Insurer
Post Magazine - 06 October 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Loss adjusting panel to review riot claims for Met
The Metropolitan Police Authority has been forced to appoint a panel of loss adjusting firms to advise on riot-related claims.
NZ faces mass withdrawal as earthquake claims stack up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including the possibility that insurers and reinsurers could stop providing earthquake cover in New Zealand altogether, forcing its government to handle claims.
Ferma 2011: Contractors looking beyond Europe for infrastructure projects, JLT warns
Slower deal flow in Europe means contractors are looking further a field for projects but growth economies create different risk challenges JLT has warned.
Vienna Insurance merges Bulstrad and Bulgarski Imoti
The Vienna Insurance Group plans to merge its two non-life insurance subsidiaries Bulstard and Bulgarski Imoti in order to strengthen its market presence in Bulgaria and make better use of synergies.
Irish Legal Services Regulation Bill approved
The Minister for Justice, Equality and Defence, Alan Shatter, TD, has secured government approval for the publication of the new Legal Services Regulation Bill.
Small firms to welcome Solvency II delay
Smaller UK firms will be relieved by the Solvency II deadline delay as it allows more time to prepare.
Law firm raises issues over FSA customer compensation drive
City law firm Reynolds Porter Chamberlain claim the Financial Services Authority is aiming to force financial services firms to provide 100% redress to customers who have suffered financial loss even if the loss was not caused by the firm’s rule breach…
Brit acquires public entity package team from HCC
Brit has opened a new office in Richmond, Virginia to underwrite first dollar package business for the public entity sector.
Beazley expands underwriting team
Construction and engineering risks insurer Beazley is expanding and restructuring its global underwriting team.
Ferma 2011: Sophisticated risk managers aware of insurance market issues
Modern risk managers are more sophisticated in their needs and are well aware of insurance market problems according to senior vice president at Chubb.
German non-life sector remains stable, according to Fitch
The outlook for the German non-life insurance sector remains stable, according to a new report from Fitch ratings service.
BGL profits up to £72m
BGL Group has reported a pre-tax profits of £72m, which is a year on year growth of 16 per cent for its financial results for the year July 2010 to June 2011.
Clarity needed on Solvency II
Lloyd's has responded to the Financial Services Authority Solvency II revisions.
Sword Insurance becomes Agency Port
The insurance software business bought out of Sword Group has changed its name to Agency Port and says it has companies knocking on its door wanting to be bought.
53 firms enter the ARP
The Solicitors Regulation Authority has confirmed that as of 4 October, a provisional figure of 53 firms had failed to find professional indemnity insurance on the open market and had entered the Assigned Risks Pool.
VRS Vericlaim aims to double in next five years
UK loss adjusting firm VRS Vericlaim, part of the European VRS Network, has revealed plans to double in size in the next five years.
Ferma 2011: News round up
The Federation of European Risk Management Associations has said it will continue its fight for broker transparency and aims to convince the European Commission to include it in the next version of the Insurance Mediation Directive.
Swinton to join the IFB
Swinton has agreed to become an affiliate to the Insurance Fraud Bureau.
Ferma 2011: Risk managers must 'upskill' for future
Risk managers have been urged to "upskill" by Ferma vice president Julia Graham.
Ferma 2011: Torus to bring property underwriting to French office
Insurer Torus has confirmed that it will be bringing property underwriting to its French operation.
Catlin Group chief scoops 'UK entrepreneur of the year' accolade
Catlin Group chief executive Stephen Catlin has been named Ernst & Young’s ‘UK entrepreneur of the year.
Garratts promotes Claire Porter
Commercial broking specialist Claire Porter has been promoted to associate director at Lancashire-based insurance brokers and risk advisors Garratts.
Lobby group challenges Quinn sale
A local lobby group has planned a last-ditched attempt to challenge the planned takeover of Quinn Insurance by Anglo Irish Bank and Liberty Mutual, according to the Irish Independent.