Insurer
Weather index MGA to target brokers after securing capacity
The first UK-flagged weather index coverholder is targeting a range of smaller broking partners after securing underwriting capacity from a panel of market players.
Ageas signs five year partnership extension with Toyota
Ageas and Aioi Nissay Dowa Insurance Company of Europe have announced a new five year deal regarding the provision of insurance to Toyota’s 1.3 million UK Toyota and Lexus customers.
Gable sees 43% H1 GWP leap
Gable Holdings has reported a 43% increase in gross written premiums for the six months ended 30 June 2014 to £39m (H1 2013: £27.3m).
Gable partners with Iprism on £100m UK agreement
Lichtenstein-based insurer Gable has partnered with Iprism Underwriting Agency to write commercial business in the UK market.
XL transfers kidnap and ransom underwriter to Asia
XL Group has transferred kidnap and ransom underwriter Alex Smith to Hong Kong to establish a kidnap and ransom capability in Asia.
Conservative peer awarded top EC finance brief
Conservative peer Jonathan Hill, a former PR man and education minister, has been appointed as the new European commissioner for financial stability and regulation.
Sportscover enters strategic talks with Hamilton Insurance Group
Lloyd's insurer Sportscover and Bermuda-based property and casualty insurer Hamilton Insurance Group have entered into exclusive talks around the future control of Sportscover Underwriting.
Three quarters of professionals undervalue property and possessions
Three-quarters of professionals risk losing thousands of pounds when making claims on their home insurance policy because they have underestimated the value of their property and possessions, according to research by financial advisory service Wesleyan.
Hiscox looks to RSA for partnerships hire
Hiscox has appointed RSA's Robert Moore as its UK direct and intermediated partnerships head.
RSA affinity director promoted to broker director for UK personal lines
RSA has appointed Tim Wright as director of broker for its UK personal lines business with effect from 1 October 2014.
Post magazine – 11 September 2014
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Poor practice from insurers is to blame for rise in rehabilitation fraud
Absolute Partnership investigators discover ‘surprisingly high defect rate’
Delay dismissed as My Licence launch is tipped for coming weeks
The My Licence hub is just weeks away from launching, according to the Motor Insurers' Bureau.
Point-of-quote fraud predicted to rise in new survey
A new study reveals that 42% of insurance professionals believe point-of-quote fraud has risen over the last 12 months. Nearly two thirds (63%) think this type of fraud will continue to rise in the next five years.
DAS' Weekes promoted to UK broker sales manager
Legal expenses insurer, DAS, has promoted Darren Weekes, its broker sales manager for the southern region to the newly created position of UK broker sales manager.
Swedish flood claims more than double in 2014
Sweden’s insurers face a heavy hit from natural catastrophe claims, as the number of flood damage claims lodged reaches more than double the previous year’s total.
Lloyd’s market’s ‘A’ IFS rating affirmed
The Lloyd's market has had its ‘A’ financial strength rating and ‘A+’ issuer credit rating affirmed by AM Best.
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.
Editor's comment: We must value our talented women
If there is one sector lower down the public affection pecking order than insurers, it’s payday lenders.
Solvency II capital requirements prove too onerous for Gibraltar‑based firms
Smaller motor insurers line up to leave market as EU capital‑raising measures loom
Insurers to feel due diligence strain if trade sanctions against Russia broaden
EU’s new list of sanctions is on hold while Russia and Ukraine ceasefire is in place
Unrated insurers set for reduced share of solictors’ PI market as renewals loom
Law firms becoming ‘increasingly aware of unrated security issues’
Sarah Bill’s worth called into question by claimant and defendant lawyers
‘Ambiguous wording’ cited among major qualms with draft legislation
North of the border: A shift in Scottish solicitor regulation
The Law Society of Scotland has launched two consultations on significant changes to the regulation of solicitors in Scotland.