Broker
$3bn Thai flood losses set to escalate as city centre inundation begins
Loss adjusters have told Post there is a “whiff of Katrina” about the Thailand floods, following predictions the disaster could cost more than the estimated $3.3bn (£2.1bn) insured losses.
Westinsure pushes ‘alliance’ angle to entice brokers
Westinsure is set to rebrand under the slogan ‘Together we are stronger’ at its exhibition in January 2012, as it looks to become the market-leading broker network.
McManus Towergate move rubbished as Wilkinson wins Willis UK CEO role
Market speculation suggests that outgoing Willis UK & Ireland chief executive Brendan McManus will target a role at another major broker, after well-placed sources rubbished rumours linking him with a move to Towergate.
Career development news: LV creates 150 jobs
LV has created 150 new roles with the expansion of its office in Brentwood. The site already employs 200 people and, with plans to enlarge its claims division, the insurer expects to add 45 new staff before the end of the year.
Market moves: All change at Zurich and Willis
Following a slow period, large insurers made a number of key appointments this week, including major moves at Zurich, Allianz and RSA.
Interview - David McMillan: Bullish about the business
Chief executive of Aviva UKGI, David McMillan is convinced the insurer has turned a corner and is on the path to greater profitability and growth
Broking supplement - Interview Toby Esser: Expansive thinking
Toby Esser talks about striking serious deals, his acquisitive ambitions and plans to penalise paper-lovers
Brunel sees rise in PII renewals
Brunel Professional Risks saw a rise in the number of solicitors’ practices placing their professional indemnity insurance (PII) business through the indemnity insurance broker by the 1 October renewal deadline.
Post magazine – 27 October 2011
This week the Post team reports on feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting multinational firms including Apple and Ford Motors.
LV gets first S&P rating
Standard & Poor’s has assigned BBB+ ratings to LV and Highway insurance - the core operating entities of Liverpool Victoria Friendly Society.
Thai flood losses set to escalate - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting…
Muir calls for better motor insurance PR
Paul Muir, managing director of broker club One Answer Network, has called on motor insurers and brokers to be honest and open with the public to improve the industry’s image.
Willis sees double-digit organic growth in Eastern Europe for Q3
Willis has reported net income for the third quarter of 2011 of $60m with Eastern and continental Europe seeing organic growth.
Care homes group chooses Howden
The English Community Care Association (ECCA) has appointed Howden Insurance Brokers as preferred supplier of insurance services to its care home members.
Willis says UK business dipped in Q3
A fall in the UK and Ireland market contributed to Willis reporting a Q3 operating margin down to 11.8% from 14.5% for the same period last year.
Willis names Wilkinson as UK head
Willis has named long-serving executive Daniel Wilkinson, pictured, as chief executive for Willis United Kingdom and Ireland, following the departure of Brendan McManus last week.
Sovereign default moves up 'known unknowns' risk list
Sovereign default has risen four places to second position for the top fifteen extreme risks while depression retains the top position and hyperinflation moves to third.
Shareholders show support for Jardine Matheson's JLT buy-in bid
Jardine Matheson’s bid to increase its stake in broker JLT by buying 10% of the company got more than 85% support from the other shareholders.
ABI helps tackle insurance application form fraud
On 27 October the Association of British Insurers will publish industry guidance to help insurers, brokers and comparison websites better identify insurance application form fraud.
Hastings founder passes away
Hastings founder David Gundlach has died at the age of 56.
Shareholders support Jardine Matheson's JLT buy-in bid
Jardine Matheson’s bid to increase its stake in broker JLT by buying 10% of the company got more than 85% support from the other shareholders.
Insurance Insight weekly update live - 21 October
Insurance Insight’s weekly update is live with an article on how brokers need to be up to date on the cyber risks their customers are facing; and a feature of how Lloyd’s of London has spread its each across Europe.
Cyber risks in the modern business
Technology is evolving every day and as Iain Ainslie explains if brokers want to offer their customer the best cover possibly they need to be aware of all risks and the specialist policies available to help them.