Insurer
Rims “dismayed” at contingent commissions decision
The Risk and Management Society has expressed its dismay at the New York Insurance Department and Attorney General’s decision to allow brokers Aon, Willis and Marsh to accept contingent commissions.
Axa UK GI earnings dip 63% after £157m fire and weather losses.
Globally, Axa Group reported underlying earnings down 6% to €3854m versus 2008, adjusted earnings down 8% to €3468m and net income up 283% to €3606m (on a comparable basis).
Axa UK GI earnings dip 63% after £157m fire and weather losses.
Globally, Axa Group reported underlying earnings down 6% to €3854m versus 2008, adjusted earnings down 8% to €3468m and net income up 283% to €3606m (on a comparable basis).
AIG to keep up to $500m of derivatives on balance sheet
AIG is to keep $500m of derivatives from its defunct AIG Financial Products unit, Reuters has reported.
Endurance reports net income rise
Endurance Specialty Holdings reported net income of $154.8m for the fourth quarter of 2009 versus net income of $16.9m for the fourth quarter of 2008.
Penny black's insurance week
Penny was not the only lady wowed by race driver and stuntman Ben Collins at the 10th annual motor claims conference. The handsome gent, who worked on a number of stunts for the James Bond movie Quantum of Solace, told tales of celebrity encounters,…
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Legal Expenses - Jackson Impact: Cheque mate
Would Lord Justice Jackson's recommendations on costs reform really decimate the after-the-event market? Veronica Cowan canvasses views from those affected.
Motor Claims 2010: Creating harmony
With the perfect scenario for vehicle replacement still a long way off, Brendan Keane examines whether recent developments are taking the industry towards it.
Motor Claims 2010: Ombudsman calls for credit hire clarity
The Financial Ombudsman Service's lead insurance specialist has called for clarity on behalf of consumers around the use of credit hire operators in the insurance industry.
Motor Claims 2010: ABI calls for MoJ reforms co-operation
The Association of British Insurers has called on its members and the legal profession to work together to ensure the Ministry of Justice's new motor claims handling process is a success.
Motor Claims 2010: Insurers must plan for PPO increase
The insurance industry has been urged to put plans in place to manage an increase in injured claimants requesting periodical payment orders.
Motor Claims 2010 - Axa: performance up following GTA exit
Axa Insurance's withdrawal from the Association of British Insurers' general terms of agreement has been good for the insurer's performance, according to its technical manager for motor claims.
Motor Claims 2010: Police chiefs seek help from insurers on fraud
Insurer capital and information could prove vital in the fight against fraud, according to detective chief inspector Andy MacKay of the Association of Chief Police Officers' Vehicle Crime Intelligence Service.
Motor Claims 2010: Time issues worry Zurich boss
Ministry of Justice personal injury reforms will place greater time constraints on insurers than claimant lawyers, according to Tony Emms, motor claims director at Zurich.
Motor Claims 2010 - MIB: data accuracy crucial for CIE success
The Motor Insurers' Bureau has warned that the Motor Insurance Database must be accurate for the continuous insurance enforcement scheme to be a success.
Motor Claims 2010: CPS decides on fraud
The nature of insurance fraud makes it difficult for the Crown Prosecution Service to take such cases to court, according to detective chief inspector Andy MacKay, of the Association of Chief Police Officers' Vehicle Crime Intelligence Service.
Credit-hire roundtable: Any lessons learnt?
With the tenth anniversary of Dimond v Lovell approaching, Post hosted a candid debate on the issues surrounding vehicle provision in motor claims. Jonathan Swift reports.
Motor Claims 2010: All change for motor
The UK motor claims sector is going through a period of rapid change, with the impending introduction of the Ministry of Justice reforms very high on the industry's agenda.
In series: Solvency II - Making it work
Andrew Power urges insurers to focus on the opportunities Solvency II creates, rather than getting bogged down in the mechanics of implementation.
In Series: Solvency II - Getting the message through
Insurer thinking has evolved over the issue of Solvency II and Sam Barrett explains how they are being won round to seeing the potential benefits of implementation.
Interview: Andrew Keeling - Turning risk to commercial reward
Andrew Keeling has been involved in risk management since its inception. Who better to lead the discipline forward? Lynn Rouse talks to the new chairman of the Institute of Risk Management.
Halliwells fraud savings
Halliwells' fraud unit has claimed up-front investigations and case management have saved its insurance clients up to £13 for every pound spent on fees during 2009.