QBE Insurance Group
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.
Underwriting Service Awards 2010 - QBE scoops team of the year
Over 200 underwriters packed into the Grange City hotel in London last night for the inaugural Underwriting Service Awards from Post, rewarding excellence and achievement in general insurance underwriting.
QBE to acquire Ren Re for $275m
QBE is to acquire the US insurance operations of Renaissance Re.
Personal injury - Government reform: How far will they go?
With Lord Jackson's and Lord Young's reports both being delivered in close succession, the question is now whether or not the government has the appetite to deliver change to the personal injury space with some or all of the recommendations being…
Aussie giant Wesfarmers stalks Barbon in UK push
Wesfarmers is poised to become the latest Australian financial services giant to make a serious play for the UK market with a sizable acquisition.
Interview - Ray Cox: True Brit
Brit may have taken its time in naming a new UK CEO, but now Ray Cox is in place he tells Jonathan Swift he is eager to build on his forerunner's legacy.
Chartis revealed as largest solicitors' PI insurer at 2010 renewals
The Solicitors Regulation Authority has today confirmed that the total premium pool for the solicitor's professional indemnity market this year was £213.6m.
Aviva raids Allianz and GE Capital to bolster exec
Aviva has unveiled Helen Heslop as chief financial officer and Patrick Dixneuf as chief operations officer for Aviva Europe with effect from 1 January 2011.
Aviva raids Allianz and GE Capital to bolster exec
Aviva has unveiled Helen Heslop as chief financial officer and Patrick Dixneuf as chief operations officer for Aviva Europe with effect from 1 January 2011.
Advantage to stop underwriting external broker business from 2012
Hastings Insurance Services has confirmed that its major insurance partner Gibraltar-based Advantage is to cease underwriting underwriting business through brokers outside the group.
Advantage withdrawal causes concern to rivals
AA Insurance has expressed disappointment at Hastings Insurance Service's announcement that its major insurance partner, Gibraltar-based Advantage, is to cease writing external business.