Commercial
Insurance industry warned it could face more EC enforcement actions
The insurance industry has been told that it could face more enforcement actions from Brussels.
Glacier Re to wind down business after stategic review
European reinsurer Glacier Reinsurance, has announced that the company’s existing portfolio will be placed in to an orderly run-off with immediate effect.
EC opens antitrust investigation into insurance
The European Commission has opened formal proceedings to investigate whether certain provisions accompanying claim-sharing and joint-reinsurance agreements in the marine insurance sector might infringe European Union antitrust rules.
EC opens antitrust investigation into insurance
The European Commission has opened formal proceedings to investigate whether certain provisions accompanying claim-sharing and joint-reinsurance agreements in the marine insurance sector might infringe European Union antitrust rules.
RBSI outlines plans to close 14 of 27 sites
Royal Bank of Scotland Insurance has revealed details of a mass closure of UK insurance sites that will see 2000 people lose their jobs.
Weather events cause Ecclesiastical loss
Specialist insurer Ecclesiastical has attributed its pre-tax loss of £9.9m for first half of 2010 to a string of exceptional weather events.
Brit appoints two in Glasgow
Brit Insurance has boosted boosts Glasgow operations with property & combined hires.
Lloyd's insurer Chaucer H1 2010 result bolstered by £5.3m reserve releases
Chaucer has reported a profit before tax of £7m (30 June 2009: £17m) for the first six months of 2010 on gross written premiums of £493m (30 June 2009: £491m).
IAG UK reports full year loss of $355m
Insurance Australia Group today announced its UK business had recorded a loss of $355m for the year ended 30 June 2010 (FY09 $113m), a margin of minus 65.5% (FY09 15.2%).
Climate change - renewable energy: Investing in the future
With high targets on reducing carbon emissions, Daniel Dunkley asks if the government has the political will to invest in renewable energy and how the insurance industry can benefit.
View from the top: Changing for the better
The commercial insurance sector has seen five consecutive quarters of little or no price increases after nearly five years of steady decreases. These are challenging times for any commercial insurer or broker and when the top line isn't increasing, firms…
BIS countdown - Interview - Michael Casella: Commitment to the Chubb cause
The new CEO of Chubb Europe, Michael Casella, has spent 28 years travelling the world with the firm. Now based in London, he tells Jonathan Swift why it set up a new Lloyd's syndicate and why you'll never see it dipping in and out of markets.
Retail expansion key as Hiscox remains cautious
Hiscox plans to continue expanding its UK, mainland Europe and US retail businesses despite adopting a cautious outlook for the second half of 2010.
Post Magazine - 26 August 2010
The latest issue of Post magazine is now available to subscribers as a digital interactive e-book.
Refinancing helps Merlin cut losses
Merlin has admitted its ability to win new business has been boosted by its recent refinancing.
Post in print - 26 August 2010
Post senior reporter Leigh Jackson outlines the main news from this week's issue of Post.
Post in print - 26 August 2010
Post senior reporter Leigh Jackson outlines the main news from this week's issue of Post.
Snowball heralds recovery as Suncorp profits increase A$432m in 2010
Australian financial services group Suncorp has recorded a net profit after tax of A$780m for the full year to 30 June 2010, (2009: A$348m).
Fortis Insurance UK back in the black after strong Q2
Fortis Insurance UK this morning reported that a profit before tax of £8.4m in the first half of 2010, reflecting improved performance in the second quarter (Q1 2010: £3.2 m loss; HY 2009: £26.0m profit).
Postscript - 10 years ago: Axa merger unveiled
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, this highlight from 10 years ago reveals.
Career development & CSR news: LV raises £110 000 for charities
LV has raised £100 000 for Great Ormond Street Hospital and £10 000 for The Sparkle Appeal, a charity that helps children with disabilities.
Career path - CII exams: Repairing reputation
Professionalism could prove the most potent weapon in improving the public's perception of the insurance industry. Niall Boyd details how the CII's examinations overhaul is playing its part.
Legal update - litigation funding: Containing the genie
The role of private litigation funding has become a live issue, with collective redress systems being proposed throughout Europe. Robert Hammesfahr explains why fears of abuse and soaring costs may be unfounded.
Fire risks - kitchen ducts: Grease is the word
Improper cleaning of extraction units in the hospitality and catering sectors can cause devastating fires. Allister Smith looks at the facts.