Post magazine - 5 April 2012

This week Post reporter Callum Brodie examines the potential Solvency II boost that the developers of flood pool solution Project Noah claim could flow from its introduction.

But while Marsh and Guy Carpenter are adamant their model already has the full support of reinsurers and could break the "deadlock" between industry and government as the Statement of Principles agreement nears its end, primary insurers and the ABI are beginning to speak out against the proposal, questioning its viability and level of industry backing.

In other news, Post reporter Chinwe Akomah follows up on the revelation that the police have turned down an £80m insurance claim for the Sony warehouse burnt down in last August's riots, claiming it was not caused by 'persons riotously and tumultuously assembled'.

Have other insurers behind large commercial property losses faced similar rejections or claim difficulties? What percentage have been settled and monies recovered seven months after the events across the UK?

Elsewhere, Post summarises the implications of last week's landmark Supreme Court judgment, which finally determined that the insurer on risk at the time of a worker's exposure to asbestos should respond to their claim for mesothelioma - no matter the nuances of the policy wording in question.

We also detail moves to improve access to motor insurance for older drivers, and the apparent surge in Lloyd's insurers teaming up with MGAs.

Feature articles not to be missed this week include the latest quarterly aggregator analysis pinpointing trends, developments and price movements; an in-depth interview with Nicolas Aubert, UK MD of Chartis, as its annual report and 2011 results are unveiled; and an update on how successful or otherwise the Ministry of Justice has been at tackling the ‘text pests' that routinely encourage individuals to claim for personal injuries from an accident that may well never have occurred.

Enjoy the read!

Lynn Rouse, editor, Post.

Read the 5 April edition of Post.