Post magazine – 11 September 2013
This week's issue of Post is now available to subscribers.
In this week's Post, the market valuation of Capita's for sale personal lines brokers businesses expect to prove disappointing.
Poor performace in the outsourcing specialist's general insurance operation has analysts predicting that the three businesses, Lancaster, BDML Connect and Hero, could go at knock-down prices.
In other news proposals to block brokers deals with unrated insurers have fallen at the first hurdle with the British Insurance Brokers' Association and Chartered Insurance Institute refusing to endorse them; redundancies are predicted as Gallagher seeks synergies following Giles deal; and Biba urges the Financial Conduct Authority to leave brokers out of complaints review and focus on insurers.
In a round-up of news for Post Claims Club Callum Brodie explains why the English 'one size fits all' fatality claims set up might appeal to Scotland and highlights pregnant workers being exempt from 'game changing' legisaltion.
In this week's View from the Top, Simon McGinn, general manager at Allianz Commercial, warns the market might be getting ahead of itself after seeing improved half year combined operating ratios.
Six months into his role as president of Allied World Julian James talks to senior reporter Mark Sands about how he is targeting new lines and new regions as he plans to build a bigger and stronger business.
In the first of our two features Eric Alexander highlights the issues affecting marine insurers including long-term sustainability ahead of this year's International Union of Marine Insurance; while reporter Carolina Parra-Serrano asks what the industry has learnt from the Pipa Alpha oil platform disaster 25 years on.
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