Insurer
ABI boss warns of unco-ordinated regulation rush in push to twin peaks
The insurance market has been warned that there is a "danger" of regulation being rushed through, as a number of unanswered questions remain in the run up to new financial regulation next year.
Cobra takeover deadline extended as only Alto remains in the running
The protracted sale of Cobra, which has recently ended up as a one-horse race, has sparked debate among industry insiders as to whether networks represent limited appeal.
Application fraud: Revving up rates
In an effort to bring down premiums, many drivers are telling 'white lies' on their application forms, compelling brokers to beef up their own fraud detection alongside insurers.
Analytics: Cultivating customers with tailored data
Customers need to be offered more than just a cheap deal to persuade them to stay with an insurer, and tailored data can help achieve an increase in retention rates.
View from the top: How safe is your bank?
UK financiers are battening down the hatches as they brace themselves for eurozone write-down effects, warns Andrew Holman.
North of the border: Explosion prompts negligence test
In the recent case of ICL v Johnston Oils (2012) the question was this: when should the court apply the standard of care of the reasonable man, and when should it apply the professional negligence standard?
View from the top: From the outside looking in
Encouraging remarks emphasise that the good work insurers are doing must continue, says Barry Smith.
Opinion: No more 'softly softly' approach to reservation of rights
Reservation of rights as a default position can render it impossible for insureds to finalise annual results, says John Hurrell.
Market moves: A busy week for recruitment
Insurers were the most active recruiters in the industry this week, with Canopius, Mapfre, Zurich and Ace all welcoming new arrivals to their teams. It was also a busy seven days in the broking sector, after BGL, Giles, Miller and Aon made significant…
Four candidates win place on LMA board following 2012 election
The Lloyd's Market Association has named four successful candidates in the 2012 election for membership to its board.
Polish high court upholds Link4 judgment
Poland's highest court has upheld an earlier ruling that an advert for Polish motor insurer Link4 had caused offence to some parties but dismissed claims that it had misled customers.
Euler Hermes pulls cover for Greek importers amid euro concerns
Exporters shipping to debt-stricken Greece will not be able to obtain cover from Euler Hermes for the foreseeable future, following concerns that the country could exit the euro.
ISA 2012: Chinese cool on Western insurance brands and MNC employment
The outlook for the Chinese insurance sector continues to be attractive, but international players are challenged on many fronts, such as limited geographical reach and restrictions over the way they conduct businesses.
AA policyholders keep no claims discount in uninsured driver crashes
The AA's panel of insurers has agreed that the broker's policyholders will not lose their no-claim discount or excess following a crash involving an uninsured driver.
Italian quake losses to hit £560m
Estimates for insured losses from the Italian earthquakes could be as much as £558.5m, it has been suggested, after a second disaster rocked north west Italy yesterday.
Post magazine - 31 May 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
As job cuts hit loss adjusters, firms commit to investing in future talent
The loss adjusting industry has had a tough few months but, as major firms have been forced to shed staff, they are also vowing to continue to invest in the people they have retained.
Buyers back industry preparedness for Eurozone fallout but fear claims
Insurance buyers have commended the UK insurance industry's preparations for a potential fallout if Greece leaves the Eurozone, but warned that the industry will be tested by major claims that arise out of a crisis.
Editor's comment: Taking evasive action
Failure to prepare is merely preparing to fail, or so says the oft-quoted maxim. And this week has all been about UK insurance companies demonstrating this is not a trap they have any intention of falling into with regard to the continued volatility in…
Terrorism and civil unrest: Risky business
With several parts of the world engulfed by violence and civil unrest, is traditional terrorism and political risk cover increasingly irrelevant?
Dispute resolution: Cutting in the middle man
Financial savings and court support have never been sufficient to switch insurers onto alternative dispute resolution in big numbers. Will the Jackson reforms provide the essential incentives?
Few Brits buy travel insurance for holidays, Hiscox finds
Britons are opting not to buy travel insurance for their holidays, research by insurer Hiscox has revealed.
Allianz renews GAB Robins, Cunningham Lindsey and Davies contracts
Allianz Insurance has renewed contracts with GAB Robins, Cunningham Lindsey and Davies for another two years.
Hyperion IPO or sale in next two years, analysts predict
Panmure Gordon analysts have said that an IPO or trade sale of Hyperion is likely in the "next year or two".