Commercial
Insurance Insight’s first weekly update live
Insurance Insight’s first weekly update is now live with an article on global insurance programmes and how local can some times be best; as well as a View from the Top on the need for insurers to be flexible when it comes to risk management.
View from the Top: Time for a new way of working with risk
Having recently attended the Airmic conference in Bournemouth, it struck me how much the risk management profession has changed over the last decade.
Risk management: the issue of local v global
Companies are increasingly becoming global but as Tracey Clayton argues this does not always mean that having a global insurance programme forced on them is the best option.
Matthews quits Irish Setanta Insurance over differences
Setanta Insurance chief executive Mike Matthews is to leave the company after investors failed to back his vision to grow the business within Ireland and internationally.
Report finds insurance capacity remains buoyant in Europe
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa, however, in some areas rates have increased, and insurers have tightened their policy terms and conditions in the second quarter…
Axa may create more management roles
Axa has not ruled out creating more senior management roles within its commercial lines division after appointing former Towergate director Max Curruthers to the new role of chief operating officer.
ARM courts new M4 clients
Aspen Risk Management managing director Kevin Pallett has pledged to open discussions with approximately 100 brokers in the coming weeks, after the firm agreed the purchase of commercial insurance renewal rights from M4 Underwriting.
Claims advocate joins CEDR panel
Europe's largest independent commercial mediation provider the Centre for Effective Dispute Resolution has named insurance claims advocate Roger Flaxman as its 18th specialist insurance panel member.
Interview - Ant Middle: Taking the Middle ground
Rejoining Aviva after spending 10 years at Axa was an attractive choice for Ant Middle, during a time of upheaval at both companies. He talks to Mairi MacDonald about the changes and challenges that lie ahead.
RPC: drop in High Court cases masks insurer litigation
There has been a 30% fall in the number of commercial cases launched in the High Court, down to 47 884 in 2010 from 68 084 in 2009, according to City law firm Reynolds Porter Chamberlain LLP.
Post Magazine – 21 July 2011
This week the Post team reports on DAS’ decision to close the Amicus Legal office in Colchester, a move which will cost 21 people their jobs.
Amicus to close Colchester office in efficiencies push – Insurance News Now – 21 July 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including DAS’ decision to close the Amicus Legal office in Colchester, a move which will cost 21 people their jobs.
Giles confirms £5m CBG offer
Giles Insurance Brokers has confirmed that discussions are underway with CBG concerning a possible offer at a price of 32p per share in cash for the entire issued and to be issued share capital of CBG.
Global Takaful contributions set to rise
Global Takaful contributions are expected to reach US$12bn by the end of the year, according to analysis by Ernst & Young.
Catastrophe rates on the rise as insurers look to recoup losses
Catastrophe rates are on the rise as insurers attempt to recoup heavy losses, however, non-catastrophe accounts with good loss experience remain highly sought after, according to a Marsh report published today.
Former Indy staff lose compensation after employment tribunal appeal
Hundreds of former Independent Insurance staff have lost the right to compensation after the liquidated company appealed an earlier ruling.
Insurance Insight Blog: If it’s good enough for Uefa . . .
When I took on this role as editor of what was then just an idea Post, the long running UK insurance weekly, had that its readers might be interested in Europe, I had little inkling of what was to follow.
Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
Aspen Insurance to buy commercial insurance renewal rights from M4
Aspen Insurance’s regional platform Aspen Risk Management has agreed to purchase certain commercial insurance renewal rights and other related assets from M4 Underwriting.
Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
Broker Assistance signs AA Accident Management deal
Broker Assistance has signed an agreement with AA Accident Management to handle credit hire claims for the broking group’s commercial customers.
NIG appoints head of agricultural business
Commercial insurer NIG has appointed Andy Brock as its head of agricultural business.
Power Place appoints regional sales manager
Power Place has appointed a sales manager to oversee the Wales, West and Central region as part of a new strategic business development focus.
AM Best affirms ratings of German insurer SOVAG
AM Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of 'bbb' of SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG. The outlook for both ratings remains stable.