Post - 2010-08-12
Articles in this issue
Sabre to join Provident on Tesco panel
Sabre is poised to join Provident Insurance on Tesco Bank's specialist motor panel, Post has learnt.
Axa and Aviva tread carefully as large commercial rates stagnate
Aviva and Axa have admitted the lack of rate hardening in commercial lines has dampened their appetite for some larger risks, at least in the short term.
RBSI CEO cries injustice as it is hit with 30 PPOs
Royal Bank of Scotland Insurance's decision to strengthen its reserves by £320m in lieu of bodily injury claims has contributed to an operating loss of £253m in the first six months of the year.
Axa chief hails 'one-off' CL opportunity
Axa Insurance is preparing to unveil a restructure of its commercial division after revenues in the first six months fell by 18% year-on-year.
Aviva looks to build on Santander tie-up
Aviva is set to build up its affinity partnerships, starting with the banking sector, by developing more cross-selling opportunities across its general insurance and life businesses.
Broker Network breaks 700-member mark
Broker Network has broken through the 700-member mark after adding more than 50 intermediaries to its proposition in the first half of 2010.
Now for Tow Compare
Go Compare has diversified its offering to include caravan insurance, with Towergate and NIG among its providers.
Parabis: insurers hit by investment cuts
Claims management firm Parabis is set to offer motor claims investigation services to insurers following the acquisition of Liverpool-based firm Motor Investigation Agency.
Editor's comment - RBSI: happy at home
Following the announcements of staff cuts and the possible withdrawal of NIG from personal lines, Royal Bank of Scotland Insurance showed its hand this week, and it was — to say the least — a little soiled by bodily injury claim losses.
First significant household fraud conviction
The imprisonment of two men for trying to defraud insurance companies for household claims worth more than £100 000 has been described as the industry's first significant conviction for household fraud.
Website Review: Admiral
In the latest of a new series for Post, web performance monitoring specialist Gomez runs the rule over Admiral's website to see how it performs in a number of key areas and stands up against some of its rivals.
Merlin and L&G admit surprise at claims inertia
Merlin Claims and Legal & General have expressed surprise that others have been slow to copy the claims partnership model they signed 16 months ago, given early results have exceeded expectations.
RSA CEO 'lonely' on rates
RSA's UK chief executive has admitted he is feeling "lonely" when it comes to commercial rate rises.
Groupama boss hails effort in stopping motor 'bleeding'
Groupama chief executive François-Xavier Boisseau has said the insurer has gone some way to stopping the "bleeding" of its private motor account, as it reported its results for the first half of 2010.
Deepwater Horizon prompts Catlin offshore energy u-turn
Catlin Group has reversed its decision to withdraw from the offshore energy market as the Deepwater Horizon disaster has caused rates to turn.
News analysis - accounting changes: A new standard
Afer a decade of delay, a truly international accounting standard for insurance contracts appears to be taking shape. Neil Coulson details the latest developments.
View from the top: Singing from same sheet
Despite being an industry that is not short of executives with opinion, and whose job is to take a view on risk, insurance collectively is a 'shrinking violet' — with no body or mechanism whose job it is to speak out on behalf of the industry.
Time to go back to basics on claims
How refreshing to see Adrian Brown, RSA UK CEO, openly express the view that insurers should actively seek to identify, recognise and pay claims that could properly fall under employers' liability policies issued, however long ago.
Public sector spending cuts: Cutting costs
The government's rumoured spending cuts look set to hit the public sector hard. Sam Barrett examines the implications for insurance and risk management in the market.
Controlling claims costs: The spirit of co-operation
With higher settlements and as claims costs rise, Bob Rabbitts praises insurers, claimant and defendant lawyers, and rehabilitation providers, for putting their differences aside to work together to provide consensus.
Cyber risks: Something in the air
The controversial Digital Economy Act has threatened the provision of free wireless internet access from the hospitality and retail industry. Mark Wilcox examines the risks faced by those that continue to provide the service.
Law report: Part 36 offer withdrawals underlined
This report has been supplied by national law firm Berrymans Lace Mawer.
Law report: MoJ success over medical negligence of prisoner
This law report was contributed by national law firm Berrymans Lace Mawer.
Law report: Court supports judge over fire fine for regulatory failures
This law report has been contributed by national law firm Berrymans Lace Mawer.
Time to test yourself
A selection of topical questions from the question banks of Ed.Learn - the CII@s online training resource.
Career development & CSR news: Record-breaking trek helps turn around 114 young lives
The insurance industry has raised a record-breaking £160 000 for youth charity The Prince's Trust, by taking part in a gruelling 10-day journey through Borneo.
Career development & CSR news: Chartis bike ride success
Lycra-clad Chartis employees were wheeled out to do their bit for charity by taking part in a London to Paris bike ride.
Penny Black's insurance week
Penny congratulates Neil Utley on his wedding in the grounds of his Cambridgeshire home at the weekend.
Postscript - 30 years ago: Warrants issued over oil fraud
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Postscript - 10 years ago: CGNU turns back on big risk business
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Postscript - 5 years ago: Aon feels hit of contingent revenue cut
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Post Magazine - 12 August 2010
The August 12 edition of Post magazine is now available to subscribers as a digital interactive e-book.
Admiral plans office move
Admiral Group has announced plans to move into a new 220 000sq ft headquarters in Cardiff city centre in 2014, which it claims will be the biggest pre-let office project ever seen in the Welsh capital.
Lloyd’s eyes overhaul of claims handling process
LLOYD’S is considering overhauling the way that claims are handled in the market as part of its ‘future processes’ initiative led by the London Market Group.
No job cuts at Autofocus
The new owner of Autofocus has pledged that there will be no redundancies after rescuing the business, just days after it went into administration.
Competition: Chelsea Auto Legends
Auto Windscreens would like to offer two lucky Post readers a pair of tickets to the inaugural Chelsea Auto Legends on Sunday 5 September.