Insurer
Post Magazine – 7 July 2011
The latest issue of Post Magazine is now available to subscribers as a digital and interactive e-book.
240 jobs go at Zurich as insurer re-enters direct market
Zurich is to make 149 people redundant in a shake-up that sees it returning to the direct insurance market.
Insurecom pilots Informed Quotes on Ageas motor
Software house Insurecom claims it will be the first to push personal lines quotes through to brokers using Insurance Initiatives' Informed Quotes system, starting with motor policies from Ageas.
TSC re-opens premiums inquiry - Insurance News Now – 7 July 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories which include chair of the Transport Select Committee, Louise Ellman telling Post that motor insurers will be called back to parliament for further questioning…
Brown joins RSA board
RSA UK chief executive Adrian Brown has joined the group board as an executive director.
Brown joins RSA board
RSA UK chief executive Adrian Brown has joined the group board as an executive director.
Paymentshield chairman joins Lomond Capital
Stuart Pender has resigned as chairman of Paymentshield to take up the role of chief executive of Lomond Capital.
Financial and Legal leave ABI in protest against review
Financial and Legal has become the latest legal expense insurer to resign from the Association of British Insurers in protest against the trade body's support of the Jackson Review.
Fitch affirms TU Europa SA IFS at 'BB'; Outlook Stable
Fitch Ratings has affirmed Towarzystwo Ubezpieczen Europa SA's and it’s wholly owned subsidiary Towarzystwo Ubezpieczen na Zycie Europa SA's, Insurer Financial Strength (IFS) ratings at 'BB'.
Insurance law change could mean cheaper access to space
On 4 July 2011, the licensing insurance requirements under the UK Outer Space Act 1986 have been reduced to €60 million from £100 million.
Fitch affirms TU Europa SA IFS at 'BB'; Outlook Stable
Fitch Ratings has affirmed Towarzystwo Ubezpieczen Europa SA's and it’s wholly owned subsidiary Towarzystwo Ubezpieczen na Zycie Europa SA's, Insurer Financial Strength (IFS) ratings at 'BB'.
Aviva reveals new commercial director
Aviva has confirmed that its UK chief risk officer has been lined up to take over the vacant commercial director role in November.
Aviva considering Lloyd's market return
Aviva is undergoing a strategic review of its corporate business which will explore areas of expansion – including opening a trading area at Lloyd’s of London.
Jelf looks to Towergate for regional MD
Jelf Insurance Brokers has appointed Lee Davey to the position of regional managing director for the South West.
Amlin adds to bloodstock underwriting team
Amlin has appointed Julian Lloyd, head of LMA’s livestock business panel, to its bloodstock underwriting team.
Broker and insurer profitability drops despite business volume growth
According to a new PwC/CBI report, general insurers reported their fastest growth in business volumes since March 2008 in the last quarter - however, the survey found costs have increased and profitability also decreased moderately.
Zurich confirms CHF700m senior debt placement
Zurich has confirmed the successful placement of 700m Swiss Francs in senior debt.
CEA: stress test shows strength of European insurers' solvency surplus
The CEA, the European insurance and reinsurance federation, has welcomed confirmation of the "robustness" of the European insurance market following publication of the results of the second European insurance stress test.
10% fall short of capital requirements under Solvency II stress test
One tenth of European insurers would fail Solvency II minimum capital requirements under the adverse stress scenario, according to the European Insurance and Occupational Pensions Authority.
CEA: stress test shows strength of European insurers' solvency surplus
The CEA, the European insurance and reinsurance federation, has welcomed confirmation of the "robustness" of the European insurance market following publication of the results of the second European insurance stress test.
10% fall short of capital requirements under Solvency II stress test
One tenth of European insurers would fail Solvency II minimum capital requirements under the adverse stress scenario, according to the European Insurance and Occupational Pensions Authority.
Lloyd's appoints new controller of agencies
Lloyd's of London has appointed Mark Patterson as the new controller of agencies.
Ex-Zurich France boss joins XL board
XL Group has appointed Paolo Ribotta as head of global distribution.
Munich Re and Marsh team up for geothermal energy risk
Project developer Exorka, insurance broker Marsh and Munich Re have jointly developed an insurance concept covering the exploration risk of a geothermal energy project in Taufkirchen, near Munich.