Commercial
Ten Insurance launches scheme for amateur radio enthusiasts
Broker network Ten Insurance has launched a new scheme for The Radio Society of Great Britain, the not-for-profit national organisation for amateur radio enthusiasts.
Olympics Countdown: Plotting the profits of the games
While insurers may coin it as companies take on additional cover during the games, increased profits for leisure businesses are far less certain.
Russia struggles to impose compulsory hazardous objects cover
It is almost five months since the new compulsory hazardous objects liability insurance came into force in Russia, and it has faced significant challenges to date.
NIG reports 103% combined ratio and £494m income in 2011
Annual results for NIG for 2011 have revealed that net earned premium revenue fell by £235.8m to £413.1m compared with 2010.
Property claims: Insurers must prepare evidence for court correctly
Fraudsters are wriggling out of criminal charges because insurers fail to provide courts with the necessary evidence, a legal expert has warned.
Claims bosses urge insurers to develop integrated localised flood response
Flooding in areas of the UK previously considered low risk has led claims bosses to urge insurers to concentrate on developing an integrated localised flood response, while arguments over a collaborative risk transfer solution rumble on.
Giles raids rival firms for big hitters to drive organic growth
Brendan McManus has vowed to transform Giles into a "recruitment machine" in a bid to support organic growth and clear the way for niche acquisition opportunities.
Market moves: A busy week in recruitment
The insurance industry enjoyed a busy week in recruitment, and brokers were the main movers and shakers as Marsh UK & Ireland welcomed a new chief executive and Giles named a new COO.
Managing general agents: A surge in popularity
Managing general agents are certainly on trend and increasing their interaction with insurers but, with some companies still suspicious of their value, will their popularity last?
View from the top: Righting wrongs in the motor market
Legislative change should require the 'non-fault' party to notify the 'at-fault' insurer simultaneously, says David McMillan.
Property claims: Long-term fix for UK flood may be a compromise
The expiration of the Statement of Principles has been described as the "end of the temporary sticking plaster" by Zurich property claims director Jon Cawley, who has argued that the solution to flood risk cover is a combination of current industry and…
Property claims: Customers must be educated about escape of water
Insurers should make consumers aware that they have a responsibility to prevent escape of water, rather than assuming that all leakage issues should be handled by their provider.
Hardy latest Swiftcover exec to quit Axa PL prompting start-up rumours
The departure of personal lines boss Steve Hardy from Axa has prompted concerns not only of a culture clash between the original Axa Personal Lines business and the Swiftcover staff it inherited following the 2007 takeover, but that an overly controlling…
Editor's comment: Network connections
With rumours buzzing round the market about the nature of the fall out between Aviva and Broker Network, there have been inevitable suggestions of a sign that insurers are giving further thought to the value derived from some networks.
Flood cover: Sink or swim?
The expiry of the Statement of Principles is a year away, and the industry is looking for a replacement to cover the impact of flooding. Two ideas have been floated, but which will sink and which will swim?
Post magazine - 14 June 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Tokio Marine expands Scottish team
Tokio Marine Europe Insurance has appointed Trevor McAuley to its marine cargo underwriting team, based in Glasgow.
Airmic 2012: Risk management crucial to M&A activity
Acquisition hungry firms can gain an edge if they effectively manage the inherent risks associated with the process, a joint Marsh and Airmic report has revealed.
Airmic 2012: Buyers unaware of cyber cover market growth
Insurance buyers are in the dark over the growing market for cyber risk cover, research by Airmic has revealed.
Airmic 2012: Reservation of rights model clause to be published
Airmic is to publish a model insurance contract clause to prevent insurers reserving rights on claims without due cause.
Airmic 2012: Cover trumps price for global programme buyers
Some 97% of insurance buyers purchase a global programme based on certainty of cover and not price, XL research has revealed.
Airmic 2012: Quality of information 'essential' to BI claims
The business interruption information provided by policyholders to their insurers is "essential" in the current climate, Allianz Global Corporate & Specialty boss Volker Muench has claimed.
Airmic 2012: Risk managers urged to 'push' insurers on reservation of rights
Risk managers need to be more proactive with insurance partners over reservation of rights issues, law firm Herbert Smith has said.
Airmic 2012: Marsh returns to Liverpool after six years
Marsh has re-established an insurance broking division in Liverpool six years after exiting the city.