QBE Insurance Group
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.
Director fined for ignoring fraud attempt
A former director of Surety Guarantee Consultants has been fined £25 000, after the Financial Service Authority found he had "turned a blind eye" to some colleagues' efforts to defraud two London market insurers out of more than £2m.
Fitch warns Australian flood losses could "escalate substantially"
Fitch Ratings believes most of Australia's major non-life insurance companies have "reasonable protection" against the floods in Queensland and Northern New South Wales through catastrophe reinsurance.
FSA fines and bans director £25 000 for part in £2m London market fraud
The Financial Services Authority has fined Barry Williams £25 000 and banned him from working in regulated financial services for his part in a scheme that defrauded leading London market insurers of more than £2m.
Exclusive gender and risk assessment content now available on Post Europe
Post Europe’s last 2010 weekly update is now live with a look at the European Court of Justice’s decision on using gender as a risk factor will have on the insurance market, and a View from the Top that examines the importance of geographical data in…
Post Europe: The importance of geography
Geographical risk assessment has come on in leaps and bounds over the past 10 years. Insurers now have access to data across Europe that gives them the ability to pinpoint the locations of their insured risks better than ever before.
Interview - Roger Brown: Adding value for members
Roger Brown is nearing his second full year as managing director of the ECIC. Mairi MacDonald talks to him about the changes instigated and challenges ahead.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
General insurer review of the year: The nearly year
Jonathan Swift looks back over 12 months in which many market- changing events didn't materialise and finds out what industry leaders think may be in store for general insurance in 2011.
Ex-NIG head Timberlake joins QBE
QBE has appointed Cath Timberlake to the role of commercial manager of the Leeds office.
Market conditions behind MD's departure
Insurer QBE has cited a shift in the market as the reason behind its reshuffle that saw property managing director Bernard Mageean depart the firm last week.
Legal review of the year: Less doing more
Consolidation among insurance law firms was the hot topic for 2010, as they try to meet insurers' demands. Veronica Cowan reports on an interesting year.
Fusion adds D&O and engineering
Towergate-owned underwriter Fusion is poised for a move into directors' and officers' and engineering insurance sectors in 2011.
QBE names three European CUOs
QBE Insurance has appointed Ash Bathia, Colin O’Farrell and Jonathan Parry as chief underwriting officers of its European division, following the promotion of John Neal to chief executive of QBE Group Global Underwriting Operations.
Solicitors PI firms in the firing line as SRA begins ARP audit
A number of solicitors' professional indemnity insurers may see their declared premiums uplifted amid concerns cover was under-reported to avoid exposure to the assigned risks pool.