Insurer
Hyperion chair: IPO on track after 41% leap in EBITDA
Hyperion, the international insurance and re-insurance distribution group saw revenue increase 26% to £72.2m (2009: £57.2m) and EBITDA, excluding non-recurring items, rise by 41% to £12m (2009: £8.5m) for the year ended 30th September 2010.
Brit share deal extended for seventh time
The deadline by which Brit shareholders can accept or decline Achilles offer for the company has been extended yet again.
People moves – 17 February 2011
A round-up of people moves and new appointments in the industry, as featured in the 17 February 2011 edition of Post.
Equinox Global announces two senior hires
Equinox Global has announced two new senior appointments. Gauray Ganguly has been recruited to head risk strategy, and Marian Berden takes up the role of senior credit and macro analyst at the trade credit insurer.
Government "failing to see bigger picture" on justice reform
President of the Association of Personal Injury Lawyers, Muiris Lyons, is set to announce that the reforms of the civil justice system which focus on costs, fail to consider the “bigger picture” for injured people.
Court rules on Bent credit hire re-trial
Cambridge County Court has ruled that the £63 000 in credit hire fees claimed by Darren Bent following a road traffic accident could have been at least £20 000 lower if the Premier League footballer shopped around.
Auto Windscreens calls in administrators after cash flow problems
Auto Windscreens, which replaces and repairs vehicle glass, has entered administration just over two years after it was sold by Aviva.
Martin Shepperson joins Tokio Marine Europe
Tokio Marine Europe has appointed a new member of staff in its Birmingham office.
Hiscox accuses claimant law firms of "manipulating" legal costs
Hiscox has accused some claimant law firms of “manipulating and inflating costs" in defamation and privacy cases.
Jackson Review: Thompsons warns of recoverability “threat”
Thompsons Solicitors has warned that ending the recoverability of success fees will have a “hugely negative” impact on claimant lawyers.
Insurers tighten belt on business claims
Claim Experts has called on policyholders to take simple steps to improve the chances of a full payout if disaster strikes.
Cutting legal aid and restricting CFAs would create a “perfect storm”
The Association of Personal Injury lawyers has responded to the government’s consultations on legal aid and civil litigation funding and costs, which both close today.
Exeter Family Friendly adds products to Insurance Resource portal
Private medical insurer Exeter Family Friendly has made its ‘Health Cover for Me’ plan available on intermediary portal Insurance Resource.
Aviva agrees online trading deal
Online wholesaler Policyfast has struck an exclusive deal to provide Aviva Homework cover through the broker market.
Quinn sale uncertain in wake of election
Irish papers have reported that the sale of Quinn Insurance looks set to be delayed until after the general election.
Quinn sale uncertain in wake of election
Irish papers have reported that the sale of Quinn Insurance looks set to be delayed until after the general election.
Ace appoints multinational claims client executive
Ace has appointed Graham Chesman as multinational claims client executive for the Ace European group.
Ace appoints multinational claims client executive
Ace has appointed Graham Chesman as multinational claims client executive for the Ace European group.
Amlin boss warns insurers could quit UK over Solvency II "gold plating"
Amlin chief executive Charles Philipps has warned his firm could relocate overseas because of Solvency II.
Amlin boss warns insurers could quit UK over Solvency II "gold plating"
Amlin chief executive Charles Philipps has warned his firm could relocate overseas because of Solvency II.
IAG buys reserve deterioration reinsurance for UK arm after $121m loss
Insurance Australia Group has conceded that it will report "a greater than expected insurance loss" of $121m (£76m) from its UK operation when it unveils its half year results on 24 February 2011.
First Assist selects new intellectual property manager
FirstAssist Legal Protection has appointed of Bob Knock as Intellectual Property Product Manager as part of its strategy to support further growth in the IP market.
Euler Hermes backs government ECGD products
Credit insurer Euler Hermes has cautiously welcomed the government’s plans to launch a series of new ECGD products.
Crash for cash at record high
New research from LV has revealed that staged car accidents are at a record high with over one in 20 (5%) of respondents believed to have been a victim of a crash for cash staged accident in the past two years.