News
Auclair Re expands practice with new hire
Auclair Re International has expanded its reinsurance practice with the addition of Rory Young as senior vice president, life accident & health.
AM Best removes ratings of Tunis Re from under review
AM Best has removed ratings of Tunis Re from under review with negative implications, and affirmed the financial strength rating of B+ and issuer credit rating of bbb-. The outlook assigned to both ratings is stable.
Insurance think tank publishes annual survey findings
Think tank The Geneva Association has published the results of its annual membership survey of the views of more than 80 insurance CEOs on international regulatory efforts to contain systemic risk, national government response to climate change and the…
Insurance think tank publishes annual survey findings
Think tank The Geneva Association has published the results of its annual membership survey of the views of more than 80 insurance CEOs on international regulatory efforts to contain systemic risk, national government response to climate change and the…
Pru Health adopts new ‘sustainable’ commission model
Pru Health has adopted what the health insurer believes to be a more sustainable and transparent commission model. From April, all small and medium enterprise new business has been written on a 10:10 commission basis, with 10% initial commission and 10%…
Met Office predicts a less active 2011 tropical storm season
The Met Office is expecting a less active 2011 North Atlantic tropical storm season with 13 tropical storms forecast between June and November, compared to the 19 that took place in 2010.
Power Place reaches online marketplace target
Power Place has achieved its target of 1000 brokers signed-up to use its online marketplace, with the addition of Compare Insurance.
Failure rates improve amongst UK SMEs
Experian’s latest Insolvency Index shows that the health of the UK’s micro and small business community improved in April.
Marsh and Mercer open Manchester office
The new Manchester office of subsidiaries Marsh and Mercer has been opened by Marsh & McLennan Companies president and CEO Brian Duperreault.
Brake’s graduated licensing scheme is criticised by Young Marmalade
Young Marmalade, the insurance for young driver specialists, has disagreed with driving charity Brake over the graduated driver scheme they presented to Parliament yesterday.
Guidewire Software makes senior sales appointment
Provider of core system solutions to general insurers, Guidewire Software, has named Stephen Butcher vice president for the EMEA region.
British Insurance Awards 2011: shortlist announced
Today the Post editor-in-chief Jonathan Swift is proud to unveil the shortlist for the 2011 British Insurance Awards.
Willis launches pay-as-you-go grey fleet cover
Willis has created an insurance scheme to address the insurance problems associated with allowing staff to drive their own cars on business – the so called grey fleet.
Guidewire Software makes senior sales appointment
Provider of core system solutions to general insurers, Guidewire Software, has named Stephen Butcher vice president for the EMEA region.
People moves – 26 May 2011
A round-up of people moves and new appointments in the industry, as featured in the 26 May 2011 edition of Post.
Career development & CSR: Risk professionals in demand as pay packets set to rise 25%
Solvency II is driving demand for risk professionals in the insurance industry, with 44% of risk professionals expecting their teams to grow in the next 12 months, according to new research.
Towergate sets £25m target for new in-house e-trading arm
Towergate Underwriting has targeted an additional £25m in gross written premium once its new commercial e-trading proposition goes live this summer. The firm currently claims to control a total of £600m in GWP — of which £75m is through various software…
LV in second IFB senior staff swoop
LV's counter-fraud division is on target to be 100-strong by the year end, 10 times the size of the start-up team that launched four years ago.
Eight against EU-wide tax base
Eight countries have come out against plans to introduce a standard European Union-wide corporate tax base, following the deadline of 20 May.
Law change in Japan could override policies
New insurance regulations in Japan could inadvertently heighten the industry's exposure to the Japanese earthquake and tsunami damage and, in some cases, override existing policy wordings, according to a specialist lawyer.
Law report: Parent company responsible for subsidiary action in asbestos case
This law report has been contributed by national law firm Berrymans Lace Mawer.
Career development & CSR: Top marks for Hastings pair
Two risk and compliance officers at Hastings Direct have gained top marks in a professional accreditation in compliance exam.
North of the Border: judicial awards in fatal claims
After six months of consistently increased Scottish civil jury damages awards for fatalities, Bellingham & Others v James Todd has now demonstrated the prospective impact on judicial awards.
Chaucer takeover set
The acquisition of Chaucer by The Hanover Insurance Group, set for completion by 1 July, will create a combined premium income of $4bn, and bring scale, diversity and financial strength benefits to all stakeholders, according to the Lloyd's insurer.