Insurer
Insurance no ‘safe haven’ despite stock resilience
Leading analysts have warned insurers that the industry is not a “safe haven” for investors, despite share prices falling less than the stock market average of 5.5% since Friday 5 August.
Mitsui poaches Catlin pair in Midlands market push
Mitsui Sumitomo has enticed an underwriting duo from Catlin to spearhead its regional mid-market push in the Midlands, Post has learnt, having earlier lured a team from Chubb to build its presence in Ireland.
Solicitors’ PI squeezed further as Chartis exits new business
Chartis UK has blamed the high volume and cost of claims for its decision to stop writing new solicitors’ professional indemnity business this year but has not ruled out reversing its policy in the future.
Aviva rules out target change despite over-achieving
Aviva has pinpointed a much improved private motor result as being pivotal to it posting an above-target combined ratio of 96% (H1 2010: 98%) for its half-year UK general insurance business. But despite emphasising “strong continued momentum” in UK GI…
BIS Countdown - British Gas: A closer bond
British Gas Insurance launched in 2009 with ambitions to become a major player, and fast. Jonathan Swift talks to Chris Stern and Edward Dutton about the challenges and opportunities they have encountered to date.
News analysis - Haste departure: Less Haste, more concern?
After nearly a decade as CEO of RSA, Andy Haste has announced he is to step down. Amy Ellis gets the market’s reaction and ponders his next move.
Interview - Keith Stern: Raising the regional profile of Lloyd's
Tasked with rejuvenating Lloyd’s in the UK, as others look to international expansion, Keith Stern talks to Leigh Jackson about raising its regional profile and how he plans to overcome some common misconceptions.
People moves - 11 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 11 August 2011 edition of Post.
View from the top: The going gets tough
Tough is probably a rather English understatement to describe the state of the world — and the world of reinsurance and insurance — today.
Solvency II - Implementation day: Putting the brakes on
The timetables for two key initiatives that will affect insurers have slipped recently. Neil Coulson examines the implementation delays to both Solvency II and the international insurance accounting standard.
Legal expenses - Commercial cover: Two sides to the story
With the legal expenses sector about to undergo a massive shake-up, Jakki May looks at the changes, why some are welcoming them with open arms and why others
Brit brokers reminded to keep policyholders up to speed
Brit Insurance has issued a reminder to all its brokers to ensure that policyholders affected by the UK riots notify the company with detailed information about the claim within seven days.
Post Magazine – 11 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Swinton offers riot reassurance to residents and business owners
Further reassurance has been given to householders and business owners who have suffered damage during the ongoing UK riots, after Swinton Insurance became the latest firm to announce that victims should be covered by their policies.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
Staff face redundancies as Travelers exits private motor market
Travelers Insurance has today confirmed its decision to exit the private motor market in Ireland from 1 October, following a review of its strategy and operations in Europe.
Staff face redundancies as Travelers exits private motor market
Travelers Insurance has today confirmed its decision to exit the private motor market in Ireland from 1 October, following a review of its strategy and operations in Europe.
Impact of UK riots should not affect insurer ratings
Insurers have been reassured that the ongoing riots being carried out across the UK should have no impact on company ratings.
Impact of UK riots should not affect insurer ratings
Insurers have been reassured that the ongoing riots being carried out across the UK should have no impact on company ratings.
LV renews rugby cup sponsorship
LV has agreed to sponsor the Ango-Welsh Cup for a further four years.
More Than looks to Rias for new MD
More Than has appointed Janet Connor to the role of managing director.
Marsh and Zurich respond to riots
Marsh and Zurich have responded to the escalating riots across the country with guidance notes and have vowed to help customers get back on their feet.
Allianz commercial appoints chief casualty surveyor
Allianz Commercial has promoted Craig McLaughlin to the role of chief casualty surveyor.
FA to lose almost £1m for calling off England match
The Football Association’s decision to call off the England match against the Netherlands in light of the riots will cost them more than £900 000 in ticket sales because they failed to take out contingency insurance, according to a source close to Post.