Commercial
Amlin boss warns insurers could quit UK over Solvency II "gold plating"
Amlin chief executive Charles Philipps has warned his firm could relocate overseas because of Solvency II.
IAG buys reserve deterioration reinsurance for UK arm after $121m loss
Insurance Australia Group has conceded that it will report "a greater than expected insurance loss" of $121m (£76m) from its UK operation when it unveils its half year results on 24 February 2011.
First Assist selects new intellectual property manager
FirstAssist Legal Protection has appointed of Bob Knock as Intellectual Property Product Manager as part of its strategy to support further growth in the IP market.
Exclusive regulation and D&O content now available on Post Europe
Post Europe’s weekly update is now live with articles looking at Guernsey’s need to declare it would not be seeking Solvency II equivalency; and a View from the Top which says challenges in the European directors’ and officers’ markets are formidable.
Exclusive regulation and D&O content now available
Insurance Insight’s weekly update is now live with articles looking at Guernsey’s need to declare it would not be seeking Solvency II equivalency; and a View from the Top which says challenges in the European directors’ and officers’ markets are…
Guernsey’s independence
Guernsey recently made it quite clear it would not be seeking equivalence under Solvency II. Dominic Wheatley examines why the authorities there felt the need to make this declaration and what it means for insurers and captives there.
Post Europe: Guernsey’s independence
Guernsey recently made it quite clear it would not be seeking equivalence under Solvency II. Dominic Wheatley examines why the authorities there felt the need to make this declaration and what it means for insurers and captives there.
View from the Top: The challenge of D&O
Twenty-five years ago it was argued that “it is easier to hang onto a sow with a soapy tail than to hold a director liable”, but today the reverse is true.
Post Europe: View from the Top: The challenge of D&O
Twenty-five years ago it was argued that “it is easier to hang onto a sow with a soapy tail than to hold a director liable”, but today the reverse is true.
Chief underwriting officer Matson to leave Lloyd's insurer Novae
Peter Matson is to stand down from his role as group chief underwriting officer and member of the board at Lloyd's insurer Novae on 30 April 2011.
Former GAB manager joins Garwyn
Garwyn Group has appointed Greg Molyneaux as regional & technical director for Garwyn’s North Western operations.
Dual joins forces with law fim Kennedys
Dual Corporate Risks has entered a strategic partnership with Kennedys that will see the law firm handling claims on a third-party basis.
P&C director Price leaves Dual
Steven Price is leaving Dual Corporate Risks after just seven months at the Hyperion-owned underwriting agency, Post Online can reveal.
Aviva outlook revised to "stable" after "strong progress"
Standard & Poor's has revised its outlook on Aviva to stable from negative.
NIG defends aggressive “Guarantee to Beat” pricing campaign
Dave Parry, director of sales and distribution at NIG, has defended the firm’s March/April “Guarantee to Beat” pricing strategy, recently advertised to brokers.
Medical intermediaries condemn 57% rise in FSCS fees
The Association of Medical Insurance Intermediaries has condemned the proposed 57% increase in this year’s Financial Services Compensation Scheme levy as "unfair, excessive and totally inappropriate".
Willis aims for $180m in global cost savings to fund end to pay freeze
Willis in undertake a global review of its operations in the first quarter of 2011 to help fund the end to its salary freeze.
Catlin bolsters 2010 result with US$144m reserve releases
Catlin Group this morning reported a US$406m (£253m) pre tax profit before tax for 2010 (2009: US$603m).
Zurich GI profit falls 23% to $2.67bn due to major losses
Zurich has reported that its general insurance business operating profit fell 23% in 2010 to $2.67bn (£1.7bn) (2009: $3.46bn).
Zurich GI profit falls 23% to $2.67bn due to major losses
Zurich has reported that its general insurance business operating profit fell 23% in 2010 to $2.67bn (£1.7bn) (2009: $3.46bn).
Schemes - Conception & construction: Special delivery
Setting up schemes to cover specialist sectors can be a lucrative business - but it requires brokers, insurers and customers to work together. Stephanie Denton looks at this evolving market.
Post history - 50 years ago: Fitter wins £27 000 for limb loss
Looking through Post's back catalogue paints a unique picture of more than 150 yeas of insurance news, as this highlight from 50 years ago reveals.
In series - Geogaphy & Solvency II: National geographical risks
With 80% of business data having a geographical element, Sarah Adams looks at the way this insurers can improve their data.
MGA remains upbeat despite slow progress
Affinity Insurance Management, an appointed representative of Affinity Scheme Insurance, has disclosed a £150 867 loss in its first full-year of trading, and warned about its future viability.