News
Career development & CSR news - CII: complete overhaul of skills landscape needed
The Chartered Insurance Institute has claimed that the UK's "entire skills landscape" must be overhauled if the country is to compete with other global economies.
Career development & CSR news: Profit through innovation
Recently released official figures, which revealed our economy grew by 1.1% in the second quarter of this year, left economists and business leaders both surprised and relieved. While this is a welcome development, no one should breathe a sigh of relief…
News analysis - NIG withdrawal: NIG: a very personal exit
The announcement of the proposed closure of NIG's personal lines business last week has raised a host of questions.
Aon UK reports an 8% decrease in commission and fees
Aon has reported an 8% decline in commission and fees for its UK arm in the second quarter of 2010 to $167m (£106.9m) (Q2 2009: $181m).
JLT CEO: 'we will be doing the acquiring'
Jardine Lloyd Thompson has pledged to invest in its Asian operations after posting strong international growth in its half-year financials.
Brit CEO: shareholders are key, not my own future
Brit Insurance has boosted profits and reduced its overall book, in what is expected to be its last set of results before its sale to Apollo Management.
RSA on track to double book
Mark Christer, managing director of More Than, has taken over RSA's global renewable energy book.
Editor's comment: Can NIG win back trust?
The news of NIG's proposed withdrawal from the personal lines market has caused considerable discussion this week both on the Post website and in the magazine.
Insurers urged to join IASB debate
European insurers have been urged to keep down their own costs by implementing the long-awaited International Accounting Standards Board's common reporting framework into their Solvency II plans.
Autofocus seeks bidders
The administrators of credit hire reporting firm Autofocus have published a marketing document to attract buyers to the company.
Towergate: bond issue is still on 'to do' list
Towergate is keeping the brakes on its £665m bond issue in response to little improvement in the financial markets.
Allianz claims industry first with dedicated liability fraud team
Allianz Insurance is on course to make casualty insurance fraud savings of more than £10m, after setting up a specialist fraud team.
Insurers signal motor rate rises are coming
More insurers are expected to take a close look at their personal lines motor book, following the news that loss-making NIG has drawn up a proposal to exit the business.
PL brokers defiant over demise of NIG motor
Brokers have responded defiantly to any demise of NIG's personal lines motor book, insisting there is sufficient appetite to fill the void left by the insurer.
AA falls foul of premium rate telephone scammers
AA Insurance has warned other firms to check their telephone records after falling foul of a premium rate call scam.
Nationwide to review household
High street building society Nationwide is undergoing a review of the household insurance market in a move that might unseat its long-term affinity partner Royal Bank of Scotland Insurance.
Mitie targets top spot in property claims sector
Strategic outsourcing specialist Mitie has unveiled ambitious plans to become the leading property claims company within five years, after announcing its entry into the market this week.
Axa UK CEO Moreau to leave for top job in France
Axa has confirmed long standing speculation that its UK CEO Nicolas Moreau is to leave his role and become CEO of Axa France.
Severe global flooding causes widespread losses in Asia
Aon Benfield has released the latest edition of its monthly cat recap report, which provides an analysis of worldwide catastrophic events in July.
Esure IT platform outsourced in £26m Capgemini deal
Esure has migrated the majority of its IT platform to Capgemini in a multi-million pound outsourcing deal.
IFB and Police conclude household fraud operation
The Insurance Fraud Bureau and Lancashire Constabulary today concluded 'Operation Flash’ at Preston Crown Court.
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.
Defaqto: significant variation in legal cover for uninsured loss recovery
Findings from a Defaqto study have revealed “significant variations” in comprehensive motor insurance policies, for those looking to reclaim costs for uninsured losses.