News
FSA approval time lengthens again
The average length of time it takes the Financial Services Authority to authorise financial services businesses has started rising again, according to data seen by City law firm Reynolds Porter Chamberlain.
Hastings Direct to take on 200 in 2012
Hastings Direct has announced 200 new jobs from entry level to senior management, driven by growth from its car, home, van and bike insurance products.
How it works: Business Insurers Insight Report Methodology
Between late August and early November 2011, 360 broker readers of Post Magazine or Insurance Age, representing a full cross-section of the market, completed an online questionnaire addressing the service they'd been getting from their commercial…
24 December: The final stretch
The hard work has been done.
Beazley interest in Hardy underlines 2012 consolidation, claims Fitch
Fitch Ratings has reiterated its expectation that 2012 will signal an increased consolidation in the non-life insurance sector, following the news of Beazley's renewed interest in buying Hardy Underwriting Bermuda.
NZ quakes hit Christchurch
A string of serious earthquakes have hit the New Zealand city of Christchurch just ten months after the last quake.
Transport Committee's motor insurance report delayed
The Transport Committee has delayed plans to publish its 12th report of the Cost of Motor Insurance by five days to 12 January.
Amlin purchases $150m worth of international cat cover
Amlin has revealed that it has acquired coverage for US hurricane, US earthquake and European windstorm perils of up to $150m (£95.7m) from Bermudian special purpose insurer, Tramline Re.
Haverford pulls out of Omega buying talks
Haverford has withdrawn its bid for a share of Omega Insurance Holdings less than a month after making a new share offering.
23 December: Pie, mash and plaster
Mrs Policyholder was in a routine. After listening to City Talk on the radio in her North Wales abode, she would set about preparing tea for her husband and herself.
M5 crash verdict still months away
Police investigators believe it could take another three months to identify the root cause of the M5 crash which claimed seven lives last month.
Zurich launches competition to redesign its headquarters
Zurich Financial Services Group has launched a competition for architects to redevelop its global headquarters in Zurich.
Allianz's 'AA-' IFS rating affirmed
Allianz SE has had its insurer financial strength rating and long-term issuer default rating affirmed at 'AA-' by Fitch
European Commission offers equality guidance to insurers
The European Commission has today adopted guidelines to help the insurance industry implement unisex pricing, after the Court of Justice of the European Union ruled that different premiums for men and women constitute sex discrimination.
Rate decreases still achievable despite record nat cats, Marsh says
Global insurance rates continued to climb in most loss-affected geographies and classes of business in the fourth quarter of 2011, but rate decreases are still achievable in many lines of business, according to a report by Marsh.
Record cat losses spark two speed market, claims Marsh
Rate decreases remain possible in many lines of business despite the fact that the fourth quarter of 2011 witnessed rising global insurance rates in most loss-affected territories and classes of business.
JLT appointed to manage new mortgage indemnity scheme
Jardine Lloyd Thompson has been appointed by the Home Builders Federation to manage and develop the newly introduced mortgage indemnity scheme, which will see mortgages on new build homes underwritten by house builders and the government.
Survey finds concerns with supply chain insurance
Commercial insurance buyers generally want better insurance products to cover their supply chain risks, a survey by the Federation of European Risk Management Associations has found.
End of Year Quiz 2011: Faces from the past
It is that time of the year when the Post team give their desks a sort out and tidy.
Post Blog: Restoration consternation
There was a time when damage restoration was held in high regard. Those repairing buildings after fire or flooding delivered excellent customer service and savings for insurers.
Ferma members voice concerns over supply chain management
Commercial insurance buyers generally want better insurance products to cover their supply chain risks, a simple survey by Ferma has confirmed.
Labauan Re warned over rated action due to Thai flood losses
AM Best has placed under review with negative implications and affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Labuan Reinsurance.
Fitch positive on Tokio Marine's Delphi swoop for enhancing overseas earnings
Fitch Ratings has said that there will be limited immediate impact on Tokio Marine & Nichido Fire Insurance, a core company in Tokio Marine Group, from Tokio Marine Holdings's proposed acquisition of Delphi Financial Group.
22 December: O Christmas tree
Artificial or real? It’s a decision that needs to be taken over the Christmas tree, and most people have a preference.