News
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.
L&G reports 92% GI COR and £17m operating profit at the half year
Legal and General has reported that its general insurance business has made an operating profit of £17m for the half year to 30 June 2011, up from £10m in 2010.
Gable CEO targets UK commercial combined market after "strong" first half
Gable Holdings has announced that it has had a "strong" first half as it prepares for its AGM in Liechtenstein today.
Giles CEO dampens IPO speculation after £5.1m CBG move
The CEO of Giles Insurance Brokers has dampened speculation his firm will seek an IPO any time soon by claiming that being a listed broker is a "regulatory burden".
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.
Amlin expects to fall short on profit expectations
Amlin bosses have admitted the company is unlikely to meet end of year profit expectations, claiming that an “unprecedented level of catastrophes” have severely impacted performance.
Comprehensive car insurance cover rises to £4000 for young men
Young male drivers are paying more than £4000 per year for comprehensive motor cover - but if they marry their partner and add them to the policy the premium shrinks by 25%.
Arista regional manager Paul Dooley resigns
Paul Dooley has confirmed his resignation from commercial underwriting agency Arista Insurance.
Former Confused chief set to head new aggregator
Former Confused and Tesco Compare chief Debra Williams has been named as the CEO of a new Covea backed price comparison site.
Bluefin appoints new sports division director
Bluefin Insurance Services has appointed a new sports division director.
Ombudsman to split PPI and GI following record complaints
The Financial Ombudsman Service will split PPI complaints from other general insurance disputes this September after receiving a record number of calls over the past three months.