News
Career development & CSR: Ask the expert
We’re looking to recruit a number of people to our firm in the next 10 weeks — are there any potential hot spots where we need to be mindful of higher salary demands?
Career development & CSR: CII assessment changes
The Chartered Insurance Institute has unveiled a new assessment method allowing candidates to use their previous experience to achieve an advanced diploma in insurance.
People moves – 18 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 18 August 2011 edition of Post.
Career development & CSR: Allianz apprenticeship scheme targeted at A-level students
Allianz Insurance has launched a new apprenticeship programme giving students with A-level qualifications the opportunity to work within its retail division.
Broker to launch insurer after AIM IPO
Property insurance broker Allanfield is today (18 August) launching on the Alternative Investment Market and taking over rival specialist Industrial & Commercial Property Insurance Consultants as part of the deal.
A&A seeks CEO before Euro push
Non-standard motor broking specialist A&A Group has outlined ambitious plans to expand its European footprint, ahead of a potential cash injection.
Insurers extend riot notification period
Insurers have extended their claims notification periods for claims resulting from the riots in response to the government’s own extension of the notification period under the Riot (Damages) Act compensation scheme.
LV to outsource due to GI focus
LV has underlined its focus on general insurance by outsourcing its asset management business in a long-term partnership with Threadneedle Investments.
OFT clears Google of monopoly rule breaches
One of the UK’s largest aggregators has welcomed the Office of Fair Trading’s decision to clear Google of any monopoly rule breaches following its acquisition of Beat That Quote. Compare The Market said the merger creates “healthy competition”.
IIF pushes for distinct sector regulation
The Institute of International Finance has called for a “greater cross-sectional co-ordinated” response from the insurance and banking industries to ensure the sectors have separate regulation.
Travelers motor exit prompts market withdrawal speculation
Travelers’ decision to pull the plug on its private motor business in Ireland could signal the company’s complete withdrawal from Ireland, according to local players.
Bluefin looks to become ‘consolidator of choice’
Bluefin has staked its claim on becoming the consolidator of choice as it sets out to beef up its existing 54 offices in the UK after getting extra backing from its insurer parent.
Mapfre targets used car warranty market
Spanish-owned insurer Mapfre Assistance is seeking a share of the £600m UK used car warranty market with the launch of its new brand, Mapfre Warranty.
Working party formed to solve costs policy issues
A team of lawyers from different disciplines are to sit on the new Civil Justice Council working party to find practical solutions in three areas of costs policy identified in Lord Justice Jackson’s civil litigation costs review.
Career development & CSR: Bishop Skinner raises £64 000 for RNLI
Bluefin Insurance Services’ specialist marine division has raised almost £64 000 for the Royal National Lifeboat Institution in the past year through commission on insurance premiums.
Insurance heavy-hitters demand regulatory co-ordination
Insurance and banking regulators should use the 12-month delay in fully implementing Solvency II to provide urgently required clarity and create a co-ordinated response to it and Basel III, according to the group chief risk officer at Zurich.
Travelers motor exit prompts market withdrawal speculation – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including Travelers’ decision to pull the plug on its private motor business in Ireland, leading to speculation that the insurer is planning to withdraw from the country…
SRA publishes ABS guide
The Solicitors Regulation Authority has published guidance to help interested companies form alternative business structures.
NRWB launches risk management product
The National Register of Warranted Builders has partnered with Celsius Pro, Swiss Re and Aon Benfield Securities to offer its members a new risk management product.
Motaquote vows to centralise after shutting seven branches
Motaquote bosses have vowed to centralise the firm’s renewal process as part of a restructuring strategy which has seen seven high street branches close across Wales.
Eiopa launches equivalence consultation
The European Insurance and Occupational Pensions Authority has launched a consultation on the potential equivalence of the Bermudan, Japanese and Swiss supervisory systems with Solvency II.
Eiopa launches equivalence consultation
The European Insurance and Occupational Pensions Authority has launched a consultation on the potential equivalence of the Bermudan, Japanese and Swiss supervisory systems with Solvency II.
Bank of America to "exit" Premium Credit
Bank of America will "exit its UK and Ireland credit card retail businesses" including Premium Credit.
Sagicor reports worst first quarter in half year results
Sagicor at Lloyd’s experienced the “worst first quarter” for natural catastrophes in recorded history after experiencing net loss attributable to shareholders of US$2m in the sixth month period.