Broker
Canopius unveils 'significant' executive committee shake-up
Canopius has today announced a major shake-up of its group executive committee which sees Steve Manning promoted to group chief operating officer.
Aviva sale of US life assurance business could raise £1bn
Aviva group chief executive Andrew Moss has allegedly revealed that the firm may consider offers worth around £1bn for its US life assurance business, according to reports in the FT.
Quindell ups Ingenie investment to 19.7%
Quindell has acquired a further 16.4% of Ingenie, the insurance intermediary digital brand for young drivers, in exchange for £2.85m. The investment takes Quindell’s holding in Ingenie to 19.7%.
Free webinar: The property & casualty market in South East Asia
Post and Insurance Insight in conjunction with the Chartered Insurance Institute will present a free webinar on the property and casualty insurance markets in South East Asia today at 16:00 Hong Kong time and 8:00 GMT.
View from the top: Brokers failing to reach next-gen HNW customers
A new generation of potential high net worth customers are not being reached by brokers, says Justin Gott.
A century after the Titanic sank, human error remains marine insurers’ biggest foe
The Titanic disaster left over 1500 dead and the industry facing a record payout.
QBE move for Brit secures broker backing as deal doubles regional GWP
Acquiring Brit UK's renewal rights is Australian insurer QBE's biggest UK deal in more than 10 years, and signifies its commitment to becoming a major player in the regional broker market insuring SMEs.
Bonuses take a bash but salaries for the top industry jobs continue to rise
Total salaries for insurance chief executives increased across the board, according to insurers’ annual reports for the year ending 2011, despite a drop in total remuneration.
Talking point: unlimited damages for late settlement of claims
The Law Commission's review of insurance contract law has proposed the introduction of unlimited damages for late settlement of claims. But what does the industry think?
In series Competitive edge: A ring of steel to combat fraud
Insurers must have systems in place to prevent fraud, but many have taken this to a higher level and are gaining a competitive edge over their peers.
Regulation: The dangers of duplication as the FSA splits into two
The Financial Services Authority has mimicked the forthcoming twin peak regulation model ahead of its implementation in 2013, but will it prepare the industry for change?
Glad to be a loss adjuster: Interview with Crawford CEO Greg Gladwell
To give Crawford & Company an advantage over its competition, chief executive Greg Gladwell is harking back to the glory days of loss adjusting, playing up its heritage and his own insurer pedigree
Brands and rebranding: What's in a name?
Many insurance firms overhaul their brands, but what impact does it have on their business?
In series Competitive edge: Tackling fraud with geographic intelligence
In the fight against fraud, geographic intelligence is a powerful weapon in any insurer's armoury.
Supreme Court decision could save insurers £100m per year, claim Zurich fraud bosses
Zurich fraud bosses are confident of setting a "ground-breaking" precedent by which fraudulent third-party claimants are left empty handed, as part of a long-running legal battle which could save the industry £100m per year.
Hyperion defends move to sell majority stake in CFC Underwriting
Hyperion chief executive David Howden has denied speculation that the sale of the firm’s majority stake in CFC Underwriting could signal a greater focus on the broking arm of its business.
Hyperion denies strategic shift to broking amid IPO plans
Hyperion boss David Howden has denied analyst suggestions that the decision to part company with CFC Underwriting could herald a shift towards a broking focus in light of an upcoming IPO bid.
Property rates to keep rising in the short term
Despite the absence of a major natural catastrophe in the first quarter, rates rose for catastrophe and non-catastrophe exposed risks in most geographies, according to a Marsh report.
Editor's comment: Fleeing the family nest
This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while also serving as cautionary tales against potential fallout from familial difficulties in modern times.
Post magazine - 12 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Euler Hermes boss rejects talk of Thomas Cook pull out
Euler Hermes director Mark Wyatt has denied reports stating that his firm has pulled its cover on Thomas Cook, insisting the business continues to write "significant levels of cover" for the travel company.
Nexus sees young Bahrainis as key to insurance growth
Independent broker Nexus is trying to recruit young Bahrainis, to encourage greater insurance participation in the region.
Reinsurance sector "strong" despite 3% drop in capital
Global reinsurer capital was down by 3% to $455bn (£286bn) last year, according to the Aon Benfield Aggregate analytics report, but the sector has been described as remaining strong.
Transactor boss revels in rising turnover and record acquisitions
Transactor Global Solutions is expecting to announce a combined group turnover of more than £6.5m following a year in which business acquisition reached a new high.