Zurich Insurance
Zurich: mutual court ruling erodes commercial market
Zurich has argued that a Supreme Court ruling over London councils' rights to obtain insurance cover via a self-funded mutual has undermined the value of a "vibrant and competitive commercial insurance market".
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.
Zurich chief blames PL for 11% drop in UK arm's profit
Zurich's UK general insurance chief executive Stephen Lewis has attributed its 11% year-on-year fall in top line premium and bottom line profit in 2010 to underperformance within the personal lines market.
Zurich appoints group HR head
Zurich Financial Services Group has appointed Peter Wright to the position of group head of Human Resources, effective 21 February.
RSA embroiled in legal row over ‘new credit hire’ – Insurance News Now – 17 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including how RSA has become embroiled in a legal spat with Provident over subrogated motor repair costs.
People moves – 17 February 2011
A round-up of people moves and new appointments in the industry, as featured in the 17 February 2011 edition of Post.
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.
Zurich UK GWP suffers $400m dip
The UK arm of insurer Zurich has announced gross written premiums of $2.8bn (£1.7bn) for 2010 - around $400m down on the sum for 2009.
Zurich GI profit falls 23% to $2.67bn due to major losses
Zurich has reported that its general insurance business operating profit fell 23% in 2010 to $2.67bn (£1.7bn) (2009: $3.46bn).
Schemes - Conception & construction: Special delivery
Setting up schemes to cover specialist sectors can be a lucrative business - but it requires brokers, insurers and customers to work together. Stephanie Denton looks at this evolving market.
Post Intelligence Benchmarking: How do insurers measure up in the high net worth market
High net worth clients demand a high standard of service, as do their brokers, but which insurers are delivering it? Peter Joy unveils the answer.
Claims Club news: FOS links lack of speed to training
The Financial Ombudsman has admitted that more works needs to be done to speed up cases to conclusion, once adjudication has been challenged.
Zurich seeks to reduce fleet claims through deal
Global driver-safety firm Greenroad has signed a deal with Zurich fleet client Iron Mountain to roll out its service across the UK.
Former UKDN employee lied
A former UK Drainage Network employee has been forced to retract claims that the company handed over shares to land a fulfilment contract, after admitting the allegations were false.
Public sector cuts: Risk management savings - a false economy?
The squeeze on public sector spending is about to get tighter. Jakki May examines the ways in which its employees, brokers and underwriters need to get the best out of insurance, without compromising quality.
RBS Insurance targets direct HNW market with ‘Select’ launch
Royal Bank of Scotland Insurance has launched into the mid and high-net-worth spaces with a single product/ multi-cover offering, which it plans to sell both direct in-house and through affinity partners.
Motor claims: Can insurers stem the rising cost of whiplash claims?
With 93% of GPs seeing patients they believe to have exaggerated injuries in order to make a claim, Leigh Jackson asks how insurers can stem the rising cost of whiplash cases.
Zurich European CEO appointed to the group board
Zurich has announced the appointment of Patrick Manley to its group management board.
Zurich European CEO appointed to the group board
Zurich has announced the appointment of Patrick Manley to its group management board.
Zurich names GCUK CEO
Zurich has named Ann Haugh chief executive officer Global Corporate in the United Kingdom (GCUK). Ms Haugh will take up the post on February 1 2011.
Coffey leaves Zurich
Zurich has confirmed that head of broker personal lines Mark Coffey has left the position less than 18 months after he was appointed.
Coffey leaves Zurich
Zurich has confirmed that head of broker personal lines Mark Coffey has left the position less than 18 months after he was appointed.
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.
Staysure to double headcount in push
Over-50s insurance provider Staysure plans to more than quadruple the premium of its newly launched motor and home products to £5m and double its headcount to 90.