News
Subprime worry sees Scottish Re downgraded again
Rating agency AM Best has downgraded the financial strength ratings of teh primary operating insurance subsidiaries of Life reinsurer Scottish Re to B (Fair) from B+ (Good) and its issuer credit ratings (ICR) to “bb” from “bbb-” of Best also downgraded…
Spiller in line for $7m payoff from Guy Carp departure
Ousted chief executive of Guy Carpenter David Spiller is in line for a cash and equity pay off worth $7m, Reinsurance magazine understands.
Highway reports 27% rise in profits
Highway has reported pre-tax profits of £24.3m for 2007 – an increase of 27% on the previous year.
Moorhouse launches new broker only HNW motor product
Moorhouse has added a new high net worth motor product for prestigious and high performance cars to its product range.
Broker adds new high net worth product
Moorhouse, a fast growing independent broker, has added a new high net worth motor product for prestigious and high performance cars to its product range.
Brit appoints onshore energy underwriter
Brit Insurance Holdings has announced the appointment of Ernesto Berger as onshore energy underwriter, working alongside John Bryce.
Axa reports growth in underlying earnings
Axa UK has said its underlying earnings for 2007 have grown by 15% to £354m.
Amlin unveils bumper 2007 but sees tougher 2008
Lloyd’s (re)insurer Amlin recorded record results as the mix of still-high pricing, strong investment income and a lack of catastrophe losses helped the firm increase full-year pretax profits by nearly 30% to £445m from £342.7m.
Spiller out as CEO of Guy Carpenter; Zaffino in
Marsh & McLennan Companies has today named Peter Zaffino as chief executive officer of Guy Carpenter, replacing David Spiller.
Norwich Union NWP falls 3%
Aviva this morning reported its UK general insurance business reported a total operating profit of £433m (2006: £1.1bn) including a contribution of £53m (2006: £37m) from its captive reinsurance operations and health business.
RBSI reports 9% slump in operating profit
Royal Bank of Scotland Insurance this morning reported a 9% decline in operating profit to £683m on stable income of £5.6bn. The insurance group was impacted to the tune of £274m by the floods.
Work life imbalance may have health impact
New research indicates that an overwhelming majority in the insurance sector regularly work over the...
Age Concern employee wins award
Carol Harris of the Eastleigh-based Age Concern home insurance contact centre, is the latest winner ...
Wahlen joins Allianz to head up development
Allianz Insurance has appointed Jost Wahlen as the company's new head of learning and development. ...
Darwin Rhodes launches in Brum with new offices
Specialist insurance recruitment firm Darwin Rhodes has launched in Birmingham with a new office and...
PB Week: No, the earth didn’t move for me
With reports that the earthquake which struck the UK in the early hours of Wednesday morning will cost insurers at least £10m, Charlie Thomas asks: “Did anyone else miss the big shake?”
Pick of the Week
Post reporter Alwynne Gwilt and editor Jonathan Swift provides a run down of the major news in this w...
Mediation to cut court costs
Anyone making a small claim will have to consider mediation before taking their case to court from A...
Post Online's top 10
The top 10 most popular stories on postonline.co.uk over the last week were: 1. 2000 Norwich Union ...
Appointment at UIB
UIB has appointed Philip Tuite-Dalton to the board of UIB Holdings. Mr Tuite-Dalton is currently UIB...
Investment firm nears 30% threshold in Jelf
Investment company 3I Quoted Private Equity has upped its stake in Jelf to 27.9%, it was revealed th...
Appointment at Beachcroft
Commercial law firm Beachcroft has announced the appointments of partner Ben Daniels, associate Vane...
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance ne...
Appointment at NMB
Newman Martin and Buchan has appointed Carolyn Bishop as a director of its energy division. Ms Bisho...