News
Appointment at Sigma Claims Solutions
Sigma Claims Solutions has appointed Dale Hackett as senior liability adjuster and Ross MacKay as tr...
Post Magazine Claims Club: Rising Star Award 2007
The Post Claims Club will be making an award to the Claims Club Rising Star 2007 at its Annual Dinne...
Industrial deafness verdict: Zurich responds
His Honour Judge Inglis today dismissed all seven occupational deafness “test cases” formally known as the Nottinghamshire & Derbyshire Deafness Test Litigation, heard in the High Court, Nottingham. Zurich was the lead insurer in three of the seven test…
Advent results hit by bonuses and adverse prior year development
Lloyd’s property Catastrophe specialist Advent has unveiled 2006 results impacted by prior-year developments and employee bonuses totalling £2m.
Top jobs filled at new Aon office
Leading reinsurance broker Aon Re Global has announced the names of those who will head up its new regional office for Europe, Middle East and Africa.
This is the week that was
A quick guide to the major news in tomorrow's issue of Post Magazine presented by Anthony Gould, editor in chief. Stories covered include the latest on the 2012 Olympics; a landmark liability case; UK insurers win VAT reprieve; CEO leaves claims…
Arch cedes 17% of reinsurance business to sidecar in 4Q
Bermudian (re)insurer Arch has revealed that it ceded 16.9% of the gross written premiums of its reinsurance arm in the 2006 fourth quarter, compared to 4.5% a year earlier as it passed $35.3m ($61.8m on an earned basis) to its Flatiron Re sidecar.
Swiss Re retains 70% of GE business at 1/1
Global reinsurer Swiss Re has said it grew its non-life reinsurance portfolio by 14% in Swiss Franc terms over the 1/1 renewal season as it retained 70% of the GE Insurance Solutions non-life treaty business it acquired back in June 2005.
Industrial deafness verdict: Claimant firm to appeal
Sheffield solicitors Wake Smith, which bought the long-running noise induced hearing loss (industrial deafness) litigation, is set to appeal at least part of today's verdict.
Deafness test case found against claimants
Judge Inglis has this morning found against the claimants in all seven test cases of industrial deafness, relating to garment factories in the East Midlands.
Highway names date for CEO's return
Highway Insurance has today confirmed that Andrew Gibson has signed a formal service agreement that will see him return as Chief Executive Officer of Highway no later than 1June 2007.
Scor increases share in life sector
France’s biggest reinsurance company has reported an annual turnover of €4.06m during 2006 following its acquisition of life and health reinsurer, Revios.
IUA to launch PI Forum
The International Underwriting Association is to run a London Market group for professional indemnity underwriters. The Professional Indemnity Forum aims to promote sound principles for the best practice of professional indemnity insurance. It will…
PHP on acquistion spree
The Private Health Partnership, part of Skipton Building Society group, has completed a hat trick of acquisitions in two months by acquiring Surrey based Select Healthcare Independent Medical Benefits Consultants (Select Healthcare) for an undisclosed…
Pick of the Week
Anthony Gould, editor in chief.Post provides a run down of the major news this week including the lat...
OFT- refers the PPI market to the Competition Commission
The OFT has referred the UK payment protection insurance (PPI) market to the Competition Commission (CC) for further investigation. This decision comes after a period of public consultation following the OFT's earlier proposal to refer the PPI market to…
ABI – Unveils line up for its 2007 National Conference
The Association of British Insurers (ABI) has announced plans for its forthcoming national conference, which will take place at the QEII Conference Centre in Westminster on Thursday 10 May.
ABI - Comments on last weeks Business Plan 2007/08 by the FSA
Commenting on publication last week of the FSA’s Business Plan for 2007/8, Stephen Haddrill, Director General of the ABI (Association of British Insurers) said:
FSA – Business plan for 2007/08 focuses on more principles based regulation
The Financial Services Authority (FSA) last week published its Business Plan for 2007/8 which sets out its priorities for the coming year. The plan focuses on the organisation's move towards more principles-based regulation (MPBR).
BCWA research alleges failure to match PMI expectations
Private medical insurance companies that do not arrange medical treatment on behalf of their members are failing to meet public expectation, according to research revealed today.
QBE in new link up
QBE has announced a sponsorship with rugby premiership champions, Sale Sharks.
Ironshore gets A- start-up rating from AM Best
AM Best has assigned a financial strength rating of A- to Bob Clements’ latest Bermudian start-up insurance company Ironshore Insurance Ltd.. The outlook for the rating is stable.
FSA – Business plan for 2007/08 focuses on more principles based regulation
The Financial Services Authority (FSA) last week published its Business Plan for 2007/8 which sets out its priorities for the coming year. The plan focuses on the organisation's move towards more principles-based regulation (MPBR).
Cunningham Lindsey appoints valuation services manager
Cunningham Lindsey has appointed Sean Durden as valuation services manager with effect from 29 January 2007.