Commercial
UK bankruptcy of Quinn Insurance owner annulled
A British court has annulled the bankruptcy of Sean Quinn, Reuters reports.
ATE insurer Elite enters solicitors' PI market in dramatic u-turn
Legal expenses provider and after-the-event insurer Elite Insurance Company will be entering the solicitors’ professional indemnity insurance market this year in a dramatic u-turn to its position last year.
Elite opens offices in France and Italy
Specialist legal and after-the-event insurer Elite is expanding its footprint in Europe by opening two new offices.
Adrian Flux becomes first broker to sign up with tyre safety group
Adrian Flux has become the first insurance broker to sign up with safety campaigning group Tyre Safe.
PM health and safety war does not go far enough, says Garwyn CEO
Liability loss adjuster Garwyn has stated Prime Minister David Cameron’s attack on health and safety does not tackle the compensation culture.
Russian plant firms face ten-fold premium rises after new law
Stringent new legislation relating to the management and insurance of plants dealing in hazardous materials in Russia is set to have far-reaching implications for companies operating in the country.
Markel International expands MGA division
Markel International has strengthened its MGA division with the appointment of Sarah Brien as senior underwriter and Alex Hardy as underwriter.
Marsh and Amlin to work with new nuclear managing agent
A managing agent which claims to have brought the first new capacity to the global nuclear insurance market in more than a generation has been launched.
Liberty Syndicates appoints new head of risk management
Liberty Syndicate Management, a member of Liberty Mutual Group, has appointed Dan Wilkinson as head of risk management.
QBE appoints French general manager from Marsh
QBE has appointed Jean-Philippe Pagès as general manager of QBE France replacing Jean Basset.
Insurers miss out on profits because of poor risk reporting
Around 72% of insurance and risk industry professionals believe the industry is missing out on vital profit due to inefficient risk reporting.
PI broker launches commercial lines smartphone app
A professional indemnity insurance broker has launched a PI smartphone application that allows IT professionals to receive insurance quotes and buy cover.
FM Global appoints Rod Fisher senior VP for underwriting
Commercial property insurer FM Global has appointed Rod Fisher as senior vice president of underwriting and reinsurance.
Winter weather costs commercial property owners up to £225m a year
Cadogan Keelan Westall has revealed that Winter damage due to the severe UK weather is costing commercial property owners up to £225m a year, research has found.
Post Intelligence Benchmarking - Commercial insurers: Winners and losers
The annual Insurance 360 Business Insurers Insight Report service rankings show some steady, some on ladders - and some on snakes.
Paul Napier hires Cross for world push
Lloyd’s Broker Paul Napier has taken on Edward Cross as divisional director responsible for the development, distribution and marketing of commercial, professional and financial lines worldwide.
Post magazine – 29 December 2011/5 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Stormy weather creates conditions for household rate rise
The recent winter storms in England and Scotland could lead to further rises in household premiums, according to PwC.
London head of sales departs Axa
According to Post’s sister publication, Insurance Age, Axa commercial lines’ head of sales for London, Jamie Lewis, has left the company.
Claims - Big freeze: Winter of discontent
The big freeze of late 2010 led to widespread criticism of adjusters and insurers — but have lessons been learnt for the future?
Unified response called for as metal theft cases see substantial increase
Insurers are demanding a unified fight for changes to scrap metal sales to cut a spate of thefts, thought by the police to be worth more than £800m — but insurers argue consequential costs could run much higher.
New Ellis Clowes MD hails business benefits of Formula One star NED
Karen Ellis has taken on the newly created chief executive officer role of specialist Lloyd’s insurance broker Ellis Clowes, 13 months after leading a management buyout of the business.
Loss adjuster hails insurer regional returns
MYI has claimed recent senior hires in Ireland and the UK are symptomatic of an industry-wide move back to strong regional offices.
Market moves: Insurers lead the way in recruitment
As the industry heads into 2012, insurers appear to be the most active in the recruitment space. Leading the way in Chaucer, with five new global hires, and Chubb, which brought in four new faces for the new year. Meanwhile, Tokio Marine added two staff…