Commercial
Disputed commercial claims taking 35 months to settle
Disputed commercial claims are taking almost three years to settle on average, according to a study by insurance governance specialists Mactavish, with roughly half of claims being contended by insurers.
Treasury unveils final Insurance Bill
HM Treasury has today introduced the long-awaited Insurance Bill to reform commercial contracts, and better equip UK firms to compete against their international peers.
MPs and insurers warned new licencing act may hinder fraud investigations
Insurers have been warned that the new licencing arrangements for investigators could prove a hindrance, not a help, to their fraud teams.
Zurich heralds 'quantum leap' following SME e-trading launch
Zurich commercial broker interim managing director Richard Coleman believes the launch of a broker-only SME digital trading platform puts his firm “way ahead of the competition”.
Coleman to head up Zurich commercial broker on interim basis
Zurich’s commercial broker business will be led by the insurer’s SME director Richard Coleman on an interim basis following the temporary promotion of David Smith to the role of UK general insurance chief executive.
RSA to sell Chinese arm to Swiss Re for £71m
RSA Insurance Group has agreed a deal to sell Sun Alliance Insurance (China) to Swiss Re Corporate Solution.
Interview: Nigel Minett: Flying high
Nigel Minett’s long career in loss adjusting has seen him deployed in all corners of the globe. Now in the cockpit as McLarens Aviation managing director, he tells Post how his international experience will ensure the firm’s expansion plans really take…
Legal Update: Occupiers Liability: Swooping seagull fall not owner’s fault
Judge rejects argument in Kelly v Riverside Inverclyde (Property Holdings Ltd (2014) that the building occupier was responsible for seagulls nesting. Steve McDonagh reports.
Brunel appoints Ladkin as non-executive chairman
Brunel Professional Risks has appointed Chris Ladkin as non-executive chairman as it sets its sights on becoming one of the UK’s largest independent brokers.
RSA CEO Hester breaks silence on new UK boss Steve Lewis
RSA group chief executive Stephen Hester has proclaimed Steve Lewis will provide the "strong leadership, energy and commitment to make the changes that will ensure the future success of our UK and Western Europe businesses".
AIG launches revamped commercial property covers
AIG has launched a new line of products for commercial property insurance, including expanded coverage, loss prevention engineering and risk management solutions for mid-sized businesses with global exposures.
Cyber fear outweighs board level ownership
Only 14% of medium to large-sized companies have an insurance policy in place against cyber risk, according to a poll by Marsh, despite more than half (56%) of those surveyed placing it in the top five risks faced by their firm.
Airmic 2014: Hurrell champions longer renewal process
The renewal process on commercial insurance policies should be brought forward by 60 days in order to reflect a changing business environment, according to the chief executive of risk management organisation Airmic.
Head to Head: Commercial rates
This year’s Airmic conference, taking place at Birmingham’s International Convention Centre, will see insurers and risk managers come together to share experiences and influence forward thinking. Post asked some leading industry figures to go head-to…
Your say: Investing in fraud specialists
The latest fraud results announced by the Association of British Insurers demonstrate once again that fraud is a risk that our industry cannot ignore as unchecked it will eradicate any marginal bottom lines in what continues to be a tough market for most.
Riot Damages: A north and south divergence
2014 appears to be the year for appeal cases dealing with riot damage.
Simmons becomes Ecclesiastical's first UK commercial director
Ecclesiastical has appointed Kevin Simmons to the newly created role of commercial director in its UK general insurance business.
Arctic: Coming in from the cold
As investment increases in the Arctic, what are the opportunities and risks facing insurers in the area?
C-Suite - Insurer: Take the long-term view
Insurers must stop unsustainable commodity pricing in commercial property claims
UK General shrinks commercial broker partnerships
UK General is reducing the number of broker relationships in its commercial division in a bid to deliver “an improved, tailored service” the Leeds-based insurer said today.
Allianz prepares to close operations in Milton Keynes and Bristol
A total of 98 roles will be impacted following Allianz’s decision to close its commercial operation in Milton Keynes and its business insurance centre in Bristol.
ERS to launch two motor products at Biba conference
ERS is launching two new motor solutions at the Biba 2014 conference in Manchester.
Catlin replaces QBE as UK General commercial capacity provider
UK General has signed a three-year capacity arrangement with Catlin Group in a deal that will see QBE replaced as a capacity provider for the managing general agent.
Video: Aviva Broking Team Q&A
Ahead of the British Insurance Brokers’ Association conference in Manchester editor Stephanie Denton spoke to Aviva's broking management team of Phil Bayles, Gareth Hemmings and Fraser Edmond to find out what the big issues facing brokers are and how…