Insurer
Beazley reveals $24m half year loss
Beazley has announced a $24m half-yearly loss due to its $154m catastrophe losses earlier this year taking its combined ratio to 108%. It has hired Axa’s Dennis Holt to replace Jonathan Agnew as chairman.
Excess policy launched for brokers
Adding1 has launched a policy that allows insureds to reclaim their policy excess charges on the Acturis broker platform.
NFU Mutual subsidiary acquires Channel Island broker
NFU Mutual bosses have confirmed that one of its subsidiary companies – Island Insurance – has acquired Reed Insurance Associates in the Channel Islands.
Insurance IT provider Sapiens merges with aim to reach $100m revenues
Sapiens International Corporation, a global provider of innovative software solutions for the insurance industry, has signed a definitive agreement to acquire FIS Software and IDIT I.D.I. Technologies, both providers of software solutions for the…
Ace makes Continental appointments
Ace has promoted Andreas Wania from Central and Eastern Europe manager to chief operating officer for Ace Germany and will be based in Ace’s Frankfurt office.
Report finds insurance capacity remains buoyant in Europe
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa, however, in some areas rates have increased, and insurers have tightened their policy terms and conditions in the second quarter…
Lawyer speaks out over Willis fine
Osborne Clark partner Tim Boyce has commented on the record multi-million pound fine imposed on Willis by the FSA.
Rehab Awards 2011: finalists announced
The shortlist for the 2011 Rehabilitation First Awards has now been revealed. This event, now in its 7th year, recognises and rewards excellence across the market. The celebrations will take place on Friday 16 September 2011.
Helphire and Hastings renew terms
Helphire Group has renewed terms with Hastings Insurance Services to provide Hastings’ motor insurance customers with replacement vehicle services in the event of non-fault accidents.
JLT warns pharma firms of non-damage risks
Broker JLT claims regulatory fears, intellectual property risks and counterfeiting are driving demand for its EPIC non-damage business interruption product developed for the life science and pharmaceuticals market
First Assist keeps Halifax travel business
White label insurance provider First Assist has retained the travel insurance business tendered by Halifax.
Euler Hermes links with Mapfre
Spanish insurance giant Mapfre and Allianz-owned Euler Hermes have signed a memorandum of understanding to build a strategic alliance aimed at jointly developing their credit and bond insurance business in Spain, Portugal and Latin America.
Euler Hermes links with Mapfre
Spanish insurance giant Mapfre and Allianz-owned Euler Hermes have signed a memorandum of understanding to build a strategic alliance aimed at jointly developing their credit and bond insurance business in Spain, Portugal and Latin America.
Axa may create more management roles
Axa has not ruled out creating more senior management roles within its commercial lines division after appointing former Towergate director Max Curruthers to the new role of chief operating officer.
Sport - Rugby World Cup: Shaken but not stirred
Robert Barron and Michael Owen look at the impact of the Christchurch earthquake on this year's Rugby World Cup and the lessons for contingency specialists involved in other major sporting events.
View from the top: More than just words
Tech companies push the boundaries of what is conceivable, while media groups walk a legal tightrope to publish good stories. That's why their insurers and brokers must work so hard to keep up with their clients' risks.
Ageas motor deal 'proves importance'
Ageas chief executive Barry Smith has said its five-year deal with General Motor's Vauxhall and Chevrolet brands proves that the motor sector remains "crucially important".
Postbox: Fraud unit funding not a floodgate
Your front page headline 'Insurers fear £9m fraud unit will prompt further cash calls' is somewhat alarmist.
NFU fraud manager jailed for £410 000 scam
NFU Mutual's financial crime manager has said the insurer has a "zero tolerance" stance against fraud, after one of its fraud managers was jailed for three years and four months after conning it out of £410 000 over six years.
Public sector - Insurance procurement: Strength in numbers?
Will the Insurance London Consortium succeed where its predecessor failed and provide the blueprint for public sector procurement? asks Edward Murray.
Co-operative confirms dedication to GI market
Co-operative Financial Services has claimed general insurance remains "integral" to its business, after announcing plans to shed 750 jobs and sell off its life insurance business.
ARM courts new M4 clients
Aspen Risk Management managing director Kevin Pallett has pledged to open discussions with approximately 100 brokers in the coming weeks, after the firm agreed the purchase of commercial insurance renewal rights from M4 Underwriting.
The claimant's view: referral fee reality check
In last week's Post, Laurent Matras proposed banning all forms of referral fees paid by lawyers and to replace them with a non-profit making organisation to centralise and allocate demand to supply.
Penny Black's insurance week
Penny thought she got invited to all the best gigs, but clearly her invitation to Markerstudy's 10th anniversary bash at The Savoy was lost in the post.