Lloyd’s/London
Mitsui issues timber frame warning
Mitsui Sumitomo has warned property owners of the dangers of carrying out extensive repairs on timber frame buildings.
LMA: industry powerless against pirates
The Lloyd's Market Association has insisted the insurance industry is powerless to stop the growing threat of piracy off the Somali coast.
Career development & CSR: Economic argument wins Lloyd's-backed competition
the winner of the Tower Hamlets public speaking competition at the Lloyd's Old Library warned that individual attitudes are just as responsible for the UK's troubled economic state as government actions.
News analysis - QIS5: Unfinished business
The fifth quantitative impact study results have been revealed. Neil Coulson casts an eye over the findings and what they mean for the implementation of Solvency II.
Post history - 10 years ago: modernising move loses momentum
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Large Corporate Risks - Claims: Network issues
In the wake of Cunningham Lindsey's international claims hub launch, Veronica Cowan looks at the pros and cons of claims centralisation and asks if some risks are more suited to it than others.
Penny black's insurance week
You can say what you like about them, mused Penny, but insurance people know a good corporate jolly when they see one.
Regional Report - Dublin: Dublin up
Ireland has been bailed out by the International Monetary Fund, insolvencies and unemployment are up, insurers premium incomes down and rates show no sign of real hardening. But, when Stephanie Denton visited Dublin she found the market surprisingly…
Comment - commercial insurance: Trouble brewing
In the wake of a damning report on the commercial lines insurance market, Roger Flaxman enters the debate and examines the clash between insurers' principle of utmost good faith and their fiduciary duty to shareholders.
Hiscox sets sights on £100m untapped emerging PI premium
Hiscox is on the lookout for opportunities to build its book by targeting untapped emerging professional indemnity risks in the SME space that it believes could be worth up to £100m.
Lloyd’s set to continue fight for CER relief post-Solvency II
Lloyd's has vowed to fight for tax relief on claims equalisation reserves to be retained beyond the implementation of Solvency II, after its premise was challenged in the Budget.
Post magazine – 31 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Lloyd’s profits dip after catastrophes
Insurance market Lloyd’s has posted profits of £2.2bn for 2010 – down more than £1.5bn on the sum for 2009.
Omega rating under review over exposure management concerns
AM Best has placed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Omega Specialty Insurance (Bermuda) and the ICR of “bbb” of Omega Insurance Holdings under review with negative implications.
Canopius acquires K Drewe and Look
The largest privately owned Lloyd’s company, Canopius, has acquired the businesses of K Drewe Insurance Brokers Limited and Look Insurance Services Limited.
Ascot Underwriting records profit of £97.1m
Ascot Underwriting said its 2010 Lloyd’s results recorded a pre-tax profit of £97.1m and a combined ratio of 79.2%.
Liberty grows Brazilian operations
Lloyd’s underwriter Liberty Syndicates has moved to a new office in Sao Paulo.
International legal group rebrands
The Benefit Insurance Lawyers Group has changed its name to Insuralex.
Exclusive piracy and technology content now available on Post Europe
Post Europe’s weekly update is now live with an article on an article on how international cooperation can tackle piracy and an interview with Ashish Goel from Infosys Technologies.
Erwin: growth to come from broking firm uncertainty
Westinsure's incoming chief executive Norrie Erwin has said regulatory uncertainty in the broking sector will boost the firm's growth.
Crawford fraud boss pinpoints social media as ideal weapon
Crawford & Company vice president of counter-fraud solutions Bobby Gracey has highlighted social networking websites as a new weapon that insurance companies can use to combat fraud.
Aldermanbury Declaration - One Year On: The Debate
If you missed yesterday's live webinar debating the Aldermanbury Declaration - one year on - it is now available for viewing on-demand.
RBSI ousts Esure to win Sainsbury’s Finance contract – Insurance News Now – 24 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including the decision by Sainsbury’s Finance to replace its current motor insurance provider Esure, with Royal bank of Scotland Insurance.
Amlin Corporate CEO to step down
Amlin Corporate Insurance chief executive Patrick Coene is to stand down on 30 June.