Insurer
Europe: A Rock and a hard place
The row between Spain and Britain over Gibraltar may have put insurance firms in the country in an unenviable position. Mark Sands explains.
Tom de Swaan appointed Zurich chair
Zurich Insurance Group has appointed Tom de Swaan as its chairman after Josef Ackermann stepped down last month following the death of the group’s chief financial officer.
Unscrupulous 'slam on' fraudster set for sentencing
A crash for cash fraudster who put lives at risk after deliberately pulling out in front of a bus is awaiting sentencing after claims investigators referred the case to the Metropolitan Police.
DAS reports lack of interest in 'rights for shares' scheme
Legal challenges relating to legislation that enables employees to sacrifice certain employment rights in return for company shares are expected to increase in the long-term, despite a limited take-up in the scheme so far.
Spain dispute designed to distract says Gibraltar
The Spanish government is using a diplomatic row with the UK and Gibraltar to distract from internal problems, according to Gibraltar finance minister Albert Isola.
85 changes to funding Scottish civil litigation recommended
A review into the expenses and funding of civil litigation in Scotland has recommended 85 changes to the current system including solicitors being able to offer their clients "no win, no-fee" agreements.
Spain tensions designed to distract says Gibraltar government
The Spanish government is using a diplomatic row with the UK and Gibraltar to distract from its own internal problems, according to Gibraltar finance minister Albert Isola.
View from the Top Simon McGinn: Getting ahead of ourselves
While recent results are encouraging, now is not the time for the insurance industry to rest on its laurels
Post magazine – 11 September 2013
This week's issue of Post is now available to subscribers.
BGL extends relationship with National Accident Helpline on PI claims
BGL and National Accident Helpline have reached an agreement, which will see Minster Law, part of BGL’s legal services business, and NAH work in closer harmony on personal injury claims.
Axa reveals regional trading teams following broker feedback
Axa has unveiled its commercial lines and personal intermediary regional broking managers responsible for leading sales teams across the country.
Your say: Celebrate Aldermanbury success
Last week’s article ‘Aldermanbury initiative’s future unclear as insurers struggle to meet its terms’ (5 September) questioned the success and future direction of the Aldermanbury Declaration.
Editor's comment: What’s on your wish list?
A J Gallagher is aiming to become a top-three retail broker with its £233m acquisition of Giles, but to achieve this market commentators have said it will need to put efficiency and synergies on its wish list, as its combined operation is estimated to…
Poor GI results could see Capita sell broker businesses at knock-down price
Analysts doubtful firm could secure private equity backing
Proposals to block broker deals with unrated insurers snubbed by the market
Reid told onus is on brokers to ensure passporting firms are 'financially sound'
Four on trial for involvement in ghost broking scam
Four men who were allegedly part of a motor insurance ghost broking scam are on trial in London for either laundering the proceeds or being directly involved in the scam.
Biba urges FCA to leave brokers out of complaints review and focus on insurers
DLG, Aviva and Allianz are top three GI firms in terms of number of complaints
Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
Allianz’s Chris Hanks re-emerges as Liberty non-exec
Chris Hanks, previously commercial general manager at Allianz, is set to return to the insurance industry as a non-executive director at Liberty Mutual, sources have told Post.
Post Claims Club: Business strategy must lead the way in IT integration says RSA claims director
The key to successful IT integration is the development of a clear business strategy and operating model, according to RSA personal claims director Ben Horton.
Career file - Bertrand Poupart-Lafarge: Axa Canada CFO moves to UK
Axa Canada chief financial officer Bertrand Poupart-Lafarge has been named new CFO at Axa UK.
Post Claims Club: Pregnant women exempt from ‘game changing’ legislation
Insurers should be aware that fundamental changes removing strict liability from employers’ liability civil claims where fault is not an issue will not relate to pregnant women.
Post Claims Club: Scottish solicitor covets England’s ‘one size fits all’ fatality claims setup
Claims awards for fatal accidents in Scotland could be made “fairer” by imitating the “one size fits all” approach adopted in the English courts, according to BTO solicitors partner Carly Forrest.
Market Moves: Insurers flood back into recruitment market with raft of key hires and promotions
Insurers swarmed the recruitment space this week, redressing a balance that has seen brokers dominating. The start of September saw a number of new recruits, with appointments rising in both the London and companies market. XL, Markel, First Title and…