Commercial
Plumeri "not satisfied" with Willis in Q4 as UK sees double digit drop
Willis has declared that it saw a double-digit decline in the Willis UK and Ireland retail business in the fourth quarter of 2011.
JLT merges Spanish arm with local giant
JLT is to combine its existing Spanish retail broking business JLT-SIACI Espana SL with the business of March - Unipsa Correduria de Seguros, SAU (Unipsa), the fourth largest commercial insurance broker in Spain and a subsidiary of Banca March, to form…
New year European windstorm damage estimated at €267m
Perils has today disclosed an initial loss estimate for windstorm Andrea, which occurred in Western Europe from 4-5 January 2012, of €267m.
Marsh reports bumper profit growth
Broker Marsh's parent MMC has reported revenue up 9% to $11.5bn in 2011 with pre-tax profit up 82% to $1.4bn ($769m). Operating income was up 49% to $1.6bn ($939m).
Axa to increase underinsured SME BI cover for free
Axa Commercial Lines is offering its combined policy product customers a premium waiver to help underinsured small and medium enterprises get back on their feet.
Autofocus Legal Action: Rival CHOs line up to take on insurers as Autofocus employees face prison
Long-running legal battle could bring the credit hire industry and the insurance industry closer together
Employers’ liability: A fund of last resort
The need for a fund of last resort for employers’ liability claims still divides the insurance community. While plans to create an Employers’ Liability Insurance Bureau have stalled, it still has supporters who are determined to see these proposals come…
Government deregulation puts sprinkler legislation on back burner
Insurers have been told to prepare for government apathy over mandatory sprinklers legislation and, at best, expect piecemeal change.
RSA's Brown re-jigs top team to make business less 'complicated' to deal with
RSA’s UK and western European CEO Adrian Brown today outlined plans to simplify its business in order to get closer to its customers, whether brokers or consumers, having admitted that its structure may have previously been “too complicated”.
Post magazine – 9 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Commercial offering could spark future acquisition interest, says One Answer Network boss
An increase in personal lines members alongside an added emphasis on establishing a commercial offering over the next 18 months could result in the One Answer Network becoming big enough to attract interest from potential buyers.
Mapfre reports 15.5% premium growth for 2011
Spanish insurer Mapfre reported a 15.5% growth in premiums to €19,600.2m in its full year 2011 results released today.
Thatcham launches vehicle damage assessors apprenticeship
Thatcham’s Automotive Academy has teamed up with Institute of Automotive Engineer Assessors to launch the "first recognised" apprenticeship scheme for vehicle damage assessors in the UK.
G Cube signs capacity deal with Munich Re
Renewable energy insurer G Cube has secured additional capacity from Munich Re to meet growing demand.
Axa Commercial goes live with management liability cover
Axa Commercial Lines has launched a management liability policy on Power Place.
Willis broker network welcomes 10 new members
Global insurance broker Willis has added 10 new members to its N2 broker network bringing the total membership to 34.
Underinsured commercial properties on the rise
A growing number of property owners are under insuring their buildings, according to analysis by Cadogan Keelan Westall.
Tokio Marine hires ex-RSA construction underwriter
Tokio Marine Europe has appointed David Wainwright to lead a new construction practice for the company in the UK.
FSA boss: Insurers and brokers face 'twin peak' regulatory model from April
The Financial Services Authority will reach a "major milestone" in the regulatory reform programme on 2 April 2012, namely the introduction of a ‘twin peaks’ model operating within the FSA.
Amlin reports renewal rates up 4% in 2012
Amlin has written total income to date of £746.4m in 2012, net of brokerage - a 19.2% increase on the prior year.
Hodges reunites with former Aviva colleague Egan as Patrick quits Towergate
Towergate Insurance has appointed Scott Egan as group finance director.
Insurance 360 Research: Business Insurers Insight Report 2012
With commercial pressures and tough business conditions putting the squeeze on insurance companies, the importance of the brand and customer service levels has never been more vital. The British Insurers Insight Report 2012 details the front-line service…
Specialist carriers come top in broker satisfaction survey
"Old guard will have to adapt": Peter Joy
Groupama commercial underwriters relocate to UK regions
Groupama has expanded its commercial team and moved key underwriters to different UK regions.