News
Groupama boss hails effort in stopping motor 'bleeding'
Groupama chief executive François-Xavier Boisseau has said the insurer has gone some way to stopping the "bleeding" of its private motor account, as it reported its results for the first half of 2010.
RSA CEO 'lonely' on rates
RSA's UK chief executive has admitted he is feeling "lonely" when it comes to commercial rate rises.
Merlin and L&G admit surprise at claims inertia
Merlin Claims and Legal & General have expressed surprise that others have been slow to copy the claims partnership model they signed 16 months ago, given early results have exceeded expectations.
Website Review: Admiral
In the latest of a new series for Post, web performance monitoring specialist Gomez runs the rule over Admiral's website to see how it performs in a number of key areas and stands up against some of its rivals.
First significant household fraud conviction
The imprisonment of two men for trying to defraud insurance companies for household claims worth more than £100 000 has been described as the industry's first significant conviction for household fraud.
Editor's comment - RBSI: happy at home
Following the announcements of staff cuts and the possible withdrawal of NIG from personal lines, Royal Bank of Scotland Insurance showed its hand this week, and it was — to say the least — a little soiled by bodily injury claim losses.
Now for Tow Compare
Go Compare has diversified its offering to include caravan insurance, with Towergate and NIG among its providers.
Broker Network breaks 700-member mark
Broker Network has broken through the 700-member mark after adding more than 50 intermediaries to its proposition in the first half of 2010.
Aviva looks to build on Santander tie-up
Aviva is set to build up its affinity partnerships, starting with the banking sector, by developing more cross-selling opportunities across its general insurance and life businesses.
Axa chief hails 'one-off' CL opportunity
Axa Insurance is preparing to unveil a restructure of its commercial division after revenues in the first six months fell by 18% year-on-year.
RBSI CEO cries injustice as it is hit with 30 PPOs
Royal Bank of Scotland Insurance's decision to strengthen its reserves by £320m in lieu of bodily injury claims has contributed to an operating loss of £253m in the first six months of the year.
Axa and Aviva tread carefully as large commercial rates stagnate
Aviva and Axa have admitted the lack of rate hardening in commercial lines has dampened their appetite for some larger risks, at least in the short term.
Sabre to join Provident on Tesco panel
Sabre is poised to join Provident Insurance on Tesco Bank's specialist motor panel, Post has learnt.
Axa boss joins Zurich UK operation
Zurich’s UK general insurance division has appointed Peter Clark as head of property and strategy exposure management, commercial lines.
Axa boss joins Zurich UK operation
Zurich’s UK general insurance division has appointed Peter Clark as head of property and strategy exposure management, commercial lines.
IFB joins forces with City Police as Cheatline calls reach all time high
The Insurance Fraud Bureau is to support City of London Police with 'Wise Up', a three week fraud awareness campaign which begins on 18 August.
Towergate boss joins Power Place
Former Towergate manager Darren Rowe has been appointed sales director of sister company Power Place.
Catastrophe bond issuance surges in Q2 – Guy Carpenter
Eight transactions completed, totaling $2.05bn of risk capital as investor appetite remains strong according to the reinsurance broker.
Aegis London appoints new specie team
Aegis London has announced the appointment of a new specie team led by Ian Seakens, senior underwriter, and supported by Ian Morton, underwriter.
Brokerbility member acquires South West broker
Marsh and Co, a member of the Brokerbility Group, has acquired Regency Commercial Insurance Brokers in Weston-super-Mare.
Fortis launches additional functionality for renewals
Fortis has launched additional functionality for renewals on its Acturis commercial electronic products.
FSA staff resignations rise 128%
There has been a 128% leap in the number of staff resigning from the Financial Services Authority in one year as the government proposes to abolish the regulator, according to Reynolds Porter Chamberlain.
QBE restructures exec to better reflect growth
As a result of its continued expansion, QBE has decided to restructure into three main operating divisions – Europe, the Americas and Australia Asia Pacific.
Dual in SME e-business launch
Dual Corporate Risks has launched an e-business strategy targeting small businesses.