News
Italy allows variable motor insurance premium tax
Individual Italian provinces now have the ability to vary the insurance premium tax rate of 12.5% on motor vehicle policies, following the country's enforcement of fiscal federalism.
Post Blog: The future of PPI
There hasn't been a hotter topic than payment protection insurance in the industry this year.
Japan typhoon causing "minimal" damage
AIR Worldwide has estimated insured losses from Typhoon Roke are between $150m and $600m.
No panic over end of referral fees
Andrew Morton, head of affinity solutions at Manchester law firm Pannone, said the announcement by the Ministry of Justice banning referral fees in personal injury cases does not mean a complete loss of revenue from legal work for insurers.
Tawa reports $110m profit
Tawa has announced interim results for the six months ended 30 June 2011 showing profit for the half year of $11.0m (2010: $1.4 million).
Liberty makes Brazil appointment
Liberty Syndicates has named reinsurance underwriter Douglas Sakamoto to its team in Brazil.
Business agility for improved profitability - webinar now available on demand
If you missed the recent Post webinar in association with Pitney Bowes Business Insight on the challenges of communicating with customers in today's changing world, you can now watch the on-demand version.
Canopius Omega bid best says adviser
A note from stockbroker Peel Hunt has dismissed the Haverford bid for 25%of Omega as the least attractive to shareholders of the three bids, preferring Canopius to Barbican.
Groupama appoints former Axa manager to new role
Groupama has today announced the appointment of former Axa account manager Louise Colledge, in a role overseeing the firm’s SME and commercial motor underwriting team in Manchester.
Tapiola has rating affirmed by AM Best
Tapiola General Mutual, Finland’s largest mutual insurer, has had its financial strength rating of A (Excellent) and its issuer credit rating of “A” affirmed by ratings agency, AM Best. The outlook for both ratings is stable.
Bolt criticises energy underwriters
Underwriters are failing to keep pace with changes in the regulatory and legal environment in the aftermath of the Deepwater Horizon oil spill, Tom Bolt told an audience of energy insurers yesterday.
Autoglass partners with Comfort Insurance
Comfort Insurance has appointed Autoglass as its preferred supplier.
AM Best affirms XL ratings
AM Best has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of the holding company, XL Group plc (XL) (Ireland) led by XL Insurance (Bermuda) Ltd (Hamilton, Bermuda).
Insurance net premiums reach £46.4bn
The Association of British Insurers report on UK Insurance – Key Facts 2011 showed insurance net premiums totalled £46.4bn in 2010, while insurers paid out £30.8bn in claims over the same period.
Crash for cash gang to be sentenced
A gang of crash for cash criminals who pocketed almost £2m from false claims submitted through fraudulent accident management companies will be sentenced at Southwark Crown Court next month.
Business agility for improved profitability - webinar now available on demand
If you missed the recent Post webinar in association with Pitney Bowes Business Insight on the challenges of communicating with customers in today's changing world, you can now watch the on-demand version.
CCV acquires TVI
Independent insurance intermediary, CCV has acquired TVI Commercial.
Willis recruits Rolls Royce aero boss
Willis has recruited Mark Wilford, director of risk at engine maker Rolls-Royce as chairman of its global aerospace division.
Lloyd's and ABI band together on Solvency II
Lloyd’s and the Association of British Insurers’ are working together on a proposal that will allow the London market to push ahead with implementing Solvency II - even if it is delayed until 2014.
Buy Beazley/Lancashire, says adviser
Adviser Collins Stewart says despite Lloyd’s poor results it recommend buying shares in Beazley and Lancashire but issued warnings about Amlin and Hardy.
Apil warns against adventure play rules
The Association of Personal Injury Lawyers has warned that children will be exposed to greater risk of harm if safety measures for adventure activities are watered down.
Barbican in Omega merger proposal
Barbican Insurance has dangled an 84p a share offer for 60 million (24.57%) of Omega shares, if Omega shareholders agree to take over Barbican.
L&G boss Tim Breedon to retire in 2012
Legal & General chief executive Tim Breedon – the chairman of the current Association of British Insurers - is to retire at the end of 2012.
Merlin Academy sees first batch of students graduate
The first class of students from the Merlin Academy set up last year have completed its accredited Chartered Management Institute Level 2 Certificate in team leading.