Commercial
Ecclesiastical hit with £419m catastrophe costs
Specialist insurer Ecclesiastical has managed to make a pre-tax profit of £15.6m despite a £7.6m loss in the first half of the year and catastrophe claims costs of £419m.
Ex-Swiftcover CEO Blowers back with new online start-up - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include online insurance broker Qmetric has been granted full Financial Services Authority approval and is said to be a “few weeks” away from adding three major…
Willis and Ace Europe claim London Market e-accounting first
The London-based operations of Ace and Willis today announced the successful launch of a full electronic accounting process between the two companies - a London Market Group (LMG) non bureau project first.
Ageas states commitment to commercial lines
Speaking following the release of its half year results for 2011, which saw the insurer report a profit of £23.7m, Barry Smith, chief executive of Ageas UK, told Post that whilst the growth in commercial is “encouraging” there is still a lot more to do.
Willis and Ace Europe claim London Market e-accounting first
The London-based operations of Ace and Willis today announced the successful launch of a full electronic accounting process between the two companies - a London Market Group (LMG) non bureau project first.
Post Office names head of insurance
Post Office Financial Services has confirmed the appointment of Rob Clarkson as its new insurance director.
Ace makes double environmental appointment
Ace has appointed Robert Wade and Hayley Dixon as underwriters in its environmental liability team.
Ageas UK reports £23.7m H1 insurance profit
Ageas UK has reported total income up 84.5% to £882.0m for the first six months of 2011 compared to same period 2010.
Ex-Aviva CEO Snowball extends Suncorp contract until 2015
Suncorp Group Limited today announced chief executive Patrick Snowball would move from a fixed term employment contract to a rolling contract.
Cunningham Lindsey adjusters return from N Z to handle riots
A five-strong team of Cunningham Lindsey UK loss adjusters have returned from New Zealand following a two month “tour of duty”.
Accenture ties up Duck Creek Technologies acquisition
Accenture has today finalised the acquisition of Duck Creek Technologies in a deal which will see 370 employees of the software solutions business in both the US and UK move companies.
Duo launch psychological professionals scheme
Insurer Ecclesiastical and Oxygen Insurance Brokers have unveiled a new tailored home insurance scheme for psychological professionals.
Elite appoints new London boss
Legal expenses insurer Elite has named Mike Payne the general manager of its London office.
AGCS names financial institutions chief
Allianz Global Corporate & Specialty has appointed Sue Yen Leow as head of financial institutions for the UK.
Chesterfield appoints producer broker for North America division
Independent Lloyd’s broker Chesterfield has appointed James Sergeant as a producer broker for its North America division.
RBSI recruits motor commercial director
RBS Insurance has appointed Gus Park as motor commercial director.
Charles Taylor Consulting releases interim results
Charles Taylor Consulting has released its interim results for the first six months of 2011.
Penny Black’s insurance week
Penny got more information than she bargained for when she visited Axa’s London offices last week to get an update on its commercial lines strategy.
Editor's comment: A time of upheaval
Travelers’ decision to pull out of the Irish private motor market last week was an interesting - and apparently unexpected - one.
Broker to launch insurer after AIM IPO
Property insurance broker Allanfield is today (18 August) launching on the Alternative Investment Market and taking over rival specialist Industrial & Commercial Property Insurance Consultants as part of the deal.
Insurers extend riot notification period
Insurers have extended their claims notification periods for claims resulting from the riots in response to the government’s own extension of the notification period under the Riot (Damages) Act compensation scheme.
Travelers motor exit prompts market withdrawal speculation
Travelers’ decision to pull the plug on its private motor business in Ireland could signal the company’s complete withdrawal from Ireland, according to local players.
Bluefin looks to become ‘consolidator of choice’
Bluefin has staked its claim on becoming the consolidator of choice as it sets out to beef up its existing 54 offices in the UK after getting extra backing from its insurer parent.
News analysis - Axa Commercial: A simply complex strategy
With its UK strategy now signed off by the Axa group board, Amy Ellis speaks to Amanda Blanc and Matthew Reed about what commercial brokers can expect from the insurer.