Post - 2010-08-12
Sabre is poised to join Provident Insurance on Tesco Bank's specialist motor panel, Post has learnt.
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.
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 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 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 has broken through the 700-member mark after adding more than 50 intermediaries to its proposition in the first half of 2010.
Go Compare has diversified its offering to include caravan insurance, with Towergate and NIG among its providers.
Claims management firm Parabis is set to offer motor claims investigation services to insurers following the acquisition of Liverpool-based firm Motor Investigation Agency.
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.
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.
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 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's UK chief executive has admitted he is feeling "lonely" when it comes to commercial rate rises.
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.
Catlin Group has reversed its decision to withdraw from the offshore energy market as the Deepwater Horizon disaster has caused rates to turn.
Afer a decade of delay, a truly international accounting standard for insurance contracts appears to be taking shape. Neil Coulson details the latest developments.
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.
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.
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.
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.
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.
This report has been supplied by national law firm Berrymans Lace Mawer.
This law report was contributed by national law firm Berrymans Lace Mawer.
This law report has been contributed by national law firm Berrymans Lace Mawer.
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.
Lycra-clad Chartis employees were wheeled out to do their bit for charity by taking part in a London to Paris bike ride.
Penny congratulates Neil Utley on his wedding in the grounds of his Cambridgeshire home at the weekend.
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.
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.
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.
The August 12 edition of Post magazine is now available to subscribers as a digital interactive e-book.
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 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.
The new owner of Autofocus has pledged that there will be no redundancies after rescuing the business, just days after it went into administration.
Auto Windscreens would like to offer two lucky Post readers a pair of tickets to the inaugural Chelsea Auto Legends on Sunday 5 September.