Insurer
Post Broking Supplement: Interview with Reich MD Simon Taylor
Reich Insurance managing director Simon Taylor talks acquisitions, art and his "service, service, service" mantra.
Editor's comment: End of the composite nigh?
What a difference a few years makes, as major events this week underline a stark reversal in the fortune of the UK's two biggest insurance beasts.
RTA Portal extension: Delivering swift justice
The extension of the road traffic accident claims portal has met with mixed reactions, with concerns over the practicalities involved and how it will affect the personal injury market.
Mapfre reports rise of 11.5% in Q1 revenues
Mapfre reported revenues of €6,835m in the first quarter of 2011, citing "sustained growth of the international business" for the 11.5% rise.
Interview: RSA's Simon Lee and Adrian Brown talk evolution not revolution
Simon Lee is the man charged with leading RSA to the next stage of its development. Alongside Adrian Brown, he discusses overseas expansion, the benefit of bolt-ons, and why RSA has a 'splendid' independent future ahead.
Allianz promotes Daws in risk control
Allianz has promoted Stuart Daws to manager, risk control within its commercial division.
NFU and Ageas pay Accident Exchange undisclosed settlements
NFU Mutual and Ageas have reached settlement agreements with credit hirer Accident Exchange over their use of Autofocus evidence.
Mapfre continues to grow outside Spain
Spanish insurer Mapfre has reported Q1 revenues of €6,835m, up 11.5%, thanks to sustained growth of its international business.
Broker fears truth in Aviva GI and life sale rumour
Brokers are worried that Aviva could be planning to split into general insurance and life, and sold off.
Ace Scotland boss Macfarlane looks at new staff and broker business
Ace's new Scotland boss, Andy Macfarlane, pictured, could add to the firm's 200-strong Glasgow office with Aberdeen being a possible location owing to the insurer's contacts in the oil and gas sector.
Policyholder action group slams 'basket case' Aviva
Philip Meadowcroft, co-founder of the Norwich Union Policyholders Action Group, has branded former Aviva chief executive Andrew Moss' £1.75m golden goodbye a "pay off for failure" and the insurer a "basket case".
Post magazine - 10 May 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Markel promotes Leach to senior contingency underwriter
Specialist insurer Markel International has promoted James Leach to the position of senior contingency underwriter in its speciality division.
All eyes on Polish regulator after EC clears Warta aquisition
The European Commission has cleared under EU merger regulations the acquisition of Polish insurance company Warta by Germany's Talanx International and Japan's Meiji Yasuda Life Insurance.
Allianz 'on track' for 2012 target after €2.3bn profit in Q1
Allianz Group achieved revenues of over €30bn in the first quarter of 2012, compared to €29.9bn in the first quarter of 2011, according to preliminary figures.
Sogaz opens in Serbia
Russian insurance firm Sogaz has opened its first foreign subsidiary in the Republic of Serbia.
Belarus targets regulatory overhaul of insurance market
A major overhaul of the Belarus insurance industry is being planned in an effort to close the gap between Belarus and its European neighbours, according to online news agency Xprimm.
Jubilee hires former Swiss Re boss for speciality role
Lloyd's insurer Jubilee has appointed David O'Sullivan as head of life in a bid to grow the speciality life business.
XN Financial gets FSA green light for UK
Florida firm XN Holdings has secured Financial Services Authority approval for its UK subsidiary XN Financial Services to write insurance in the UK.
One in 10 homeowners do not have right insurance, research finds
Nearly 3.5 million UK homeowners do not have adequate home contents and buildings insurance, according to Money Supermarket.
CII membership up 6%, surplus up 142%
The Chartered Insurance Institute has published its Annual Review for 2011, showing a 6% rise in membership and an operating surplus of £1.85m, more than double last year's £0.764m
Allianz reports €30bn revenue in Q1
Allianz Group achieved total revenues of over €30bn in the first quarter of 2012, based on preliminary figures, compared to €29.9bn the previous year.
Aviva CEO Moss married employee the day after shareholder rebellion
Ex-Aviva chief executive Andrew Moss reportedly got married to former employee Deirdre Galvin the day after the shareholders revolt at the Annual General Meeting.
XL net income jumps to $227.3m after Q1 loss last year
XL has posted an operating net income of $165.2m for the first quarter, a slight increase on last year’s $163m but it has turned around its net income from a $227.3m loss to a $176.6m profit.