Insurer
Claims Club: IDSL issues stark warning over RTA claims process
Claimant lawyers flouting the new process for low value road traffic injury claims will be reprimanded and their details passed to the Ministry of Justice.
Claims Club: ABI surge event plans prioritised for 2010
Hypothesis testing is the best way to devise a collaborative industry surge plan, following events such as widespread flooding, insisted Tim Humphreys, policy adviser for risk management and emergency preparedness at the Association of British Insurers.
Claims Club: Bell - data must be harnessed
Third generation analytics tools and data visualisation in particular could help insurers better understand their exposure to claims leakage. That was the key message of Steve Bell, advisory partner in Ernst & Young's financial services business, whose…
Claims Club: Kinley - calculate the cost of Jackson to you
Alistair Kinley urged liability insurers to "run the numbers" on Lord Jackson's suite of proposals, designed to cut civil litigation costs, "to see if they work for you".
Insurecom is 'go-to' firm
The chief executive of insurance software specialist Insurecom has boasted that his firm is now the 'go-to' technology company for insurers looking to distribute new products to brokers.
Former Junction boss takes new Capita role
The former head of business development at broker Junction has joined Capita to focus on winning new business across the group's insurance business.
Lloyd's insurer signals motor intent with deal
Lloyd's insurer Ascot is targeting the UK commercial motor market for the first time after striking a deal with Chelmsford-based broker and underwriting agency Direct Commercial.
Beazley GWP rises by 27%
Dublin-domiciled Beazley has reported pre-tax profit up 15% to £100.7m (2008: £87.2m) and an underlying profit before income tax up 259% to £147.3m (2008: £41.0m).
Markel returns to profit in 2009
Markel Corporation has attributed the swing of almost $1bn (£640m) from loss to profit during 2009 to "significantly higher" investment returns than its competitors.
Zurich sees COR rise past break-even point
Zurich aims to reduce the combined operating ratio in its UK general insurance business in 2010 after it deteriorated beyond the break-even point due to rising expenses.
Shakespeare boss in court
A former director of Shakespeare Underwriting has appeared in court in relation to charges of alleged fraud and making false statements, stemming back four years.
NIG director Banga defects to join Brit
NIG has lost another member of its management team, with the departure of head of business development for commercial and broker, Vivek Banga.
Questgates snaps up two Teceris units
Specialist loss adjuster Questgates has acquired two of the remaining business units of Teceris.
CHO management buys it back from PwC
The Car Crash Line Group has been brought out of administration by its management team and outside investors, Post has learnt.
RSA shakes board up to focus on risk and claims
RSA has made further changes to its management board, in a bid strengthen its focus on technical risk and claims.
Litcomp agrees sale
Litcomp agreed the sale of the company to Torridon on Monday, following news that Torridon's £5.48m offer for Litcomp was unconditional last month.
Case provides welcome relief for schools
Educational establishments have avoided potentially "huge and costly" ramifications after the case of Henry Webster (& others) v The Ridgeway School was successfully defended, according to the law firm and insurer involved.
Money Supermarket relaunches motor site
Price comparison website Money Supermarket is due to unveil its new motor insurance comparison site today. It marks the first major overhaul of its offering since it entered the sector in 2003.
CHO acts to defuse backlash over malpractice promoting e-mail
Drive Assist has moved to reassure insurers after an internal e-mail encouraging malpractice within the credit hire operator was sent anonymously to the Association of British Insurers.
IAG linked with Provident as GMAC quits UK motor
GMAC has confirmed it is to sell motor insurer Provident after a comprehensive review of its insurance operations, Post has learnt.
Admiral offers 'Clarity' to Italian market
Admiral Group has launched a price comparison site in Italy under the name of Chiarezza.it, meaning 'clarity'.
Legal firm welcomes "overdue" ELIB plan
Ian McFall, head of asbestos policy at Thompsons Solicitors, said: "We have said for many years that what is good enough for road traffic accident victims is good enough for the workers."
RSA strikes deal for £40m GWP insurance group
RSA Insurance has acquired Al Ahlia Insurance Company SAOC for OMR19m1 (£31m) from ONIC.
Post Pick of the week
The major news this week: IAG linked with Provident; CHO rises from the ashes; Merlin hit by major loss; NIG director quits; Questgates in Teceris deal