News
Reputational recall risk
Airmic Conference News
CCV buys stake in broker
Cullum Capital Ventures has announced a minority investment stake in the general insurance business ...
New president for IronPro
Ironshore announced today that Mike Mitrovic has joined its professional liability facility IronPro ...
PI rates kept low by new entrants
Hiscox will continue to shun the solicitors' professional indemnity market at renewal this October a...
News as it happens
Stay one step ahead of your competition with Post's free breaking news service from our team of awar...
Post Office "quote and buy" to go nation wide
The Post Office is to roll out a "quote and buy" motor insurance service to 370 branches over the ne...
Firm launches PI service after RSA staff swoop
Parabis' acquisition of 40 staff from Royal and Sun Alliance's claims and legal team will be used to...
Culver shares rocket after chairman allays market fears
Welsh broker Culver's shares rocketed more than 60% from the beginning of trading on Monday to £7.50...
Airmic calls for BC changes
Insurers and brokers have a key role to play in incentivising and assisting companies with their bus...
Broker looks to tackle fraud with card
Insure and Go is launching a pre-paid travel card to speed up claims settlement and reduce fraud ris...
What the papers said this week
Daily Mail Paige Nuttall was overjoyed at the offer from a charity of a two-week holiday with h...
Soft market action needed
Airmic Conference News
Independent trial - A sketch from southwark crown court
The trial of Michael Bright, Philip Condon and Dennis Lomas, directors of the failed Independent Ins...
Novae recruits former Wellington team to enter property
Novae has entered the UK property market with the appointment of a former Wellington underwriting team.
Risk managers warned over environmental liability
Risk managers of all organisations must now view environmental risks as part of their core risk management, according to Aon Global directors Bob Martin and Marcel Steward.
Floodgates still shut tight despite hit and run claim victory
A high court decision allowing a hit and run victim to claim compensation 14 years after the incident will affect only half a dozen claims, Post Understands.
Prosecution: Reinsurance contracts were renegotiated after Bright's £105m pledge fell short
The prosecution has accused Michael Bright of writing a letter dated 5 March 2001, the same day as Independent's board meeting, to Mr Copping, a senior director at ERC which agreed to have in place a pledge of £141,400,000 within 48 hours, or the…
Crown begins witness testimony
The prosecution today called its first witness to the stand. Stuart Pettet, who joined Independent in 1987 as assistant UK property manager, worked his way up to the role of assistant general manager and left Independent in December 2000. More to follow.
Reinsurers and brokers must be included in willingness to pay index
The Association of Risk and Insurance Managers has admitted that it has no timetable for the introduction of its 'willingness to pay index' but that it would like to include brokers and reinsurers when it comes to the market.
New insurance accounting standard subjectivity claim
The proposed changes to the way insurance contracts are reported will significantly impact the way liabilities are valued, leading to greater subjectivity in company accounts according to Deloitte.
Post pick of the week
Anthony Gould provides a run down of the major news in tomorrow's issue of Post including: Royal and Sun Alliance pilots new underwriting initiative for rbrokers; Airmic seeks Enterprise Risk Management clarity; Culver shares hike mystery; and Groupama…
BP Marsh sitting on £4.2m in cash and loans for potential investment
Speicalist insurance Private Equity House BP Marsh has announced its consolidated statements for the year ended 31st January 2007, the first year since the Group’s ordinary shares were admitted to trading on AIM on 2nd February 2006.
Report says 80% of insurers could fall short of contract certainty targets
A survey of the largest insurance companies in the UK has claimed that only 20% have moved to primarily electronic document storage. The report's author, Skywire Software said this has left the vast majority in a precarious state of readiness for the new…
Lloyd's to replace existing £335m syndicate loans issue
Lloyd’s is to return to the debt markets with a benchmark issue of Tier 1 perpetual subordinated debt.