News
Pick of the week
Post reporter Amy Ellis outlines some of the major stories from this week's issue of Post Magazine.
MIAB launches new locum product
The Medical Insurance Bureau has launched the Permanent Locum Plan to be underwritten by protection specialist insurer Pioneer.
Cap Z to buy out 3I in Jelf fundraising plan
Cap Z will now hold a minimum of 25.01 per cent of the company's enlarged ordinary share capital.
Spanish insurance industry suffers under weight of recession
Spanish insurers will continue to see their profitability squeezed as a result of the tough economic environment, according to Moody’s.
Spanish insurance industry suffers under weight of recession
Spanish insurers will continue to see their profitability squeezed as a result of the tough economic environment, according to Moody’s.
CNP's profits exceed €1bn
Premium income outside France surges 93.4% to €6.3 bn (up 65.8% under French GAAP) led by CNP Vita in Italy, Caixa Seguros in Brazil and CNP Vida in Spain.
IGI awarded third consecutive IIP accolade
IGI Legal Assist has successfully met the accreditation for the Investors in People mark for the third consecutive time.
Aon announces regional restructure
Aon Corporate has appointed eight new area directors as a part of a restructure of its UK operation, designed to bring decision-making and resources closer to its clients.
HCC net earnings up $13.2m for Q4 2009
HCC Insurance holdings has announced its earnings for the fourth quarter and full year 2009, which ended December 31.
Lloyd’s named UK’s strongest insurance brand
Specialist insurance market Lloyd’s has been named as the UK’s top insurance brand.
Lloyd’s named UK’s strongest insurance brand
Specialist insurance market Lloyd’s has been named as the UK’s top insurance brand.
Jelf looks to raise a further £17m after reporting a £9.7m loss in 2009
It is expected that any placing would be conducted at or around the price of 36 pence per ordinary share and would be subject to shareholder approval at a general meeting.
Barrie & Hibbert seal Dexia Insurance ESG deal
Belgian company Dexia Insurance has appointed Barrie & Hibbert to provide an Economic Scenario Generator to assist in its Solvency II compliance and MCEV calculations.
Barrie & Hibbert seal Dexia Insurance ESG deal
Belgian company Dexia Insurance has appointed Barrie & Hibbert to provide an Economic Scenario Generator to assist in its Solvency II compliance and MCEV calculations.
Moneysupermarket sees insurance transactions fall 14% in 2008
However, insurance made up 55% of the revenue (£75.7m), compared to 44% in 2008 despite a slight drop from £77.7m that year.
Senior executive leaves Allied World
One of Allied World's senior international property underwriters has left the Bermudian (re)insurer, Reinsurance has learned.
Markerstudy completes Zenith deal
Markerstudy Holdings has completed the purchase of Zenith Insurance incorporating Link Underwriting Agency and GHL Insurance Services, after receiving approval from the Financial Services Authority.
IIABNY to take legal action
The Independent Insurance Agents & Brokers of New York announced that it will proceed with legal action to stop contingent charges legislation from taking effect.
HSBC insurance boss to step down
Clive Bannister will be replaced by Asia boss David Fried, according to Reuters.
HSBC insurance boss to step down
Clive Bannister will be replaced by Asia boss David Fried, according to Reuters.
FM Global to Commemorate 175th anniversary
Business property insurer FM Global is to host a year-long commemoration of its 175th anniversary in 2010.
ALA Insurance Brokers launches GAP motor insurance product
ALA Insurance Brokers has unveiled a new GAP motor insurance product, which the intermediary claims is the first to use independent vehicle valuation data.
Lloyd's broker expands overseas footprint with acquisition
Windsor has completed a deal for the minority interest in BGH Risk Solutions, a liability broker that operates in Canada, New Zealand and Australia.
Aviva and MIB wade into debate on "fronting" fraud
New research from the Motor Insurers' Bureau and Aviva reveals that more than two-thirds of UK drivers do not understand what it means to ‘front' an insurance policy.