News
Ceiops' IMD delay raises hopes over review outcome
The five-month delay of the Committee of European Insurance and Occupational Pensions Supervisors' submission to the European Commission on the revision of the Insurance Mediation Directive demonstrates the complexity of opinion on the subject, according…
Iprism valued at £50m as PE firm takes a stake
Online commercial comparison portal Iprism has attracted private equity backing, in a move that values the business at £50m.
Rok closure could boost small contractors
The fall-out from the closure of Rok's maintenance business could lead insurers to turn to smaller building repairers in the future, according to one such firm.
Once-in-a-decade op
The consultation into the implementation of Lord Justice Jackson's proposals is the best window of opportunity the industry has had for more than 10 years to influence change.
Frost vows to stabilise prices following DAS losses
Recently appointed DAS head of underwriting Matt Frost has vowed to stabilise prices in a bid to revive the fortunes of the legal expenses insurer.
Zurich comes under fire for 'bungled' staff consultation
Zurich has been accused of bungling the handling of its staff consultation over potential redundancies among senior and middle managers.
LV boss pledges growth to £1bn by 2015
LV direct managing director Selwyn Fernandes has pledged to grow the business's gross written premium to £1bn by 2015, despite the competition generated by the aggregators.
Towers aims to lead non-life consultancy
Towers Watson has outlined its ambition to become "number one" in the UK non-life consultancy market following its acquisition of EMB.
Industry bodies heartened by private sector potential
The Association of British Insurers and British Insurance Brokers' Association have welcomed the prospect of greater private sector investment in flood defences following the government's decision to cut the budget.
Lark and Bollington spared in Groupama consolidation
Groupama this week insisted its specialist commercial broking operations will not be subjected to the same consolidation and rationalisation that are set to impact other subsidiaries.
Zurich loses Purple panel spot
The Purple Partnership has made the second change to its core commercial insurer panel since its launch almost three years ago.
Caribbean Governments receive $12.8M insurance payout
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) completed insurance payments to the Governments of Barbados, Saint Lucia and St. Vincent & the Grenadines following the passage of Tropical Cyclone Tomas which passed close to these islands on 30…
Kiln announces management changes
Kiln has announced the appointment of Ian Brimecome as chairman of Kiln Group, and Paul Hewitt as chairman of R J Kiln and Co.
Kiln announces management changes
Kiln has announced the appointment of Ian Brimecome as chairman of Kiln Group, and Paul Hewitt as chairman of R J Kiln and Co.
Solvency II "finishing touches" underway
Lloyd's has claimed that European regulators are now putting the “finishing touches” to Solvency II, following a decade in the planning.
Solvency II "finishing touches" underway
Lloyd's has claimed that European regulators are now putting the “finishing touches” to Solvency II, following a decade in the planning.
Ageas contacts customers over Rok closure
Ageas has contacted policyholders affected by the closure of Rok’s maintenance division to provide alternative suppliers from its repair panel.
Fraudsters offer fake jobs at Lloyd's
Lloyd’s has issued a warning to job seekers after falling victim to a recruitment scam in which candidates are understood to have been asked to provide a fee in some cases.
Fraudsters offer fake jobs at Lloyd's
Lloyd’s has issued a warning to job seekers after falling victim to a recruitment scam in which candidates are understood to have been asked to provide a fee in some cases.
Reputation of Ireland’s economy “not terminal”
Dan Mckeown, Ireland Manager at financial recruiter Marks Sattin, has commented on what a potential European Central Bank deal would mean for financial services jobs in Dublin.
Reputation of Ireland’s economy “not terminal”
Dan Mckeown, Ireland Manager at financial recruiter Marks Sattin, has commented on what a potential European Central Bank deal would mean for financial services jobs in Dublin.
Allianz blames floods, low car sales and crisis tax for 87% drop in profits
Allianz has reported that gross premiums written in its central and Eastern European property and casualty business exceeded the Euros 2bn in the first nine monsths of 2010.
Ghost broking trio charged with fraud
Three people suspected of acting as illegal insurance intermediaries - or ‘ghost brokers’ - have been charged with fraud.
Iprism valued at £50m as PE firm takes a stake - Post in print: 18 November 2010
Reporter Amy Ellis outlines the main news from this week's issue of Post, including how backing from a PE firm has led to Iprism being valued at £50m; Zurich coming under fire for 'bungled' staff consultation; Allianz's Andrew Torrance bemoaning new…