Commercial
Glencairn adds to food and drink team
Glencairn, a company within Faber & Dumas, the third-party wholesale brokerage arm of global insurance broker Willis Group Holdings, has appointed Jamie Webb as account executive, Glencairn Casualty.
APC drops minimum premium by up to 40% in SME push
Commercial insurance underwriting agency APC has set its sights on taking a larger share of the SME market by implementing a new area rating underwriting strategy for the lower crime level areas throughout the UK and Northern Ireland.
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
Allianz UK profit moves backwards to Euros 185m
Allianz saw its UK profit fall to Euros 185m in 2010 (2009: Euros 230m)on earned premiums of Euros 1.8bn (2009: Euros 1.6bn).
RSA bolsters motor reserves and reports UK underwriting loss of £95m
RSA's UK business reported an underwriting loss of £95m (2009: profit of £75m) and a COR of 102.2% (2009: 98.0%) in 2010.
Keelan Westall sets £1m target for online launch
Barbon-owned wholesale property broker Keelan Westall is planning to launch an online trading platform in a bid to make transactions with its partners more efficient.
One Answer Network targets continued growth
One Answer Network has targeted gross written premium of £150m by the end of the year after surpassing the 50-member mark this month.
Interview - Paul Evans: Axa's split decision
CEO Paul Evans didn't hang about when it came to splitting Axa UK's personal and commercial businesses - and now he's promising brokers great service, products and relationships, as Jonathan Swift discovers.
No-claims household insurance discount considered by Axa
Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related losses and improve its book's profile.
Aviva seeks to double online
Aviva has unveiled plans to double the volume of business conducted through its commercial e-trading broker platform.
LV turnaround is almost complete, says O'Roarke
LV general insurance managing director John O'Roarke has revealed the task of turning around the business he joined in 2006 is "90% completed", as the firm saw a £33m increase in profit for 2010.
Quake sends insurers back to square one
Insurers' efforts in settling claims from the September earthquake in Canterbury, New Zealand are "back to square one" after this week's 6.3 magnitude earthquake, according to the chief executive of Cunningham Lindsey New Zealand.
Boisseau urges insurers to heed big freeze wake-up call
Groupama Insurances' chief executive has claimed the December freeze ought to have been "a wake-up call" for the insurance industry and claimed that Association of British Insurers' £1.4bn loss estimate is an "underestimation".
North of the Border: The underwriter knows best
In a recent decision, the Court of Session has reiterated that clauses in insurance contracts require to be interpreted in a commercially sensible way and it is the commercial sense of the reasonable underwriter that counts.
Middle East policies may face court challenges
Commercial insurance policies that exclude political risk are likely to come under scrutiny by courts in the Middle East, following civil unrest in the region.
LV Broker names new director
LV Broker has appointed Michael White as director of broker strategy and performance.
Post Magazine – 24 February 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
No-claims household insurance discount considered by Axa – Insurance News Now – 24 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories including how Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related…
Axa CEO Evans shocked by the queue of suitors for broking arm Bluefin
Axa UK's new CEO Paul Evans has admitted there was a queue of companies lining up to buy the insurer's broking arm Bluefin when he took over in October 2010.
Fees hike will trigger job losses, Biba warns
The British Insurance Brokers’ Association has called for its members to write to their MPs regarding the escalating costs of Financial Services Compensation Scheme fees.
Video interview: Peter Cullum on Towergate's refinancing
Days after Towergate Partnership announced the completion of its refinancing and £200m investment from private equity firm Advent International, founder and chairman Peter Cullum CBE spoke to Post about what now lies ahead for the broker.
Towergate unveils senior underwriting promotions
Towergate has promoted Keith Harrison and Keith Jackson to the positions of chief operating officer, commercial underwriting and commercial director, commercial underwriting respectively.
Zurich signs $1.67bn deal with Santander
Zurich has signed a memorandum of understanding with Santander to enter into a 25-year strategic distribution arrangement in Latin America.
Zurich signs $1.67bn deal with Santander
Zurich has signed a memorandum of understanding with Santander to enter into a 25-year strategic distribution arrangement in Latin America.