News
P&C insurers' FY results fall short of those last year
A strong fourth quarter capped another solid year for the U.S. property/casualty industry, but year-end 2007 results fell short of the record profits recorded in 2006, according to US ratings agency AM Best.
Clampdown on uninsured driving paying off
Motor insurance industry efforts in clamping down on uninsured driving are starting to pay off, according to recent figures.
Rehab initiative from Kynixa
Rehabilitation services provider Kynixa has established specialist clinical teams to case manage specific types of injury.
European Health Insurance Card fuels travel underinsurance
British travellers are highly confused about the new European Health Insurance Card and as a consequence millions of people are putting themselves and others at risk by not properly insuring themselves when they are abroad, in the mistaken belief that…
Poor condition of pool cars putting lives at risk, say RAC
Nearly a fifth of pool car fleets may not be roadworthy putting employees lives at risk and leaving businesses exposed to extra costs and legal action, according to RAC.
Brazilian reinsurance market opening expected to be delayed - sources
Brazilian authorities are expected to announce the delay of the opening of its reinsurance market, sources have told Reinsurance .
Insurers condemned for not covering T5 victims
The decision by some insurance companies to refuse to cover passengers for cancellations or lost luggage at Heathrow’s Terminal 5 has been labelled as “scandalous” by Insure and Go.
Amlin appoints lead cargo underwriter
Amlin has appointed Tom Brand as it lead cargo underwriter to head the cargo team for its Syndicate 2001.
Groupama goes online with point of sale documents
Groupama’s supporting brokers can now get their commercial insurance documents online including certificates of motor insurance following the launch of online point of sale documentation via the company’s broker extranet, Optima Online.
Axa plans for Cliff exit
Axa has revealed its plans following the confirmation that Mark Cliff, formerly markets managing director at Axa, has resigned and will be joining Fortis later this year.
Chubb to open reinsurance operation in Brazil
Federal Insurance Company, a subsidiary of US insurance giant Chubb, has applied for a license to operate as an admitted reinsurer in Brazil.
Fortis appoints Axa's Cliff as MD
Fortis UK has announced Mark Cliff has been appointed in the new role as managing director of Fortis Insurance, directly reporting to Barry Smith, chief executive officer for Fortis UK.
Gloomy outlook for June, July renewals - Aon
Pricing is projected to be favorable for traditional property catastrophe reinsurance programs when insurers seek mid-year renewals, according to an analysis conducted by Aon Re Global.
Groupama Insurances goes online with point of sale
Groupama has launched an online point of sale documentation via the company’s broker extranet, Optima Online, which will include certificates of commercial motor insurance. In addition, brokers will be able to produce all the literature relating to a new…
Bupa makes board level appointments
Bupa has appointed Tom Singer as finance director and a main board member and Professor Ed Byrne as a non-executive director, both with effect from next month.
Cliff leaves Axa
Axa Insurance has confirmed to Post that Mark Cliff, markets managing director, has left the insurer with immediate effect. The company said a fuller statement would follow shortly.
Gen Re chairman and CEO Brandon resigns
Berkshire Hathaway has said that Joseph Brandon, chairman and chief executive of its wholly-owned subsidiary, has decided to resign effective today.
Axa introduces roving underwriter service
Axa has introduced a roving underwriter service offering intermediaries individual visits.
Ensleigh roll out SME products to market
Endsleigh has launched its new insurance packages for small and medium sized enterprises (SMEs). The new services will incorporate a wide range of risks including buildings, contents, stock and public liability. These risks will then be quoted across a…
Takaful insurance worth $4.3bn in 2010 - report
A new report forecasts that accepted takaful contributions globally will rise to more than $4.3bn in 2010 and that the 20% annual growth rate of the industry will be maintained for the foreseeable future.
Aon wins sweet contract
Aon Risk Services has won the contract for Tangerine Confectionery's insurance and risk management programme.
Erinaceous confirms insurance business sale as it enters administration
The board of Erinaceous has appointed administrators to the company with immediate effect. This morning its shares were suspended.
Oval confirms acquisition
Oval has confirmed it has expanded into Northern Ireland with the acquisition of broker Bartholomew and James, as revealed by Post (see this week’s issue ).
Motor premiums rise for mobile phone offenders
Motorists with convictions for using a mobile phone while driving face premium increases of 30% if they buy their insurance from Allianz.