Insurer
Post Blog: Restoration consternation
There was a time when damage restoration was held in high regard. Those repairing buildings after fire or flooding delivered excellent customer service and savings for insurers.
Ferma members voice concerns over supply chain management
Commercial insurance buyers generally want better insurance products to cover their supply chain risks, a simple survey by Ferma has confirmed.
KPMG boss predicts 'greater scrutiny' in 2012
Next year will see a return to underwriting disciplines for general insurers as their financial performance comes under greater scrutiny and they face increased regulatory interest.
Mapfre board praise outgoing chair following restructure
The restructuring process at Mapfre has been concluded with the election of Antonio Huertas Mejías to the position of chairman of the company and chief executive of the group.
Europe non-life growth beats life at 2.7%
European insurers saw a rise in total gross written premiums in both the life and non-life sectors in 2010, according to figures released today by the European insurance and reinsurance federation, CEA.
Treasury investigates rating agencies
The Treasury Committee is investigating whether the methodology used by ratings agencies sound and transparent.
Ipswich broker celebrates achieving chartered status
Staff at Pound Gates are celebrating after being awarded the title of ‘chartered insurance broker’ by the Chartered Insurance Institute.
Insurers call for "serious" government action on flood risk plan
The Association of British Insurers and its members have called on government to “seriously consider” subsidised flood insurance for policyholders in high risk areas, replacing the Statement of Principles, which expires in 2013.
Aon pays fines upwards of $16m following bribery charges
Aon has responded to charges that its subsidiaries bribed international government officials by agreeing to pay more than $16m (£10.1m) in fines.
Total UK GI premiums rose 5% in 2010
UK general insurance premiums increased by 5% in 2010 to £46.4bn, according to the Insurance 2011 report by TheCityUK.
Catlin hires new admin officer
Insurer Catlin has announced that Swiss Re’s Adrian Spieler will join in February as group chief administrative officer.
Axa warns of Christmas motor fraud
Axa has claimed December prompts huge jumps in fire and theft motor claims as one in ten consider defrauding their insurer to ease the financial pressures of Christmas.
Beazley confirms interest in Hardy
Beazley has confirmed it is interested in buying fellow Lloyd’s insurer Hardy, put up for sale after large Thai flood claims.
Equity Red Star names Dodd for fleet
Equity Red Star has appointed Andrew Dodd as its new motor fleet class underwriter, charged with growing key accounts.
Eiopa says insurers failed stress test
The European Insurance and Occupational Pensions Authority has warned that its low yield stress test showed that the insurance industry would be hurt if yields remain low for a prolonged period of time.
Jubilee exit for former CEO Loucaides
Jubilee Group Holdings chief executive Johnny Rowell has this morning announced that Andreas Loucaides will be leaving the business with immediate effect.
Swiss Re reports on 'promising' future for emerging markets
Swiss Re’s latest sigma report claims insurance in emerging markets has experienced strong growth over the past decade and the outlook for the next decade remains promising.
Tokio Marine bolsters UK operation with double appointment
Tokio Marine Europe is preparing to grow its UK regional operation following the appointment of Leigh Meekings and Rob Skilbeck to the firm’s underwriting team.
Law commissions proposals will lead to premium rise, says ABI
The Association of British Insurers fears the law commission proposals on insurance contract law will lead to an increase in premiums.
Total insurer IPT bill close to £30bn
Insurers handed over £2.4bn in insurance premium tax in the year 2010/11, a rise of more than 6% on the previous year (£2.253bn), government figures reveal.
MEP wants cheap premiums for women
Conservative member of the European Parliament Marina Yannakoudakis has vowed to change EU rules to allow insurers to offer women lower insurance premiums.
Crash-for-cash contempt ruling victory
Insurers will be able to pursue crash-for-cash fraudsters through the courts more easily thanks to a legal precedent set yesterday, according to Esure solicitors Horwich Farrelly.
Philippines storm: Port cities hit by Washi devastation
A tropical storm in the Philippines has killed hundreds and caused flood damage to government infrastructure and commercial properties.
Swiss Re reports on emerging markets
Swiss Re’s latest sigma report claims insurance in emerging markets has experienced strong growth over the past decade and the outlook for the next decade remains promising.