News
Lorega strike Biba deal
The British Insurance Brokers’ Association has joined forces with claims advocates Lorega to provide brokers with a free claims helpline advice service for complex claims.
Swiss Re profits up 22%
Profits at reinsurance giant, Swiss Re have risen, but figures show total premiums have fallen and property casualty unit income has dropped 69% on heavy cat losses.
Markel reports Q1 results upswing
Markel reported net comprehensive income of $134.5m for the quarter compared to a loss of $2m for the first quarter of 2009.
Zurich reports increased first quarter profits despite high volume of weather and catastrophe-driven events
Zurich has reported a business operating profit of $1.3 bn (£864m), an increase of 19%.
Brit reports GWP fall after declining business
Brit Insurance has reported gross written premium of £483.5m for the first quarter of 2010 – almost 10% down on last year’s £557.6m after turning its back on "inadequately priced business".
Sean Quinn stands down from the board of Quinn Group
Sean Quinn has today announced that he, along with his wife Patricia, have decided to stand down from the board of Quinn Group.
RSA reports premium rise of 5%
RSA has reported that net written premiums rose 5% to £1.9bn in the first quarter of 2010.
APC combines estate agent products
Underwriting agency APC has combined its specialist estate and letting agents products into one cover.
RSA reports premium rise of 5%
RSA has reported that net written premiums rose 5% to £1.9bn in the first quarter of 2010.
Claims Club News: Cutts: PI industry is at odds with access to justice
A conflict between access to justice and the so-called personal injury industry has sprung up according to Forum of Insurance Lawyers president Dan Cutts.
Claims Club News: RTA portal needs revamp
The road traffic accident portal, which went live last week, will need to be refreshed as early as the summer according to Fraser Fundell, chief executive of IDSL, the firm commissioned to manage the technology.
Claims Club News: Beware the apps backlash warns Williams
Any insurer considering introducing a claims app should be ready for a backlash warned David Williams, Axa's managing director of claims.
Editor's comment: Stop the text pests
Over the last fortnight it would appear that several people in the market, including myself, have been sent the same text message.
Fortis and RBSI hail RTA portal link-up success
Only a handful of insurers successfully took steps to link their internal IT systems to the Ministry of Justice's road traffic accident portal ahead of its roll-out, Post has learnt.
Biba 2010 Countdown: The Claims Perspective
The Biba conference is well known as a gathering place for UK insurers to court brokers. But what of those associated with claims? Post asked the bosses of a number of these firms what their hopes are for this year's event, continuing with Lee Sadowski,…
Biba 2010 Countdown: The London market view
With this year's Biba conference being held in the capital, Post thought it appropriate to ask a number of companies traditionally more associated with the London market why they are exhibiting and what they hope to get out of the event.This week we talk…
Cologne Re of Dublin: Ratings withdrawn at company request
Standard & Poor's Ratings Services said today it affirmed its 'A' long-term counterparty credit and insurer financial strength ratings on Ireland-based reinsurer Cologne Re of Dublin. The ratings were subsequently withdrawn at the company's request. The…
Guy Carpenter predicts slow pacific cyclone season
Risk management and reinsurance firm Guy Carpenter has predicted a that tropical cyclone activity in the Western North Pacific will be below normal levels for the remainder of the year.
Amlin retains AM Best rating
AM Best has commented that the ratings of Amlin and its operating subsidiaries are unchanged.
Max Capital net income down $8.1m
Max Capital has reported net income of $36.4m for the first quarter, compared to net income of $44.5m for the first quarter of 2009.
Torus appoints construction underwriter
Global specialty insurer Torus has named Marina Moore as senior offshore construction underwriter.
Amlin retains AM Best rating
AM Best has commented that the ratings of Amlin and its operating subsidiaries are unchanged.
Post in print - 06 May 2010
Post news editor Mairi MacDonald provides a quick overview of this week's news, which includes, problems for the new government as it faces rehab lobby over lack of plans; Fortis and RBSI hailing the RTA portal link up success; Coverzones shutting shop…
Marsh targets Scottish financial institutions business
Marsh appoints Wendy Lamin as development executive in its financial and professional practice.