News
Axa blames injury claims for motor reserve top-ups
Axa has denied its need to top-up motor claims reserves for the last five years is because of its acquisition of Swiftcover, blaming instead high claims costs.
Aviva u-turns on single brand policy with QMH
Aviva’s UK retail director Steve Treloar has vowed to expand new car insurance brand Quote Me Happy into the household market.
Bank holiday breakdowns
Unsettled weather meant the AA only reported 35 000 breakdowns between 26 August and 29 August, 1000 lower than the August bank holiday 2010 but 1000 higher than for the same period in 2009.
Capita looks to double in size by 2013
Outsourcing specialist Capita Consulting has unveiled plans to recruit 30 more consultants to its financial services practice and to double the size of its business in two years.
Clinicians call for a whiplash consensus
Leading clinicians are set to call for a new consensus in tackling the whiplash culture in the UK at a conference in November.
People moves - 1 September 2011
A round-up of people moves and new appointments in the industry, as featured in the 1 September 2011 edition of Post.
Lawyers target insurers through fraudulent claims
Solicitors practice Cost Advocates has warned of a growing trend of claimant lawyers submitting costs for personal injury claims.
Marsh buys Alexander Forbes broker business
Marsh of Marsh & McLennan companies has acquired the brokerage business of Alexander Forbes.
Brit motor boss warns haulage firms over EU regulation
Haulage companies in the UK have been warned they must increase uptake levels in the new EU-wide regime of driver certification of professional competence or else face "devastating ramifications”.
Debrett's launches HNW insurance cover
Publishers of books on etiquette and manners Debrett’s has launched a new insurance service providing comprehensive buildings and contents cover for “discerning” home owners.
Howden opens for business in Bermuda
Howden Broking Group, part of international insurance and reinsurance distribution group Hyperion, has opened a new wholesale and retail operation in Bermuda’s capital, Hamilton.
Insured losses from Irene could reach $3.4bn
Risk modelling firm Eqecat has estimated that hurricane Irene could cost insurers between $1.8bn and $3.4bn.
Hurricane season leaves companies facing rating pressures
Insurance companies could be left facing rating pressures as the potential for continued hurricane-related activity increases throughout the peak season, according to experts at A.M. Best Co.
Governments leveraging private insurance skills
More governments are leveraging private insurance skills and the growing capacity of the sector to cover catastrophe losses as well as a wide range of other risks, according to Swiss Re in its latest sigma research publication.
Essex broker rebuffed by Qmetric over Primo name - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include an Essex based insurance broker lodging a formal complaint against Qmetric for using the Primo trading title which it claims was its brand name first.
Hurricane season leaves companies facing rating pressures
Insurance companies could be left facing rating pressures as the potential for continued hurricane-related activity increases throughout the peak season, according to experts at A.M. Best Co.
Insured losses from Irene could reach $3.4bn
Risk modelling firm Eqecat has estimated that hurricane Irene could cost insurers between $1.8bn and $3.4bn.
All conditions satisfied for Giles' CBG bid
All conditions for the £5.1m offer from Giles for fellow broker CBG have now been satisfied.
Columbus Direct to offer ash cloud cover
Columbus Direct has launched a new ash cloud travel cover designed to protect customers in the event their travel plans are disrupted by a volcanic eruption.
Keelan Westall and CKW renegotiate claims deal
Property insurance brokers Cadogan Keelan Westall and Keelan Westall have renegotiated their delegated authority agreement with insurer Zurich to allow the in-house claims team to process and settle claims up to £5000 net of policy excess.
Omega points to H1 catastrophes following early losses
Record industry-wide catastrophe losses have been blamed by Lloyd’s insurer Omega for an after-tax loss of $44.5m (£27.2m) in the first half of 2011.
Howden opens for business in Bermuda
Howden Broking Group, part of international insurance and reinsurance distribution group Hyperion, has opened a new wholesale and retail operation in Bermuda’s capital, Hamilton.
Foil warns MP on civil justice reform
City insurance lawyers group the Forum of Insurance Lawyers has warned MPs planning to reform civil litigation costs not to “go soft” and be swayed by those arguing against change.
Audience with Zurich: Techmedia sector in the spotlight
Zurich Insurance today launched independent research which found that more than half of Britain’s mid-size technology companies feel at risk from losing skilled employees, with the figure rising to 70% amongst companies with a £25-£100m annual turnover.