Insurer
Aviva accounts head jailed for expenses fraud
The head of accounts manager at Aviva's York has been jailed for four months and sacked after being found guilty of expenses.
Post Blog: The true value of awards
What's the value in winning an industry award?
Irish firm offers smartphone security package
Irish firm You Get It Back has teamed up with American retailer Best Buy to offer a security package for mobile devices such as smartphones and tablets.
Infrassure Switzerland and Liechtenstein sees capitalisation remain strong
AM Best has affirmed the financial strength ratings of A- Excellent) and the issuer credit ratings of “a-” of Infrassure(Switzerland) and its affiliate, Infrassure Vaduz (Liechtenstein). The outlook for all ratings remains stable.
Industry welcomes riot claims period extension
The insurance industry has welcomed the Prime Minister's decision to agree to extend the period for policyholders to lodge claims from 14 to 42 days under the Riot Damages Act.
Axa Commercial targets record £1.2bn GWP by 2015
Outlining Axa’s strategy for the commercial lines business, CEO Amanda Blanc said that it aims to have a combined opertaing ratio of 95% by 2015.
Bupa sees improved European performance in H1
Healthcare provider Bupa has reported half year revenue for Europe and North America of £1,464.4m, which contributed 37% to the group revenues of £3,929m.
Zurich UK warns of commercial lines 'market correction' if rates do not rise
Zurich UK says raising personal line premiums by 18% for the past two years and commercial rates by 3% helped it to a half year operating profit of £71m, up £8m or 13% on the same period last year.
Kiln 2010 account affected by catastrophes
R J Kiln & Co, part of the Tokio Marine Group, has released updated forecasts for the 2009 and 2010 years of account.
Innovation Group lands RBS £40m subsidence contract in insurer first
Innovation Group has landed the first subsidence claims contract with RBSI since the insurer stopped using a panel of suppliers.
Rapid growth sees Kazakhstan's Nomad Insurance assigned 'B-' rating
Fitch Ratings has assigned JBC Insurance Company Nomad Insurance an insurer financial strength rating of 'B-' and a national IFS rating of 'BB-(kaz)'.
Zurich results show a solid performance
Swiss insurer Zurich has announced a half year operating profit 7% down on 2010 at £2.1bn but said its second quarter was 7% up at $1.3bn.
Riot Damages Act enforced even if uninsured - deadline extended
Prime Minster David Cameron has announced that the period for claims to be lodged under the Riot Damages Act has been extended from 14 to 42 days.
Industry needs to “wake up” MPs to Solvency II
Speaking to Post, Chris Leslie MP, shadow financial secretary to the Treasury, said that the insurance industry has not yet managed to wake up parliament and politicians to the impact that Solvency II could have.
McDermott promoted at syndicate 3210
Mitsui Sumitomo at Lloyd’s has appointed Peter McDermott as active underwriter of syndicate 3210 to write aviation, casualty, marine and property & construction business.
Antiques dealers to get Sterling policy
Sterling Insurance is launching a partnership with Connoisseur Policies to provide cover for art and antiques dealers and auctioneers.
Zurich claims Q2 bounce back
Zurich has announced a half year operating profit 7% down on the same time last year at £2.1bn, but said its second quarter was 7% up at $1.3bn.
Post history – 20 years ago: Disaster firms buckle in recession
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
Post history – 30 years ago: Experts insure vast gas platform
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Post history – 50 years ago: Insurer deal struck on flood cover
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Penny Black’s insurance week
Mooching around the insurance industry as she does, Penny is lucky enough to meet some fairly colourful characters.
Lloyd’s – China: Chasing the Chinese dream
As the world’s second largest economy, China is a tempting opportunity for insurers. Leigh Jackson reports on the key role being played by Lloyd’s, the difficulties in gaining traction and the reality checks on expectations.
Editor's comment: Reading the Riot Act
Last month saw the 30th anniversary of the Toxteth Riots, violent disturbances that erupted on 3 July 1981 following the arrest of a young man, Leroy Alphonse Cooper in Liverpool.
Insurer estimates hit £750m as city riot damage racks up
RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims with the latest riot bill estimate hitting £750m, as Post went to press.