News
AM Best affirms Popular Life Re
AM Best has affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb” of Popular Life Re (San Juan, Puerto Rico). The outlook for both ratings is stable.
Insurance provider appoints ex-Broker Network manager in agency push
Property Risks, a provider of let property insurance, has expanded its team with the appointment of Matthew Clatworthy as agency and business development manager.
AM Best withdraws ratings of RenRe sidecar
AM Best has withdrawn the issuer credit rating of “a” of Starbound Reinsurance II Limited (Bermuda).
Raft of senior appointments at Hub International
Hub International Limited has announced the following management changes to be effective 1 October 2008.
RSA's share price continues to rise on takeover speculation
RSA's share price has continued to rise this morning on speculation that it could be a takeover target.
Bright Grey launches new underwriting service
Bright Grey has introduced a telephone interviewing process to gather medical evidence directly from clients as an alternative to requests for General Practitioner Reports (GPR). The service will be run in partnership with Medicals Direct Group.
Lycetts buys City broker
Newcastle-based broker Lycetts has acquired City broker Carroll Foley Lloyd for an undisclosed sum.
Amlin acquires stake in second UK broker
Amlin has acquired a stake in a second UK broker by buying a minority shareholding in TL Dallas Group.
Confused boosts motor insurance panel
Price comparison site Confused has added Bradford and Bingley to its motor insurance panel.
S&P: Negative outlook for US P/C sector
The decision reflects “the ongoing decline in pricing for commercial lines and decreases in investment income”.
QBE ratings stable after PMI announcement – Moody’s
Moody's Investors Service has affirmed its A3 issuer rating of QBE Insurance Group Limited following the announcement of its proposed acquisition of PMI Australia and PMI Asia for approximately A$1bn.
QBE to buy PMI’s Australasian units for $901m
QBE Insurance has agreed to buy the Australian and New Zealand operations of US mortgage insurers PMI for a total of A$1.027bn ($901 million).
Speed limits should be slashed, says insurer
Spanish government proposals to cut motorway speed limits to 50mph and town speeds to 25mph should be adopted in the UK, according to Yes Insurance.
Arista appoints senior underwriter
Commercial lines underwriter Arista has appointed Jim Morrison as a senior underwriter to provide technical expertise to its Northern based brokers.
Lloyd's insurer appoints new head
Canopius Managing Agents has appointed Stephen Thompson as head of Lloyd’s service company, Impact Underwriting with immediate effect.
DSA and MIA team up with industry for premium discount scheme
The Driving Standards Agency and the Motorcycle Industry Association have teamed up with motorcycle insurance companies to offer discounts to all qualified bikers who successfully take part in the new 'Enhanced Rider Scheme' (ERS).
Canadian life reinsurer gets the go-ahead
Aurigen Reinsurance Company has received regulatory approval
Companies advised to increase contact with consumers
Life & Pensions companies could see incomes drop significantly in the coming months if they neglect consumer contact, warns consultants Practical Change People (PCP).
Canopius names Thompson to head Impact
Canopius Managing Agents has announced the appointment of Stephen Thompson as head of Lloyd’s service company, Impact Underwriting Limited, with immediate effect.
Pick of the week
Reporter Alwynne Gwilt and editor Jonathan Swift look at the major stories from the general insurance...
Allianz to meet PAS 125
From 1 July 2009, Allianz's 173-strong approved repairer network will be required to conform to the ...
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as these highlights from past-articles reveal
Hanks is Polaris chair
Chris Hanks, general manager of Allianz Commercial, has been appointed chairman of technology provid...
Britbord PI to serve SMEs
Brit Insurance has launched Britbord PI, a comprehensive set of professional indemnity products on i...