Commercial
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.
Allianz recruit strengthens XL property business
XL Insurance has appointed Ralf Brunner property underwriting manager for Germany and Switzerland, based in Munich.
MMA plots commercial lines expansion
MMA Insurance has announced a string of nationwide appointments and promotions within its commercial underwriting team.
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.
Allianz recruit strengthens XL property business
XL Insurance has appointed Ralf Brunner property underwriting manager for Germany and Switzerland, based in Munich.
Exclusive Fleet and accident content live
Insurance Insight’s weekly update is now live.
Sustaining work-related road safety in hard times
Research shows 16% of hospitalisation crashes and 24% of fatal crashes involve someone driving for work. Dr Will Murray puts forward the legal and financial case for European organisations implementing a collision free culture.
View from the Top: Spanish accident insurance
As far as insurance is concerned – and particularly accident cover – the economic situation is having a major effect on premium levels.
Exclusive Fleet and accident content now available on Post Europe
Post Europe’s weekly update is now live with all the latest news and an article on how implementing a collision free culture can help fleet safety; as well as a View from the Top on how accident cover in Spain has been hit by the financial crisis.
Post Europe: View from the Top: Spanish accident insurance
As far as insurance is concerned – and particularly accident cover – the economic situation is having a major effect on premium levels.
Post Europe: Sustaining work-related road safety in hard times
Research shows 16% of hospitalisation crashes and 24% of fatal crashes involve someone driving for work. Dr Will Murray puts forward the legal and financial case for European organisations implementing a collision free culture.
Belgian KBC ditches flotation plans
Belgian banking and insurance group KBC has confirmed plans to ditch the flotations of its Hungarian and Czech Republic subsidiaries.
View from the Top: Spanish accident insurance
As far as insurance is concerned – and particularly accident cover – the economic situation is having a major effect on premium levels.