Insurer
FSCS levy proposals could see MGAs facing the same liability as brokers
Managing general agents face being liable to bail out failed independent financial advisers or mortgage intermediaries that exceed the upper threshold of the Financial Services Compensation Scheme levy under new proposals.
LV reduces broker rates after losing out to competitors
Uncertainty in the general personal lines market has led LV to reverse its strategy of hardening rates after the company's PL broker book lost out to competitors in the first half of the year.
Aviva to exit US general insurance market after ending Hiscox deal
Aviva is withdrawing from the US general insurance market following a decision to end its two-year reinsurance quota share agreement with Hiscox's US property catastrophe book. The arrangement dates back to the 2010 financial year.
ABI demands Riot Damages Act reform one year on from civil unrest
Industry leaders are calling for urgent reform to the Riot Damages Act 1886 after publishing comprehensive claims data on the eve of the first anniversary of the UK riots.
Compare the Market launches refreshed landlord website
Compare the Market has unveiled a "new and improved" price comparison offering for landlord insurance.
Financial advisor caught cheating in CII exam
A financial advisor will not be allowed to sit any Chartered Insurance Institute exams for two years after he was caught cheating in May.
Vienna Insurance completes merger of Polish insurers
Vienna Insurance Group has completed the merger of non-life insurers InterRisk and PZM, concentrating its market presence in the core Polish market.
Mitsui employee Yoshie Ueno scoops judo bronze at London Olympics
Mitsui Sumitomo Insurance employee and sporting champion Yoshie Ueno won bronze medal in the women's under 63kg judo competition yesterday at the London 2012 Olympics.
Post magazine - 2 August 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Mitsui Sumitomo worker claims Olympic bronze
Mitsui Sumitomo hailed the Olympic success of one of its own today after staff member Yoshie Ueno claimed bronze in the women's under 63kg judo competition.
Editor's comment: Meritable but marred
After years of wrangling over questions of fairness, viability and necessity - not to mention extended periods in political limbo - this week we finally witnessed the creation of an insurance fund of last resort for mesothelioma victims.
Insurance Mediation Directive II: Broking new ground
The European Commission's controversial Insurance Mediation Directive II proposals are aimed at unifying the sale of cover across the continent and increasing consumer protection. But how have the recommendations been received by the broking and buying…
Interview: Jelf’s Phil Barton - shooting to success
Phil Barton's football career was cruelly cut short, but that didn't stop him reaching the insurance big league. The Jelf insurance chief executive explains how, in the past two years, his tactics have transformed the firm, and outlines his goals for…
No compensation for 3000 asbestos victims not included in new scheme
A new insurer-funded government compensation scheme for mesothelioma victims has been criticised for excluding sufferers of other asbestos-related diseases who might have received financial support under the shelved Employers’ Liability Insurance Bureau.
Music mogul recruits expert team for insurance industry ‘game-changer’
A music industry executive who signed rock band The Killers has set his sights on cornering the insurance market by using digital technology to sell and promote personal and commercial products through social media.
€1.7bn Quinn Insurance administration costs is 'shocking', says High Court president
Justice Nicholas Kearnes has described the €1.65bn administration costs for Quinn Insurance as "truly shocking".
Heath Lambert integration costs fail to halt Gallagher growth momentum
Arthur J Gallagher has chalked up a strong first half to the year, despite the continued Heath Lambert integration costing the business $3.3m (£2.1m) in H1 2012 - a $1.5m rise on the same period last year.
RSA recruits Cofunds boss for distribution role
RSA has confirmed that Cofunds head of commercial Russell Lancaster will join as distribution director for the UK commercial business in early September.
China Taiping exits NZ market amid rumours of reinsurance difficulties
China Taiping Insurance is withdrawing from the New Zealand market with immediate effect.
Insurance Europe 'disappointed' with IAIS over systemic risk methodology
Insurance Europe criticised the International Association of Insurance Supervisors' methodology for identifying systemically important insurers today in its response to a consultation paper by the IAIS.
IAIS methodology consultation sparks Insurance Europe 'regrets'
Insurance Europe has responded to the consultation by the International Association of Insurance Supervisors on its proposed methodology for identifying global systemically important insurers.
Aviva offloads east European life insurance units
British insurer Aviva has agreed to sell its east European life insurance businesses to US rival Metlife.
Xchanging operating profit hits £14m, but results fall below expectations
Insurance solutions provider Xchanging posted a statutory operating profit of £14m for the first six months of 2012, representing an increase of £10.8m on last year.
Garwyn oil and gas expert Baillie joins Argent Liability Adjusters
Argent Liability Adjusters has recruited Allan Baillie, Garwyn expert in the onshore and offshore oil and gas sector, to the firm's Glasgow office.