News
LV turnaround is almost complete, says O'Roarke
LV general insurance managing director John O'Roarke has revealed the task of turning around the business he joined in 2006 is "90% completed", as the firm saw a £33m increase in profit for 2010.
Consolidator bids down from 49% to 31% in 2010
Regulation, compliance and organic growth are the most important issues facing brokers, according to a survey from Datamonitor.
Merfield returns with Nexus
HCML's founder and former clinical director Helen Merfield has returned to the market with start-up business, Nexus Rehabilitation.
Quake sends insurers back to square one
Insurers' efforts in settling claims from the September earthquake in Canterbury, New Zealand are "back to square one" after this week's 6.3 magnitude earthquake, according to the chief executive of Cunningham Lindsey New Zealand.
Boisseau urges insurers to heed big freeze wake-up call
Groupama Insurances' chief executive has claimed the December freeze ought to have been "a wake-up call" for the insurance industry and claimed that Association of British Insurers' £1.4bn loss estimate is an "underestimation".
Post history - 50 years ago: Boeing 707 crash reserve at £200 000
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
QBE admits it is lead insurer for crash victim Kubica
QBE has confirmed it is the lead insurer for Formula One racing driver Robert Kubica, who was involved in a near-fatal rally car crash this month.
North of the Border: The underwriter knows best
In a recent decision, the Court of Session has reiterated that clauses in insurance contracts require to be interpreted in a commercially sensible way and it is the commercial sense of the reasonable underwriter that counts.
Middle East policies may face court challenges
Commercial insurance policies that exclude political risk are likely to come under scrutiny by courts in the Middle East, following civil unrest in the region.
LV Broker names new director
LV Broker has appointed Michael White as director of broker strategy and performance.
RSA responds to Polish court ruling
RSA Group has responded to a court ruling in which its Polish direct insurance business was fined £21 300.
RSA responds to Polish court ruling
RSA Group has responded to a court ruling in which its Polish direct insurance business was fined £21 300.
RSA fined for slur on Polish brokers
RSA Group’s Polish direct business Link 4 is being forced to make a televised apology after its own TV campaign portrayed insurance brokers as “greedy and antisocial”.
RSA fined for slur on Polish brokers
RSA Group’s Polish direct business Link 4 is being forced to make a televised apology after its own TV campaign portrayed insurance brokers as “greedy and antisocial”.
Four arrested for insurance fraud
Four people were arrested today as part of an investigation into organised crime in the North east region.
Gallagher acquires Woodbrook
Arthur J. Gallagher International has acquired the business and certain assets of Woodbrook Underwriting Agencies.
No-claims household insurance discount considered by Axa – Insurance News Now – 24 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories including how Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related…
Axa CEO Evans shocked by the queue of suitors for broking arm Bluefin
Axa UK's new CEO Paul Evans has admitted there was a queue of companies lining up to buy the insurer's broking arm Bluefin when he took over in October 2010.
Omnibus II delays full benefits of Solvency II
The lengthy transition to the new Solvency II regulatory regime for European insurers, signalled by the European Commission's Omnibus II Directive, will delay the full benefits of Solvency II, according to Fitch Ratings.
Lockton adds to professions team
Lockton has confirmed the appointment of Janey Milligan as a consultant to its professions team in Scotland.
Omnibus II delays full benefits of Solvency II
The lengthy transition to the new Solvency II regulatory regime for European insurers, signalled by the European Commission's Omnibus II Directive, will delay the full benefits of Solvency II, according to Fitch Ratings.
Suncorp faces NZ$60m exposure to Christchurch quake
Australian firm Suncorp, one of the most prominent insurers in New Zealand, has claimed it is “well protected” against losses arising from the Christchurch earthquake.
"Glass ceiling" still exists for women
Research for the Institute of Leadership and Management has shown that 73% of women believe they still face barriers to top-level promotions in the UK.
IAG: NZ earthquake could cost $40m
Insurance Australia Group has confirmed that its New Zealand businesses, which include State and NZI, could be hit by a $40m claim from the Christchurch earthquake on 22 February.