Insurer
Climate change – are insurers getting behind their own green policies?
With the general public becoming ‘bored’ by environmental issues, Veronica Cowan asks if insurers are really getting behind their own green policies.
Allianz calls on brokers to better BI basics
Allianz insurance has urged brokers to go “back to basics” to ensure more commercial customers are provided with adequate business interruption cover.
Catastrophe losses hold back Hardy profits
Hardy Underwriting’s profits halved to £10m during 2010, after it faced a string of international catastrophe losses with a net value of £37m.
Novae: UK corporation tax may force us to redomicile
Novae chief executive Matthew Fosh has said the UK’s economic landscape is set to force the insurer to redomicile, so it can remain competitive and yield bigger returns for shareholders.
Amlin blames earthquakes for £250m drop in profit
Amlin will monitor rate increases in earthquake zones in 2011, after blaming significant catastrophe activity for a £250m drop in profit for 2010.
ELTO pushes for 100% coverage
Ace has become the final major insurer to sign up to the employers’ Liability tracing Office.
LMIE aims for slice of mid-corp market
Liberty Mutual insurance Europe is targeting rivals Ace and Chubb for a larger slice of the mid-corporate market - a sector it believes will act as a “springboard” into the wider UK market.
EC plans to standardise tax
The European Council’s proposals to standardise taxes across member states could mean fewer insurance companies look to redomicile to countries such as Ireland.
New ABI DG to focus on consumer issues
The Association of British Insurers’ new director general has pledged to put consumer issues across general insurance and life & pensions at the centre of the organisation’s strategy.
Admiral not confused over aggregator
Admiral has vowed to retain Confused, despite the aggregator’s profit falling by 54% in the past three years.
Aviva gears up for telematics return as motor rates rise
Aviva has mooted reintroducing telematics technology for private cars during 2011, according to UK chief executive Mark Hodges.
Chaucer profits fall due to cat exposure
Chaucer has attributed its fall in profit and property underwriting loss to its exposure to global catastrophes.
Penny Black’s insurance week
Penny was fortunate to be sunning herself in southern Spain earlier this week. With only a mild case of sunburn to attend to, she was shocked to hear one of her insurer pals had experienced a rather more unfortunate injury on his holiday.
View from the top: an updating challenge
Well, spring has sprung and yet, with the exception of the personal lines motor market, there is still no sign of any rate-hardening green shoots.
Editor’s comment: two new faces to watch
With Google this week snapping up beat that Quote for a little under £40m, and web design firm Vast Visibility simultaneously buying two specialist bike and van price comparison sites, aggregators are very much the insurance ‘buy du jour’.
Web design firm buys motor comparison sites
Insurance comparison site The Bike Insurer has been acquired by web design firm Vast Visibility, Post has learnt.
Concern over Google buying BTQ
Google intends to run Beat That Quote as a separate business in the near term, following its £37.7m acquisition of the aggregator.
Aviva takes minority stake in rehabilitation firm HCML
Aviva Health UK has made a “significant” investment to secure a minority shareholding in rehabilitation firm HCML.
Aviva takes minority stake in HCML – Insurance News Now – 9 March 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories including Aviva Health’s “significant” investment to secure a minority shareholding in rehabilitation firm HCML.
Post Magazine – 10 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Duo joins Hiscox media team
Hiscox's UK technology and media team has appointed Jiveen Lal as senior technology & media underwriter – north, and Matthew Webb as senior technology & media underwriter - south.
SFO and police make arrests in connection with Kaupthing collapse
The Serious Fraud Office, City of London Police, Essex Police and Icelandic investigators have mounted search and arrest operations in London and Reykjavik.
CNA combines French and Italian operations
CNA Europe has formed a combined France & Italy operational region headed by Danilo Saitta.
CNA combines French and Italian operations
CNA Europe has formed a combined France & Italy operational region headed by Danilo Saitta.