Insurer
Tawa acquires Chiltington
Run-off provider Tawa has entered into a share purchase agreement to acquire Hamberger Internationale Ruckversichrung, the holding company for the Chiltington group of companies.
Allianz and subsidiaries A+ rating affirmed
Allianz Societas Europea and a number of its subsidiaries have had their financial strength rating of A+ and issuer credit rating of AA confirmed by AM Best, despite the company’s high exposure to peripheral Eurozone sovereign credit risk.
MGAA officially launches with agents representing £1.25bn GWP
The Managing General Agents’ Association, a non-profit making organisation founded to represent UK Managing General Agents’, officially launched on the 1 September with an initial 40 full members underwriting approximately £1.25bn of GWP.
Reinsurers' capital recovers after cat losses
Total global reinsurer capital for the world’s 28 leading reinsurers has reached $445 according to the latest market figures.
Markel International A+ rating affirmed
Markel International Insurance Company and its syndicate 3000 have had their financial strength rating of A (Excellent) and issuer credit rating of a+ affirmed.
FM global updates policies ahead of renewal
Commercial property insurer FM global has launched an improvement to its the FM global advantage policy, which will be available to clients at renewal.
Prime Professions lands Law Society PII role
Prime Professions has been appointed to manage a Law Society scheme helping firms struggling to secure professional indemnity insurance.
Tweets of the week - 8 September 2011
Post highlights its favorite insurance Tweets of the week
Penny Black's insurance week - 8 September 2011
An opportunity to gawp at strapping sportsmen on a balmy Saturday afternoon is not the sort of invite Penny finds easy to turn down.
Your say: Sports stars car coverage
The recent ‘The Olympic challenge' feature in Post emphasised the raft of opportunities for the insurance industry when it comes to the various possible disruption triggers, such as the weather.
Costly referral fee ban rejected as claims firm details lobbying alternative
Ai Claims Solutions is set to lobby MPs with a four-point plan to reform the referral fees system in place of the "costly and timeconsuming legislation" of an outright ban.
Allianz motor engineer first female appointed to council
A female motor engineer from Allianz’s claims division has become the first woman ever to be appointed to the Institute of Automotive Engineer Assessors Council.
Tawa acquires Chiltington
Tawa has entered into a share purchase agreement to acquire Hamburger Internationale Ruckversicherung, the holding company for the Chiltington Group of companies.
OFT to give evidence in new motor insurance inquiry
The Office of Fair Trading has been called to give evidence into the cost of motor insurance inquiry.
Water claims firm alerts insurers to cowboy drainage contractor threat
Water claims firm Property Consortium Drainage has warned cowboy drainage firms could cost insurers dear when responsibility for drains switches from homeowners to water companies.
Editor's comment: A new way of looking at things
Usually I reserve my commentary for the market’s latest developments, seeking to pinpoint emerging trends or highlight questionable practices – both those within the industry and, more often than not, those that adversely impact upon it.
Liberty sets sights on ‘significant multiples’ of GWP
Liberty Mutual has doubled its gross written premium in UK commercial lines for the first half of the year, as it looks to open up a Leeds office.
My best 11: Bobby Gracey, Crawford & Company
The inaugural manager to select his best XI for a potential start-up company is Bobby Gracey, vice president for global counter-fraud solutions and UK business development director at Crawford & Company. A heavy reliance on his claims and fraud…
Allianz: motor clients were assaulted during riots
Allianz motor insurance clients were car-jacked, threatened at knife point and, in some cases, assaulted when their vehicles were targeted by rioters last month.
Brokers witness unprecedented surge in riot-related demands for cover
Property insurance enquiries from businesses have soared by up to 200% in parts of London and Manchester following the riots, according to brokers based in some of the UK’s worst hit communities.
News analysis: Personal injury lawyers on the defensive over litigation claims
Allegations of inflated legal claims cost submissions have found backing from insurers
Interview - Jon Hancock: Getting under the skin
As UK commercial managing director for RSA, Jon Hancock is on a mission to find out what brokers really think of the insurer
Online this week - Top Ten Post Stories - 8 September 2011
The top ten stories from www.postonline.co.uk
9/11 A personal reflection: Remembering the unforgettable
As the horror of 11 September 2001 unfolded, the insurance industry was not only reeling from the inevitable financial consequences. It was struggling to conceive a much more immense loss, a personal one