QBE Insurance Group
QBE Europe improves COR
QBE Insurance Europe has announced an improved combined operating ratio of 90.5% (2009: 91.3%) despite being hit by the Chilean earthquake and Deepwater Horizon drilling rig incident.
QBE admits it is lead insurer for crash victim Kubica
QBE has confirmed it is the lead insurer for Formula One racing driver Robert Kubica, who was involved in a near-fatal rally car crash this month.
North of the Border: The underwriter knows best
In a recent decision, the Court of Session has reiterated that clauses in insurance contracts require to be interpreted in a commercially sensible way and it is the commercial sense of the reasonable underwriter that counts.
Dual appoints property head
Dual Corporate Risks has appointed Markel's former international property division managing director to run its international property business.
Exclusive Climate change content now available on Post Europe
Post Europe’s weekly update is now live with an article discussing the outcomes from the recent climate change conference in Cancun; and an interview with QBE’s general manager for Central and Eastern Europe Petko Tonchev on the issues in the region.
The Post Europe Interview: Petko Tonchev
Petko Tonchev, general manager for Central and Eastern Europe for QBE European Operations, answers Post Europe’s questions.
Insurers attack 'reckless' NIG guarantee
Key players in the commercial insurance market have rounded on NIG's recent 'guarantee to beat' commercial strategy for NIG Network customers.
QBE: Commercial motor market in poor state
QBE has warned brokers that rates in the commercial motor market need to rise by 20% if the sector is to avoid the pitfalls experienced by the personal lines market.
Legal expenses: The end of after-the-event insurance?
The Jackson Report could see the end of after-the-event insurance. Veronica Cowan canvasses the views of those in the industry to find out if the market would still be viable.
NIG defends aggressive “Guarantee to Beat” pricing campaign
Dave Parry, director of sales and distribution at NIG, has defended the firm’s March/April “Guarantee to Beat” pricing strategy, recently advertised to brokers.
In series - Georgraphy & Solvency II: A new way of looking
A better understanding and quantification of risk portfolios will be provided by Solvency II. Sam Barrett assesses the benefits and potential pitfalls.
QBE strikes $700m Bank of America insurance agreement, acquires BOA arm
QBE has entered into an initial ten year distribution agreement with Bank of America for lender placed and voluntary homeowners, contents, motor and other related consumer lines and associated services.
QBE reveals $245m weather hit, but profit in line with expectation
QBE has announced that its 2010 net profit after tax in line with market expectations after a record underwriting profit but a lower insurance margin from continuing low interest yields in the US and UK.
QBE halts share trades as it is linked with $2bn US acquisition
QBE Insurance is in talks to buy US insurer Balboa from Bank of America , according to reports.
In series - Geography & Solvency II: Accurate data is key to Solvency II requirements
The need for more accurate data and improved infrastructure is occupying insurers' Solvency II teams. However, Sam Barrett finds that UK firms are well prepared when it comes to accuracy of information.
People moves – 3 February 2011
A round-up of people moves and new appointments in the industry, as featured in the 3 February 2011 edition of Post.
Everatt buy makes Parabis a £100m turnover company
Parabis Law has expanded its defendant insurance operation and secured a foothold in the Midlands after completing a takeover of Everatt & Company.
Former HBOS insurance CEO Posner take up new exec role
Former Halifax Bank of Scotland General Insurance chief executive Howard Posner has taken up the newly-created position of chairman at claims management firm LAS.
Crossrail signs nine-year no-break deal with Zurich, Ace and Swiss Re
The £15.9bn Crossrail construction project has become the first of its kind to negotiate a nine-year insurance policy to be placed in the global insurance market without a break clause.
Suncorp claims hit 10 000
Suncorp expects to have eroded between A$220m (£137m) and A$240m of retained costs under its aggregate reinsurance programme as a result of the Australian floods, as well as other natural hazard events during 2010.
Ex-HBOS GI CEO Posner takes new chair role
Former Halifax Bank of Scotland General Insurance chief executive Howard Posner has taken up the newly-created position of chairman at claims management firm LAS.
QBE confirms UK casualty claims boss appointment
QBE has confirmed the appointment of Donna Claydon to the role of head of UK casualty claims.
QBE sells US subsidiary to Catlin
Catlin has acquired Blue Ridge Insurance Company from QBE Insurance Group.
QBE adds three to trade credit team
QBE has confirmed three new appointments to its trade credit team.