News
Two year plaques legal battle reaches final leg
Zurich and Norwich Union will begin their final defence against claimants of pleural plaques on Mond...
Hitachi backs mortgage PPI market to show its worth
Hitachi Capital has launched its direct to consumer website, which allows brokers to white-label the...
Bright's defence: Indie bosses lost faith in claims handlers
Senior management of Independent Insurance did not believe that claims handlers were properly handling claims received by the company, writes Penny Sukhraj .
Bright's outburst over dumb insolence
Michael Bright labelled his most senior claims manager's behaviour as "dumb insolence", writes Penny Sukhraj .
Claims processing not a smooth rolling process
Patricia Clarkson took the strain on her third day in the witness box during the trial today as the former claims director was quizzed by Ian Winter QC over guidance notes that former chairman, Michael Bright, sought from her, writes Penny Sukhraj .
Max appoints new Bermuda president and CEO
Bermudian (re)insurer Max Capital Group has announced that Angelo M. Guagliano has been promoted to president and chief executive officer of Max Bermuda. Mr. Guagliano has also been appointed to Max Bermuda's board of directors, effective immediately.
COBRA could reduce share offering
For the latest news about COBRA's impending flotation, please visit June's PB Electronic at http://www.incisivemedia.com/probroking/electronic/June2007_bulletin.pdf
Witness frustrated at being shouted at
The senior claims manager at Independent Insurance had grown frustrated with being "shouted" at by the company's executives for the depressing GCD reports. Patricia Clarkson admitted her frustration with the constant referral to the GCD gap, during…
Countrywide property rebrands under Enterprise logo
Countrywide Property Inspections is to be re-branded Enterprise Insurance Services following its integration into the Enterprise Group.
Post pick of the week
Anthony Gould editor in chief of Post Magazine provides a run down of the major news in the general insurance sector including: Plaques legal battle reaches final leg; Axa to take advantage of Legal Services Bill; Government calls on insurers to help…
St Paul appoints UK non-exec chairman
Sir John Carter has been appointed non-executive chairman of St. Paul Travelers Insurance Company UK.
ABI figures reveal PMI sales on the up
For the first time in recent years, the number of subscribers to personal private medical insurance policies has grown year-on-year.
EDI progress heralded
During its financial year ended 31 May 2007, Open GI systems were used to write 2.2 million policies via EDI – an 8 % increase on the previous year. the software firm announced today.
FSA appoints new director of Retail Firms Division
The Financial Services Authority (FSA) has appointed Sheila Nicoll, currently deputy chief executive of the Investment Management Association (IMA), as its new director of the Retail Firms Division.
MPs urge parliament to do more on financial education
More than 80 Members of Parliament have signed a parliamentary motion recognising the achievements of the ifs School of Finance as the only provider of personal finance qualifications for 14-19 year olds.
Wilson replaced as FSA retail firms boss
The Financial Services Authority has appointed Sheila Nicoll, currently deputy chief executive of the investment management association, as its new director of the retail firms division.
Montpelier opens in Lloyd's to write US MGA business
Bermudian reinsurer Montpelier Re has announced that it has received approval from Lloyd’s for a new syndicate, to be known as Montpelier Syndicate 5151to start trading on July 1st 2007.
Capita loses executive director
Dermot Joyce has resigned from his position of executive director at Capita Insurance Services, Post has learnt.
Former CU boss given St Paul role
Sir John Carter has been appointed non-executive chairman of St Paul Travelers Insurance.
Restraunteur blames NIG for forced sale of business
Ian Fleming, owner of Glasgow restaurant, The Buttery, has announced the sale of his business, blaming insurer NIG for refusing his claim over a catastrophic fire last Christmas.
L&G ties up affinity deal
Legal & General has been appointed by Newcastle Building Society to provide exclusive household, mortgage payment protection and travel insurance cover to its mortgage and non-mortgage customers.
Indie Trial: over-reserving problem turned 180 degrees over time
Independent’s reserving position moved from one that appeared to routinely produce outstanding reserves that later settled at hefty discounts to one that by the end was producing reserves that were over-optimistic, writes Mark Geoghegan .
Indie over-reserving problem turned 180 degrees over time
Independent’s reserving position moved from one that appeared to routinely produce outstanding reserves that later settled at hefty discounts to one that by the end was producing reserves that were over-optimistic, writes Mark Geoghegan .
Royal & SunAlliance launches Truck products
Royal & SunAlliance (RSA) has launched a new Trucks product. Designed for small businesses, Trucks will provide insurance cover for commercial goods vehicles between three and a half and 18 tonnes, for companies running up to four vehicles.