News
Jelf expands in affinities and PI sales
Broker Jelf has said its insurance growth has been on the back of a “fantastic year” in professional indemnity insurance sales and the success of specialist policies for recruitment firms.
Swinton executive board sacked amid share scheme concerns
The entire Swinton executive board has been dismissed with immediate effect following concerns by parent company Covea that members were putting their personal interests ahead of those of the company and its employees.
IFB names new boards for expansion
The Insurance Fraud Bureau is to split its governance and technical management into separate boards and has announced a new line-up up of senior industry figures who will take over in the New Year.
AGS hits back at accusation over payment
Avertis Global Solutions has denied allegations that it has failed to pay its field force for three months following the acquisition of Avertis Ltd on 14 November.
RSA names Fairmann for broker HNW
Insurer RSA has named Giles Fairmann as business development manager working on its high net worth offering for brokers.
Uniqa has ratings lowered to 'A-' despite ongoing restucturing
Austrian insurer Uniqa has had its rating dropped to 'A-' but with a stable outlook reflecting the fact it looks able to restore its capital adequacy in 2012.
Admiral refuses to comment on law firm rumours
Admiral told Post it is not commenting on reports in the Telegraph that it is considering branching into the legal sector.
Japanese non-life sector stable, Fitch says
The outlook for the Japanese non-life insurance industry is stable, underpinned by a recovery in the core automobile business line, according to a new Fitch report.
Underwriting deficit from compulsory motor constrains Malaysian GI market
The rating outlook for Malaysia's insurance market is stable, supported by sound operating profitability, steady market growth and manageable exposure to investment risks.
RSA quits unprofitable biker markets
Insurer RSA has been forced to quit the motorcycle market after a decade that saw it hit by higher than average third-party bodily injury claims from pillion passengers.
Homeserve to outsource complaints
Homeserve said it intended to outsource its complaints handling, following the appointment of a new director of customer relations, reporting directly to Jonathan King who was parachuted in as CEO of Homeserve Membership.
Jelf’s insurance EBITDAE rises 14%
Broker Jelf said its insurance sector revenues were up 4.5% to £44.8m (£42.9m) with its insurance EBITDAE up 14% to £4.9m (£4.3m). Jelf said insurance accounted for 62% of its business.
Garwyn dropped from QBE loss adjusting panel
Garwyn’s UK division has not been selected for the QBE loss adjusting panel next year, Post can reveal.
13 December: To have and to hold on tightly
A marriage proposal is a daunting prospect, both from the point of view of the proposee and for the person being proposed to. It is one of those things one always hopes will be met with delight, but the reaction can never be predicted.
Storm alert: Southern England to be hit with gale force winds
Stormy weather is expected to batter the south of England later this week, according to GAB Robins.
Post magazine 2015 features list
Since January 2012, Post magazine has been running its features on a monthly, rather than an annual basis. For updates contact commissioning editor Rachael Adams.
Indian parliamentary committee rejects proposal to raise FDI cap
India’s parliamentary standing committee on finance has rejected the government’s proposal to increase the cap on foreign direct investment in insurance from 26% to 49%, according to India Today.
Uniqa appoints new Austrian director
Diego Reichstamm has been announced as the new country director of Uniqa in Austria as of January 2012.
Willis Group acquires Broking Italia
Willis Italy, part of global broker Willis Group, has acquired Broking Italia SRL, a specialist in the Italian insurance market.
Outlook negative for Rossiya Insurance Company
OJSC Rossiya Insurance Company has had its 'B-' insurer financial strength rating and its 'BB-' National IFS rating affirmed by Fitch.
Willis acquires Broking Italia
Willis Italy has acquired Broking Italia, which specialises in employee benefits and supplementary pension programs.
Quote Me Happy extends aggregator distribution
Quote Me Happy is extending its distribution across two more price comparison sites following its exclusive launch on Go Compare earlier this year.
S&P warns of mass insurer downgrade
Allianz, Aviva and Axa are among 15 insurers placed on negative watch by Standard and Poors.
QBE names European markets head
QBE has appointed Judy Holt as head of business development, European markets with immediate effect.