Broker
Cat losses for 2011 second highest on record
Total insured natural catastrophe losses of $107bn (£69bn) in 2011 were the second highest on record - surpassed only by the 2005 total of $120bn.
China's "cash before cover" regulation introduces ambiguity
Regulations designed to enhance cash flow for Chinese insurers will introduce ambiguity into the market and could lead to reduced policy coverage, according to Marsh China.
Adrian Flux becomes first broker to sign up with tyre safety group
Adrian Flux has become the first insurance broker to sign up with safety campaigning group Tyre Safe.
Hyperion confirms Windsor takeover talks
Hyperion has confirmed that it is in discussions with Lloyd’s broker Windsor over a potential takeover deal.
Hyperion in takeover talks with Windsor
Hyperion Group is currently in discussions with Windsor Limited regarding a potential offer for the company.
Giles outlines new role for Hessett following Chambers exit
Bosses at Giles have defined the role of newly appointed deputy finance director Alastair Hessett, who has been promoted internally following the exit of former director Mark Chambers.
Extreme UK weather behind car claims increase
The storms that battered parts of the UK brought a 28% increase in car insurance claims over the first five days of January, compared with the same period last year, according to the AA.
Towergate confirms double departure
Towergate has confirmed the resignations of senior management duo Andy Smallwood and Sally Swann, less than four months after Mark Hodges took over the reins at the broker.
XL names former Marsh exec country manager for Germany
XL Group has appointed Michael Harth as country manager for Germany, with effect from the 16 April 2012.
MMA to rebrand as Covéa as part of UK merger with Provident
Covéa has announced that Provident Insurance and MMA Insurance will merge into a single company, in a move which has been touted as a “platform for growth” within the UK market.
Giles finance director to rejoin bookmakers
Outgoing Giles finance director Mark Chambers is to rejoin bookmakers Coral – the company he left in 2008 - after resigning from the broker on New Year’s Day.
Sciemus recruits Kane founder to head up space insurance
Sciemus has appointed Kane Group founder Paul Aitchison to the position of director of space insurance.
MMA to rebrand as Covéa as part of UK merger with Provident
Covéa has announced that Provident Insurance and MMA Insurance will merge into a single company, in a move which has been touted as a “platform for growth” within the UK market.
New managing agent enters nuclear market
New managing agent, Northcourt, was launched today, bringing fresh capacity to the global nuclear insurance market.
Oman Insurance Company appoints new senior management team
Oman Insurance Company has appointed a new senior management team.
Brokers hit harder than insurers, says CBI/PwC survey
Insurance brokers’ profitability dropped back after an unexpectedly strong fall in the volume of business and value of premium income, according to the latest PwC survey for the Confederation of British Industry.
PI broker launches commercial lines smartphone app
A professional indemnity insurance broker has launched a PI smartphone application that allows IT professionals to receive insurance quotes and buy cover.
LV Broker makes double promotion
LV Broker has promoted Kevan Aubrey and Mark Campbell to the positions of head of commercial distribution and head of key commercial accounts respectively.
Axa calls in extra claims staff as extreme weather batters Britain
The head of household claims at Axa has revealed that extreme weather conditions over the past few days have forced the firm to draft in extra claims handling staff to deal with an influx of calls.
Post Intelligence Benchmarking - Commercial insurers: Winners and losers
The annual Insurance 360 Business Insurers Insight Report service rankings show some steady, some on ladders - and some on snakes.
UK General files High Court writ against former partner Am Trust
A UK General Insurance Group spokesman has confirmed that the company has filed a High Court writ against Am Trust.
Paul Napier hires Cross for world push
Lloyd’s Broker Paul Napier has taken on Edward Cross as divisional director responsible for the development, distribution and marketing of commercial, professional and financial lines worldwide.
Post magazine – 29 December 2011/5 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Travel insurers criticised over ongoing medical warranties
A rising number of Britons travelling overseas are being left without cover by insurers implementing medical clauses after policies are sold, according to consumer watchdog Which?