Lloyd’s/London
Endsleigh faces High Court onslaught over claims costs - Insurance News Now – 12 May 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the potential £30m High Court battle facing Endsleigh following its alleged failure to provide “technically accurate” claims handling for Southern Rock and…
Biba 2011: Jubilee launches A&H trading portal
Jubilee Managing Agency has launched a dedicated trading portal for brokers offering a range of accident & health and speciality products supported by unique commission and profit share arrangements today at the Biba Conference in Manchester.
Biba 2011: A round-up of all the conference news
With the British Insurance Brokers' Association conference underway in Manchester Post breaks the news as it happens.
Biba 2011: TGSL enters London market
Insurance software house Transactor Global Solutions has confirmed a joint venture with G2 Associates and its formal entry to the London insurance market.
Biba 2011: Aviva, Ecclesiastical and Jubilee unveil online launches
A number of new online initiatives have been unveiled today at the British Insurance Brokers' Association conference to help broker either trade or market themselves better.
Biba 2011: Catlin targets UK brokers with 'Select' and 'Online'
Catlin has today unveiled a brand new suite of products aimed specifically at UK brokers.
Biba 2011: Trade body renews PI deal and teams up with Jelf
The British Insurance Brokers' Association has renewed its professional indemnity accredited broker panel, and launched a new private medical insurance offering.
Paraline CEO to step down
Paraline chief executive Jack Graham is set to step down from his role with the newly-launched Bermuda-domiciled insurance group on 1 July.
Munich Re still predicting 2011 profit despite €2.7bn Q1 nat cat hit
Munich Re posted a consolidated loss of €948m (£834m) for the first quarter of 2011 (previous year: profit of €485m).
Hiscox UK GWP up 8% on back of direct success and Dual tie-up
Hiscox’s gross written premiums year on year reduced by 8.0% to £453.5m (2010: £504.1m)for the first quarter. The insurer added this was "expected" as the it "maintained underwriting discipline and walked away from poorly rated risks".
Hastings' Utley, Go Compare's Parsons and Sabre's Morris all enter Rich List
Former IAG UK CEO and current Hastings chairman Neil Utley has entered the Sunday Times Rich List top 1000 today at 430= with a fortune of £160m.
Willis sees profits slide by $170m due to review charge and other one off costs
Willis reported net income for the first quarter of 2011 fell to $34m (£20.6m), compared with $204m in the same period a year ago.
R&Q: underwriting team hires will drive growth
Insurance investment company Randall & Quilter has outlined plans to boost its fledgling underwriting management division with new team hires during 2011.
Interview - Ash Bathia: building the profitability platform
QBE Europe kept competitors on their toes as it built the business and branched out. Underwriting boss Ash Bathia tells Mairi MacDonald where his sights are now set.
Post magazine – 5 May 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Marsh insurance arm sees 21% Q1 growth in Latin America
Marsh & McLennan's risk and insurance services revenue increased 10 percent to $1.6bn in the first quarter of 2011, or 4 percent on an underlying basis, it announced today.
Irish brokers wary of Quinn business model after takeover - Insurance News Now – 5 May 2011
Post reporter Amy Ellis outlines this week's major general insurance stories including the uncertainty over the business model of the former Quinn Insurance following its takeover by Liberty Mutual and Anglo Irish Bank.
Brit launches new package policy for US higher education sector
Brit Insurance has launched a new package policy designed specifically for the needs of the US higher education community.
KPMG warns over "hindsight" penalties in the wake of Solvency II delay fears
Omnibus 2 is a significant milestone for Solvency II and delays to its finalisation are having an unwanted impact on the Solvency II timeline, increasing fears that neither insurers nor regulators may be fully prepared for implementation on 1 January…
Ian Maguire promoted to active underwriter of Argenta Syndicate 2121
Argenta Syndicate Management Limited, a subsidiary of Argenta Holdings, has appointed Ian Maguire, currently direct property underwriter, as active underwriter of Syndicate 2121.
JLT "positive" on start to 2011 after Asian account wins
The year to 27 April has started "positively", JLT reported today, with increased contributions from its businesses in the faster growing economies and, in particular, a number of notable new accounts won in Asia.
Aspen records $151.7m loss in Q1 as profits hit by cat losses
Aspen has recorded a net loss of $151.7 million, including losses of $255.9 million, net of reinsurance recoveries, reinstatement premiums and taxes, resulting from the natural catastrophe events that occurred in the first quarter of 2011, down from net…
Hanover confident Chaucer bid momentum will not stall
US firm The Hanover Insurance Group remains confident it will succeed in its bid for Chaucer, despite Pamplona's refusal to sell its stake in the Lloyd's insurer.
Bolt concern over charges
Bosses at Lloyd's insurers have received a letter from director of performance management Tom Bolt, addressing fears over extra broker remuneration charges.