News
Advent returns to strong profitability in 2006
Advent returned to strong profitability in 2006, benefiting from a benign year for catastrophes, with an after tax profit of £15.4 million and producing a good return to shareholders with a return on equity of 24.0%.
Arc expands Police's protection cover
Arc Legal Assistance (Arc) has claimed it now provides legal protection cover for 1 in 3 members of Police Federations in England and Wales, having been appointed on a further four schemes.
QBE sees 36% rise
QBE Insurance group has recorded operating profit after tax of $1,483m for the year ended 31 December 2006, an increase of 36% over the previous corresponding year.
Aviva profits could hit £3.5bn according to analysts straw poll
Aviva plc is to announce its 2006 preliminary results on Thursday 1 March 2007 at 0700 GMT.
Marsh and Company appoints chief executive
Commercial insurance broker Marsh & Company has announced the appointment of Rob Marsh to the newly created role of chief executive officer.
ITMU expands UK liability operations
Soon to celebrate its fifth anniversary ITMU (International Transport & Maritime Underwriters) is expanding its UK operations.
Peter Gluckstein joins Mondial UK
Mondial UK has appointed CRM expert, Peter Gluckstein. Prior to joining Mondial, Mr Gluckstein had retired from Direct Dialog, a B2B and B2C lead generation and direct marketing agency.
Aon warns businesses on environmental exposures
In the wake of the EU’s draft environmental crime directive, Aon is urging businesses to ensure that they have the appropriate systems in place to manage their potential environmental exposures. The directive could see companies facing fines of up to €1…
This is the week that was
A quick video guide to the main news in the general insurance sector this week as reported by Post Magazine. Ant Gould, editor in chief, provides a run down of the major stories including the sale of equity in Cooper Gay; Chubb fraud case; test case…
Bid defence brings Converium results forward
In what will be interpreted as a bold move in its defence of the hostile takeover bid from French reinsurer Scor, Swiss reinsurer Converium has brought forward its 2006 annual results by three weeks to 28 February.
Axa UK profits up 16% to £308m
In Axa UK & Ireland, underlying earnings of £308m for 2006 were 16% ahead of 2005 levels (£266m).
Claimant lawyer hails plaques payout
Field Fisher Waterhouse has won £26,000 damages for a client who suffers from pleural plaques, which according to the Court of Appeal should not be compensated in English Law.
Inspirational leadership
With only one in 10 employees currently believing their manager provides inspirational leadership, Jo Causon explores the core credentials needed to energise and excite today's workforce
Brokers celebrate success
A team of brokers were this week celebrating success after raising £5000 for the training of a new g...
Report uncovers the £66m business cost of tardy staff
A report has claimed that businesses are losing more than £66m a year for relatively minor and infre...
Pet-loving agent of the month
Yve Brosnan who works in Direct Line's contact centre is the latest winner of the Direct Excellence ...
Pick of the Week
Anthony Gould, editor in chief, Post provides a run down of the major stories including the sale of e...
Claimants regroup after court blow
After last week's landmark judgment in their favour, insurers are claiming more than a simple victory over industrial deafness. As Tanya Powley discovers, defendants believe their success has undermined the prospects of wider actions from the claimant…
Test case defeat fatal to claimants' future hopes
Victorious insurers have declared claimant lawyers' ability to fund high-profile actions has been se...
NU targets brokers in fresh schemes push
Insurance giant Norwich Union is set to grow its broker-schemes business, claiming that it now repre...
Appointment at Kaupthing Singer and Friedlander
Kaupthing Singer and Friedlander has appointed Stephen Stableford as regional sales manager (North),...
Dinosaurs still play the same old tune
Last week Thomas Cook surprised many with the announcement that it had decided to quit the Associati...
Penny black's insurance week
One hears broker Budget faces a colourful problem with its new office in Peterslee, Durham. Apparent...
Appointment at Whittington Group
Whittington Group has appointed Ross Bundey group general counsel with overall responsibility for al...