News
MMA hails NU swoop
MMA has appointed Jason Beach to its team of key account managers. Mr Beach will be responsible for ...
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance ne...
Manslaughter deal reached
Employers must be fully aware of their responsibilities if the Corporate Manslaughter Bill is implem...
Capita seeks deals after 5500 start up
Capita CMGL has formed Lloyd's Syndicate 5500 to write the reinsurance-to-close of Syndicate 55, wit...
Kingslegal to double business
Litigation and commercial law specialist Kingslegal is hoping to double its book of business during ...
Marsh mid-market drive
Marsh has announced several senior sales appointments aimed at increasing its presence in the mid-ma...
Fitch backs Brit to remained disciplined
Fitch Ratings has today affirmed Brit Insurance's Insurer Financial Strength ("IFS") rating at 'A+', the subordinated notes issued by Brit Insurance Holdings plc ("BIH") at 'BBB' and the Issuer Default Rating ("IDR") of BIH at 'A-' (A minus). The Outlook…
Subsidence body unveils new chair
Rob Withers, managing director of the Withers Group has been appointed chairman of the Subsidence Forum, replacing John Parvin, Zurich’s subsidence claims manager. It is the first time a contractor has been voted in to this position and he is supported…
Marsh outlines 12 months affinity recruitment drive
Marsh today unveiled the appointments of Michelle Wimsey and Giles Davis to its UK affinity practice. Ms Wimsey and Mr Davis will be responsible for client management and development in the affinity team.
Aspen replaces private equity board departures
Bermudian (re)insurer Aspen has announced that Prakash Melwani and Kamil Salame will be stepping down from the Board. Mr. Melwani is a senior managing director of Blackstone's Private Equity Group and Mr. Salame is a partner of DLJ Merchant Banking…
Validus IPO priced at $22 a share
Bermudian reinsurer Validus Holdings has announced the pricing of its initial public offering of 15,244,888 common shares at $22.00 per common share.
Post pick of the week
Anthony Gould, group editor in chief insurance division provides a run down of the major news stories from tomorrow’s issue of Post Magazine including: First start-up in decades targets Lloyd’s investors; self-insured councils warned as flood bill rises;…
Erinaceous shares up as it confirms talks continue
Erinaceous Group has confirmed it remains in takeover talks ahead of its Annual General Meeting today. However, the company has yet to name any prospective bidders. The property and boking group has seen its share price rise 18 pence today to 235 pence…
Allianz seals major deal to insure City landmarks
Allianz Engineering has been selected to provide insurance and inspection services to the City of London, covering landmarks such as the Tower of London, the Barbican and Mansion House.
Markel receives upgrade
Markel International Insurance Company has been upgraded to an ‘A’ by rating agency A.M. Best – with a positive outlook assessment.
Moody's: Lloyd's increases policyholder security
Lloyd's of London's overall policyholder security in relation to syndicates currently trading at Lloyd's has improved materially in the past year from an already good basis, says Moody's Investors Service in a new report.
QBE boss O'Halloran hits out at 'archaic' Lloyd's
QBE confirmed today that it had withdrawn a proposed offer to buyout the remaining Names that participate on its specialist liability Syndicate 386, managed at Lloyd's under the Limit brand within QBE European Operations. It follows a rejection by the…
Erinaceous expected to confirm HBOS bid today
Erinaceous is expected to confirm it is in sale talks with HBOS at todays annual general meeting.
Construction industry warned over water escape
Over 70% of property professionals believe that the construction industry should take serious steps to reduce the instances of water escape on construction sites, according to a snapshot survey by Lockton’s real estate & construction division.
Survey underlines directors fear over personal litigation
Research out today from law firm Eversheds, highlights has found that 70% of UK company directors believe they faced increased personal liability compared to five years ago.
Recent floods not of 1947 scale claims RMS
Despite the widespread devastation caused by this summer's UK floods, the damage is not yet as costly as the March 1947 floods, which would have resulted in insured losses of £4.5 to £6 billion if it reoccurred today, according to Risk Management…
Indie trial - final day before break
The trial of the three former directors of Independent Insurance at Southwark Crown Court will resume on Monday 13 August.
Indie trial resumes on 13 August
The trial of the three former directors of Independent Insurance at Southwark Crown Court will resume on Monday 13 August. Our coverage of the trial will recomence on that date.
Condon: no role in reinsurance contracts
Philip Condon told the Serious Fraud Office under questioning that he had no real responsibility or involvement with regard to the insurer’s reinsurance contracts once the surplus treaty was replaced in 1997 with five core reinsurers. He said that he had…