Post - 2011-01-20

WEF: insurers role 'vital' for global risk

Insurers have a critical role to play in tackling major global risks, including economic disparity and global governance failures, according to the Word Economic Forum.

View from the top: An historically good idea

With the private motor market effectively commoditised, now the spotlight for personal lines insurers is on the perceived El Dorado of the online SME market. We can be sure that a VW Golf that is built in Germany, China or Indonesia is of virtually…

Penny Black's insurance week

Maggie Craig is clearly considered a safe pair of hands by her colleagues at the Association of British Insurers, as she is currently seven months into her second tenure as acting director general.

Biba conference adds some Sugar

Aon president and chief executive Greg Case and businessman and TV star Lord Alan Sugar are to top the bill at this year's British Insurance Brokers' Association conference.

Speculation rife over Zurich's Quinn bid

Zurich has refused to comment on market speculation following reports that the Swiss insurer is the favourite to take Quinn Insurance out of administration.

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.

Taxation - IPT changes: A taxing issue across Europe

2011 brings with it many changes to insurance premium tax across Europe and a big headache for insurers operating locally in different countries or across multiple European territories. Edward Murray explains why it is crucial for insurers to stay on top…

Groupama u-turn over Liverpool office closure

Groupama is set to transfer the Liverpool and Glasgow-based commercial motor accounts of broker Choice Quote to its sister business Bollington, as part of a restructure of its GUK Broking Services arm.

Biba progress

The British Insurers Brokers' Association has met with the cabinet office to discuss business resilience ahead of a formal consultation document to take place in March.

Suncorp claims hit 10 000

Suncorp expects to have eroded between A$220m (£137m) and A$240m of retained costs under its aggregate reinsurance programme as a result of the Australian floods, as well as other natural hazard events during 2010.

Editor's comment: A whimper not a bang

Given that last week saw the government's transport select committee reconvene to discuss the thorny issue of rising motor premiums, it was somewhat bad timing — as far as the industry is concerned — that the Office of Fair Trading also emerged with…

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