Insurer
Amlin records 9% increase in fleet motor rates for Q3
Amlin has recorded steady results for quarter three 2013 including stable improvement in its UK commercial business logging a 9% increase in fleet motor rates.
Solvency II on track after Omnibus II deal reached
An agreement on Solvency II has been reached by the trialogue parties of the European union, putting an end to years of political wrangling.
Solvency II on track after Omnibus II deal reached
A deal has been reached by the trialogue parties of the European Union on Omnibus II, putting an end to months of political wrangling that threatened to derail the Solvency II implementation deadline.
RSA downgraded on profit warnings
RSA’s financial strength and issuer credit ratings have been downgraded from ‘A+’ to ‘A’ by Standard and Poor’s following its profit warning,
Zurich sees European GWP shrink in first nine months
Zurich's general insurance business recorded a 3% increase in gross written premiums and policy fees to $28.2bn (£17.57bn)in the first nine months of 2013.
Zurich records 2% profit increase to $3.6bn in Q3
Zurich's business operating profit increased by 2% at the end of Q3 2013 compared to the same time last year.
Insurance losses won't top $100m in the Philippines, says Eqecat
As a result of low insurance penetration in the disaster struck areas of the Philippines from typhoon Haiyan, the insurance bill is not expected to be more than $100m according to catastrophe risk modelists Eqecat.
AGCS appoints Asia engineering manager
Chris van Gend has been appointed Allianz Global Corporate & Specialty's regional engineering manager for Asia.
FCA alert to issues with broker sidecar deals
The Financial Conduct Authority has its eye on broker facility deals in the London Market, such as the one forged between Aon and Berkshire Hathaway.
CMS publishes 'practical guide' on claims against law firms
CMS has published a guide on claims against solicitors to assist parties involved in the professional indemnity market for law firms.
XL hires Le Boutillier as senior underwriter for fine art & specie
XL Group has appointed Paul Le Boutillier as senior underwriter for fine art & specie.
HCC swoops for QBE underwriter to boost PI team
HCC International has hired professional indemnity underwriter Nicola Marshall to join its London-based PI team.
Equity hires Aspen’s Katie Wade to replace Andrew Gibson as CFO
Motor insurance specialist Equity has recruited Aspen’s Katie Wade to replace Andrew Gibson as its chief financial officer.
Post Magazine - 14 November 2013
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.
Ex-Davies CEO Crawford resurfaces in consultancy role
Former Davies chief executive Charles Crawford has launched his own consultancy firm 13 months after leaving the loss adjuster.
Eversheds' Jagger joins Pool Re as non-exec
Denise Jagger, a senior corporate finance lawyer and partner at Eversheds, has joined terrorism reinsurer Pool Re as a non-executive director.
IFB levy increase not prohibitive to members who see ‘value for money’
The Insurance Fraud Bureau’s decision to increase its levies for 2014 will not be an obstacle to membership, according to market commentators, as its data sharing capabilities are seen as “value for money”.
Scepticism remains over ‘underwriting discipline’ in Q3
Full-year results expected to take a hit from St Jude storm.
Plum Underwriting expands renovation product to ROI
Plum Underwriting has launched its Home Works product in the Republic of Ireland to protect homeowners undertaking extensive building extension projects and renovations.
Esure posts 1.7% increase in GWP in Q3
Esure posted a 4.8% increase in gross written premiums to £427m in the first nine months of 2013, with motor recording a 4.8% increase and home up 4.2%.
Operation Catcher team to be dissolved in Met streamlining
A Metropolitan Police team charged with prosecuting insurance fraudsters is to be dissolved and amalgamated with another unit within the force, raising concerns in the industry about resourcing for insurance fraud operations.
Insurers dismiss MP’s fear that medical panels could become their ‘captives’
Pre-medical offers remain a fraud concern for Apil.
RSA’s Lee facing ‘personal crisis’ amid share price drop and future uncertainty
Simon Lee’s position as RSA group chief executive is under threat following a week that saw the insurer issue two profit warnings, which triggered a share price plummet, market insiders have claimed.
Editor's comment: Pass me a fork
It appears you can teach an old dog new tricks. Not so long ago I used this space to berate insurers for their lack of action in commercial underwriting, with firms talking the talk but not walking the walk.