News
MYI global offering shake-up
Loss adjusting group McLarens Young International has ceased working with its affiliate partner in Canada with immediate effect and will shake-up other regions soon.
Gay-only deal website looks to add insurance products to portfolio
A former loss adjuster, who left the industry when his firm went bust to set up Europe's first gay-only deal website, is considering teaming up with insurers to expand.
Thistle aims high despite 2011 losses
JLT chief executive Dominic Burke claims full year trading profits at its underwriting agency Thistle Insurance will eclipse last year's £4.8m, despite making a £246 000 loss so far in 2011.
Career development & CSR: Paralympian goes for gold with Chaucer sponsorship
One of the UK's top wheelchair rugby players is hoping support from Chaucer will give him the backing he needs to realise his Paralympic medal dream.
Judge rules on National Trust negligence case
A High Court judge has ruled that the National Trust was not to blame for the death of an 11-year-old schoolboy fatally crushed by a branch in woods in Norfolk.
Solvency II action remains vital despite delay proposal
Firms have been urged to continue working towards the 1 January 2013 implementation deadline for Solvency II, despite the European Parliament announcement that the regime should be delayed until 2014.
O'Roarke urges legal fee crackdown
LV's managing director of general insurance John O'Roarke has added his voice to the cries for a crackdown on legal fees.
Allianz voted 'most green' insurer
Allianz has been voted the most environmentally sound insurer in the latest Best Global Green Brands. The eco-friendly firm, which was ranked 21st in the overall brand listings, has risen 46 places from its 2010 position in the annual Interbrand survey.
Does bad management affect business performance?
Recent research from the Chartered Management Institute found that 55% of employees do not think their managers are competent or confident enough in their roles. According to the CMI, "perhaps more worryingly, 38% of employees report that their boss…
Editor's comment: The wheels of industry
The schools may be out for summer and European business fast grinding to a halt as workers decamp to the coast but it's good to see the wheels of British commerce continue to turn, albeit at a rather less than frenetic pace.
Allianz beats Aviva and Zurich in resort deal
Allianz Commercial has landed a £200 000 three-year deal with a luxury spa resort and golf club that hosted the Ryder Cup last year.
People moves – 4 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 4 August 2011 edition of Post.
Marsh sees H1 growth in broking reveune and profit
Marsh has reported a 5% rise in the underlying reveune in its risk and insurance business to $3.3bn for the six months to 30 June 2011 (H1 2010: $2.95bn).
Lloyd’s pursues own probe into Equity syndicate losses – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own…
RGL appoints new London-based director
RGL Forensics has appointed a new internal director at its London office.
XL boss hails Q2/H1 2011 performance as among the best of its peers
XL has announced a fall in net income for the first six months of 2011 to $80.1m (H1 2010: $392.3m) on gross written premiums of $3.8bn (H1 2010: $3.43bn).
Lloyd's building is best of the 1980s
It has been described as an oil rig, Willy Wonka’s chocolate factory, a life support machine and, by some, an eye sore but the Lloyd’s building is London’s favourite 1980s building.
ECIC secures affinity deal with JC Roxburgh for Scottish Decorators' Federation
Electrical contractors’ Insurance Company has secured an affinity partnership with broker JC Roxburgh & Co for the Scottish Decorators’ Federation.
Simplyhealth agrees deal with Groupama Insurances for UK healthcare business
Simplyhealth has agreed a deal to purchase the Groupama Insurances UK healthcare business.
Chameleon: not every claim is whiplash
Claims management solutions provider, Chameleon, is set to roll out its third party assistance broker and insurance service on fault and non-fault claims. It follows the first results from an ongoing pilot which it says has proven significant cost…
Kiln appoints accident & health underwriter in Frankfurt
Kiln has apopointed Christian Kosbab as accident and health underwriter in Frankfurt.
Leisure industry irresistible target for cyber pirates
The vast quantities of personal and identifiable information collected by the leisure and hospitality industry has made it a chief target of cyber attacks, according to global insurance broker Willis Group Holdings.
Moneysupermarket reports 25% jump in insurance revenue
Moneysupermarket has reported its revenues in the insurance arm increased by 24% from £40.6m to £50.3m in the first half of 2011 comapred to 2010. Click based revenue increased by 24% from £37.5m to £46.4m.
Towergate MD claims network members will make more money with BN, than Willis
Broker Network has stepped in to offer Our Network members the opportunity to make more money, despite the Broker Direct arm agreeing a tie up with Willis earlier this week.