Post - 2010-08-26
Articles in this issue
Post Magazine - 26 August 2010
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Neil Utley confirmed among Provident runners and riders
A source close to a consortium of insurance investors — including outgoing IAG UK chief executive Neil Utley — has confirmed it is among the frontrunners to buy motor insurer Provident.
Meehan throws hat in ring for senior Axa commercial role
Axa Insurance customer experience director Paul Meehan has expressed interest in filling the senior management vacancy in the company's commercial division.
Retail expansion key as Hiscox remains cautious
Hiscox plans to continue expanding its UK, mainland Europe and US retail businesses despite adopting a cautious outlook for the second half of 2010.
Chilean earthquake impacts Amlin profits
Amlin has reported a fall in profits of more than £70m after suffering large losses due to the Chilean earthquake.
Merlin cuts loss by £50m after refinancing
Loss adjusting group Merlin has admitted its ability to win new business has been significantly helped by its recent refinancing.
Rival insurers support Aviva composite stance
A host of fellow composites have backed Aviva in its war of words with RSA over whether the model's days are indeed numbered.
Call for solicitors to act as PI renewal deadline looms
Solicitors have been urged to get on with securing professional indemnity insurance with only a month left until the PI insurance renewal date.
Cox plans to build on Burrows' legacy
New Brit Insurance UK chief executive Ray Cox has insisted he will not "rest on his laurels" following his promotion from divisional underwriting director.
Long chase for true Brit
Little more than a month ago I mused on the vacant position of UK chief executive at Brit Insurance, as the insurer looked to replace Peter Burrows.
CII unveils pioneering pair
Chubb Europe has become the first insurance company to be granted corporate chartered insurer status by the Chartered Insurance Institute, following accreditation of its Manchester underwriting and service centre.
North of the Border: Waiver of proceedings
The recent opinion of Lord Glennie in the petition of Scottish Lion Insurance Company considered application of the principle of waiver to proceedings under section 899 of the Companies Act 2006. This is the first judicial finding on the application of…
Crawford acclaims 18:1 ROI in fraud detection
Crawford & Company is revamping its fraud investigation process in a bid to further improve its detection rate after new figures revealed it is generating a 45% increase in fraud savings for customers compared with 12 months ago.
North-west remains hotbed of UK 'cash for crash' fraud
The North-west is still the 'cash for crash' centre of the UK, despite Birmingham retaining its place at the top Insurance Fraud Bureau's regional hotspot league table.
View from the top: Changing for the better
The commercial insurance sector has seen five consecutive quarters of little or no price increases after nearly five years of steady decreases. These are challenging times for any commercial insurer or broker and when the top line isn't increasing, firms…
Postbox: Praise for BDMA training
I was delighted to see your feature highlighting the excellent work done by the British Damage Management Association
Climate change - flood defences: Manning the defences
With the government cutting the budget for flood and coastal risk management and the coming expiry of the Statement of Principles, Amy Ellis looks at the future of flood defence.
Climate change - renewable energy: Investing in the future
With high targets on reducing carbon emissions, Daniel Dunkley asks if the government has the political will to invest in renewable energy and how the insurance industry can benefit.
Climate change - renewable energy: Learning from mistakes
With the discovery of problems with the foundations of some offshore wind farms, Fraser McLachlan explains what the insurance industry can do to avoid repeating past mistakes.
Fire risks - kitchen ducts: Grease is the word
Improper cleaning of extraction units in the hospitality and catering sectors can cause devastating fires. Allister Smith looks at the facts.
Legal update - tax relief schemes: Ad hoc relief
The repeal of certain tax reliefs for investors has seen a spate of claims against professionals who advised on such transactions. Julian Miller and Tom Pangbourne look at the downfall of the system and its implications for the insurance industry.
Legal update - litigation funding: Containing the genie
The role of private litigation funding has become a live issue, with collective redress systems being proposed throughout Europe. Robert Hammesfahr explains why fears of abuse and soaring costs may be unfounded.
Legal update - motor claims: Expert handling
Contesting motor claims that seem grossly and deliberately exaggerated can be a tricky business. Roger Mackle examines two cases where fraud was alleged that had very different end results.
Career path - CII exams: Repairing reputation
Professionalism could prove the most potent weapon in improving the public's perception of the insurance industry. Niall Boyd details how the CII's examinations overhaul is playing its part.
Career development & CSR news: Ecclesiastical unveils 13% new business boost with sales academy
Ecclesiastical has claimed the creation of a sales academy for its development underwriters has boosted individuals' new business volumes by 13%.
Career development & CSR news: Lloyd's staff make sports day a success
Volunteers with the Lloyd's Community Programme have helped make a success of a sporting event in East London aimed at local children.
Career development & CSR news: LV raises £110 000 for charities
LV has raised £100 000 for Great Ormond Street Hospital and £10 000 for The Sparkle Appeal, a charity that helps children with disabilities.
Career development & CSR news: National Friendly pledges £10 000 to Lily Foundation
Healthcare insurer National Friendly has pledged to raise a minimum of £10 000 for the Lily Foundation over the next 12 months.
Postscript - 50 years ago: First female inspector appointed
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, this highlight from 50 years ago reveals.
Postscript - 30 years ago: Lockheed crash losses
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, this highlight from 30 years ago reveals.
Postscript - 10 years ago: Axa merger unveiled
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, this highlight from 10 years ago reveals.
Penny Black's insurance week
Ecclesiastical invited Penny and a bunch of insurance hacks for a snoop around Wellington Arch and Apsley House, home of the first Duke of Wellington, last week.
Law report: Judge overruled for neglecting to accept scientific evidence
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Defendant's breach of duty over noise measurements results in reversal
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Claimant judged to be telling truth over pavement slip
This law report has been contributed by national law firm Berrymans Lace Mawer.