Commercial
Hyperion valued at £165m as BP Marsh sells a stake to Murofo
BP Marsh & Partners announced this morning that its wholly-owned subsidiary, BP Marsh & Company, has sold 1 193 500 shares (2.75%) in Hyperion Insurance Group for a cash consideration of £4.5m.
Hardy gets tough on property treaty with 19.1% rate rises
Hardy Underwriting has reported that gross written premiums for its syndicate have decreased by 21.5% year on year, primarily as a result of discontinuing certain underperforming lines of business and a reduction in catastrophe risk appetite.
MUM enters international market
Broker-only managing general agent Manchester Underwriting Management is entering the international market.
JLT responds to market demand with cyber product
JLT Specialty has launched an intangible and cyber exposure service in response to market demand.
Deutsche Bank analyst admits surprise at Aviva UK GI slowdown
Equity analyst Deutsche Bank has admitted surprise at Aviva's UK result this morning.
Jelf bolsters London office with two hires
Jelf Insurance Brokers has appointed two members of staff to join the team in its recently opened London office.
JLT aims to tackle risk managers' 'exasperation' at cyber risks
JLT Specialty has launched an Intangible & Cyber Exposure service.
Amlin CEO says three quarters of business has seen rate rises in Q1 2012
Amlin reported this morning that the group's gross written premium for the four months ended 30 April 2012 was up 10.5% at £1.4bn (30 April 2011: £1.3bn). At constant rates of exchange, written premium increased by 11.6% (30 April 2011: £1.29bn).
Aviva admits CEO hunt will take rest of 2012
Aviva has said that it will not be in a position to name a new CEO until the end of the year, and hinted that business exits are inevitable as the company undertakes a widescale strategic review.
IAG boss Wilkins admits it may dump loss making UK business
IAG managing director and chief executive Mike Wilkins has said that now is an appropriate time to assess the options for the UK business, given the improvement in its performance and the current UK economic conditions.
Technology: more cash to splash?
With global insurance spend on IT set to increase by 6% over the next year, will a similar trend emerge in the UK during 2012 and beyond?
Expert Opinion: Whiplash - Care not cash is answer to fraud
Independent expert doctor diagnosis of whiplash will only add cost, friction and bureaucracy, says Andrew Pemberton.
Market moves: IFB adds four to team
With the fight against fraud hanging in the balance, the Insurance Fraud Bureau was one of the most active recruiters this week, welcoming four new staff - including a new operations co-ordinator – into its team.
Mobile Phones: Success with smartphones
The development of mobile network technology combined with the increasing sophistication of smartphones has fundamentally changed the £620m mobile phone insurance market.
Marine: A stormy start to 2012 and choppy waters ahead
With the Costa Concordia disaster in January, the marine market has had a tough start to the year. What impact has this had on the state of play in an already difficult sector?
Health and Safety: Inspectors go hi-tech for a better service
Technology is transforming plant and equipment inspections and creating substantial improvements in the quality, speed and effectiveness of the inspections carried out and the inspectors that undertake them.
Health and Safety: All about the money
Facing a huge cut in its budget, the Health and Safety Executive is preparing to claw back the shortfall. But plans to charge fees for interventions have met with a mixed response.
Comment: Insurers must partner with car makers to capitalise on telematics
A wait-and-see approach could cost motor brokers and insurers dear, says Ofir Eyal.
Benign weather and rate rises result in record reported profits for insurers
Insurers have reaped the rewards of benign weather and rate rises in catastrophe hit regions, but analysts warn the worst could be yet to come.
BIBA 2012 Video: Is mandatory commission disclosure inevitable?
Today at Biba we asked attendees about their reaction to the recession and whether it has affected clients.
Friend or Foe: Q&A with Accident Exchange CEO Steve Evans
Steve Evans has spent four years bringing the activities of rate surveyor Autofocus to light, making him an unpopular figure in insurance circles.
Interview: JLT's Dominic Burke - a thoroughbred performer
Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches those 'for sale' rumours once and for all.
Will Aviva's composite model help deliver increased shareholder value?
Aviva's high-profile boardroom bloodbath, which saw much-derided chief executive Andrew Moss ousted by angry shareholders, has laid bare the composite insurer's trading model.
Post magazine - 17 May 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.