News
European insurers resilient to stress tests
Fitch Ratings has published a report today that its stress-testing of European insurers based on their euro-zone sovereign exposures has resulted in no rating actions.
Aon Benfield launches ILS benchmarking tool
Aon Benfield Securities has launched an insurance-linked securities (ILS) benchmarking tool, the Aon Benfield ILS Indices, which provides a quantitative view of ILS returns since December 2000.
European insurers resilient to stress tests
Fitch Ratings has published a report today that its stress-testing of European insurers based on their euro-zone sovereign exposures has resulted in no rating actions.
Brit appoints Ray Cox as UK CEO
Brit Insurance has confirmed Ray Cox will succeed Peter Burrows as the chief executive officer of its UK Strategic Business Unit.
R&Q insurance profit hits £3.6m
Randall & Quilter’s income rose 52% to £16.1m in the first six months of the year (H1 2009: £10.6m).
Aon Benfield launches ILS benchmarking tool
Aon Benfield Securities has launched an insurance-linked securities (ILS) benchmarking tool, the Aon Benfield ILS Indices, which provides a quantitative view of ILS returns since December 2000.
R&Q insurance profit hits £3.6m
Randall & Quilter’s income rose 52% to £16.1m in the first six months of the year (H1 2009: £10.6m).
Penny Black's insurance week
One of Penny's colleagues met up with new Garwyn CEO Stewart McCulloch this week, and by all accounts he seems to be warming quite nicely to his new role in the claims space.
Postscript: Five years ago: Drug cover costs still on the rise
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Postscript - 10 years ago: Football coverage in decline
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Postscript - 50 years ago: Machine does work of 70 clerks
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Career development: Barbon staff go for green light
Mairi MacDonald looks at how the implementation of a 'traffic light' target system alongside new employee benefits has seen staff retention soar at Barbon.
Career development: Ask the expert
"I applied for a role on a whim two weeks ago - now I've been offered the job. It's all happened so fast and the company wants me to resign before my line manager goes on holiday. I feel quite guilty about this and really need more time to consider…
Editor's comment: Cat among the pigeons
News of RSA's bid for the UK, Irish and Canadian general insurance businesses of Aviva has certainly thrown the cat among the pigeons. Over the weekend there was considerable speculation about who had leaked the story and the motive for doing so. Was…
RSA spotlight - Bob Mendelsohn: Whatever happened to Bob?
Having promised RSA that he would make it his mission to track down its former CEO Bob Mendelsohn to mark the firm's 300th anniversary, Jonathan Swift's job was made somewhat easier than anticipated when he resurfaced at US insurer Navigators last week…
Manchester moves for Marsh and Mercer
Marsh and sister consultancy firm Mercer are to consolidate their Manchester operation from the current three locations into one.
Fortis backing key to UK General's £1.6m Shearings deal
UK General has won a two-year deal with travel firm Shearings — its first major piece of business since teaming up with new capacity provider Fortis.
Kerry London secures £1m acquisition funding
Kerry London chief executive Damian Kissane has claimed the group is close to concluding a new bank facility that will enable it to make an acquisition.
Warning over buildings insurance errors
Homeowners are at risk of paying extra for their buildings insurance by falling foul of an error of insuring at market value rather than at rebuilding cost.
Dual boss admits Hiscox deal good for flotation
Dual International chief executive Bob Van Gieson has admitted moving away from having Arch Capital as its sole capacity provider for its main book of business makes it better placed for a flotation.
Garwyn aims for client contact with City office
Liability loss adjusting specialist Garwyn has opened an office in the City of London for the first time in a bid to get closer to its customers.
Willis ends pay freeze but flexible working still an option
Willis is set to reintroduce annual salary reviews following a two-year pay freeze that was implemented at the height of the credit crunch to cut back on costs.
Allianz boss backs rate increases to fuel return to profit
Allianz Insurance chief executive Andrew Torrance has revealed it could implement rate increases of up to 25% in its broker motor book during 2010.
Acromas claims anti-PE bias amid reported loss
Acromas Holdings, the parent group of insurance providers AA and Saga, has claimed "scaremongering" against private equity houses has seen the ongoing performance of the business masked by a £529m overall loss, caused by interest repayments.