Commercial
High Speed 2: On the right tracks
The size and complexity of the HS2 rail project means there is plenty for insurers to get their teeth into — but will the inherent technical risks outweigh the potential benefits?
Power Place to accelerate expansion following Montagu investment
Open International chief executive Chris Guillaume has turned his attention to propelling the firm’s Power Place business into the complex commercial and SME arenas after agreeing a “long term” partnership with private equity investors Montagu.
Video: Allianz Commercial general manager Simon McGinn (Part Two)
In the second of two videos Allianz Commercial general manager, Simon McGinn discusses how his business plans to connect with brokers to help it achieve its objectives, and what concerns he has over renewed levels of consolidation among intermediaries.
RSA plays down redundancy speculation
RSA commercial managing director John Hancock downplayed suggestions of large scale job cuts at the insurer, despite news that it plans to cut 19% of its UK expense base.
Video: Allianz Commercial general manager Simon McGinn (Part One)
In the first of two videos Allianz Commercial general manager, Simon McGinn discusses his businesses five year plan to be the largest insurer in its chosen market.
Interview: Christian Hinsch and Richard Taylor: a winning strategy
HDI Gerling’s chairman Christian Hinsch and UK managing director Richard Taylor tell Post their firm is entering a new phase in its evolution – and reveal what they’ve learnt from the German World Cup-winning football team
Industry defends removal of delayed settlement clauses from Insurance Bill
Plans to allow business claimants to seek redress after delays may yet be restored
War risks market faces 'substantial rate increases' in wake of MH17 loss
The war risks market is likely to experience “substantial rate increases” following the total loss of Malaysia Airlines flight MH17, according to a report by AM Best.
Disputed commercial claims taking 35 months to settle
Disputed commercial claims are taking almost three years to settle on average, according to a study by insurance governance specialists Mactavish, with roughly half of claims being contended by insurers.
Treasury unveils final Insurance Bill
HM Treasury has today introduced the long-awaited Insurance Bill to reform commercial contracts, and better equip UK firms to compete against their international peers.
MPs and insurers warned new licencing act may hinder fraud investigations
Insurers have been warned that the new licencing arrangements for investigators could prove a hindrance, not a help, to their fraud teams.
Zurich heralds 'quantum leap' following SME e-trading launch
Zurich commercial broker interim managing director Richard Coleman believes the launch of a broker-only SME digital trading platform puts his firm “way ahead of the competition”.
Coleman to head up Zurich commercial broker on interim basis
Zurich’s commercial broker business will be led by the insurer’s SME director Richard Coleman on an interim basis following the temporary promotion of David Smith to the role of UK general insurance chief executive.
RSA to sell Chinese arm to Swiss Re for £71m
RSA Insurance Group has agreed a deal to sell Sun Alliance Insurance (China) to Swiss Re Corporate Solution.
Interview: Nigel Minett: Flying high
Nigel Minett’s long career in loss adjusting has seen him deployed in all corners of the globe. Now in the cockpit as McLarens Aviation managing director, he tells Post how his international experience will ensure the firm’s expansion plans really take…
Legal Update: Occupiers Liability: Swooping seagull fall not owner’s fault
Judge rejects argument in Kelly v Riverside Inverclyde (Property Holdings Ltd (2014) that the building occupier was responsible for seagulls nesting. Steve McDonagh reports.
Brunel appoints Ladkin as non-executive chairman
Brunel Professional Risks has appointed Chris Ladkin as non-executive chairman as it sets its sights on becoming one of the UK’s largest independent brokers.
RSA CEO Hester breaks silence on new UK boss Steve Lewis
RSA group chief executive Stephen Hester has proclaimed Steve Lewis will provide the "strong leadership, energy and commitment to make the changes that will ensure the future success of our UK and Western Europe businesses".
AIG launches revamped commercial property covers
AIG has launched a new line of products for commercial property insurance, including expanded coverage, loss prevention engineering and risk management solutions for mid-sized businesses with global exposures.
Cyber fear outweighs board level ownership
Only 14% of medium to large-sized companies have an insurance policy in place against cyber risk, according to a poll by Marsh, despite more than half (56%) of those surveyed placing it in the top five risks faced by their firm.
Airmic 2014: Hurrell champions longer renewal process
The renewal process on commercial insurance policies should be brought forward by 60 days in order to reflect a changing business environment, according to the chief executive of risk management organisation Airmic.
Head to Head: Commercial rates
This year’s Airmic conference, taking place at Birmingham’s International Convention Centre, will see insurers and risk managers come together to share experiences and influence forward thinking. Post asked some leading industry figures to go head-to…
Your say: Investing in fraud specialists
The latest fraud results announced by the Association of British Insurers demonstrate once again that fraud is a risk that our industry cannot ignore as unchecked it will eradicate any marginal bottom lines in what continues to be a tough market for most.
Riot Damages: A north and south divergence
2014 appears to be the year for appeal cases dealing with riot damage.