News
Law report: Appeal decision limits duty of care on rental valuations
This law report has been contributed by national law firm berrymans Lace Mawer.
Career development & CSR: Caravan specialist wins innovation gong
Motor caravan insurance specialist Victor Millwell has been recognised at the Barking & Dagenham business awards.
Axa takes hit on illegal vodka industrial blast
Axa faces a large insurance claim following an explosion at an industrial unit in Boston, Lincolnshire that was being used to produce illegal vodka.
Axa regains TUI travel contract from Mondial
Axa Personal Lines has ousted Mondial Assistance as underwriter for travel giant TUI, following a successful tender bid to win back the three-year contract. It comes less than a week after Axa sealed a similar deal to retain the Lloyds TSB travel…
News analysis - RTA scheme extention: Statistically speaking
With the MoJ consultation on extending the RTA personal injury scheme now closed, Lynn Rouse asks how an evidential basis can be put forward with no sign of statistics on success to date.
Career development: Ask the expert
I've worked my way up the ranks over the last 10 years, from a relatively junior position in my existing company, but despite my current position of responsibility I still have trouble shaking off people's previous perceptions of me, which I feel is…
People moves - 21 July 2011
A round-up of people moves and new appointments in the industry, as featured in the 21 July 2011 edition of Post.
ABS deadline delayed until 2012
The 6 October deadline for licensing alternative business structures is delayed until 2012, Post understands.
RPC: drop in High Court cases masks insurer litigation
There has been a 30% fall in the number of commercial cases launched in the High Court, down to 47 884 in 2010 from 68 084 in 2009, according to City law firm Reynolds Porter Chamberlain LLP.
Amicus to close Colchester office in efficiencies push – Insurance News Now – 21 July 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including DAS’ decision to close the Amicus Legal office in Colchester, a move which will cost 21 people their jobs.
NIG identifies target trades in push for contractor business
NIG bosses have earmarked a number of target trades they hope to attract by offering improved cover levels, dedicated broker microsites and a new brand identity.
Giles confirms £5m CBG offer
Giles Insurance Brokers has confirmed that discussions are underway with CBG concerning a possible offer at a price of 32p per share in cash for the entire issued and to be issued share capital of CBG.
Global Takaful contributions set to rise
Global Takaful contributions are expected to reach US$12bn by the end of the year, according to analysis by Ernst & Young.
Catastrophe rates on the rise as insurers look to recoup losses
Catastrophe rates are on the rise as insurers attempt to recoup heavy losses, however, non-catastrophe accounts with good loss experience remain highly sought after, according to a Marsh report published today.
Former Indy staff lose compensation after employment tribunal appeal
Hundreds of former Independent Insurance staff have lost the right to compensation after the liquidated company appealed an earlier ruling.
Marsh forms global claims practice
Marsh has formed a global claims practice to harness its claims experience around the world.
Willis Research Network launches Economic Capital Forum
Risk and actuarial research departments have come together under the Willis Research Network, the academic and analysis arm of Willis Group Holdings, to support the industry’s development and use of economic capital models required under Solvency II and…
Tokio Marine Europe files for Chapter 15 recognition in US
Tokio Marine Europe Insurance Ltd, a part of the Tokio Marine Group, has filed a petition for protection from creditors within its recently approved solvent scheme of arrangement under Chapter 15 in US bankruptcy court in Manhattan.
Giles approaches CBG over potential purchase
CBG has issued a statement confirming an approach from Giles Insurance Brokers.
Gibraltar GWP tops Lloyd's in motor insurance underwriting
Gibraltar is outperforming Lloyd’s of London in the motor insurance market, according to a report by Ernst & Young, and Admiral is leading the charge.
Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
Fitch affirms German mutual Gothaer's 'A' rating
Fitch Ratings has affirmed Gothaer Allgemeine Versicherung AG's and Gothaer Lebensversicherung AG's insurer financial strength ratings at 'A' and long-term issuer default ratings at 'A-'.
Munich Re in solar energy deal in Spain and Italy
Munich Re and investment firm Kohlberg Kravis Roberts & Co have partnered to acquire a 49% equity stake in Grupo T-Solar, the largest European solar photovoltaic power generator.
Aspen Insurance to buy commercial insurance renewal rights from M4
Aspen Insurance’s regional platform Aspen Risk Management has agreed to purchase certain commercial insurance renewal rights and other related assets from M4 Underwriting.