News
Claims Club: Advisory Board 2010
Chair: Ant Gould, group editor-in-chief, Incisive Media
Claims Club: Bell - data must be harnessed
Third generation analytics tools and data visualisation in particular could help insurers better understand their exposure to claims leakage. That was the key message of Steve Bell, advisory partner in Ernst & Young's financial services business, whose…
Claims Club: Kinley - calculate the cost of Jackson to you
Alistair Kinley urged liability insurers to "run the numbers" on Lord Jackson's suite of proposals, designed to cut civil litigation costs, "to see if they work for you".
Insurecom is 'go-to' firm
The chief executive of insurance software specialist Insurecom has boasted that his firm is now the 'go-to' technology company for insurers looking to distribute new products to brokers.
Barbon signs £1m SSP deal
SSP has signed a £1m deal with Barbon for it to become the software provider for the broker's new personal lines venture Avenue Insurance Services.
Former Junction boss takes new Capita role
The former head of business development at broker Junction has joined Capita to focus on winning new business across the group's insurance business.
Lloyd's insurer signals motor intent with deal
Lloyd's insurer Ascot is targeting the UK commercial motor market for the first time after striking a deal with Chelmsford-based broker and underwriting agency Direct Commercial.
Beazley GWP rises by 27%
Dublin-domiciled Beazley has reported pre-tax profit up 15% to £100.7m (2008: £87.2m) and an underlying profit before income tax up 259% to £147.3m (2008: £41.0m).
Markel returns to profit in 2009
Markel Corporation has attributed the swing of almost $1bn (£640m) from loss to profit during 2009 to "significantly higher" investment returns than its competitors.
Zurich sees COR rise past break-even point
Zurich aims to reduce the combined operating ratio in its UK general insurance business in 2010 after it deteriorated beyond the break-even point due to rising expenses.
Aon outlines UK slump
Aon's total revenue for 2009 increased 1% to $7.6bn (£4.9bn), largely due to a 7% increase from acquisitions, primarily Benfield, net of dispositions, primarily offset by a 4% unfavourable impact from currency translation and a $97m or 57% decline in…
Shakespeare boss in court
A former director of Shakespeare Underwriting has appeared in court in relation to charges of alleged fraud and making false statements, stemming back four years.
NIG director Banga defects to join Brit
NIG has lost another member of its management team, with the departure of head of business development for commercial and broker, Vivek Banga.
Bluefin role for Burnham
Keith Burnham has left Aon for Bluefin to take up the new role of head of real estate, Post understands.