News
Career development & CSR: BLM raises £18 000 for Barnardo's
Generous employees from Berrymans Lace Mawer handed over £18 000 to Barnardo's following the law firm's annual charity quiz night.
Group unveils ABS plan despite delay
Triton Global has "stuck its head above the parapet" to announce it is ready to become an alternative business structure, as soon as it has the green light from the Solicitors Regulation Authority.
Crawford axes up to 50 as claim volumes fall
Loss adjuster Crawford & Company is to make as many as 50 people redundant, including managers, after a business review flagged up a fall in household claims.
North of the Border: lack of consensus on cost reform
How quickly and cost-effectively will future claims in the Scottish courts be dealt with? The Gill review of Scotland's civil court system sought to provide a comprehensive answer to this question but has yet to be implemented.
XL seeks alternative to non-disclosure clause
XL Insurance is in the process of drawing up an alternative to risk management trade body Airmic's model 'non-disclosure clause', in a bid to encourage insurers to sign up to it, Post has learned.
Career development & CSR: Groupama manager wins volunteering award
A big-hearted Groupama Healthcare worker has been honoured for her "outstanding" charitable contribution to local communities in Hertfordshire.
Jersey firm has Giles in its sights after takeover
Bosses from Jersey-based Islands Insurance have heralded the acquisition of Reed Insurance Associates as "a big leap forward", after finalising a deal that sees the firm become the self-proclaimed second largest operator on the Channel Islands.
Garwyn begins another CEO hunt
Private equity-owned specialist liability loss adjuster Garwyn is to appoint a new chief executive officer to replace Stewart McCulloch "in due course," just 13 months after he joined the business.
Editor's comment: A disturbing pattern
No sooner have counter fraud managers applauded the industry's backing of an insurer-funded fraud police unit, than their vehicle theft counterparts are bracing themselves for going it alone in trying to tackle another criminal act.
Swiss Re breaks protocol to deny Quinn links as regulators probe claims
The Malta Financial Services Authority and Irish financial regulator, Central Bank of Ireland, are in discussions to establish how stories surfaced that Quinn Insurance founder Sean Quinn was set to return with a new underwriting vehicle, Post has…
BMS: US reinsurance focus after buy out
BMS bosses have vowed to switch the company focus towards the US reinsurance market following the news that the broker has reached an agreement to buy out its only external shareholder AHJ Holdings.
Business as usual after ex-Nilefern CEO jailed
Nilefern — the Lloyd's coverholder previously run by the now disgraced Martin Fisher —has declared that it is "business as usual" following the news its former chief executive has been jailed after pleading guilty to a string of child sex offences.
Insurers incensed as stolen vehicle unit faces closure
Plans to axe the Metropolitan Police's stolen vehicle unit next year could lead to the insurance industry funding even more police initiatives, it has been warned.
Career development & CSR: LV helps kit out school
Sporty students from a South London school have been bowled over after being presented with cricket and rugby equipment as part of an LV-sponsored giveaway.
Brokers warned of HSE consultation implications
Insurers and brokers need to make clients aware of a new government-backed system for recovering costs from those who break health and safety laws, an industry expert warned this week.
Santander latest bank to set asside PPI fund with Euros 620m hit
Santander today revealed a net profit of Euro 3.501 bn (down 21%), after setting up an extraordinary fund of Euros 620m in the UK to cover potential claims for payment protection insurance sold in the UK.
Esure confirms it has an "option" to increase stake in Go Compare
Results filed at Companies House in the last week have revealed that Esure Holdings has an option to increase it stake in aggregator Go Compare.
Swiss Re denies Quinn links as regulators probe claims – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories.
Allianz Re unveils new approach to crop insurance
Allianz Re's agriculture team is developing a new crop insurance approach which better manage Earth’s natural resources, the group announced today.
ING could be fined hundred of millions for breaking sanctions
ING is being investigated by US authorities for breaking economic sanctions against Cuba (Havana pictured), Iran and Syria, according to reports in Holland.
Ace reports 40% fall in net income
Ace has recorded net income of $607m (£370) in the second quarter of 2011, a drop of 10% on Q2 2010.
US legislative changes offer opportunities for London Market
Legislative changes in the US could present “significant” business opportunities for London market companies, according to the International Underwriting Association.
Tony Baker steps down as CHO director general
Credit Hire Organisation director general Tony Baker has announced his decision to step down from the role at the end of the year.
AI Claims on track to hit profit forecast despite downturn in accidents
AI Claims has reported that its trading profit in the financial year is in line with market expectations.