Commercial
Powerplace hit by Reed departure
Towergate-owned trading platform Powerplace has confirmed the departure of chief executive Matthew Reed.
Novae finalises run-off closures
In an announcement to the London Stock Exchange, Novae has confirmed it has closed two of its run-off syndicates, while predicting its pre-tax profit for 2010 will reach at least £34m.
XL GWP flat as underwriting income falls
Property and Casualty insurer XL has recorded a combined operating ratio of 94.8% for 2010 (2009: 93.6%), while announcing it has received approval to offer insurance in China.
THB reports 32% rise in 2010 broking profit to £7m
THB this morning reported fee and commission income in 2010 was up by 5% at £48.4m (2009: £46.2m).
Willis appoints new CEOs as it unveils management changes
Willis Group has today announced a series of leadership appointments in its reinsurance, wholesale and placement divisions.
Willis appoints new CEOs as it unveils management changes
Willis Group has today announced a series of leadership appointments in its reinsurance, wholesale and placement divisions.
Whittington makes personnel change in Singapore
Whittington Group has promoted Ross Bundey, group general counsel, to the position of director of the Group’s holding company, Whittington Group Pte Ltd.
Lockton warns firms over data breaches
A new Lockton White-paper has warned organisations that do not notify data breaches they are “living on borrowed time”.
ABI: winter freeze cost insurers £1.4bn
The ABI has stated that total costs for motor and home claims reached £1.4bn during 24 November to 31 December 2010, as the “big freeze” swept across the UK.
Tawa targets US growth
Risk capital and insurance services provider Tawa has outlined plans to increase its investment in the US marketplace.
ELTO attracts 90% of insurer market
More than 90% of employers’ liability insurers have voluntarily signed up to the Employers’ Liability Tracing Office service.
Heath Lambert extends affinity deal
Heath Lambert Insurance Services has extended its partnership with The Stroke Association to offer a new suite of travel products for stroke survivors, their families and carers.
Combined under sales moratorium following FSA inquiry
Combined Insurance has been faced with a sales moratorium since October 2010 following a Financial Services Authority inquiry into its sales practices.
Towergate secures £520m bond issue
Towergate’s bond issue has been oversubscribed by as much as ten times, Post Online has learnt.
Towergate secures £520m bond issue
Towergate’s bond issue has been oversubscribed by as much as ten times, Post Online has learnt.
Post Europe February: Exclusive liability content now live
Post Europe February is now live with a look the level of conservatism many insurers are seeing from the legal system across Europe, the development of affinity markets in Eastern Europe and changes in liability legislation in Iberia. While our View from…
Insurance Insight February: Exclusive liability content now live
Insurance Insight February is now live with a look the level of conservatism many insurers are seeing from the legal system across Europe, the development of affinity markets in Eastern Europe and changes in liability legislation in Iberia. While our…
Post Europe: Affinity insurance in Central and Eastern Europe ripe for picking
There are undeniable signs that affinity markets in Central and Eastern European markets, including Poland, the Czech Republic, Slovakia, and Hungary, are ripe for expansion. However, as Jane Bernstein discovers moving in to tap this market might not be…
Affinity insurance in Central and Eastern Europe ripe for picking
There are undeniable signs that affinity markets in Central and Eastern European markets, including Poland, the Czech Republic, Slovakia, and Hungary, are ripe for expansion. However, as Jane Bernstein discovers moving in to tap this market might not be…
Post Europe: An appetite for legal liability in Europe?
Continental Europe is currently experiencing a level of conservatism among judges and legislators on legal liability. Ralph Savage investigates recent cases to see if this will change in the future.
An appetite for legal liability in Europe?
Continental Europe is currently experiencing a level of conservatism among judges and legislators on legal liability. Ralph Savage investigates recent cases to see if this will change in the future.
Post Europe: Liability in Iberia
Changes in liability legislation is attracting insurers to the Iberian Peninsula despite an increase in liquidations. Edward Murray reports on the current situation in the market.
Liability in Iberia
Changes in liability legislation is attracting insurers to the Iberian Peninsula despite an increase in liquidations. Edward Murray reports on the current situation in the market.
Arc Legal expands legal expenses product range with Swinton deal
Arc Legal Assistance has joined forces with Swinton Commercial to launch a commercial rental guarantee product for semi-professional landlords.