Insurer
Post Blog: Quinn, Towergate, an acorn of a deal and the Sex Pistols. The week in insurance
With many in the insurance market taking advantage of the double bank holiday whammy you would think that this week would be a good time to bury bad news.
RSA acquires Oak Underwriting
RSA has strengthened its position in the high net worth arena with the acquisition of Oak Underwriting.
Mapfre wins Ancile deal
Mapfre Assistance is to provide underwriting and emergency assistance services to Ancile Insurance Group in a new multi-million pound deal.
European M&A value up 62%, analyst reveals
The value of deals targeting Western European countries has risen by 62 per cent in the last 12 months, according to Zephyr, the M&A database.
Randall & Quilter reports profits boost
Insurance investment firm Randall & Quilter has reported pre-tax profits of £7.5m - a sizeable increase on the £260 000 sum recorded for 2009.
Q1 nat cats not market-turning
Total industry insured large losses since the third quarter of 2010 of $32bn will not be enough to turn the reinsurance market, an analyst has warned.
Mapfre wins Ancile deal
Mapfre Assistance is to provide underwriting and emergency assistance services to Ancile Insurance Group in a new multi-million pound deal.
Legal update - product liability: contractual obligations
The recent case of Omega Proteins v Aspen Insurance UK raised an interesting issue for product liability insurers and liability insurers generally. Colin Peck reviews the case and its potential implications.
Law report: cross examination key aid in tracking fraudster assets
This law report has been contributed by national law firm Berrymans Lace Mawer.
Claims Club news: even larger corporates are failing to review risk profiles
Commercial insurance in a post-economic crisis environment is "not fit for purpose" for many large corporate firms, Bruce Hepburn, chief executive of Mactavish, asserted.
Claims Club news: claimant solicitors to pick up portal bill share
Claimant lawyers are set to start funding the RTA Portal to the tune of 50%, according to its independent chairman Tim Wallis.
In series - first-party fraud: would they lie to you?
Third-party claims fraud may make all the headlines but insurers are increasingly targeting customers who seek to abuse the applications process. Jane Bernstein investigates.
Brand building - advertising: channelling advertising opportunities
Television remains the most powerful tool in the advertising armoury of insurance companies — but they must adapt to changing view patterns and innovations to survive in the market, says Ralph Savage.
Interview - Mike Brockman: telematics - the future of motor insurance?
Many predict telematics will be the future of motor insurance. Mike Brockman, founder and joint chief executive of Insure the Box, talks to Lynn Rouse about his success so far.
Hanover confident Chaucer bid momentum will not stall
US firm The Hanover Insurance Group remains confident it will succeed in its bid for Chaucer, despite Pamplona's refusal to sell its stake in the Lloyd's insurer.
Telematics insurer targets 60 000 policies by year end
Curfew-based telematics products for young drivers will not only fail to improve behaviour and accident statistics, but the business model is also flawed. That was the warning issued by Mike Brockman, founder and joint CEO of Insure the Box, as he…
Business process outsourcing: innovate and invigorate
Innovation is a much prized commodity for any company with ambition, yet insurers still seem to be treading a cost-cutting backwater when it comes to outsourcing, writes Colin Gray.
Editor's comment: Beware the brain drain
Sometimes it's good to go against the grain — it can signal creativity, innovation and a desire to differentiate. And then there are the times when mirroring market trends undoubtedly brings the best outcome for individuals concerned.
Penny Black's insurance week
After devoting 44 years of his life to Allianz and its previous incarnations, it would seem that technical claims manager Roy Hebburn deserves a decent send off, having announced his retirement.
Law report: withdrawal application allowed in near-drowning case
This law report has been contributed by national law firm berrymans Lce Mawer.
Claims Club news: Expansion plans slowdown urged
The Ministry of Justice must not act hastily to extend the RTA Portal to liability cases, Tim Wallis, its independent chairman warned.
Post history - 10 years ago: ABI TV ad campaign considered
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 10 years ago reveals.
Post history - 20 years ago: Institute vetoes name change plan
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 20 years ago reveals.
Claims Club news: Market beginning to embrace telematics
The use of telematics technology is a vital tool in combating "dodgy claims" —and securing first notification of loss information almost instantaneously — according to Mike Brockman, joint CEO and founder of Insure the Box.