2011:$1.56bn) while Ebitdac increased to $383.3m (2011: $320.8m).
QBE introduces top-up commercial cover for European businesses
QBE has launched a top up commercial credit insurance facility developed to operate above an existing, non-QBE, primary whole-turnover policy.
General Legal Protection wins £600 000 breakdown contract
Go Skippy.com has awarded General Legal Protection a contract worth more than £600 000 to supply breakdown cover to the firm’s customers.
Challenges and opportunities abound in 2013
Against the backdrop of a challenging economic climate and continued uncertainty over both the timescales for implementation of European regulation and varied national approaches to the adoption of it, European insurers face a number of critical…
Post magazine - 31 January 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Don’t use 7-Elevens to find your way around Hong Kong
Whatever you do, don’t use 7-Elevens as a point of reference when guiding yourself around Hong Kong. There are about seventeen on every street.
EMEA commercial market to remain stable in 2013
The insurance market across Europe, the Middle East and Africa is expected to remain broadly stable in 2013, according to Marsh's Insurance Market Report 2013.
IFB hands head of operations Fletcher director role
The Insurance Fraud Bureau has appointed head of operations Ben Fletcher as director, with a remit to expand the bureau’s counter-fraud services.
3i rumoured to be planning sale of Hyperion stake
Private equity firm 3i has refused to comment on fresh speculation that it is ready to sell its 23% stake in Hyperion.
Aviva launches iPad app following broker feedback
Aviva has introduced an iPad app to its online trading platform Fast Trade, with a view to providing brokers with the facility to ‘quote and buy’ online in less than five minutes.
Ageas investigators expose bogus claimant four years after collision
A woman who lodged a £100 000 claim with Ageas for back injuries she supposedly sustained in 2009 collision has been ordered to pay back upwards of £19 000 after she was found to have pre-existing problems.
AIG acquires HSBC's French GI arm and extends Turkish footprint
AIG has entered a 10-year bancassurance agreement with HSBC Group to become the exclusive provider of non-life insurance products to the bank's customers in Turkey and France.
NIG updates e-trading platform with launch of 'The Hub'
Commercial insurer NIG has launched a full-cycle e-trading platform for commercial brokers, following recent investment in technology.
Towergate ties-up trio of acquisitions
Towergate has taken its total number of acquisitions so far in 2013 to three.
GI firms valued upwards of £100m drops 15% in 2012
The number of general insurance companies valued at over £100m dropped by almost 15% last year, according to research carried out by industry advisory firm IMAS.
Covéa hands head of financial crime role to ex-police chief
Covéa Insurance has appointed Steve Jackson, former senior fraud manager at Zurich as head of financial crime.
Axa Assistance marks roadside recovery deal with Footman James app
Axa Assistance UK has developed a smartphone application offering breakdown assistance for Footman James customers.
Morgan Stanley linked to Paymentshield sale
Towergate has asked Morgan Stanley to help find a buyer for Paymentshield according to reports.
Specialist pan-European cyber broker start-up launches
IPS Protection, a UK-based broker specialising in cyber liability has launched today to fill what it claims is a gap in the market.
Brightside chalks up 12% increase in annual policy sales
Brightside built on its annual policy sales by 12% last year, taking its total for 2012 to 400 210.
London, Leeds and Bradford residents most likely to make theft claim
Homeowners in London, Leeds and Bradford are the most likely to make a claim for theft or burglary and are paying 20% more for their home insurance, according to Money Supermarket.
Keeling appointed NED at RFIB as Dandridge departs
International Lloyd’s insurance and reinsurance broker RFIB has appointed Henry Keeling as a non-executive director.
Pressure mounting on government as MP brands flood talks 'in disarray'
Ministers have been forced to reiterate that flood talks between the government and the Association of British Insurers are ongoing after a member of parliament claimed discussions were “in disarray”.