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Chaucer takeover set

The acquisition of Chaucer by The Hanover Insurance Group, set for completion by 1 July, will create a combined premium income of $4bn, and bring scale, diversity and financial strength benefits to all stakeholders, according to the Lloyd's insurer.

Ageas to hike household rates to emulate motor

Ageas is set to continue hiking rates on its household insurance, on top of the 10% it has already pushed through in the first quarter of 2011, in a bid to replicate the improved combined ratio already seen in its UK private motor performance.

Claims Club dinner & awards 2011

Jonathan Swift, chairman of the judging panel and Post's editor-in-chief, welcomed guests to the 2011 Claims Club annual dinner at Grand Connaught Rooms, London by praising the hard work that the claims industry does and explained that in aiming to…

Insurers fight to avoid ash cloud backlash

As Post went to press, insurers were racing to publicly outline their claims positions on the latest volcanic ash eruption, in a bid to avoid the media backlash the industry suffered 12 months ago. More than a year after the extensive disruption caused…

Penny Black's insurance week

Still fresh in the mind, this month's Biba conference was awash with the usual rumours that started on stands and, by the second night, were sworn gospel.

Postbox: Respect for privacy vital in digital age

More than 30 million adults in the UK are signed up to Facebook, and the number of people using social media such as Twitter is growing at a phenomenal rate. Together with the increased use of e-mail and text, there is a real shift in the way we…

PI claims costs to rise to £9.7bn by 2014

A report by Datamonitor has found that costs faced by the personal injury insurance industry are likely to keep climbing for some time – rising from £8.4bn in 2010 to £9.7bn by 2014 – driven by the growth in the number of motor personal injury claims.

Private sector businesses on the increase

The number of private sector businesses in the UK at the start of 2010 increased by 48,000 (1.1 per cent) since the start of 2009, statistics from the Department for Business, Innovation and Skills reveal.

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