News
Total 100% liable
Insurers have moved closer to recovering an estimated £750m in claims from Total, stretching back to the Buncefield oil depot explosion.
ABI slams proposal for compulsory dog cover
The Association of British Insurers has slammed government proposals to introduce compulsory third-party dog insurance in the UK.
New Hastings branch
Hastings has opened its first branch in Bexhill-on Sea.
Merlin refinancing
Claims management company Merlin has announced the completion of its refinancing deal after it was approved by investors and financial stakeholders.
Top five Post stories
The top five most popular stories on postonline.co.uk over the last week were:
UK General confirms 20 jobs are at risk
UK General has confirmed that 20 jobs are potentially at risk as a result of the restructure of its branch network.
Secret Millionaire broker will continue support
Former Protectagroup chief executive Paul Ragan has vowed to continue his support for the people he helped while starring in the Channel 4 show Secret Millionaire that first aired on Monday.
Credit card compliance low
Only 11% of UK companies, including insurers, are certified as payment card industry compliant, according to new research by Tripwire.
Bell axed in restructuring
The Third Parties (Rights Against Insurers) Bill was referred to a second reading on 9 March in the House of Commons.
Third Parties Bill reading
The Third Parties (Rights Against Insurers) Bill was referred to a second reading on 9 March in the House of Commons.
Two new quote-and-buy
Towergate has launched two new online quote-and-buy facilities for brokers.
Allianz SME tie-up
Allianz has created a tie-up between its commercial and legal protection divisions to offer free advice to its small business policyholders.
Foil claims focus
The Forum of Insurance Lawyers is to turn its focus to the impact of claims on the public and private sector, against the backdrop of Lord David Young's review into health and safety legislation for the Conservative Party.
Allianz boss: Tesco-sized affinity deal possible
The general manager of Allianz Retail has hailed its latest affinity win with Volkswagen Insurance Service as a "milestone" for its fledgling corporate partners business, and a sign that it could do a deal of the size of Tesco Bank.
Aviva and Fortis-backed start-up targets 450 brokers in 2010
Aviva, Fortis and LV have thrown their weight behind a new broking support service aimed at rivalling long-standing offerings Countrywide from Open GI, and Keychoice from SSP.
Ambant appoints former FSA associate to head up new unit
Ambant has created a new business practice to help brokers and underwriters respond to scrutiny from the Financial Services Authority.
Law firm backs referral fees
Law firm Minster Law has spoken out in support of referral fees.
Post in print - 11 March issue
Post reporter Leigh Jackson outlines the major news stories from this week's issue of Post.
The Aldermanbury Declaration - live webinar today at 3:30. Sign up now
Post, as part of its Investing in the Profession Campaign, is hosting this week a special, live, and interactive, online debate on the insurance industry's latest initiative to boost professionalism - The Aldermanbury Declaration.
Fortis UK profit down £47m
Fortis reports non-life profit before tax and interest of £29m, down from £76m in 2008, with CEO Barry Smith attributing reduced profit to “challenging market conditions.”
Editor's comment: Is Aviva now fitter?
For months there has been speculation about how much business Aviva had shed in its efforts to bolster its profitability. The answer — as highlighted in its 2009 full year accounts out this week — was quite a lot, as it reported net written premiums in…
Brit appoints Sydney MD
Brit Insurance has appointed Mike Davidson as managing director for Sydney following the establishment of its own Australian office replacing its previous third party arrangement.
Munich Re boss confident of €2bn profit in 2010 despite early losses
Gross premiums written rose by 9.5% to €41.4bn (€37.8bn). But if exchange rates had remained the same, premium volume would have increased by 9.9% compared with the previous year.
Munich Re boss confident of €2bn profit in 2010 despite early losses
Gross premiums written rose by 9.5% to €41.4bn (€37.8bn). But if exchange rates had remained the same, premium volume would have increased by 9.9% compared with the previous year.