News
Allianz’s COR increases to 96.1%
Allianz’s combined written ratio has depreciated slightly to 96.2% (2010 - 95.3%) for its 2011 half year results.
Deacon appoints landlord to business development manager role
Insurance broker Deacon has appointed Will Gentle to the role of business development manager.
Quote Devil sets up helpline to help Travelers' motor customers
Dublin-based insurance broker Quote Devil has set up a dedicated consumer help-line to offer assistance to worried customers of Travelers Motor Insurance after the American company announced it is withdrawing from the market.
RSA insurer for Sony Warehouse building
RSA is the insurer for the Sony Warehouse building in Enfield which was destroyed by fire during the riots on 8 August, Post understands.
Aviva accounts head jailed for expenses fraud
The head of accounts manager at Aviva's York has been jailed for four months and sacked after being found guilty of expenses.
Post Blog: The true value of awards
What's the value in winning an industry award?
Irish firm offers smartphone security package
Irish firm You Get It Back has teamed up with American retailer Best Buy to offer a security package for mobile devices such as smartphones and tablets.
Infrassure Switzerland and Liechtenstein sees capitalisation remain strong
AM Best has affirmed the financial strength ratings of A- Excellent) and the issuer credit ratings of “a-” of Infrassure(Switzerland) and its affiliate, Infrassure Vaduz (Liechtenstein). The outlook for all ratings remains stable.
GAB on "red" as it races to inspect riot areas in 24 hours
Loss adjuster GAB Robins plans to complete inspections of riot-ravaged areas across the country in the next 24 hours.
Industry welcomes riot claims period extension
The insurance industry has welcomed the Prime Minister's decision to agree to extend the period for policyholders to lodge claims from 14 to 42 days under the Riot Damages Act.
Axa Commercial targets record £1.2bn GWP by 2015
Outlining Axa’s strategy for the commercial lines business, CEO Amanda Blanc said that it aims to have a combined opertaing ratio of 95% by 2015.
CBG secures blind society appointment
Independent insurance broker and financial services intermediary CBG Group has been appointed by a society for the visually impaired.
Cooper Gay Swett & Crawford appoints first Group CIO
Cooper Gay Swett & Crawford has appointed Brent Kruger its first Group Chief Information Officer.
Bupa sees improved European performance in H1
Healthcare provider Bupa has reported half year revenue for Europe and North America of £1,464.4m, which contributed 37% to the group revenues of £3,929m.
Zurich UK warns of commercial lines 'market correction' if rates do not rise
Zurich UK says raising personal line premiums by 18% for the past two years and commercial rates by 3% helped it to a half year operating profit of £71m, up £8m or 13% on the same period last year.
Kiln 2010 account affected by catastrophes
R J Kiln & Co, part of the Tokio Marine Group, has released updated forecasts for the 2009 and 2010 years of account.
Innovation Group lands RBS £40m subsidence contract in insurer first
Innovation Group has landed the first subsidence claims contract with RBSI since the insurer stopped using a panel of suppliers.
Rapid growth sees Kazakhstan's Nomad Insurance assigned 'B-' rating
Fitch Ratings has assigned JBC Insurance Company Nomad Insurance an insurer financial strength rating of 'B-' and a national IFS rating of 'BB-(kaz)'.
Zurich results show a solid performance
Swiss insurer Zurich has announced a half year operating profit 7% down on 2010 at £2.1bn but said its second quarter was 7% up at $1.3bn.
Riot Damages Act enforced even if uninsured - deadline extended
Prime Minster David Cameron has announced that the period for claims to be lodged under the Riot Damages Act has been extended from 14 to 42 days.
Invicta buys Wordsmith's GI business
Paul Cosh and Steve Gamage’s acquisitive broker vehicle Invicta Insurance Services will complete its 9th acquisition in just 18 months in September, buying the general insurance portfolio of Suffolk broker Wordsmith Insurance Services.
Risk map warns investors of countries that cannot cope with natural disasters
China, India, Philippines and Indonesia have the highest economic risk for investors from natural disasters because of their lack of resilience, risk mapping firm Maplecroft has warned.
Industry needs to “wake up” MPs to Solvency II
Speaking to Post, Chris Leslie MP, shadow financial secretary to the Treasury, said that the insurance industry has not yet managed to wake up parliament and politicians to the impact that Solvency II could have.
Thatcham receives stamp of Training Excellence
Thatcham’s Automotive Academy has become one of the first training organisations in the region and the automotive sector to receive the Training Excellence stamp.