News
Markel returns to profit in 2009
Markel Corporation has attributed the swing of almost $1bn (£640m) from loss to profit during 2009 to "significantly higher" investment returns than its competitors.
Zurich sees COR rise past break-even point
Zurich aims to reduce the combined operating ratio in its UK general insurance business in 2010 after it deteriorated beyond the break-even point due to rising expenses.
Aon outlines UK slump
Aon's total revenue for 2009 increased 1% to $7.6bn (£4.9bn), largely due to a 7% increase from acquisitions, primarily Benfield, net of dispositions, primarily offset by a 4% unfavourable impact from currency translation and a $97m or 57% decline in…
Shakespeare boss in court
A former director of Shakespeare Underwriting has appeared in court in relation to charges of alleged fraud and making false statements, stemming back four years.
NIG director Banga defects to join Brit
NIG has lost another member of its management team, with the departure of head of business development for commercial and broker, Vivek Banga.
Bluefin role for Burnham
Keith Burnham has left Aon for Bluefin to take up the new role of head of real estate, Post understands.
Questgates snaps up two Teceris units
Specialist loss adjuster Questgates has acquired two of the remaining business units of Teceris.
CHO management buys it back from PwC
The Car Crash Line Group has been brought out of administration by its management team and outside investors, Post has learnt.
Merlin a "going concern" after RBS waives £654 000
Loss adjusting group and claims management firm Merlin Claims Services has reported a £61.9m net loss for the 12 months ended 30 April 2009 (2008: £6.6m loss), after writing off £50.4m for the financial year.
RSA shakes board up to focus on risk and claims
RSA has made further changes to its management board, in a bid strengthen its focus on technical risk and claims.
Litcomp agrees sale
Litcomp agreed the sale of the company to Torridon on Monday, following news that Torridon's £5.48m offer for Litcomp was unconditional last month.
Plaques parity touted
Parity in pleural plaques legislation between England and Wales and Scotland could be a reality "before the election", a Labour MP has claimed.
Case provides welcome relief for schools
Educational establishments have avoided potentially "huge and costly" ramifications after the case of Henry Webster (& others) v The Ridgeway School was successfully defended, according to the law firm and insurer involved.
Money Supermarket relaunches motor site
Price comparison website Money Supermarket is due to unveil its new motor insurance comparison site today. It marks the first major overhaul of its offering since it entered the sector in 2003.
CHO acts to defuse backlash over malpractice promoting e-mail
Drive Assist has moved to reassure insurers after an internal e-mail encouraging malpractice within the credit hire operator was sent anonymously to the Association of British Insurers.
IAG linked with Provident as GMAC quits UK motor
GMAC has confirmed it is to sell motor insurer Provident after a comprehensive review of its insurance operations, Post has learnt.
New York regulators impose agent pay disclosure
The New York State Insurance Department has imposed a law that will force agents to disclose how much they are paid to clients.