News
Lloyd’s research winner aims to predict future hurricanes
New research that aims to predict hurricane activity years in advance has won a forecasting specialist from the Met Office, the inaugural Lloyd’s Science of Risk prize.
Markel International Sweden names new underwriters
Markel International Sweden has appointed Hans Norrby and Niklas Oscarsson as underwriters.
Markel International Sweden names new underwriters
Markel International Sweden has appointed Hans Norrby and Niklas Oscarsson as underwriters.
Brit announces board member's departure date
Brit Insurance has today announced that Matthew Scales will step down as a board member on Monday 20 December 2010 following the Extraordinary General Meeting on Friday 17 December 2010.
Former Biba CEO Mike Williams returns to broking with Coversure
Former British Insurance Brokers' Association chief executive Mike Williams is set to open a new branch for franchise-based broker Coversure, Post understands.
Willis relocates Bristol staff to new office
Willis has moved its Bristol staff to a new office at St Catherine's Court in Berkeley Place, Clifton.
Oval records pre-tax loss of £3.5m in 2010 results
In the financial year ending 31 May 2010, broker Oval today revealed its revenue reduced by 8% from £104.6m in 2009 to £96.0m in 2010.
Lloyd's broker RFIB's pre-tax profit falls 32% to £3.2m
Lloyd's broker RFIB Holdings has revealed its turnover (which includes fiduciary interest as well as brokerage) grew 13% from £38.3m to £43.5m for the year ended 30 June 2010.
DWF warns insurers over rise in cross-border claims
Law firm DWF has launched an international claims team in response to a 50% rise in queries on cross-border claims from insurers over the past 18 months.
Aviva talks up global corporate strength as Hall signs on
Aviva has hailed its swoop for the UK chief executive officer of Zurich's Global Corporate UK business, David Hall, as further evidence of its pulling power in this space.
Mobile-friendly Postonline offers news and views on the move
Post has launched a mobile-friendly version of its award-winning website, allowing subscribers to read all the latest news, views and analysis on their mobiles as well as search the full archive, post their own comments and much more.
Government and police back DVLA motor data access pilot
The government and the Metropolitan police have thrown their weight behind a pilot scheme which will give motor underwriters access to externally held personal data on customers to check whether they have lied on their policy submissions.
Lloyd's opposes SII transitional stage
Lloyd's has criticised plans by the Committee of European Insurance and Occupational Pensions Supervisors to stagger implementation of the Solvency II directive beyond January 2013.
ABI: cost of flood damage has tripled since year 2000
The cost of flood damage since 2000 has soared by 200% compared with the previous decade, with yet more people set to be at significant risk of flooding, according to the Association of British Insurers.
Returning trio to expand Sovereign offering
The owners of replacement vehicle and personal injury firm Sovereign Automotive are intending to expand their product range to include accident management.
LV insurer of Sussex Arms
LV has confirmed it is the insurer of the Sussex Arms in Paddington, London, the scene of a serious accident in October.
M&A - Internal communications: Getting the message across
With the mergers and acquisitions front hotting up in the insurance industry, Simon Barrow warns that communications with employees should top the agenda.
Young resignation has no impact on report action
Implementation of Lord Young of Graffham's report will be "carried forward regardless", following his resignation as an adviser to the coalition government over his recession comments.
Solicitors PI firms in the firing line as SRA begins ARP audit
A number of solicitors' professional indemnity insurers may see their declared premiums uplifted amid concerns cover was under-reported to avoid exposure to the assigned risks pool.
LAS guarantees site visit survey within 48 hours
LAS is set to provide clients with a guaranteed 48-hour site visit across all its surveying and validation services.
Former Biba chief Williams to return with Coversure
Former British Insurance Brokers' Association chief executive Mike Williams is set to open a new branch for franchise-based broker Coversure, Post understands.
Zurich backs Connect brand as boss departs
Zurich has reaffirmed its commitment to its UK direct brand Zurich Connect, after the departure of the divisional managing director originally charged with growing the business, Mike Quinton, and the scrapping of his role.
Insurers dismiss concerns over 10% discount offers
Commercial lines insurance providers promoting 'special offer' end-of-year premium rates have hit back at criticisms from the market.
MGAA issues call to arms
Managing General Agents' Association steering committee chair Reg Brown has warned its potential membership that a failure to back the fledgling trade association would represent a missed opportunity.