Post - 2011-08-11
Articles in this issue
Legal expenses - Commercial cover: Two sides to the story
With the legal expenses sector about to undergo a massive shake-up, Jakki May looks at the changes, why some are welcoming them with open arms and why others
Solvency II - Implementation day: Putting the brakes on
The timetables for two key initiatives that will affect insurers have slipped recently. Neil Coulson examines the implementation delays to both Solvency II and the international insurance accounting standard.
View from the top: The going gets tough
Tough is probably a rather English understatement to describe the state of the world — and the world of reinsurance and insurance — today.
People moves - 11 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 11 August 2011 edition of Post.
Interview - Keith Stern: Raising the regional profile of Lloyd's
Tasked with rejuvenating Lloyd’s in the UK, as others look to international expansion, Keith Stern talks to Leigh Jackson about raising its regional profile and how he plans to overcome some common misconceptions.
News analysis - Haste departure: Less Haste, more concern?
After nearly a decade as CEO of RSA, Andy Haste has announced he is to step down. Amy Ellis gets the market’s reaction and ponders his next move.
Career development & CSR: CFC triathlon teams raise £3000 for charity
Thousands of pounds were raised for charity as fighting fit employees from CFC Underwriting pushed themselves through the pain barrier at the Active London Triathlon. Months of training were put to good use during the gruelling annual event, which tested…
Career development & CSR: Mercury West staff prove they are Tough Guys
Iron-lunged brokers from Mercury West Associates proved they had the mettle to tame ‘the nettle’ after completing the Tough Guy Challenge.
Career development & CSR: Cunningham Lindsey cycles to success
A Cunningham Lindsey bike ride around the Peak District has raised £1200 for Macmillan Cancer Support, the loss adjuster’s chosen charity.
BIS Countdown - British Gas: A closer bond
British Gas Insurance launched in 2009 with ambitions to become a major player, and fast. Jonathan Swift talks to Chris Stern and Edward Dutton about the challenges and opportunities they have encountered to date.
Giles in bid to protect jobs after CBG buy
Expansionist broker Giles has vowed to protect jobs “where possible”, following the acquisition of Manchester-based broker CBG, which is expected to be finalised within two weeks.
Quadra lures back previous customers
A Manchester-based loss adjusting firm, created by the founders of Carr Greenwood Smith, has won back old customers UK General and Ecclesiastical following its split from Merlin in March last year and recruited more than a dozen employees.
Aviva rules out target change despite over-achieving
Aviva has pinpointed a much improved private motor result as being pivotal to it posting an above-target combined ratio of 96% (H1 2010: 98%) for its half-year UK general insurance business. But despite emphasising “strong continued momentum” in UK GI…
Solicitors’ PI squeezed further as Chartis exits new business
Chartis UK has blamed the high volume and cost of claims for its decision to stop writing new solicitors’ professional indemnity business this year but has not ruled out reversing its policy in the future.
2011 subsidence claims to cost industry £250m
The number of subsidence claims could reach 37 000 by the end of the year, costing the industry up to £250m.
Mitsui poaches Catlin pair in Midlands market push
Mitsui Sumitomo has enticed an underwriting duo from Catlin to spearhead its regional mid-market push in the Midlands, Post has learnt, having earlier lured a team from Chubb to build its presence in Ireland.
Insurance no ‘safe haven’ despite stock resilience
Leading analysts have warned insurers that the industry is not a “safe haven” for investors, despite share prices falling less than the stock market average of 5.5% since Friday 5 August.
Insurer estimates hit £750m as city riot damage racks up
RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims with the latest riot bill estimate hitting £750m, as Post went to press.
Target school leavers rather than graduates
I read with considerable interest the continuing tale of the shortage in the insurance industry’s talent pool.
Lloyd’s – China: Chasing the Chinese dream
As the world’s second largest economy, China is a tempting opportunity for insurers. Leigh Jackson reports on the key role being played by Lloyd’s, the difficulties in gaining traction and the reality checks on expectations.
Penny Black’s insurance week
Mooching around the insurance industry as she does, Penny is lucky enough to meet some fairly colourful characters.
Post history – 50 years ago: Insurer deal struck on flood cover
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.
Post history – 30 years ago: Experts insure vast gas platform
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.
Post history – 20 years ago: Disaster firms buckle in recession
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
Post Magazine – 11 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.