Claims
CFC and Crawford link up for claims admin
CFC Underwriting and Crawford & Company have formed a strategic partnership to deliver a claims administration interface for CFC's brokers and its clients.
Helphire in talks to cut non-GTA deals
Credit hire operator Helphire has revealed it will complete scaling down its business by June, after posting a loss of £400 000 in the second half of 2009.
North of the Border: one action in respect of one wrong principle confirmed
Scotland's Court of Appeal confirms principle that a claimant can have only one action in respect of one wrong.
Allianz ups motor rates by 24% in 2009
Allianz's UK profit rose 5.2% to £203.7m in 2009 despite a 5.4% fall in gross written premium in its retail division to £579.9m as a result of corrective action on private motor rates, which increased by almost a quarter.
RBSI catches a claims "cold"
Royal Bank of Scotland Insurance has reported its first ever quarterly loss during the last three months of 2009, blaming the "industry phenomenon" of the UK claims environment for a £170m hit.
£3m pledged by ABI to help research asbestos
Insurers have pledged £3m to support research by the Ministry of Justice into asbestos- related diseases.
Cunningham Lindsey in staff pensions consultation
Loss adjuster firm Cunningham Lindsey is in consultation with staff over plans to close its final salary pension scheme to more than 300 members, Post has learnt.
Industry challenged to meet 2013 deadline
By December 2013, every single UK broker and insurer will exceed a minimum threshold in terms of the number of their staff qualified to advanced diploma level. That is the vision of the Insurance Profession Task Force that has today unveiled the…
South America hit by worst earthquake in decades
South America's worst earthquake in 50 years has killed more than 700 people and caused total losses of up to $30bn (£20bn).
Axa Corporate Solutions reports €1.93bn annual turnover
Axa Corporate Solutions posted a 2.3% growth in 2009 turnover on a comparable basis, reaching €1.93bn (£1.75bn), while underlying earnings were up by 17% at €133m.
Axa Corporate Solutions reports €1.93bn annual turnover
Axa Corporate Solutions posted a 2.3% growth in 2009 turnover on a comparable basis, reaching €1.93bn (£1.75bn), while underlying earnings were up by 17% at €133m.
Chile quake may be most expensive for insurers since 1994 – Munich Re
If quake damage costs insurers $8bn, as predicted by Eqecat, it will be the 2nd most expensive in history.
Editor's comment: A declaration of intent
The unveiling of the Aldermanbury Declaration could mark a turning point for the insurance sector.
Wuerttembergische Versicherungen agrees software deal
Insurer Wuerttembergische Versicherungen will optimise the scheduling of about 120 employees working in customer service at its Stuttgart site using workforce management solution In Vision Enterprise WFM.
Wuerttembergische Versicherungen agrees software deal
Insurer Wuerttembergische Versicherungen will optimise the scheduling of about 120 employees working in customer service at its Stuttgart site using workforce management solution In Vision Enterprise WFM.
Crawford sends back-up to Chile
Crawford & Company has mobilised its extensive staff of in-country, regional and Global Technical Services adjusters to handle the losses resulting from the devastating earthquake that impacted Chile on Saturday.
AI Claims wins "significant" intermediary deal
Credit hire firm AI Claims reported revenue increased by 59% to £38.2m (2008: £24.0m) for the six months ended 31 December 2009. Its EBITDA increased by 26% to £1.548m (2008: £1.225m) and adjusted profit before tax increased by 27% to £906k before IFRS 2…
Fitch: French windstorm losses material, but managable
Fitch does not expect losses from the catastrophe to result in a material capital erosion for the French insurance market. The agency expects that the rating actions due to the storm are likely to be limited.
Fitch: French windstorm losses material, but managable
Fitch does not expect losses from the catastrophe to result in a material capital erosion for the French insurance market. The agency expects that the rating actions due to the storm are likely to be limited.
RSA hit with £30m earthquake loss
RSA expects a financial impact of £30m, net of reinsurance, for claims arising from the earthquake in Chile.
Post in print - 25 March issue
Dan Dunkley outlines the major news headlines from this week's issue of Post, including CGS founders considering start-up, MMA to open three new branches, Medicals Direct targeting £40m turnover, Oval's purchase of JL Fisher and Junction seeking new…
40 killed in Europe windstorm
Northern and western France and parts of Germany have been battered by a severe windstorm in the last 48 hours that has caused at least 40 deaths.
40 killed in Europe windstorm
Northern and western France and parts of Germany have been battered by a severe windstorm in the last 48 hours that has caused at least 40 deaths.
Xchanging grows revenue by 35%
Xchanging has reported a 35% increase year-on-year in revenue to £750.4m in 2009 (2008: £557.8m) while underlying operating profit also grew 35% to £63.9m (£47.3m).