Insurer
Truell among bidders linked to Co-op sale
Mark Summerfield, managing director of The Co-operative Insurance, has said the planned sale of the general insurance business is “entirely in line with the group’s strategy” to build a “compelling competitor in high street banking that customers will…
Marsh's new 'Flood Mu' model tipped as likely SoP replacement
A mutualised solution to flood risk has been tipped as the new favourite to replace the Statement of Principles this summer, however a free market could be introduced while legislation is drawn up ahead of the model’s launch.
Post magazine – 21 March 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
The Co-operative reveals plan to do away with GI business
The Co-operative Group has today signalled its intention to sell its general insurance business.
India set for strike over premium hike
Transport association in India unhappy over a rise in third party insurance premiums.
Bangladesh insurer attracts foreign direct investment
The International Finance Corporation has bought a 10% stake in Bangladesh insurer Green Delta after the government opened up the market to foreign investors.
Aviva's profits in Singapore grow 27%
Aviva Singapore saw growth in premiums and profits in 2012.
Claims: Front of house?
Representing the main touchpoint between insurers and customers, claims departments are of vital importance but have traditionally struggled to attract top-level staff. Is this now changing?
Improving Underwriting: Location is everything
Location-based information is the key to understanding the complex data underwriters need to analyse risk.
Liability losses hit Ecclesiastical’s combined ratio
Ecclesiastical’s group combined operating ratio has deteriorated for a second year by three percentage points to 108.5% in 2012 (2011:105.5%, 2010:102%). This was against an underwriting loss of £24.6m (2011: £18.7m), which the insurer said it was due to…
Broker networks called into question after Aviva ends Willis relationship
Willis Networks’ remaining insurer partners have pledged support for the business despite broker concerns that insurers will exit network relationships as part of their pursuit of profitable commercial lines business, after it was confirmed it will sever…
RBS dismisses links between stock sale and timing of upcoming Esure float
The second tranche of Direct Line Group shares may have been rushed to market in order to get ahead of the float by Esure, according to analysts.
Transport Select Committee whiplash inquiry offers fresh hope to PI lawyers
Personal injury lawyers are hopeful the Transport Select Committee’s fresh inquiry into whiplash – launched a week after the Ministry of Justice closed its own consultation – will provide their businesses with a lifeline. This comes as a group of law…
Penny Black's insurance week
It was all go last Friday as the Post team frantically tried to track down brokers willing to comment on the appointment of Steve White as Biba’s top dog.
Credit Hire: Co-operation not combat
With concerns over credit hire at an all-time high after the collapse of Drive Assist, what is the future for credit hire organisations, and can they ever truly make peace with insurers?
Market Moves: Big names Sime and Giles among this week's notable departures
There were high-profile changes within both the insurer and broking arenas this week – with two significant moves involving senior figures at major organisations. At RSA, long-serving employee Chris Sime revealed his decision to walk away from his…
Penny speed meets... Simon Hodgin, Manchester branch manager, Axa
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
View from the Top: Time is running out
With agreement on the future of flood insurance still out of reach, the government must pick up the pace, says Bronek Masojada.
Improving Underwriting: The bigger the better
How is the move towards ‘big data’ from external sources helping insurers price risk in the post-Gender Directive environment?
Insurance sector responds to Budget
Members of the insurance industry have responded to today's Budget.
Mapfre subsidiary to insure Maltese trade union
Mapfre subsidiary, Middlesea Assist, is to provide home assistance services to the members of the Union Haddiema Maghqudin, a major worker's organisation in Malta.
Legal firms call for Law Society executives' resignation following civil justice reforms
A group of law firms, headed by Martin Coyne, managing partner of law firm Ralli, has called for the resignation of the Law Society executive as part of its Save The Legal Industry Campaign.
RSA and NFU Mutual ink bilateral claims deal
RSA has completed the signing of its fifth bilateral agreement on personal injury claims, signing a deal with NFU Mutual.
Lower claims frequency hits Charles Taylor adjusting profit
Growth in Charles Taylor's management services and Isle of Man-based run-off insurance business in 2012 have offset reduced earnings in its adjusting services business, which was hit by a lower number of complex claims than the previous year.