Insurer
Rival insurers remain committed to in-house adjusters despite Aviva move
UK insurers have affirmed their commitment to in-house loss adjusters, following the news that Aviva has transferred 80 of its claims staff to a G4S subsidiary.
Nationwide slashes claims force after RBSI deal
Up to 100 employees at Nationwide’s claims handlings service face the axe as a result of the building society renegotiating its household insurance contract with RBS Insurance.
JLT Specialty plans three further regional offices in 2012
Bosses at JLT Specialty have vowed to open at least three more regional offices this year, in a bid to strengthen relationships with corporate clients across the UK.
New Coverbox boss van der Merwe aims to beat telematics rivals on pricing
The new boss of telematics insurance provider Coverbox has outlined plans to better match premiums to its customers’ driving habits, insisting the current ‘pay-as-you-drive’ players are not making best use of the available technology.
EC insurance unit head explores further regulation for claims activities
More than a decade after the idea of regulating loss adjusters and other claims-related service providers was first mooted, a new European Commission proposal could see the plan resurrected, Post has learnt.
Marine hull insurers await rating impact in wake of cruise ship sinking
The Costa Concordia cruise ship disaster has been called the largest insurance loss in maritime history with some suggesting it could be “bigger than the Titanic”.
Career development: Sterling to open Manchester branch
High net worth insurer Sterling is set to boost its headcount with the opening of a new hub in Manchester.
Market moves: The busy world of broking
As January draws to a close, the past week has been a busy time in the world of insurance broking. Aon Benfield, Willis and Marsh all welcomed new chief executives, while Towergate, UIB and Prime Professions also made moves for new staff. However, it was…
View from the top: Looking longer term
The present market should be given less consideration than future propects, says Laurent Matras.
Credit hire: Two sides to the story
Credit hire organisations and insurers are blaming each other for the cost of credit hire. With the Office of Fair Trading conducting a review, will anyone emerge victorious?
Mergers & Acquisitions: Bucking the trend
As the market weighs up the value of assets such as Groupama and Brit’s UK arms, deal making by insurers appears to be buoyant, especially when compared to other industry sectors. But is this a trend that is set to continue?
Reinsurance - January renewals: Toughen up
Despite the catastrophes of 2011, the predicted — and much needed — January renewal rate hardening has failed to materialise.
Spotlight on environment: Providing protection
With climate change increasing the likelihood of natural disasters, insurers must influence the debate on how businesses and governments manage risks such as supply chain failure.
Spotlight on environment: Getting protected
When the Statement of Principles on the provision of flood insurance expires next year, how will insurers address the 200 000 high-risk households left struggling for cover?
ULR reports £4m loss as auditors raise concerns over future
Auditors for legal expenses provider ULR Additions have compiled a damning report of the firm's 2010 accounts, which made a £4m loss, stating there is “uncertainty” about the company’s future.
FSA issues policy warning to broker customers
The Financial Services Authority has advised Aston Midshires Insurance customers to check that the broker arranged motor insurance as expected, after receiving reports that policies were sold without details and premiums being properly registered.
Post magazine – 26 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Ironshore names Aon’s Cheung for M&A
Ironshore has announced that Katherine Cheung has joined the mergers & acquisitions division as underwriter and solicitor of its Lloyd’s Pembroke Syndicate 4000.
Home Office to tackle anti-metal theft
The Home Office has confirmed it is to take over at least some of the proposed anti-metal theft legislation in the private members bill that failed to get a reading on Friday.
Insurers criticised for continued DWS support
Liquidators have refused to clarify debt implications after DWS Bodyworks - a bodyshop chain implicated in RSA’s disputed subrogation policy – was bought out of administration by former directors last week.
Benevista launches international employee benefits index
Belgian consultancy firm, Benevista, has launched an international employee benefits index to raise awareness of the advantages of multinational pooling.
Home & Legacy reports 11% revenue growth
High net worth underwriting agency Home & Legacy has told Post that despite the current economic climate it saw sales increase by 13% in 2011.
Thomas Carroll recruits 11, targets 30 more
Welsh broker Thomas Carroll Group has revealed the details of an expansion programme which involves the recruitment of 11 new staff and the development of the firm’s headquarters near Caerphilly Castle.
Brit reinsurance boss Turner quits as insurer merges divisions
Brit reinsurance boss Jonathan Turner has left the firm as the business merges its reinsurance and global markets strategic business units.