Commercial
Potholes cause rise in insurance claims
Insurance claims arising from damaged cars are likely to spike as a result of a "nasty rash" of potholes across the UK's roads caused by the recent harsh weather, the AA has warned.
PwC: "Uncertain" outlook for insurance market
Activity grew strongly in the UK financial services sector for the second quarter in a row in the three months to December, however, profitability did not increase as fast as expected, growing at the slowest pace for 18 months, and numbers employed in…
Omega consults largest shareholder following Canopius bid approach
Lloyd's insurance group Omega has confirmed receiving an "unsolicited" approach from rival Canopius for the business.
Power Place gains first broking network customer
Power Place has added 1 Answer to its client list – the first broker network to sign up to the service.
Bluefin appoints new underwriting head from Zurich
Bluefin Insurance Services has appointed Matthew Whitworth as head of marine within its underwriting department.
Mitsui unveils a series of new recruits
Mitsui Sumitomo at Lloyd’s has announced a string of new appointments to strengthen its underwriting team.
Omega more than doubles New Zealand quake loss estimate
Omega Insurance's loss estimate for the New Zealand earthquake has risen to US$16.8m, net of reinstatement premiums and before profit commission effects, and US$18.9m after profit commission.
Post Magazine – 6 January 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Former Xbridge boss plots online return – Post in print: 6 January 2010
News editor Mairi MacDonald outlines the main news from this week's issue of Post, which reports that former Xbridge boss Tony Deacon is poised to return to the market with a similar venture after his new business received the regulatory green light just…
Former Xbridge boss plots online return – Post in print: 6 January 2010
News editor Mairi MacDonald outlines the main news from this week's issue of Post, which reports that former Xbridge boss Tony Deacon is poised to return to the market with a similar venture after his new business received the regulatory green light just…
FSA fines and bans director £25 000 for part in £2m London market fraud
The Financial Services Authority has fined Barry Williams £25 000 and banned him from working in regulated financial services for his part in a scheme that defrauded leading London market insurers of more than £2m.
Hannover joins Hiscox and Argo as White Oak capacity provider
Specialist automotive and equipment underwriting agency White Oak Underwriting has announced a new capacity providers for 2011.
Advent poised to take Towergate stake
Towergate is understood to have reached an agreement in principle with private equity firm Advent International.
Former Aon claims director joins Marsh
Marsh has appointed Alan Morton as senior claims advocate of its international division and property claims practice group leader, UK and International.
Former Aon claims director joins Marsh
Marsh has appointed Alan Morton as senior claims advocate of its international division and property claims practice group leader, UK and International.
Former Xbridge boss Deacon plots online return with Primary
The former boss of online commercial insurance broker Xbridge Tony Deacon is poised to return to the market with a similar venture, after his new business received the regulatory green light just before Christmas.
Broking focus - Bribery Act: On the right side of the law
London market brokers transacting across international boundaries need to revisit their risk and compliance provision in the face of draconian new UK bribery legislation, reports Ralph Savage.
New FSA regime may boost D&O/PI take-up
The Financial Services Authority's tough enforcement stance could lead to an increase in demand for certain commercial insurance products, Reynolds Porter Chamberlain partner Jonathan Davies has claimed.
Editor's comment: The foundations are laid
Looking back 12 months to the first leader column of last year, I mulled whether 2010 would be marked by a number of changes, not least a hardening of rates, more merger and acquisition activity and insurance IPOs.
Fraud - travel database: Share and share alike
Though shared services are seen as important cost-cutting tools, initiatives have often failed to deliver projected savings. Richard Barrett explains why this happens and how insurers can maximise their returns.
Berkshire Hathaway backs Willis energy facility
Willis has created a facility designed to provide additional underwriting capacity for the oil and gas industry.
Berkshire Hathaway backs Willis energy facility
Willis has created a facility designed to provide additional underwriting capacity for the oil and gas industry.
Ironshore launches new European platform with Allied World raid
Ironshore has announced the formation of Ironshore Europe, domiciled in Dublin, Ireland.
Ironshore launches new European platform with Allied World raid
Ironshore has announced the formation of Ironshore Europe, domiciled in Dublin, Ireland.