News
Post pick of the week
Jonathan Swift, editor of Post Magazine outlines some of the major news in the general insurance sector reported in tomorrow’s issue of Post including: Flood defence spending delay sparks Association of British Insurer’s outcry; Lloyds TSB relaunches…
Flagstone teams up with South Africa’s Imperial Re
Bermudian class of 2005 start-up reinsurer Flagstone Re has announced that its have entered into a quota share and technical underwriting arrangement with Imperial Re of South Africa.
UK non-life run-off dips 14% in 06
The 2006 underwriting year saw the UK non-life insurance run-off market contract by 14% according to the findings of the KPMG/Associaiton off run-off companies (ARC) run-Off survey 2007.
Connecticut AG alleges price fixing on Guy Carp facilities
The Connecticut Attorney General Richard Blumenthal has launched a lawsuit against Guy Carpenter alleging the fixing of reinsurance prices, shutting out of competitors and the manipulation of markets.
Ordnance Survey appoints insurance manager
Ordnance Survey has appointed an insurance manager to help promote the benefits of geographic information to the industry.
Combined Insurance launches new care for Cancer Plan
Combined Insurance, the accident and health insurer, has launched a new Care for Cancer Plan to provide protection and financial support for individuals and their families in the event of a cancer diagnosis.
CDL enhances broker pricing module for aggregators
Software copany CDL has launched a module for intermediaries designed to improve their relationship with aggregators by giving them greater dynamic pricing control and competitive advantage in the channel.
Norwich Union urges businesses to prepare for a crisis
Norwich Union Risk Services has revealed that less than half of businesses in the UK have adequate business continuity plans in place.
Business crime up 11% says Axa
The latest Axa Business Crime Index found that the number of business crime claims settled between April and June 2007 is 11% higher than the same period in 2006.
Three year wait for extra UK flood defence funds
The UK insurance industry’s plea to raise flood defence spending levels immediately after this summer's heavy losses, appears to have fallen on deaf ears, after a report from the UK's finance minister revealed no change in policy.
PRO Insurance Solutions establishes US operation
Swiss Re group's reinsurance services provider, PRO Insurance Solutions has announced the formation of a new United States affiliate, PRO Insurance Solutions, Inc. (PRO US).
Brokers Link selects Bridge as UK representative
Bridge Insurance Brokers has been chosen as UK representative for Brokers Link.
Pre-budget report confirms three year wait for flood defence funds
The UK insurance industry’s plea to raise flood defence spending levels immediately appears to have fallen on deaf ears, after the Chancellor’s pre-budget report revealed no change in policy.
Munich Re bets on specialty for US growth
Global reinsurer Munich Re has announced a new long-term strategy for the US property-casualty market, involving the adoption of a new client-centric structure and a building what a ‘dominant’ presence in niche primary insurance segments, either…
Zurich announces new financial lines boss
Zurich has today announced the appointment of Stuart Quinlan to the newly created role, head of financial lines for its UKGI broker division.
Equity "on target" to hit a century after latest deal
Equity Insurance Group has purchased Norwich-based personal lines and commercial broker, Castle Insurance Services.
Cullum hails diversification with letting agent swoop
Cullum Capital Ventures has announced a diversification by acquiring a majority stake in Managing Agents Reference Assistance Services, a provider of tenant referencing services for letting agents.
Report reveals plight of the insurance underclass
A new report by the Association of British Insurers has revealed that 35% of households earning less than £10,000 a year have no insurance at all.
Are you brave enough?
The Prince's Trust's Insurance Leadership Group has launched its overseas challenge for 2008 and is inviting entries from insurance industry teams to go head to head with their peers and rivals. The challenge is to travel across the Namibian desert for…
Airmic and InFires release risk management codes for food sector
The Insurers’ Fire Research Strategy Scheme (‘InFiReS’), in association with the Association of Insurers and Risk Managers (‘AIRMIC’) and the Food Industry Panels Group (‘FIPG’) has issued a revised code of practice for the Food Industry.
Judge highlights contradictions
Justice Rivlin continued his summing up by highlighting to the jury areas of apparent contradiction in the defendants' testimony. Martin Friel reports .
Up to $200m insured losses from Taiwan typhoon
Insured losses in Taiwan from both wind and precipitation-induced flooding from Typhoon Krosa are unlikely to exceed $200m.
Bodily injury claims report reveals 9.5% inflation
The total cost of bodily injury claims paid by UK motor insurers has significantly outstripped inflation over the past decade rising at 9.5% a year between 1996 and 2006 – more than double the growth in average earnings. Results from the Fourth UK Bodily…
Rubicon name dropped as EMR Europe plans expansion
EMR Europe has completed its rebranding after the acquisition of Rubicon in May and has appointed two managers to help progress its expansion plans.