News
Australian insurance giant confirms Hastings bid
Insurance Australia Group this morning confirmed Post Magazine's front page story this week that it will enter the UK insurance market with purchase of Hastings and its underwriting subsidiary Advantage.
Outsourcing: two way street
The traditional driver for outsourcing has been a tactical and short-term focus on costs rather than a more strategic perspective, resulting often in poor management and monitoring. Delegates attending this year’s Post Outsourcing conference on 25…
Biba adopts message for 2007
The British Insurance Brokers’ Association (Biba) has opted for 'Achieving Excellence' as the theme for its 29th annual conference and exhibition to be held at ExCeL London between Wednesday 23 and Friday 25 May 2007.
Chaucer branches out into Asian market
Chaucer Syndicates has announced plans for the formation of a new Singapore-based company to underwrite Asian risks.
EC launches intelligent vehicle systems awareness campaign
A major new drive for improving awareness of intelligent vehicle systems and their road safety benefits was announced today.
FSCS offers compensation over three failed brokers
The Financial Services Compensation Scheme has confirmed it will protect customers of three insurance intermediaries that have closed down.
RSA update: Aviva bid mooted
Investment bank Keefe Bruyette and Woods has ignited speculation that Aviva could make a bid for Royal & Sun Alliance, now the insurer has cast aside its troublesome US liabilities.
Challenges await big three says S&P
Aon, Marsh and Willis have made significant advances to their operations in the post Spitzer era but have yet to ‘fully address’ the evolving landscape according to a report out today.
FSA calls for insurer/broker co-operation on TCF
Providers and distributors of financial products have differing but interlocking responsibilities for treating customers fairly and need to work together to help avoid potential future detriment for consumers, according to a discussion paper issued today…
RSA update: US sale news prompts ratings rethink
Moody's Investors Service today placed the European ratings of the Royal & Sun Alliance Group on review for possible upgrade following the group's announcement that it intends to sell its US operations to Arrowpoint Capital for a deferred consideration…
Ace in PI offering to Imarket
Ace Europe has launched Professional indemnity as its first imarket product – and one of the first of its kind to be offered online in the UK.
Scottish Re cuts down credit agreements
Scottish Re Group has announced that it has permanently reduced the aggregate commitments under the Amended and Restated Credit Agreement dated July 14, 2005 among Scottish Annuity & Life Insurance Company (Cayman), Scottish Re (Dublin), Scottish Re (US)…
Benfield buys Norwegian niche broker
Global (re)insurance broker Benfield has bought Norwegian direct marine and energy broker, Parisco.
Wellington appoints new head of energy
Wellington Underwriting Agencies, managing agent of syndicate 2020, has today announced the promotion of Huw Jones to divisional underwriter responsible for the energy account.
RSA sells troubled US arm to management
Royal and Sun Alliance has announced the sale of its US operation to Arrowpoint Capital, a vehicle set up by the RSA US management team. The insurer also announced the termination of its American Depositary Receipt programme, its voluntary delisting from…
College opens insurance training unit
A south London college is set to launch a financial services academy to train future financial wizar...
Winners and Losers: Post's monthly round-up of job cuts and gains
WINNERS Liverpool Victoria reveals plans to recruit 500 staff after buying ABC Insurance Consultant...
IRM awards high achiever with NZ prize
The Institute of Risk Management has awarded its Best Student Award to Andre Katz at the Office of G...
Allianz gives Cornhill employee board voice
A worker from the UK has been appointed to sit on the board of German insurance giant Allianz, follo...
Providers and distributors need to work together to treat customers fairly says FSA
Providers and distributors of financial products have differing but interlocking responsibilities for treating customers fairly (TCF) and need to work together to help avoid potential future detriment for consumers, according to a discussion paper issued…
Launch of new look Post
Post Magazine, Post Online and Post Events have all benefited from a major new redesign.
What the papers said this week
Financial Times Hedge funds that have piled billions of dollars into reinsurance are poised for bum...
Something in the atmosphere
The climate change agenda was due to take centre stage at the Labour Party Conference in Manchester ...
Appointment at Software Solutions Partners
Mark Woronowski, who has worked for Software Solutions Partners for 19 years, has been promoted to h...