News
Teceris promotes to avoid loss adjusting 'brain drain'
Teceris has promoted six staff to associate.
Post pick of the week
Post reporter Alwynne Gwilt and editor Jonathan Swift provide a run down of the major news in this week's issue of Post including: Giles facing a legal threat from a broker it acquired in 2006; why Peter Cullum and the private equity firm linked with…
New MMA prodcts available on Acturis
MMA Insurance has made its home and profile household products are now available to brokers with full cycle Electronic Data Interchange (EDI) functionality via the Acturis platform.
Royal and Sun Alliance to drop historic name
Royal and Sun Alliance has announced plans to rebrand.
Lloyds confirms Levene was asked to stay on as chairman
Lloyds has confirmed that its chairman Lord Levene has been asked to stay on as chairman of Lloyd’s as part of an overhaul of its corporate governance rules
HBOS general insurance profits down 24% after £135m flood hit
Halifax Bank of Scotland this morning reported that its general insurance profit decreased by 24% to £232m (2006 £304m) reflecting the £135m cost of the floods in June and July 2007, which it claims outweighed the "positive impact from good volume growth…
Marsh appoints forensic head
Marsh has appointed Neil Greaves as leader of its forensic accounting and claims services (FACS) Practice in the UK.
RSA reports £628m profit but UK commercial premium dips as it holds underwriting nerve
Royal and Sun Alliance this morning reported a profit after tax of £628m. This includes release of £103m of deferred tax reserves in Codan following the minority buyout.
Moody's: Surge in Middle East markets to continue
Ratings agency Moody's has said that rates of growth of insurance premiums in the Middle East region have been far in excess of those registered globally in recent years and the trend is set to continue.
Ace recruits senior duo
Ace has announced the appointment of two new senior underwriters in its Glasgow branch.
Aggregator slams Direct Line 'offer'
Internet aggregator Gocompare.com has slated Direct Lines latest market offering.
Lloyd's named as one of UK's strongest brands
Lloyd's has been named as one of the strongest business brands in the UK.
IGI refines caravan policy
Specialist UK general insurer IGI has revamped its touring caravan product.
Willis takes terrorism insurance talks to Middle East
Despite a number of recent terrorist attacks occurring on Middle East and North African soil, the take-up of terrorism insurance by companies in the region is still extremely low, according to Willis.
Aon says intends to take over Nymex contract in Gallagher Re buyout
Aon has said that it intends to take over Gallagher Re's Nymex derivatives contract as part of its $30m takeover over the group.
ARC reports downturn in UK run off liabilities
The Association of Runoff Companies today gave its annual sector overview at the 2008 ARC Congress.
Aon releases airline industry report
The airline insurance market was broadly unprofitable in 2007, according to Aon.
IGI revamps touring caravan product
Specialist UK general insurer, IGI, has revamped its touring caravan product.
Select & Protect launches Affinity Partnership Programme
Select & Protect, the provider of General Insurance products to the financial services marketplace, has launched its Affinity Partnership Programme (www.select-protect.co.uk/affinity) aimed at giving companies control when offering tailor made GI…
Brown and Brown's UK arm raids AJ Gallagher for start up team
Brown and Brown has confirmed some more details about Decus Insurance Brokers, its new UK subsidiary first reported in Post on 14 February.
National oil companies face news risks says Marsh
National oil companies are facing a whole new set of business-critical risks they need to be adequately prepared for, Marsh chief executive officer, Dan Glaser, has warned.
QBE sees European business GWP fall slightly
QBE Europe saw gross written premium reduced by 4% to Aus $5137m (£2421m)and gross earned premium reduced by 1% to Aus $5158m in 2007.
Broker opens three new offices
The Huntington-based broker Coversure has announced the opening of three premises in Chesterfield, Andover and Hertford.
Former insurance directors convicted of $500m AIG fraud
Five former insurance executives have been convicted of fraud after an accounting scandal involving AIG and Berkshire Hathaway unit, General Re.