Commercial
Ireland 123 aquisition drives RSA's profits up for Q3
The acquisition of 123 in Ireland last year and growth across central and emerging Europe has helped RSA to report further growth in quarter three of 2011.
View from the top: A digital era dawns for the London market
The time feels right for grabbing the jewel in the crown of the London insurance markets reform programme — electronic support of the placement transaction. Aon has a long track record in pushing forward with market reforms that bring 21st Century e…
Rok - one year on: Bearing up after Rok
When Rok went into administration, insurers had to respond rapidly. One year on, how are they coping and what lessons have they learned?
Marketing: The power of advertising
Effective marketing can be a tough challenge for financial services providers and having a strong presence is not enough, it must also resonate with customers.
Post magazine – 3 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
"Leaner and meaner" Oval to focus on wiping debt
Oval is aiming to wipe its net debt by 2014 but it is not ruling out making new hires and “selective acquisitions” in the meantime.
Building referral fee costs hit industry for ‘tens of millions of pounds’ – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including claims that referral fee costs that have escalated over the last two years to the point where they are now costing the industry tens of millions of pounds a…
AIG reveals $972m payment to US Treasury after MetLife deal
AIG has announced that it had paid the United States Department of the Treasury $972m to reduce the liquidation preference on one of the special purpose vehicles created as part of the government's assistance to AIG.
Fitch affirms ‘A’ IFSR of ACI
Fitch has affirmed the ‘A’ insurer financial strength rating of Amlin Corporate Insurance, reflecting the strategic importance of the commercial lines writer to the Amlin group.
LIU Europe opens Hamburg branch
Liberty International Underwriters has opened a new branch in Hamburg, Germany as it seeks to become a competitive, niche player in the region.
In conversation with RSA: distinguishing from rivals in SME commercial
The SME commercial market remains one of the most highly competitive in the UK insurance space.
Aon reports 38% jump in profits for third quarter
Aon net revenue increased 38% to $198m (£122.8m) for the quarter ended 31 September 2011, compared to $144m for the previous year.
Thai floods: Insured losses to be "managable", says Fitch
Insured losses from the Thailand floods will be “manageable” at $4.5bn and not trigger widespread solvency problems, or undue financial strain for the country’s non-life insurance players, according to Fitch Ratings
LV announces senior underwriting appointment
LV Broker has appointed Tom Maughan as a senior underwriter for its Bournemouth branch, which looks after brokers in Dorset, Hampshire, West Sussex, the Isle of Wight and the Channel Islands.
Career development news: HSBC staff complete CII diplomas
More than 130 HSBC staff have successfully completed the Chartered Insurance Institute’s diploma in financial planning and diploma in regulated financial planning.
Broking supplement - Price promises: Love it or hate it
While the price promise bandwagon is seen by some as a valuable marketing tool, to others it is merely ‘dumbing down’ the industry
McManus Towergate move rubbished as Wilkinson wins Willis UK CEO role
Market speculation suggests that outgoing Willis UK & Ireland chief executive Brendan McManus will target a role at another major broker, after well-placed sources rubbished rumours linking him with a move to Towergate.
Market moves: All change at Zurich and Willis
Following a slow period, large insurers made a number of key appointments this week, including major moves at Zurich, Allianz and RSA.
Interview - David McMillan: Bullish about the business
Chief executive of Aviva UKGI, David McMillan is convinced the insurer has turned a corner and is on the path to greater profitability and growth
Thai floods: Waters set to overwhelm Bangkok
Loss adjusters are preparing for the complete flooding of Bangkok as waters reach the centre of the city.
Post magazine – 27 October 2011
This week the Post team reports on feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting multinational firms including Apple and Ford Motors.
Thai flood losses set to escalate - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting…
Labour front bencher admits concerns over Jack Straw's referral fee ban plan
The Labour Party is not wholly behind its minister Jack Straw’s proposal to ban referral fees it has emerged.
Chubb Europe makes UK & Ireland appointment
Chubb Insurance Company of Europe has appointed Jon Nottingham, sales and marketing manager UK & Ireland.