Commercial
Post magazine - 26 July 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Legal reform: Uncertainty abounds as Laspo countdown continues
The Legal Aid, Sentencing and Punishment of Offenders Act is set to be implemented in April, but insurers and lawyers are concerned by a lack of detail.
Olympics: Claims from the games
Terrorism, adverse weather and the outbreak of disease could all cause the cancellation of the Olympics. But could the industry cope if the Games were canned?
Speculation mounts that RBS personal lines business will go out to tender
A wave of activity in the affinity space has led to speculation over the future of Royal Bank of Scotland's arrangement with UK Insurance as a provider of personal insurance for its banking customers.
FSCS funding model consultation paper draws early concerns
The Financial Services Authority's proposed changes to the funding of the Financial Services Compensation Scheme have come under fire from the British Insurance Brokers' Association, amid concerns that the creation of a 'retail pool' will affect members.
Insurance Fraud Awards 2012 shortlist announced
Post can today reveal the shortlist for the 2012 Insurance Fraud Awards.
Hiscox combines media, entertainment and events operations
Specialist insurer Hiscox has merged its global media, entertainment and events operations in response to the changing nature of the sector.
Lancashire reports hike in profit to $102.6m
Lancashire has reported a 35.5% increase in gross written premium to $514.8m in the first half of the year, compared with $379.8m in the same period in 2011, reporting growth across three of its four main classes of business.
Macmillan Sheikh unveils unoccupied properties scheme
Specialist broker and underwriting agent Macmillan Sheikh has launched a scheme for unoccupied commercial and residential properties.
Clyde & Co partner goes live with new City law firm
David Coupe, pictured, former partner at Clyde & Co and Ince & Co, has launched a new City law firm focused on representing the intermediated insurance market.
Insured losses 'low' as Typhoon Vincente sweeps through China
Up to 37 people are dead and 700 homes were flooded after Beijing was devastated by the heaviest rainfall to hit the city since 1951.
Teeside broker Henderson completes Arlington acquisition
Henderson Insurance Brokers Teeside has acquired north east firm Arlington, an independent financial advisors with a portfolio in excess of £100m.
Solicitors targeted following Prime Professions product launch
Prime Professions has teamed up with Axis Specialty to launch a new insurance product for solicitors.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
European companies underprepared for emerging risk
The majority of European companies feel underprepared for emerging risks including terrorism and political violence.
Compare the Market hires Jeremy Chadwick as commercial director
Former Zurich man to lead commercial strategy and development, covering all product categories including insurance and money.
Aria Assistance appoints director of medical services
Dr Jude McSharry has been named director of medical services at Aria Assistance, the new independent company formed after the management buyout of Europ Assistance UK & Ireland.
RSA hands Harrington-Rutterford global C&E role
RSA has appointed Clive Harrington-Rutterford as global portfolio leader for its construction and engineering business.
RSA appoints construction and engineering leader for GSL
RSA has appointed Clive Harrington-Rutterford as global portfolio leader for the firm's construction and engineering business.
Allianz teams up with Saracens rugby club in 'long-term' deal
Allianz has entered into a sponsorship deal with Premiership rugby club Saracens, in a deal which will see the north London side's new Hendon ground renamed Allianz Park.
RSA reaffirms affinity approach after sealing John Lewis deal
RSA has been appointed to provide wedding and event, pet and home insurance for John Lewis Insurance.
Schemes let down by insurers on service
Commercial schemes are continuing to grow in popularity, according to MMA, which has found that overall premium in commercial schemes grew by 25%in the first half of this year compared with the same period in 2012.
Groupama steps closer to integrated trading with enhanced property product
Groupama Insurances has taken the first step in an overhaul of its commercial and residential property policy.
Willis restructures international operations
Willis International has reorganised its Asia Pacific, Middle East and Africa operations amid a management resuffle.