Insurer
RBS to shed 640 Direct Line jobs
Royal Bank of Scotland is set to cut more than 600 Glasgow-based Direct Line staff, the BBC reports.
IAG UK reports full year loss of $355m
Insurance Australia Group today announced its UK business had recorded a loss of $355m for the year ended 30 June 2010 (FY09 $113m), a margin of minus 65.5% (FY09 15.2%).
Legal update - tax relief schemes: Ad hoc relief
The repeal of certain tax reliefs for investors has seen a spate of claims against professionals who advised on such transactions. Julian Miller and Tom Pangbourne look at the downfall of the system and its implications for the insurance industry.
Climate change - renewable energy: Learning from mistakes
With the discovery of problems with the foundations of some offshore wind farms, Fraser McLachlan explains what the insurance industry can do to avoid repeating past mistakes.
Climate change - renewable energy: Investing in the future
With high targets on reducing carbon emissions, Daniel Dunkley asks if the government has the political will to invest in renewable energy and how the insurance industry can benefit.
View from the top: Changing for the better
The commercial insurance sector has seen five consecutive quarters of little or no price increases after nearly five years of steady decreases. These are challenging times for any commercial insurer or broker and when the top line isn't increasing, firms…
BIS countdown - Interview - Michael Casella: Commitment to the Chubb cause
The new CEO of Chubb Europe, Michael Casella, has spent 28 years travelling the world with the firm. Now based in London, he tells Jonathan Swift why it set up a new Lloyd's syndicate and why you'll never see it dipping in and out of markets.
Crawford acclaims 18:1 ROI in fraud detection
Crawford & Company is revamping its fraud investigation process in a bid to further improve its detection rate after new figures revealed it is generating a 45% increase in fraud savings for customers compared with 12 months ago.
Retail expansion key as Hiscox remains cautious
Hiscox plans to continue expanding its UK, mainland Europe and US retail businesses despite adopting a cautious outlook for the second half of 2010.
Fusion adds to underwriting team
Fusion has raided Marsh and Allianz for two new recruits to be based in Birmingham.
Ageas boosted by Asia and Belgium with €180m profit
Ageas has reported a net insurance profit of €180m for the first half of 2010, including a life contribution of €178m driven by Belgium and Asia.
Avantia enters home protect market
Avantia Insurance has launched a home protect service to the trade.
Ageas boosted by Asia and Belgium with €180m profit
Ageas has reported a net insurance profit of €180m for the first half of 2010, including a life contribution of €178m driven by Belgium and Asia.
Post Magazine - 26 August 2010
The latest issue of Post magazine is now available to subscribers as a digital interactive e-book.
Post in print - 26 August 2010
Post senior reporter Leigh Jackson outlines the main news from this week's issue of Post.
Moody’s backs insurers to manage Eurozone debt exposure
Ratings agency Moody’s has revealed that it does not expect European insurers to be weighed down by their exposure to heavily indebted Eurozone nations.
Post in print - 26 August 2010
Post senior reporter Leigh Jackson outlines the main news from this week's issue of Post.
Moody’s backs insurers to manage Eurozone debt exposure
Ratings agency Moody’s has revealed that it does not expect European insurers to be weighed down by their exposure to heavily indebted Eurozone nations.
Snowball heralds recovery as Suncorp profits increase A$432m in 2010
Australian financial services group Suncorp has recorded a net profit after tax of A$780m for the full year to 30 June 2010, (2009: A$348m).
ABI issues consumer insurance guide
The Association of British Insurers has published a guide of its top tips and myths to help consumers make the right choices when buying cover.
RSA signs seven figure deal with Patni
Patni has been appointed to deliver application management services to the Codan Group in Scandinavia.
Fortis Insurance UK back in the black after strong Q2
Fortis Insurance UK this morning reported that a profit before tax of £8.4m in the first half of 2010, reflecting improved performance in the second quarter (Q1 2010: £3.2 m loss; HY 2009: £26.0m profit).
Confused loses top spot in aggregator market as owner slams TV campaign
Confused admitted that its most recent TV advertising campaign was "unsuccessful” as it surrendered top spot in the aggregator market.
Admiral reports record H1 profit as it avoids rival's claim pain
Admiral has bucked the trend of motor insurance groups by reporting that it has seen no "unusual trends in bodily injury or damage claims" as it unveiled a record half year profit.