Commercial
Lockton and German broker Funk unveil new tie up
Independent insurance brokers, Lockton and Germany-based Funk Group, today announced that they will expand their risk management service alliance.
Axa: homeowners in flood risk areas are underpaying for insurance by 58%
Household insurance for homes in high flood risk regions is being subsidised by £511 each year, according to Axa. This means that homeowners in affected regions are only paying 42% of the true cost of insurance to protect their homes against flooding.
Allianz: 50% of brokers have no knowledge of CIE regulations
Almost 50% of brokers have no knowledge of the new Continuous Insurance Enforcement regulations, which are due to come into force early in 2011, Allianz Commercial has learnt.
RMS: 2010 saw second most hurricanes since 1851
The 2010 Atlantic Hurricane season, which officially ended on 30 November, had the second highest number of hurricanes since records began in 1851, according to analysis by Risk Management Solutions.
Reid: Bluefin is moving away from 'macho' tag
Bluefin Insurance Services has said that the restructure of its operations, announced this week, is designed to help it develop a national strategy rather than facilitate branch closures.
Jubilee off the market as Ascot buys motor book
Jubilee group chief executive Andreas Loucaides has vowed that the Lloyd's underwriter is no longer for sale, despite Ascot Underwriting acquiring its commercial motor book.
Aviva returns to pay-as-you-drive market
Aviva has returned to the pay-as-you-drive insurance market, two years after it pulled its personal lines offering, with a launch targeting the haulage industry.
Brokers face North-South divide over M&A activity
Brokers in the 'resilient South' are standing their ground when it comes to getting the price they want for a sale, creating a divide between themselves and their northern counterparts in terms of acquisition availability, it has been claimed.
RSA looking for repair supplier
RSA has kicked off a tender process to find a repair supplier for its commercial property claims, Post has learnt.
Legal review of the year: Less doing more
Consolidation among insurance law firms was the hot topic for 2010, as they try to meet insurers' demands. Veronica Cowan reports on an interesting year.
Fusion adds D&O and engineering
Towergate-owned underwriter Fusion is poised for a move into directors' and officers' and engineering insurance sectors in 2011.
Allianz on track to eclipse £30m target
Allianz Commercial is expanding its cross-border insurance offering as part of a relaunch of its UK mid-corporate operation.
Post Magazine – 02 December 2010
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Towergate reacts to deputy CEO Blanc's departure to Axa
Towergate has responded to the news that Amanda Blanc is leaving the company to join Axa.
Towergate deputy CEO Blanc returns to Axa as commercial boss
Axa UK has confirmed Amanda Blanc will return to the firm as CEO of its commercial lines business which includes its distribution arm, Bluefin Insurance.
Chaucer ups underwriting interest in Lloyd's by 7.65% in 2011
Chaucer Holdings, the Lloyd's specialist insurance group, today announced that following completion of the Lloyd's coming-into-line process, including reinsurance arrangements, its total underwriting interests will be £707.2m for 2011.
Ageas MD Cliff slams 20-40% dual pricing differences
Mark Cliff, Ageas managing director, has criticised the market practice of dual pricing on new and renewal business and the “Christmas sales” where “slabs of increased commissions are introduced to bring in business”.
Brokers face North-South divide over M&A activity – Post in print: 2 December 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post, which includes claims that brokers in the ‘resilient South’ are standing their ground when it comes to getting the price they want for a sale, creating a divide between…
Brokers face North-South divide over M&A activity – Post in print: 2 December 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post, which includes claims that brokers in the ‘resilient South’ are standing their ground when it comes to getting the price they want for a sale, creating a divide between…
BMS recruits former Benfield head to expand liability arm
BMS has appointed Theresa Schugel as executive vice president to lead the expansion of its global specialty casualty practice which has expertise in medical professional liability, lawyers’ professional liability, workers compensation, D&O and other…
Swiss Re: insured losses up 34% to $36bn in 2010
According to initial estimates from Swiss Re’s sigma team, worldwide economic losses from natural catastrophes and man-made disasters were $222bn in 2010, more than triple the 2009 figure of $63bn.
Swiss Re: insured losses up 34% to $36bn in 2010
According to initial estimates from Swiss Re’s sigma team, worldwide economic losses from natural catastrophes and man-made disasters were $222bn in 2010, more than triple the 2009 figure of $63bn.
Markel CEO to take two months out for medical treatment
Markel Corporation has announced that chairman and chief executive officer Alan Kirshner may be absent from the corporation's offices for most of December and January while receiving medical treatment.
Markel CEO to take two months out for medical treatment
Markel Corporation has announced that chairman and chief executive officer Alan Kirshner may be absent from the corporation's offices for most of December and January while receiving medical treatment.