News
Torus seals deal to "accelerate" European expansion
Torus has today completed the acquisition of Glacier Insurance AG from the Glacier Group.
Ernst & Young names Baldwin new insurance boss
Andy Baldwin has been named managing partner of Ernst & Young’s Europe, Middle East, India and Africa Financial Services business.
Torus predicts tablet surge after Ipad first
Torus has predicted the tablet computer will revolutionise the insurance industry, after the firm claimed to be the first insurer to conduct board meetings using Apple's Ipad.
Markel welcomes rating boost
A.M. Best has upgraded the issuer credit rating of Markel International Insurance Company Limited, Markel International’s London-based insurance company.
Post in print - 1 July 2010
Post reporter Amy Ellis provides a 60-second round-up of the major news headlines from tomorrow's issue of Post.
Lloyds Banking Group announces insurance job cuts
The part nationalised bank is set to cut 650 jobs, with the majority of redunancies set be made at its insurance office in Nottingham.
Ex-AIG's Cassano defends no-losses proclamation
The former head of the AIG unit that led to a $182bn bailout pledge from taxpayers stood by a 2007 proclamation that the insurer would not lose even a dollar on a portfolio of securities that included subprime mortgages.
Aviva offers repair guarantee
Aviva Direct's motor policies will come with a lifetime guarantee on the repair quality carried out by an Aviva approved repairer from today.
40% chance of storm passing Gulf spill by end of August: RMS
RMS suggested there is just over a 15% chance that a tropical storm or hurricane will pass within 100 miles of the Macondo oil well before the end of July, rising to more than 40% by the end of August, requiring precautionary evacuation of the…
Alex becomes a hurricane
Alex has intensified to become the first hurricane of the 2010 season, making it the first June hurricane in the Atlantic since 1995. Hurricane forecast to hit Texis/Mexico border on Thursday.
Aon Benfield recommends internal models to boost reinsurance value under Solvency II
Aon Benfield has launched a new report that examines the many different facets of the Solvency II framework ahead of the scheduled 2012 inception of the protocol.
Willis Re promotes Byng
Willis Re has named James Byng Property Resource group leader for its International and Specialty reinsurance business.
Allianz reduces credit hire claim by £30k in court win
The general insurer has reduced a £33,345.00 loss to credit hire firm Accident Exchange to £3,000 in the Court of Appeal.
Aon Benfield recommends internal models to boost reinsurance value under Solvency II
Aon Benfield has launched a new report that examines the many different facets of the Solvency II framework ahead of the scheduled 2012 inception of the protocol.
Career development & CRS news: Ecclesiastical boss appointed Prince's ambassador
The Prince of Wales has made Steve Wood, managing director for the UK and Ireland at Ecclesiastical, his 2010 Prince's ambassador in the South-west.
Career development & CSR news: Employee engagement & flexible working
With two of the summer's major sporting events already in full swing, insurers are worried how they can maintain workplace productivity levels and minimise the potential for staff distraction. Recent research by the Chartered Management Institute reveals…
Career development & CSR news: Barrie & Hibbert supports risk academy at Heriot-Watt
Risk modelling specialist Barrie & Hibbert has announced its support of the Scottish Financial Risk Academy, which it claims is the first of its kind in the UK. It was established by Heriot-Watt University following the award of a £335 000 grant by the…
Halliwells wants takeover
Halliwells has filed for court permission to appoint an administrator as it looks to secure a takeover by Hill Dickinson.
Flood service formed
Three insurance repair and renovation companies, with combined annual sales in excess of £100m, have formed a new national flood mitigation and drying service with an integrated building contracting operation.
North of the Border: Damages (Scotland) Bill
In February it was announced that the Damages (Scotland) Bill would be introduced to the Scottish parliament. Its intention is to repeal and replace the Damages (Scotland) Act 1976, restating the law in a clearer form and, in particular, introducing a…
ADR predicted to rise if Clarke shuts courts
Allianz has claimed government plans to cut the number of lower courts in England and Wales by almost a third could promote the use of alternative dispute resolution.
GAB Robins boss looks overseas following MBO
The chief executive of GAB Robins UK has admitted it would like to formalise its international relationships — and could even launch its own overseas start-ups — as it seeks to grow its global markets business.
KFI reaps benefit of non-motor book growth
For sale-intermediary Kwik Fit Insurance's move away from its motor heartland helped it increase pre-tax profits by 24% to £10.93m in 2009.