Insurer
IAG UK profit cut on back of reserve strengthening
The UK business recorded a $24m insurance profit on A$406m of gross written premium for the six months ended 31 December 2009.
Capita turnover increases 10%
Capita has reported an increase in turnover of 10% to £2.69bn (2008: £2.44bn). Underlying profit rose by 11% to £357.7m (2008: £320.9m) and underlying profit before taxation increased by 17% to £325.1m (2008: £277.2m).
RBSI profits slump by over £500m to £58m in 2009
CEO Paul Geddes described 2009 as "exceptionally challenging"
RSA bullish despite 10% fall in operating profit
CEO Andy Haste hails progress in emerging markets and international arms.
RSA bullish despite 10% fall in operating profit
CEO Andy Haste hails progress in emerging markets and international arms.
Looking Back - Recall costs could reach the billions
Insurers will not foot the bill for the biggest product recall in UK history — but the cost of paying out on related policies, defending claims and establishing liability, could reach billions of pounds.
Looking Back - UN to play key role in development
The United Nations has a key role to play in the development of insurance in developing countries.
Penny black's insurance week
Penny was out and about with Hastings CEO Edward Fitzmaurice this week, and one couldn't help but be surprised by his music taste. After a discussion of the fine arts — and not so fine arts — something of a revelation occurred. Among the standard…
Total Objects director aims for North Pole
A director at insurance software solutions provider Total Objects is preparing to trek to the North Pole to raise money for the Coins Foundation charity
Groupama launches three-year talent plan
Groupama Insurances has launched a corporate initiative to drive talent within the company with the appointment of a new talent and resourcing manager.
Open GI trading clinicsgreen-lighted
A series of clinics aimed at helping brokers get the most out of their Open GI trading systems has been accredited by the Chartered Insurance Institute for the third year running.
CII launches campaign to woo young people
the Chartered Insurance Institute has launched an online campaign aimed at showing young people the variety of opportunities that a career in insurance can offer.
Middle East - qualifications: An emerged market
Five years after establishing a Middle East base, Mark Greenwood details how the Chartered Insurance Institute is developing and delivering relevant qualifications in the local markets.
Middle East - Market Overview: Room for growth
While most in the insurance industry will not be looking to expand in the current global economy, Jane Bernstein points to an area where there are substantial opportunities for those willing to take the plunge.
Roundtable: Online product delivery - Rise of the machines
The internet has had an enormous impact on the insurance industry, Post hosted a roundtable to find out its influence on product delivery. Stephanie Denton reports.
In Series - Solvency II: A clear roadmap
Insurers need to now up the momentum in their design and implementation efforts for Solvency II, urges Stephen Lucas.
In Series - Solvency II: Stretching for the summit
Preparing for Solvency IIis turning out to be a much bigger challenge than many initially anticipated. Sam Barrett reports on what companies are doing to scale up in time.
Interview - Jeremy Fawcett: Changing the game
Insurers must avoid knee-jerk reactions to the rapidly changing world of social media, warns Jeremy Fawcett. Despite its escalating influence, brands should look twice before leaping, he tells Jonathan Swift.
Election 2010: Interview - Mark Hoban MP, Conservative
If the Conservative Party regains power at the 2010 elections, the insurance industry can expect to see a massive shake-up. In the first of Post's six-part profile of all the major parties Stephanie Denton talks to MP Mark Hoban, shadow minister for the…
Fears rise as process reforms approach
Concerns are mounting that the imminent Ministry of Justice claims process reforms could encourage claims to be settled without medical evidence, creating significant exposures for solicitors and insurers.
44% in the dark on corporate manslaughter
A SURVEY by Allianz of brokers' awareness of the Corporate Manslaughter Act has revealed 44% are unaware of the penalties it proposes.
Groupama to up motor rates by 10% for 2010
Groupama Insurances UK chief executive Francois-Xavier Boisseau has vowed to increase private motor rates, pinpointing the division as the "only culprit" for the insurer's fall in profits.
Fenchurch in Temple tie-up
New legal practice Fenchurch Law has agreed a deal with legal expenses insurer Temple Legal Protection to offer clients after-the-event policies on a delegated authority basis.