News
Claims Club news: ABI rules out centralised flood response body
The Association of British Insurers is poised to reject the concept of having a centralised response to surge events, which could have seen streets allocated a specific loss adjusting firm to moderate claims.
Relaunch of UK's first Takaful insurer hits the skids
The rescue and relaunch of the UK's first Shariah-compliant insurer Salaam Halal has fallen through over disagreements with its prospective backer, Post has learnt.
Chaucer confirms bid rumours as Terra Firma enters frame
Chaucer has again become the subject of speculation in the market after it was revealed "a number" of potential buyers have made provisional approaches for the firm.
Motor and home claim costs reach £1.4bn after freeze
Total costs for motor and home claims reached £1.4bn between during 24 November to 31 December 2010, as the big freeze swept across the UK, figures released by the Association of British Insurers have revealed.
Markel plays down losses from antipodean disasters
Markel International does not expect its future profits to be badly affected by the New Zealand earthquake and recent Queensland flooding, after previous catastrophe events added six points or $33m (£20.5m) to its 2010 full-year combined ratio.
Career development & CSR: More Than take campaign to Manchester
More Than is to take its road and fire children's safety campaign sponsorship to Manchester.
Career development & CSR: Cable calls for increased focus on apprenticeship schemes
Business secretary Vince Cable and skills minister John Hayes have urged more employers to drive economic growth by creating a new generation of skilled workers, while underlining the government's commitment to increase the budget for apprenticeships to…
Towergate cancels foreign travel plans
A high level of interest from bond investors in London and Edinburgh saw Towergate management cancel travel plans to meet potential investors in Europe and the US last week, and conclude its refinancing arrangement on UK soil.
Post history - 30 years ago: IIA chairman renews stability call
Looking through Post's back catalogue paints a unique picture of mroe than 150 years of insurance news, as this highlight from 30 years ago reveals.
Zurich seeks to reduce fleet claims through deal
Global driver-safety firm Greenroad has signed a deal with Zurich fleet client Iron Mountain to roll out its service across the UK.
US insurers 'irritated' by equivalency scheme
Some US-based insurers find plans to align more closely with their European counterparts under the Solvency II equivalency scheme 'irritating'.
Corporate bond market to "triumph"
Legal & General has advised investors to keep an eye on the corporate bond market in 2011.
Corporate bond market to "triumph"
Legal & General has advised investors to keep an eye on the corporate bond market in 2011.
Banks pledge to lend more to SMEs
The government has welcomed a commitment by the UK's largest banks on lending expectations and capacity.
AIG to strengthen Chartis balance sheet by $4.1bn after loss reserve review
Following completion of its annual comprehensive loss reserve review, AIG said today it expects to record a $4.1bn charge, net of $446m in discount and loss sensitive business premium adjustments, for the fourth quarter of 2010 to strengthen loss…
Purple signs 50th member
The Purple Partnership has reached its 50th member with Sheffield-based Fletcher Smith Insurances.
Insurer scoffs at ABI gender ruling warning – Insurance News Now – 10 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories, including the refusal of specialist female insurer Shelia’s Wheels to accept the Association of British Insurers’ suggestion that it could potentially have to re…
Insurer scoffs at ABI gender ruling warning – Insurance News Now – 10 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories, including the refusal of specialist female insurer Shelia’s Wheels to accept the Association of British Insurers’ suggestion that it could potentially have to re…
Phil Bird departs Groupama after claims shake up
Groupama Insurances has announced that it has restructured its claims organisation to "ensure it is more closely aligned with the company's business divisions".
North West broker in double win
Chester-based insurance broker Astbury Wren has had a double client win that will see it providing commercial insurance services to Age Concern and Nugent Care.
Xchanging predicts year-on-year fall in 2011 profit
Xchanging chief executive and founder David Andrews has stepped down from the role of chief executive with immediate effect.
Xchanging predicts year-on-year fall in 2011 profit
Xchanging chief executive and founder David Andrews has stepped down from the role of chief executive with immediate effect.
Powerplace hit by Reed departure
Towergate-owned trading platform Powerplace has confirmed the departure of chief executive Matthew Reed.
Novae finalises run-off closures
In an announcement to the London Stock Exchange, Novae has confirmed it has closed two of its run-off syndicates, while predicting its pre-tax profit for 2010 will reach at least £34m.