Insurer
RSA ‘absolutely’ committed to UK motor despite axing 800 brokers
RSA has reaffirmed its commitment to the UK motor market in spite of its decision to sever ties with personal lines brokers where portfolios are dominated by the troubled business class.
Gill to lead Allianz's 'refreshed' Newcastle branch
Allianz Commercial has appointed former northern regional underwriting manager Mike Gill to head up its Newcastle office.
RSA cutting more than a third of personal motor brokers
RSA is to reduce the number of personal motor broker relationships by 35%, axing partnerships primarily led by motor cover.
Cyber fears top SME risk index
Small to medium sized businesses believe they are facing more risk than at any time since the first quarter of 2013, according to Zurich’s SME risk index.
Pool Re recruits Sir Brian Bender as NED
Sir Brian Bender has joined terrorism reinsurer Pool Re as a non-executive director.
Post magazine – 22/29 May 2014
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Editor's comment: Is the Flood Re tide turning?
News the Flood Re scheme has flowed further down the river towards implementation next year has failed to dampen hopes among vociferous industry and political figures that excluded groups will be provided for.
Uswitch eyeballing London float
Price comparison site Uswitch is reportedly considering plans for a stock market float, after an August management buy out.
Insurers predict Riot Act rethink after Sony fire ruling in industry’s favour
Parliament ‘almost certain to change the law’ regarding consequential losses
Insurers told to cut losses in motor amid ongoing competition concerns
Hiscox AGM sees 42% of shareholders vote against remuneration policy
India government eyes foreign investment increase
The new government of India wants the long-mooted change to the foreign direct investment cap back on the political agenda.
Fall in general insurance complaints to FOS linked to FCA investigations
Motor remains most-complained-about class of business
Lloyd’s could face claims from missing Malaysian plane’s search operation
Flight MH370 loss is higher than initial estimates due to ongoing search
Trade Voice: Bringing the law up to date
As the British Insurance Law Association celebrates its 50th anniversary, the Law Commissions of England and Wales and of Scotland conclude the second part of their project to reform insurance law.
C-Suite - Insurer: Brokers adapting and surviving
The broker channel is coping comparatively well in the tricky personal lines marketplace
North of the border: A case of contributory negligence
A recent case provided a rare example of a pedestrian being more at fault than a driver in an accident claim
Interview: Mark Cliff: Moving on up
Ageas broking boss Mark Cliff tells Post how he plans to use growth, simplification and people power to propel the firm into the top three UK personal lines intermediaries
Fidelity insurance: Inside job
Despite theft and fraud by employees being the second-biggest reason for store loss in the UK, many firms prefer to sweep such incidents under the rug. How can companies protect themselves better?
Market Moves - 22/29 May 2014
All the latest job moves in the insurance market
Lexis Nexis buys telematics provider Wunelli
Lexis Nexis has acquired telematics provider Wunelli, a deal that will result in one of the largest provider-held insurance telematics databases in the world.
Sony warehouse fire consequential losses verdict overturned
The Court of Appeal today ruled that section 2 of the Riot (Damages) Act does allow recovery for consequential losses, overturning an earlier ruling.
Ageas agrees new five-year deal with John Lewis
Ageas has agreed a deal to provide John Lewis car insurance for a further five years.
RSA sells Canadian broker to AJ Gallagher
RSA has sold its Canadian broker Noraxis Capital to AJ Gallagher for C$500m (£273m).
Covéa personal lines boss Batabyal resigns
Covéa personal lines director Colin Batabyal has resigned after almost four years with the business, Post can reveal.