News
2011 subsidence claims to cost industry £250m
The number of subsidence claims could reach 37 000 by the end of the year, costing the industry up to £250m.
Solicitors’ PI squeezed further as Chartis exits new business
Chartis UK has blamed the high volume and cost of claims for its decision to stop writing new solicitors’ professional indemnity business this year but has not ruled out reversing its policy in the future.
Aviva rules out target change despite over-achieving
Aviva has pinpointed a much improved private motor result as being pivotal to it posting an above-target combined ratio of 96% (H1 2010: 98%) for its half-year UK general insurance business. But despite emphasising “strong continued momentum” in UK GI…
Quadra lures back previous customers
A Manchester-based loss adjusting firm, created by the founders of Carr Greenwood Smith, has won back old customers UK General and Ecclesiastical following its split from Merlin in March last year and recruited more than a dozen employees.
Giles in bid to protect jobs after CBG buy
Expansionist broker Giles has vowed to protect jobs “where possible”, following the acquisition of Manchester-based broker CBG, which is expected to be finalised within two weeks.
Career development & CSR: Cunningham Lindsey cycles to success
A Cunningham Lindsey bike ride around the Peak District has raised £1200 for Macmillan Cancer Support, the loss adjuster’s chosen charity.
Career development & CSR: Mercury West staff prove they are Tough Guys
Iron-lunged brokers from Mercury West Associates proved they had the mettle to tame ‘the nettle’ after completing the Tough Guy Challenge.
Career development & CSR: CFC triathlon teams raise £3000 for charity
Thousands of pounds were raised for charity as fighting fit employees from CFC Underwriting pushed themselves through the pain barrier at the Active London Triathlon. Months of training were put to good use during the gruelling annual event, which tested…
People moves - 11 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 11 August 2011 edition of Post.
Brit brokers reminded to keep policyholders up to speed
Brit Insurance has issued a reminder to all its brokers to ensure that policyholders affected by the UK riots notify the company with detailed information about the claim within seven days.
Swinton offers riot reassurance to residents and business owners
Further reassurance has been given to householders and business owners who have suffered damage during the ongoing UK riots, after Swinton Insurance became the latest firm to announce that victims should be covered by their policies.
Labour leader calls on insurers to pay riot claims quickly
As David Cameron prepares to “fightback” against the rioters and looters who have wreaked havoc in recent days, opposition leader Ed Miliband has called on the government to work with insurers to help victims.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
Staff face redundancies as Travelers exits private motor market
Travelers Insurance has today confirmed its decision to exit the private motor market in Ireland from 1 October, following a review of its strategy and operations in Europe.
Staff face redundancies as Travelers exits private motor market
Travelers Insurance has today confirmed its decision to exit the private motor market in Ireland from 1 October, following a review of its strategy and operations in Europe.
Impact of UK riots should not affect insurer ratings
Insurers have been reassured that the ongoing riots being carried out across the UK should have no impact on company ratings.
Impact of UK riots should not affect insurer ratings
Insurers have been reassured that the ongoing riots being carried out across the UK should have no impact on company ratings.
Insurers called to action in global regulatory debate
Bosses at KPMG have urged insurers to move the global regulatory debate forward after stating that it is inevitable that some insurers will be classified as systemically important financial institutions.
LV renews rugby cup sponsorship
LV has agreed to sponsor the Ango-Welsh Cup for a further four years.
More Than looks to Rias for new MD
More Than has appointed Janet Connor to the role of managing director.
CGSC names first-ever group CIO
Brent Kruger has appointed as Cooper Gay Swett & Crawford’s first group chief information officer.
ABI clarifies legal position of riot compensation
The ABI has moved to reassure customers that they are covered for riot damage under their home and business insurance following bogus reports that the police need to designate recent events as a “riot” before compensations schemes are activated.
Marsh and Zurich respond to riots
Marsh and Zurich have responded to the escalating riots across the country with guidance notes and have vowed to help customers get back on their feet.
Allianz commercial appoints chief casualty surveyor
Allianz Commercial has promoted Craig McLaughlin to the role of chief casualty surveyor.