News
RBSI linked with multi-million pound SME push
Royal Bank of Scotland Insurance is primed for growth after it emerged it is set to enter the direct...
IFB outlines 12 month figures
The Insurance Fraud Bureau has made 74 arrests in its first year of operation with £5.5m of assets s...
L&G rules out rating action despite £78m household hit
Legal and General has vowed to remain in the household market and not increase rates, despite report...
Green buildings place pressure on insurers
Political pressure to construct greener buildings could have a serious impact on the insurance indus...
Xbroker facility not for sale
Welsh underwriter Moorhouse has no plans to sell or list its Xbroker facility, according to group ch...
Axa triggers broker storm after 'direct is best' letter
AXA has been forced to issue a grovelling apology after it admitted it made a "huge mistake" sending...
Lloyd's snubs QBE reform calls
Lloyd's has indicated there will be no change to the annual venture system after QBE blasted it for ...
Arista adds to T&P
Arista has launched a contractors combined policy to add to its tradesmen and professionals products...
NU book under threat as Santander enters UK
Spanish banking group Santander plans to establish a new UK-based insurance company from next year i...
What the papers said this week
The Guardian A dentist who implanted temporary fake boar tusks into an assistant's mouth while sh...
Penny black's insurance week
Only group founder Andrew Georgiou is currently weighing up the possibility of a celebrity-fronted c...
Aon ponders insurance company sale as revenues rise 6%
Revenues at Aon's UK Risk Consulting business increased 14% for the second quarter of 2007, to $218m (£107m) with organic growth of 6% excluding contingent commissions. The broking group has also announced it could sell its underwriting division,…
Ascot opens Texas office
Ascot Underwriting has announced it is opening a new office in Houston, Texas.
British Insurance launches MPPI line with Assurant
British Insurance has launched a new mortgage payment protection insurance product with 30, 60 or 90 day excess periods, in addition to its existing back to day one offering. Assurant Solutions has designed and underwritten the product and will be…
Post pick of the week
Jonathan Swift, editor of Post Magazine provides a quick run down of some of the major news in tomorrow’s issue of Post Magazine including: NU book under threat as Santander enters UK; Royal Bank of Scotland Insurance linked with multi-million pound SME…
Markel opens Singapore office
Markel International has announced its plans to open for business in Singapore, its first move into Asia.
Santander reveals UK insurance ambitions
Spanish banking group Stantander has confirmed it plans to establish a new UK-based insurance company from next year. As revealed in tomorrow's edition of Post , the group's UK subsidiary Abbey said Santander has decided to "leverage the expertise of its…
Markel reports increase in diluted net income
Markel reported a 33% increase in diluted net income per share to $12.15 for the quarter ended June 30, 2007 from $9.11 for the same period in 2006.
Esure appeals mouse on wheels court decision
The two-year patent fight between Esure and Direct Line is set to continue as Esure appealed a recent High Court decision, Post learnt.
GAB wins major Halifax account
GAB Robins has been appointed by Halifax General Insurance Services to provide subsidence expertise.
Highway completes withdrawal
Highway has completed its exit from Lloyd’s following closure of its former Lloyd’s Syndicates
Highway completes exit from Lloyd’s following closure of Lloyd’s Syndicates
The Board of Highway Insurance Holdings (Highway) has obtained Court approval for the transfer of the business of Lloyd’s Syndicates 37 and 2037 to Highway Insurance Company, pursuant to Part VII of the Financial Services and Markets Act 2000 (the …
HBoS sees GI profits dip 34% despite motor growth
Halifax Bank of Scotland this morning reported a general insurance profit of £107m for the first half of 2007, £56m (34%) lower than the first half of 2006 (H1 2006 £163m) reflecting the cost of two major weather events in the first half of 2007.
JLT warns market conditions worse than expected as it unveils half year results
JLT this morning reported pre-tax profit of £76.6m (2006: restated £46.9m) on a slightly increased turnover of £244.7m. This includes an exceptional gain of £29.7m arising on the completion of the merger of French associate SIACI with Assurances et…