Insurer
CMC launches global insurance consultancy
CMC Insurance, a global consultancy aiming to rival the big four in the insurance and reinsurance space, has been launched by the team behind banking consultancy CMC Europe.
Europe: International Product Recall
Food contamination issues can be extremely serious - and even if it happens in a country many thousands of miles away, news travels fast, which could mean bigger insurance implications for the companies involved.
Co-op insurance profits up ten-fold despite 'disastrous' year
The Co-operative has seen insurance profits leap upwards in 2013, with the mutual attributing the boosted results to improved claims experience and strong performance of its home portfolio.
Ferma prepares to launch benchmarking survey
The Federation of European Risk Management Associations will launch its benchmarking survey on Tuesday 22 April in the UK and 19 other European countries.
Arista hires Fletcher for Midlands role
Arista Insurance has appointed Mick Fletcher as senior development underwriter focusing on the East Midlands area.
RSA to dispose of Polish and Baltic operations
RSA is selling its businesses in the Baltics and Poland for £300m – a move which will add around £200m to the insurer’s net assets.
Ferry sinks off South Korea leaving 280 missing
Nine people have been confirmed dead and at least 280 remain missing after a ferry carrying 459 people capsized and sank off the coast of South Korea on Wednesday morning.
Collinson launches insurance and assistance brands
Collinson Group is targeting revenue “close to £350m” over the next 12 months following a restructure that has seen it launch two distinct entities for insurance and assistance.
Gallagher's Ross eyes 'Ronaldo-type business' signings in personal lines
Arthur J Gallagher’s appointment of Adrian Brown signals a temporary transition from a commercial lines focus to an “adrenaline surge” into the firm’s personal lines offering, according to Gallagher International chief executive David Ross.
Axa overhauls PL intermediary for development underwriter model
Axa is to embark on a radical restructure of its personal lines intermediary division, providing brokers with more access to underwriters in their own offices.
Axa's Karen Hogg resigns three months into strategic partnerships role
Axa’s director of strategic partnerships Karen Hogg has resigned just three months after stepping into the role.
PL market 'underserved' by commercial-focused brokers says Brown
The personal lines market remains poorly served by commercial-based brokers according to newly appointed Gallagher executive chairman of underwriting and distribution Adrian Brown.
British Insurance Awards 2014 shortlist video
On 9 July 2014, Post will celebrate 20 years of the renowned British Insurance Awards, and what a spectacular two decades it has been.
RSA tipped to review scale of UK operation following Brown departure
Industry commentators are unanimous Adrian Brown’s departure from RSA is a loss for the company amid suggestions group chief executive Stephen Hester could now look to downsize its UK operation.
Quindell signs deal as Ebitda rises
Quindell has reported gross sales of almost £163m in the first quarter of 2014, as its subsidiary 360 Globalnet has agreed two five-year property claims deals worth £20m with an unnamed direct UK insurer.
Novae to manage Stride MGA Portus Underwriting
Stride Insurance Group has launched a new managing general agent facility for property owners insurance backed by the Lloyd’s market.
Calls for tougher sentences for heritage crime backed by Ecclesiastical
Ecclesiastical has described government proposals for tougher sentences for criminals damaging heritage and faith buildings as “a positive step in the fight against heritage crime”.
Brindle’s departure to spark short-term uncertainty
Investment bank Espirito Santo says the “shock announcement” of Richard Brindle’s departure from Lancashire Holdings will initially be taken negatively by the market.
Post magazine – 17 April 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.
Lorega launches online tool for brokers
Lorega has launched an online quote-and-buy facility for brokers allowing access to its range of commercial products for SME clients.
Aviva simplifies Italian life joint ventures
Aviva has reached an agreement with UBI Banca and Unicredit to restructure its life joint ventures in Italy.
Brindle retires from Lancashire amid leadership shuffle
Lancashire Holdings founder and group chief executive Richard Brindle is retiring from the business at the end of the month.
Disability charity says home insurance websites discriminate against disabled
Badly designed websites could be leaving major UK home insurers exposed to potential discrimination lawsuits by excluding more than 11 million disabled consumers from purchasing cover online.
Gallagher CEO Ross hails 'huge hire' of RSA stalwart Brown
Arthur J Gallagher has welcomed the hire of RSA UK and Western Europe chief executive Adrian Brown to its board.