News
Moon appointed CEO
Ecclesiastical has appointed Andrew Moon as the new chief executive officer of its Australian business, Ansvar Insurance.
MCE signs Open GI deal
Motorcycle broker MCE has signed a new deal with Open GI, in a move that will cover the entire IT infrastructure for its call centre and trading website.
AI Claims to beat forecast
Credit hire operator AI Claims Solutions said it expects turnover, profit before tax and earning per share for the financial year ending 30 June 2010, to beat market forecasts.
Marsh: "grotesque" solicitors impacting whole PI market
Marsh has called for solicitors firms that fail to buy professional indemnity cover to be shut down — and labelled their continued trading as "grotesque".
Liability fraud on the rise claims Keoghs
Fraudulent liability claims are rising sharply according to Keoghs, which has found a 150% increase in the volume of suspicious liability claims it has investigated over the past 12 months.
Beazley gives warningover energy rate spike
Worldwide energy insurance rates will continue to harden in 2010 due to the Deepwater Horizon oil disaster, with a further spike possible at the reinsurance renewal season, Beazley has claimed.
Allianz agrees brewery H&S Willis deal
Allianz has agreed a deal to distribute a tailored version of its health and safety inspection service to Willis' brewing industry clients.
Utley looking forward to "entrepreneurial" life after IAG
Outgoing IAG UK chief executive Neil Utley has poured scorn on any prospect of him returning to buy the Equity Red Star business for a second time.
Editor's comment: Operation Tinky Winky
Last week, the issue of fraud was again writ large in the insurance trade press with the latest figures from the Association of British Insurers revealing 122 000 fraudulent insurance claims were uncovered in 2009, up 14% on 2008. The value of these…
Brokers at war over contingent commissions
Aon has become embroiled in a war of words with rival Willis after it signalled its intent to once again accept contingent commissions in the US.
Moat vows to return aggregator to profit after £1 buy
Fairpoint Group chief executive Chris Moat has vowed to return Money Extra to profit by the end of the year, after acquiring the troubled aggregator for just £1.
Government accused of 'self interest' over Jackson
Legal expenses insurers have accused the government of serving its own interests following its decision to discuss the implementation of the Jackson Review this autumn.
Lewis leaves Jubilee
Jubilee's group finance director, Kate Lewis, has resigned from the Lloyd's syndicate.
QBE adopts dollar
QBE has decided to adopt a US dollar presentation currency for 2010 onwards
Bridle buys SIS
Bridle Insurance has completed the acquisition of Southampton Insurance Services for a six figure sum.
Top five Post stories
The five most popular stories at postonline.co.uk over the past seven days were:
Insurers concerned over double regulatory burden
The lack of detail concerning the regulation of the Lloyd's market could mean insurers there have more influence than others over the eventual shape of their replacement regime for the Financial Services Authority.
Ageas agreement
Ageas has reached an agreement with BNP Paribas Assurance on the sale of its pension and life activities in Turkey.
MD role for Mycock
Autoglass has appointed Matthew Mycock as its new managing director.
CEA submits statement
The CEA has submitted a written statement to the US House of Representatives Subcommittee to express its concerns over proposals to change the US tax treatment of reinsurance between affiliated entities.
Evans linked with Axa UK
The former chief executive of Axa Life Paul Evans has been linked with the same role at Axa UK, replacing current incumbent Nicolas Moreau, who took over from Dennis Holt in June 2006.
NIG looks to exit personal lines after sale ruled out
Royal Bank of Scotland Insurance has unveiled a plan to close its loss-making NIG personal lines business after ruling out a trade sale as "unviable" in the current market.
Aviva: millions saved by 'ghost broker' clampdown
A clampdown on the fraudulent activities of so-called 'ghost brokers' has saved Aviva "several million pounds" in dubious motor claims, Post can reveal this week.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…