Commercial
Torus adds senior members to European P&C team
Insurer Torus has made two senior appointments with the aim of strengthening its European property and casualty platform.
Direct Line claim response to riots was “exemplary”
Direct Line has reacted to Labour MP for Tottenham, David Lammy’s, criticism of the insurance industries response to the August riots.
Insurer capacity creates good conditions for energy firms
Excess capacity and continuing competition among insurers means that buying conditions remain favourable for many energy firms in the final quarter of 2011.
AM Best warns of Thai floods hitting BI
AM Best has warned that Thailand’s ongoing flood disaster will trigger significant commercial and business interruption losses to manufacturing and supply chains in global markets.
Post Blog: An insurance business born out of the Prince's Trust
Recently the Prince's Trust Insurance Leadership Group celebrated breaking the £5m fund-raising barrier with a reception at the Chartered Insurance Institute.
Cunningham Lindsey to make up to 72 redundant as claims numbers fall
Cunningham Lindsey UK has today confirmed that over the last two months it has had to advise 72 of its 1956 total UK staff (3.6%), at various locations across the business, that they are at risk of redundancy.
Job-related stress claims are an underestimated issue in Italy
In the last ten years, only one out of 12 job-related stress claims have been validated by INAIL, Italy's national body for health insurance for workers.
XL replaces Chartis in solicitors' PI top spot
The Solicitors Regulation Authority has revealed XL Insurance has the largest estimated premium at 18%, according to Professional Indemnity Insurance (PII) arrangements of firms in England & Wales for 2011/12.
Penny Black’s insurance week
Penny was impressed to learn Zurich’s commercial broking team is gearing up for a 1000-mile charity bike ride from Land’s End to John O’Groats.
Crash-for-cash in commercial motor a 'massive blind spot' for industry
The Insurance Fraud Bureau needs to take the issue of crash-for-cash involving commercial vehicles off the “back burner”, commercial motor insurers have warned.
Structure is behind perception that Allianz UK is underweight, says Booth
The director responsible for all of Allianz’s insurance operations in the UK has insisted it is not underweight, and that it often gets overlooked in top five lists because of its structure.
Insurer regionalisation: Spreading your wings
A number of industry players have recently bucked the trend of rationalising, to open new regional bases. Is localism a pasing fad or here to stay?
Seven in 10 insurers admits being "average" or "weak" in meeting customer needs
While the majority of insurers (91%) believe future growth depends on providing a special customer experience, most of them do not currently see themselves as providing differentiated products and levels of service, according to findings of a global…
Oxygen to sell off remaining assets - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how market commentators believe large employee expenses and lack of profits are behind the demise of seven-year old Oxygen Holdings, as it prepares to sell off its…
Oxygen sells assets
Oxygen Holdings is to sell its subsidiary Robertson Taylor to Entertainment Insurance Partners for an undisclosed sum.
AIR releases German flood catastrophe model
Catastrophe risk modelling firm AIR Worldwide has released an inland flood model for Germany that is said to offer a fully probabilistic approach for determining the likelihood of flood losses from all types of storms.
Aviva appoints chief risk officer
Aviva has promoted John Lister to UK chief risk officer.
Geddes says RBSI won't "crack open the champagne" just yet
Bosses at RBS Insurance have attributed a dramatic third quarter operating profit turnaround of £615m over the past 12 months to a combination of factors, including an exit from broking personal lines and general business re-pricing.
Post and features editor Leigh Jackson scoop prestigious awards
Post Magazine was acclaimed again at the 2011 Association of British Insurers Financial Media Awards.
RSA names regional manager
RSA has appointed Lee Mooney as regional manager, North east. He takes up the role with immediate effect.
Groupama reorganises commercial underwriting operations
Groupama has reorganised its commercial underwriting operations in Manchester in a move it hopes will maximise the potential of the growing number of business opportunities identified in each region.
RBSI sees slight dip in profit Q2 to Q3, but happy with performance YTD
Royal Bank of Scotland Insurance this morning reported an underwriting profit of £761m in 2011 to date - an increase of £591m versus September YTD 2010.
Thai floods: Insured losses creep up
Global reinsurance broker Aon Benfield has estimated the insured losses from the floods in Thailand could be at least US$4.6bn.
Markel recruits from Willis to strengthen Italian PI and D&O book
Markel has appointed Davide Balocco as senior underwriter in professional liability division to focus on its Italian book.