News
Penny Black's insurance week
Penny is a keen watcher of the markets, and anyone that says there is no money in insurance is a mug...
Underwrite the future: Carbon offset
As part of Post's Underwrite the Future campaign, we asked Hardy Underwriting to explain why it has embraced carbon offsetting and how it went about it
This is the week that was
Anthony Gould, editor in chief of Post runs through this week’s major news stories from tomorrow's issue: UK insurers fearful over terror pool proposals; Primary sets sights on sale of subsidiary; Layton Blackham hands Norwich Union 40% to claim…
RSA bosses in share windfall
Royal and Sun Alliance has awarded group chief executive Andy Haste shares under the firm's incentive plan worth in excess of £1.1m. The news comes as the group awarded a string of board directors including UK chief executive Bridget Mcintyre with shares…
Sterling wins PPI and GAP contract with Fiat dealerships
Sterling Insurance Group has been selected by Fiat Auto Financial Services as the sole provider of its payment protection and guaranteed asset protection products across the Fiat and Alfa Romeo dealer network.
Sterling selected as provider of Payment Protection to Fiat
Sterling Insurance has launched with Fiat Auto Financial Services as the sole provider of their payment protection and Guaranteed Asset Protection (GAP) products across the Fiat and Alfa Romeo dealer network.
Axa reveals cost of recent broker buys
Axa has revealed that the final cost of Layton Blackham, Stuart Alexander and Swiftcover could reach £328.5m.
Iraq images and foiled attacks fuel demand for terrorism insurance
A combination of increased capacity, more predictable premium rates and innovative programme design is creating steady growth in the take up of stand-alone terrorism insurance, according to Aon’s latest ‘Stand-alone terrorism market update’.
RSA hires C&W for five year comms network contract
Royal and Sun Alliance has awarded Cable & Wireless a five-year multi-million pound contract for network outsource and a transformed hosted IP infrastructure.
Cooper Gay invests in Argentine operation
Cooper Gay has taken a shareholding in Reinsurance.com.ar, a reinsurance broker based in Miami and Buenos Aires. Guillermo Pastore, an experienced market practitioner with more than 20 years insurance and reinsurance experience, is CEO of the operation.
Arch Re sets up property Fac unit
Bermudian reinsurer Arch Re has announced the establishment of a new underwriting subsidiary, Arch Re Facultative Underwriters Inc.
Demand for stand-alone terrorism insurance continues to grow
A combination of increased capacity, more predictable premium rates and innovative programme design is creating steady growth in the take up of stand-alone terrorism insurance, according to Aon’s latest ‘Stand-alone terrorism market update’.
April's PB mid month bulletin
For an interview with Ashley Canning, managing director of Keelan Westall and all the latest news, see April's PB Electronic, Professional Broking's mid month bulletin, at: www.incisivemedia.com/probroking/electronic/April2007_bulletin.pdf
Bathurst made Argenta CEO
Lloyd's managing agent Argenta has made its second high profile appointment in a week, announcing Andrew Bathurst will be joining as chief executive officer.
Glencairn and Park London merge accounts
Glencairn and Park London today announced the completion of a transfer agreement under which the majority of Park London’s insurance and reinsurance accounts move to Glencairn.
Law suit "unfounded" claims Scor
Scor has claimed allegations it treated rival reinsurance company Converium’s US shareholders unfairly during a hostile takeover bid are “unfounded”.
FSA finds many small firms are not acting on the advice
Small firms using compliance consultants should act on the advice they are given if it would help them comply with their regulatory requirements, according to the Financial Services Authority (FSA).
Crawford hires Noble in customer service role from GAB
Crawford and Company UK has appointed Vic Noble as national customer service manager for its UK property operations.
Converium files suit in Scor takeover battle
The battle between reinsurers Converium and Scor intensified today after a law suit was launched against the hostile bidders in the US. According to a statement from Converium this morning, on April 16, 2007, Converium filed a complaint in the United…
Giles buys £13m North West broker
Consolidator Giles Insurance has completed its fourth acquisition since its management buy out in July 2006 by acquiring Wigan-based broker Kerwin Smith.
Global outsourcer Mastek opens giant Indian centre for UK insurance clients
Mastek, the global software solutions and applications development specialist, has today launched a 5000-seat operations centre in Chennai, India which will serve the company’s clients in the UK and global insurance markets.
Liv Vic broking business ABC confirms June launch date
ABC Insurance, headed by former NIG chief, Phil Bunker, has confirmed its plans to launch in the broker market in June 2007. The business, part of the LV= Group, will initially employ up 30 people in its new headquarters in Croydon.
Primary General launches Motor Trade Combined Policy
Primary General has launched Motor Trade Combined Policy(Motor Trade), a comprehensive policy covering a broad range of motor trade risks.
Claims Club Rising Star Awards
This week is your last chance to nominate one of your claims staff for the Post Claims Club Rising Star Award 2007. The award is designed to recognise emerging talent within insurance company claims departments, whose mix of technical and managerial…