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Top 5 Post stories
The top five most popular stories on postonline.co.uk over the last week were:
Lloyd's insurer continues diversification with Swiss plan
Catlin's plan to establish a reinsurance company in Switzerland has been described as another significant move by the group to diversify away from its Lloyd's roots.
Biba pushes aggregator issues at European broker meet
The British Insurance Brokers' Association has met fellow European broker bodies in Tel Aviv to discuss the Insurance Mediation Directive and other European issues.
Credit hire stake sees Lord Young impartiality queried
The Cabinet Office has insisted Lord Young of Graffham remains the right person to lead an investigation into compensation culture in the UK, despite having a major shareholding in credit hire firm Accident Exchange.
Businesses to feel the heat as large fires continue to rise
Challenging economic conditions are having a significant impact on fire danger, according to the Association of British Insurers director of general insurance and health, Nick Starling.
Catlin to join solicitors' PI market exodus
Bermuda-based insurer Catlin has become the latest player to withdraw from the troubled solicitors' professional indemnity insurance market.
Non-life weathers storm
In the UK non-life premiums fell 3.1% to $92bn (£61bn) in 2009 (which ranked it fourth behind the US, Japan and Germany) out of a total of $309bn (which ranked the UK third behind the US and Japan), and that insurance penetration was 12.9%, according to…
Late claims payment fine
Insurers should expect to pay damages to their clients when they are slow to pay claims, according to the Association of Insurance and Risk Managers.
EA calls for flood funding
The Environment Agency is calling for communities and businesses to contribute more towards the funding of future flood defences.
Rehab providers urged to tackle 'therapy drift'
Rehabilitation providers must become more commercial and proportionate in their dealings with injured claimants to prevent "therapy drift" and inflated costs for insurance purchasers.
No grace period on IPT
London market insurers and brokers have been told they will not be given the same grace period as when faced with the last hike in insurance premium tax.
Confused leads the insurance pack in social media usage
Confused has topped an index of the most 'followed' insurance brands on social media websites.
MoJ: personal injury text pests to be investigated
The Ministry of Justice is understood to be investigating the rising tide of organisations sending unsolicited text messages to consumers promoting personal injury services.
Amlin raids Catlin for lead specie underwriter
Amlin has appointed James Farquhar from Catlin with a brief to build up the account together with Class Underwriter, Rod Little.
QBE to combine London market teams
QBE is to merge its direct and reinsurance personal accident teams to create a single London market unit with a combined GWP of £45m, operating out of Lloyd’s.
Halliwells confirms talks
Halliwells has confirmed it is in "advanced discussions" regarding transfering the business to another law firm.
Three in four weddings uninsured
Only one in four weddings taking place this summer will be insured, despite around £20 000 splashed-out on the average ceremony.
European risks not "significantly" increased claims Ceiops
Risks have shifted in the EU/EAA area, although the recent developments concerning sovereign risk in the Euro area means they have not significantly increased compared to 2009.
European risks not "significantly" increased claims Ceiops
Risks have shifted in the EU/EAA area, although the recent developments concerning sovereign risk in the Euro area means they have not significantly increased compared to 2009.
Inter Resolve appoints venture capital specialist to COO
Inter Resolve has appointed Andrew Nutter as chief operating officer, with responsibility for the performance of the company’s operating model.
Lloyds TSB provides Henderson with £4.5m boost
Henderson Insurance Brokers secured a £1m finance facility to aid its acquisition of Denny O’Hara, the Leeds-based insurance broker, its new banker has also revealed.
Standard & Poor’s downgrade Groupama to A-
Rating agency Standard & Poor's has downgraded French insurer Groupama from A to A- due to deteriorating earnings prospects with a stable outlook.
Board director Pain to step down at FSA
The Financial Services Authority has announced that Jon Pain, managing director of supervision and an FSA board member, has become the latest senior member to announce his intention to leave the organisation in 2011.
Ascot and Hannover form power pact
Inter Hannover and Ascot Underwriting have formed a dedicated technical underwriting vehicle for the power and utilities industry.