Insurer
Lloyd’s insurer closes in on KGM acquisition as it looks to diversify book
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Quinn confirms number of voluntary redundancy applications exceeds target
In a statement Quinn said that the deadline for receiving ‘expressions of interest’ for voluntary redundancy has now passed and it has advised the employee representative committees it will revert to all voluntary redundancy applicants no later than 14…
Post Magazine - 27 May 2010
Subscribers to Post can now read the latest edition online as a digital interactive e-book.
Post in print - 27 May
Post reporter Amy Ellis gives a snapshot of some of the main news stories in this week's issue of Post including: LV loses out to Fortis; Stuart Randall returns to market; RBSI loss adjusting decision; Direct Group completes Evander buy; and Aviva…
Bangladesh, Indonesia and Iran top natural disaster ranking
Bangladesh, Indonesia and Iran have been rated as the nations most at risk from extreme weather and geophysical events according to a new study ranking 229 countries on their vulnerability to natural disasters.
Randall start-up Ataraxia has first three brokers in its sights
Former Brokerbility chief executive Stuart Randall has teamed up with senior staff from Evergreen and Axa for his return to the insurance market.
PWC predicts M&A to pick up in Spanish financial services market
The rescue of CajaSur is likely to spark a wave of mergers in the Spanish financial services market as the Spanish Government pushes forward with its plans to merge those institutions to strengthen the market.
More analysts warn on Prudential’s AIA deal
A chorus of opposition is growing against Prudential's $35.5bn takeover of AIA, with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote, according to newswire Reuters.
Alterra insurance chief to retire
Alterra Capital has announced that Angelo Guagliano, president and CEO of Alterra Insurance, will retire at the end of May.
Transocean cannot cap Deepwater Horizon liability says court
Transocean cannot use a 150-year- old statute to cap its liability against claims arising from the Gulf of Mexico oil spill, lawyers for victims of the disaster said at a hearing in federal court in Houston, according to newswire Bloomberg.
PWC predicts M&A to pick up in Spanish financial services market
The rescue of CajaSur is likely to spark a wave of mergers in the Spanish financial services market as the Spanish Government pushes forward with its plans to merge those institutions to strengthen the market.
XL grows professional lines underwriting team
XL insurance has added two new staff to the financial institutions division of its professional lines underwriting team.
Penny Black's insurance week
Keeping a low profile at last week's British Insurance Brokers' Association conference, Penny did manage to sneak into a conference session chaired by the body's technical services chief Peter Staddon.
Looking Back 10 years: Government to centralise insurance
The government wants to set up a single standard insurance package for MPs and their staff in a move to replace the existing antiquated system.
Looking back 30 years: Cricket bucks sports club claims trend
Some insurers have stopped writing personal accident business for sports clubs, in view of poor claims experience.
Looking Back 50 years: British wives dd to family income
Some time ago in the Insurance Forum, when quoting statistics and comments about women in the US who have added to the family income by taking part-time or full-time employment, I said that the position in this country would probably be broadly similar.
Career development & CSR news: M&S and NFU top customer service awards
Consumer Intelligence has launched an awards event for the motor and home insurance sectors aimed at improving the customer offering.
Law report: Injunction granted pending compliance with an earlier judgment
Mentmore Towers and others v Packman Lucas (Queen's Bench Division — Technology and Construction Court — 16 March 2010)
Allianz corporate secures First Direct account
Allianz corporate partner has secured a three-year deal with First Direct, part of HSBC Group, to provide mobile phone insurance for First Direct’s 70 000 account holders as of 1 June 2010.
Legal update - referral fees: Simple complexity
Lord Justice Jackson views referral fees as "offensive and wrong in principle" but Helen Withers argues that an outright ban may generate more losers than winners.
Solvency II - P&I Clubs: No going back
P&I clubs depend on their ability to call on members for additional cash. Alistair Groom asks whether Solvency II will increase the likelihood of any supplementary summons.
Motor - Provisional drivers: Practice makes perfect
Rachel Gordon reports on the growing trend for motor insurers to offer cover to drivers holding a provisional licence.
Insurance buyers - Mactavish report: There may be trouble ahead
The recent Mactavish report had some severe criticisms for the commercial insurance sector. Sam Barrett reports on the warnings it contained.
Postbox: Educate your customer
The recent suspension of flights caused by the volcanic ash cloud from Iceland has caused much inconvenience and frustration for travellers. Regrettably, this frustration has been exacerbated by inexpert advice to travellers about how they may recover…