Post - 2010-09-02
Articles in this issue
Confused not up for sale
Admiral has ruled out selling part or all of its aggregator arm Confused after it disappointed with its half-year results.
Corporates seek insurer credit rating assurances
Aviva is receiving a surge in enquiries from corporate clients worried about insurer credit ratings.
Argent confident over deal for rival adjuster
The man charged with overseeing the integration of loss adjusters Argent and Carmichaels has insisted the merger will succeed where similar deals have faltered.
3700 staff on tenterhooks as RBSI unveils closures
Rivals of Royal Bank of Scotland Insurance have outlined plans to recruit staff affected by the banking giant's decision to close more than half of its offices.
MGA to double footprint after recruitment drive
Glasgow-headquartered managing general agency Giant Risk Solutions is set to open new offices in Yorkshire and the South-west, with plans to widen its footprint throughout the UK.
Ecclesiastical blames Chilean earthquake for pre-tax loss
Ecclesiastical has revealed that exposure to the Chilean earthquake was predominantly responsible for its £9.9m pre-tax loss for the first half of 2010.
Imas: UK industry well placed to weather double dip
The UK insurance industry is well placed to weather a double dip in the recovery of the beleaguered UK financial services sector, Imas Corporate Advisors has claimed.
IAG defends ERS in face of report
Australian insurer IAG has defended its UK business Equity Red Star, insisting it will return to long- term profitability.
BIA offers women hope
Research released this week by the Chartered Management Institute to mark the 40th anniversary of The Equal Pay Act 1970, revealed equal pay within the insurance industry could still be more than 35 years away.
Women must be pragmatic if the gender salary gap is to close
Women must start taking the same pragmatic approach as men when applying for jobs if the gender salary gap is to close.
Fortis "well placed" to step in over motor void
Fortis UK chief executive Barry Smith believes the insurance group is well positioned to take advantage of the upheaval in the brokered private motor market.
Co-op boss expects 2010 profits to beat 2009
Co-operative Insurance chief executive David Neave has revealed he expects the insurer's 2010 profits to surpass those of 2009.
Admiral has a dig at scaremongering rivals
Admiral has achieved the "dream scenario" of growing policy volumes and margin in the first six months of 2010, according to chief operating officer David Stevens.
Interview - Ken MacDonald: Keeping it simple
As former chief exec of Aon Global UK, Ken MacDonald has been refreshed by a return to a private company. Lynn Rouse talks to Miller's head of corporate risks about triple-digit growth and targeting FTSE 250 firms.
View from the top: Time to share fraud data
Industry fraud statistics are normally presented as a good news story. Last year, insurers stopped 122 000 frauds, preventing payment of a huge £840m.
Postbox: Brokers don't need to be alone in tough times
As reported in The Daily Telegraph this week, Towergate's Peter Cullum has warned that too many businesses are "traumatised" by the recession and are failing to prepare for the future, and that now is the time to be planning "transformational changes…
UK-Indian traing relations: A passage to India
The UK has long looked at India as a trading partner, especially its outsourcing sector. Following a recent visit by a delegation led by the Prime Minister, Daniel Dunkley looks at how the insurance industry is building its own links with the country.
Broker focus - Premium liability: That boat has sailed
With the publication of Issues Paper Eight in July, the Law Commission set about addressing an anomaly that applies to marine insurance, which makes brokers responsible for paying their clients' premiums to underwriters. Rachel Gordon explains why it…
Law report: Paraplegic given interim payment for accommodation
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Furniture company director found liable for breach of trust
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Both sides rapped over request for information
This law report has been contributed by national law firm Berrymans Lace Mawer.
Career development & CSR news: Gender Salary Survey — Insuring against inequality
This year marks the 40th anniversary of the Equal Pay Act 1970. This should be an auspicious occasion but recent research from the Chartered Management Institute has revealed any celebration would be premature. Four decades on from when this legislation…
Career development & CSR news: Groupama and GCFB link up to provide training courses
Groupama Healthcare has teamed up with the Goldsmith Centre for Business to create a series of customer service training initiatives for employees.
Career development & CSR news: Pre-schoolers are taught to go green
Pre-school children are being encouraged to live more sustainably after The Green Insurance Company provided funding to extend the eco-schools programme to nursery schools and other early years establishments.
Penny Black's insurance week
Penny had a pleasant lunch at the RAC Club last week with one of her esteemed market contacts and was taken aback to hear their car had been stolen and they were having problems getting their claim paid by none other than Aviva. But that was only half…
Postscript - 50 years ago: Automatic payment sees interest
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Postscript - 30 years ago: Cornhill awareness is on the rise
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: Alex Forbes buys parts of Bradstock
Looking back 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.
Post Magazine – 02 September 2010
The latest issue of Post magazine is now available to subscribers as a digital interactive e-book.