News
AM Best affirms Hiscox 'A' rating
AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Hiscox Insurance Company (Bermuda), Hiscox Insurance Company and Hiscox Insurance (Guernsey), all operating companies of Hiscox Ltd …
RBS Insurance consults with a 1000 staff ahead of Indian outsourcing move
Royal Bank of Scotland Insurance could offshore more than 300 back office roles to India after launching a consultation with more than a thousand staff last week.
Aussie giant Wesfarmers stalks Barbon in UK push
Wesfarmers is poised to become the latest Australian financial services giant to make a serious play for the UK market with a sizable acquisition.
RBSI seals EXL Indian outsourcing deal
Royal Bank of Scotland Insurance could offshore more than 300 back office roles to India after launching a consultation with more than a thousand staff last week.
RBSI leaves door open for further reserving
Royal Bank of Scotland Insurance has not ruled out the need for further personal injury claims reserving after setting aside another £100m during the third quarter of the year.
MoJ confirms plan to widen RTA process net
The government has confirmed plans to extend the road traffic accident claims process to a broader range of personal injury and low value clinical negligence claims by April 2012.
Ruling clarifies 'double jeopardy' threats
A recent High Court ruling that will mean fewer claims reach the Financial Ombudsman Service could spell good news for insurers, according to a law firm.
Motor increase is not a 'market failure'
The increase in motor insurance premiums is problematic without being a "market failure" according to the British Insurance Brokers' Association.
Mitie seeks partners for one-stop building claims service
Building maintenance firm Mitie is in talks with prospective partners and potential clients in a bid to establish an all-encompassing property repair network.
Editor's comment: Rok's troubles raise issues
The news this week that building firm Rok had filed for administration will certainly have raised some questions among the insurance fraternity.
Clients switch as PwC lines up 50 bids for Rok
More than 50 interested parties are in the running to purchase all or part of beleaguered building repair firm Rok, administrator Pricewaterhouse Coopers has revealed.
Underwriting Service Awards 2010
Post is proud to introduce the Underwriting Service Awards 2010, an awards evening rewarding excellence and achievement in underwriting.
Warning over PI cost rise
Insurers could see personal injury costs rise due to a government review of 'discount cost rates' on compensation.
Towergate considers legal action over staff defections
Towergate is mulling legal action over a team of former employees that have left its Hertfordshire operation to join a local rival.
Post in print - 11 November 2010
News editor Mairi MacDonald outlines the main news from this week's issue of Post.
Cullum snares BIB businesses
Cullum Capital Ventures has completed the acquisition of two businesses in the North east of England.
Aviva pays £104m for minority stake in insurer
Aviva has exercised its option to buy out the stakes held by the minority shareholders of Société d’Epargne Viagère, a French life insurance company in which Aviva already has an 83.7% equity stake.
Aviva pays £104m for minority stake in insurer
Aviva has exercised its option to buy out the stakes held by the minority shareholders of Société d’Epargne Viagère, a French life insurance company in which Aviva already has an 83.7% equity stake.
Towers Watson acquires EMB
Towers Watson has acquired general insurance and actuarial consulting company EMB.
Hannover Re CEO raises profit forecast in Q3 results
Hannover Re this morning said gross written premium in total business grew by an appreciable 11.5% as at 30 September 2010 to reach Euro 8.6bn.
Hannover Re CEO raises profit forecast in Q3 results
Hannover Re this morning said gross written premium in total business grew by an appreciable 11.5% as at 30 September 2010 to reach Euro 8.6bn.
Novae acclaims move to short tail classes in Q3 results
Lloyd's insurance group Novae has reported gross written premium for the first nine months of 2010 to £473.3m, up 54% (Q3 2009: £308.2m).
Novae acclaims move to short tail classes in Q3 results
Lloyd's insurance group Novae has reported gross written premium for the first nine months of 2010 to £473.3m, up 54% (Q3 2009: £308.2m).