Insurer
Pro Sight partnership success prompts Yutree to exit Cobra Network
Yutree Underwriting has left the Cobra Network having signalled its intention to become a “truly independent” intermediary.
Court summons for speeding on the rise
The number of drivers summoned to court after being caught speeding increased by 10% in 2012, the equivalent of 1 000 drivers a week.
CII reviewing corporate chartered standards
Chartered titles held by firms could be under threat after the Chartered Insurance Institute announced plans to review eligibility criteria.
Aviva to close Manchester motor claims unit
Aviva is getting rid of 200 jobs in its Manchester based motor injury claims department, according to local press reports.
Driving overseas expansion is major concern for insurance execs
Driving overseas expansion is a major concern for insurance executives, according to a survey conducted by the Economist Intelligence Unit on behalf of research firm State Street.
IASB Insurance Contract proposals are welcome starting point
The revised draft of the International Accounting Standards Board’s Insurance contract proposals goes a long way towards addressing the concerns raised by insurers since the original draft in 2010, Insurance Europe said today.
IASB revised exposure draft is "major milestone" for insurers
The publication of the International Accounting Standards Board’s revised exposure draft marks major milestone toward global reporting consistency for insurers, according to consultancies PwC and Ernst & Young.
Legal & General strikes deal with Tesco Compare
Legal & General has signed a deal to provide home insurance on Tesco Compare’s panel from June 2013.
Keoghs appoints seven partners and promotes 23 associates
Keogh’s has appointed seven new partners and promoted 23 individuals to an associate position, taking the number of staff at the law firm’s seven UK offices up to almost 1200.
IASB insurance contract rules “a new world” for insurance
New rules on the accounting of insurance contracts represent fundamental change according to consultancies.
Europe: The Russian motor market crisis
The Russian government is at odds with the country's motor insurers following controversial plans to amend claims limits, says Paul Koshik.
Liberty Mutual Europe to lead new aviation consortium
Liberty Mutual Insurance Europe is forming a consortium to underwrite Aviation Insurance in a leading capacity, on behalf of itself, Ace Global Markets and Hiscox.
Market looks to politicians to overcome Dutch flood stalemate
The Dutch Minister of Infrastructure and Environment plans to intervene in the flood debate raging in the Netherlands in a bid to overcome the current stalemate.
Rospa teams up with Sportscover to improve sporting safety
The Royal Society for the Prevention of Accidents has partnered with Sportscover in a bid to boost safety across the UK’s sport and leisure industry.
Marsh continues African expansion with Nigerian broker deal
Marsh has completed its acquisition of Alexander Forbes’ interest in Nigerian insurance broker Femi Johnson & Company.
Post Intelligence – Insurance Industry Tracker: Q1 2013 review
Post Intelligence, the research arm of Post has launched The Insurance Industry Tracker, a quarterly industry review designed to keep you abreast of industry developments.
Liberty Mutual forms aviation consortium with Ace & Hiscox
Liberty Mutual Insurance Europe is to work with Ace Global Markets and Hiscox in a consortium for aviation cover.
Oval boosts EBITDA by 15% in 2012
Oval has recorded a 15% rise from £15m to £17.3m in its EBITDA for the year ending 31 May.
Argenta strengthens board with internal appointments
Argenta Holdings has appointed Graham Allen and Ian Maguire to its board of directors.
Post Intelligence – company profile: Chubb
Produced by Post Intelligence in association with Brook Intelligence, this comprehensive company report studies Chubb’s strategy, operations and performance.
Post Intelligence – company profile: Blackstone Real Estate
Produced by Post Intelligence in association with Brook Intelligence, this comprehensive company report studies Blackstone Real Estate’s investment portfolio, strategy and performance.
Dwindling reserves could put pressure on profitability says Moody's
The pace of reserve releases for non-life European insurers will continue to slow into 2013 as the effects of the general market downturn from 2005-09 continue to play out, according to Moody's.
Post Intelligence – company profile: Lockton
Produced by Post Intelligence in association with Brook Intelligence, this comprehensive company report studies Lockton’s global strategy and operations.
UK banks told to raise £27bn
Figures from the Bank of England’s financial policy committee show a shortfall of £27.1bn in capital held by five UK financial institutions, half of which were at Royal Bank of Scotland.