News
Post in print - 2 September 2010
Post reporter Amy Ellis outlines the main news from this week's issue of Post.
BIA offers women hope
Research released this week by the Chartered Management Institute to mark the 40th anniversary of The Equal Pay Act 1970, revealed equal pay within the insurance industry could still be more than 35 years away.
Women must be pragmatic if the gender salary gap is to close
Women must start taking the same pragmatic approach as men when applying for jobs if the gender salary gap is to close.
Imas: UK industry well placed to weather double dip
The UK insurance industry is well placed to weather a double dip in the recovery of the beleaguered UK financial services sector, Imas Corporate Advisors has claimed.
IAG defends ERS in face of report
Australian insurer IAG has defended its UK business Equity Red Star, insisting it will return to long- term profitability.
MGA to double footprint after recruitment drive
Glasgow-headquartered managing general agency Giant Risk Solutions is set to open new offices in Yorkshire and the South-west, with plans to widen its footprint throughout the UK.
Ecclesiastical blames Chilean earthquake for pre-tax loss
Ecclesiastical has revealed that exposure to the Chilean earthquake was predominantly responsible for its £9.9m pre-tax loss for the first half of 2010.
3700 staff on tenterhooks as RBSI unveils closures
Rivals of Royal Bank of Scotland Insurance have outlined plans to recruit staff affected by the banking giant's decision to close more than half of its offices.
Lockton to become latest London market broker to seek LLP status
Lockton International has become the latest London market broker to seek limited liability partnership status, Postonline can reveal.
Confused not up for sale
Admiral has ruled out selling part or all of its aggregator arm Confused after it disappointed with its half-year results.
Argent confident over deal for rival adjuster
The man charged with overseeing the integration of loss adjusters Argent and Carmichaels has insisted the merger will succeed where similar deals have faltered.
QBE brands CEO replacement speculation as "completely false"
QBE has branded speculation that it has lined up an external successor for its CEO Frank O'Halloran as "completely false".
Keychoice claims it is "not just another MGA" as it unveils insurer trio
Keychoice Underwriting, the new commercial managing general agency owned by SSP has claimed it is "not just another MGA".
Axa names new finance director
Waseem Malik, Axa's former head of M&A, has been appointed to the role of finance director at the insurer.
Coface returns to profit in H1 2010
The credit insurer has recorded an operating profit of €55m compared to -€47m in the second half of 2009 and -€202m in the first half of 2009.
Moody's European insurers' H1 2010 results show stabilisation of capital and earnings but conditions remain challenging
Moody's report "European Insurers' H1 2010 Results: Capital and Earnings Stabilise, but Market Conditions Remain Challenging", assesses the impact of H1 2010 results and identifies the main future challenges for European insurers.
Moody's European insurers' H1 2010 results show stabilisation of capital and earnings but conditions remain challenging
Moody's report "European Insurers' H1 2010 Results: Capital and Earnings Stabilise, but Market Conditions Remain Challenging", assesses the impact of H1 2010 results and identifies the main future challenges for European insurers.
Imperial records spike in claims volume
Imperial Consultants has recorded a 25% increase in incoming claim volumes received from its UK insurance clients for the year ending August 2010.
Allianz aims for €120m target with new Madrid corporate base
Allianz Global Corporate & Specialty, the insurance group's dedicated carrier for large corporate insurance customers, is opening a branch office in Madrid.
Former Towergate investor to wind down
The private equity firm linked with buying a 25% stake in Towergate 32 months ago has decided to wind-up its investments and return cash to investors after takeover talks broke down.
Accident Exchange seeks to de-list after restructuring credit facility
Credit hire operator Accident Exchange is to convene a general meeting to propose a resolution to approve the cancellation of admission of the ordinary shares to trading on the London Stock Exchange.
Chaucer recruits former Axa CEO Wood as non-exec
Chaucer Holdings has appointed Mark Wood as a non-executive director from today. He joins the audit, remuneration and nomination committees, and following FSA approval, will become a non-executive director of Chaucer Syndicates, the group’s Lloyd’s…
Aon appoints new area director and crisis management CCO
Aon Risk Solutions has appointed Craig Preston, currently chief commercial officer of Aon’s crisis management business, as area director responsible for Aon corporate’s Reading and Southampton offices.
Aon adds former Marsh broker to renewable energy team
Aon has appointed Bruce Grant as a further specialist to its renewable energy team.