News
AIG: A personal view from the inside
Reinsurance reporter Alexander Ferguson talked to a senior executive at AIG, who declined to be named, to get their personal view of what life has really been like in the eye of the storm.
Layton Blackham rebrands
Commercial broker network Layton Blackham Business Solutions is rebranding under the Bluefin brand as Broker Partnership Services on 6 April.
Norwich Union Life cuts 1100 jobs
Norwich Union Life has confirmed that 1100 roles will be made redundant in the UK by the end of 2009. A further 590 contract positions will leave "over the next few months". Chief executive of Norwich Union Life Mark Hodges said: "Making decisions that…
Insurers warned of paying out twice for property damage
Insurers may have to pay out twice for the repair of property damage if the policyholder absconds with the money, city law firm Reynolds Porter Chamberlain has claimed.
Airmic still not satisfied with market solution
The Association of Insurance and Risk Managers (Airmic) has given a cautious welcome to the British Insurance Brokers' Association's (Biba) guidance on transparency, disclosure and conflicts of interest in the commercial insurance market.
Allstate head paid over $8m in 2008
Thomas Wilson, the chairman and chief executive of US insurance giant Allstate, was paid over $1m in salary in 2008, a filing to the Securities & Exchange Commission has revealed.
QBE in SME product push
QBE Insurance is launching a range of electronically traded products targeting the SME market.
North Sea helicopter crash insurance led by Allianz - sources
Allianz was the lead insurer of the helicopter that crashed in the North Sea on Wednesday, Reinsurance has learned.
Ecclesiastical buys stake in broker
Ecclesiastical has acquired a minority shareholding in specialist insurance broker Lycetts that is focused on the farms, estates, historic houses, fine art and bloodstock markets.
Aspen unit upgraded by AM Best
Aspen Specialty (ASIC), a wholly-owned unit of Bermudian (re)insurer Aspen, has had its financial strength and issuer credit ratings upgraded by AM Best.
AIG should be forced into renegotiating contracts - reports
(BESTWIRE) - The U.S. Treasury should make the $30bn in promised future aid to American International Group Inc. contingent on renegotiating contracts with its executives, employees and financial counterparties, a new report by the U.S. Government…
CIS profits slump to £8.4m
Co-operative Insurance Services' profits have dropped to £8.4m for 2008, compared to £67.1m the previous year.
Swiss Re to cut 11 560 headcount by 10%
Swiss Re intends to reduce its current global headcount of 11 560 by approximately 10% over the next twelve months. This is part of the previously announced plan to introduce cost reductions of CHF 400m by the end of 2010.
A day in the life - Engineer surveyor
Jane Bernstein follows engineer surveyor Steve Cahill for the day to find out what has kept him enthused for 20 years
Pick of the week
Post senior reporter Sarah Hills looks at the major stories in this week's Post: Zurich Euro chief s...
Antur secures Arista exclusive on motor
Welsh broker Antur Insurance has secured an exclusive policy wording and premium deal with commercia...
Appointment at Aspen
Aspen Insurance has appointed Rupert Villers as head of its newly combined financial and professio...
Appointment at RSA
RSA has appointed Tim McGain as its new Risk Solutions UK property director with effect from 1 Apr...
A strong brand is imperative in online sales
Establishing a well-known brand is paramount when it comes to selling insurance online, according to...
2011 deadline to avert mandatory commission disclosure
The broking sector has been given until 2011 to prove that mandatory commission disclosure is not ne...
SME sales not a natural fit for aggregators
The managing director of Premierline Direct has questioned whether online SME sales is a natural mar...
Catlin joins IUA
Catlin UK has voted to join the International Underwriting Association. Dave Matcham, chief executiv...
Penny black's insurance week
Penny was looking forward to this week's episode of The Apprentice as Post went to press, especi...
Appointment at QIS
The Board of Qatar Insurance Services has recruited James Sutherland as chief executive officer. P...