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Judge blasts Equity's 'insouciance' despite legal win on BTE lawyer choice
Before-the-event legal expenses insurers have had their conduct condemned in the Court of Appeal despite securing a legal victory.
Editor's comment: Paying the price for profitability
As 2012 draws to an end, UK insurance industry debate centres on the one topic most likely to dominate headlines come the new year: profitability pressures in the motor insurance market.
Aquiline boosts Lloyd's foothold with cut-price acquisition of Equity Red Star
Aquiline Capital Partners' acquisition of Equity Red Star for £87m – a far cry from the £570m IAG paid for Equity Insurance Group in 2006 – marks the New York-based firm's latest foray into the Lloyd's market.
IAG sells Independent Commerical Brokers for £10m
Insurance Australia Group has sold Independent Commercial Brokers to the existing management team for £10m.
Lloyd's investigation into Utley to conclude next year
The Lloyd's investigation into three former senior figures at Equity Red Star, including Hastings Insurance Group chairman Neil Utley, could conclude around the middle of next year once the Accountancy & Actuarial Discipline Board completes its own…
Scor attributes £5.7bn GWP to a 'robust' business approach
Global reinsurer Scor delivered a 13% jump in gross written premiums to €7.2bn (£5.7bn) in the first nine months of the year owing to "increased visibility in the industry".
Equity Red Star takes over three Ecclesiastical motor accounts
Motor insurer Equity Red Star has picked up three motor schemes written by Ecclesiastical for its subsidiary South Essex Insurance Brokers.
Insurers await outcome of 'dishonest' evidence appeal in Axa case
Several insurers are awaiting a Court of Appeal decision on Axa's use of allegedly "false" Autofocus evidence before potentially resuming out-of-court negotiations with Accident Exchange.
Tungsten founder Truell admits Equity discussions
Edmund Truell has told Post that he has entered into negotiations with motor insurer Equity, adding that he is keen to pursue the deal.
Brownsword recruits LV claims director
Former LV claims lead Phil Anderson has joined Brownsword to act as head of the claims management specialist's advisory board.
Tungsten evaluating Equity bid
The investment vehicle, helmed by Edmund Truell, is believed to be considering an offer for the IAG-owned insures.
IAG maintains silence on UK business sale
Insurance Australia Group has stressed that writing off its remaining goodwill and intangible assets in the UK business is not necessarily a sign that it will sell that division.
IAG sheds $300m assets ahead of potential UK business sale
Insurance Australia Group has written off AUD$297m (£196.6m) remaining goodwill and intangible assets associated with the UK business just months before it decides whether to sell its loss-making divisions.
Chinese insurers to benefit from broader investment scope
The relaxation of investment rules for Chinese insurers should allow them to match the duration of their assets and liabilities more accurately and benefit from improved earnings stability, Fitch believes.
Capacity providers to enable Synergy product expansion
Synergy Insurance Services is expanding its product range having secured new capacity providers in the form of Ironshore Europe and Equity Red Star.
IAG to spend £66m on Asian market
International Australia Group has set aside £66m to acquire businesses in Asia in a bid to boost its gross written premium contribution to 10% by 2016.
Roundtable: How can fraud be halted at the underwriting stage?
There has long been a focus on fighting fraud at the claims stage, but could more be done to discourage would-be fraudsters at an earlier juncture?
Brightside boss Holman eyes up employee benefits offering
Newly appointed Brightside boss Martyn Holman, pictured, has announced plans to start reviewing the business in the next two weeks and potentially enter new lines including employee benefits.
Equity offers new mini-fleet product
Equity Red Star has launched a solution for family run businesses and small enterprises operating fleets with two to 10 cars and/or commercial vehicles.
Equity renews motor insurance deal with HSBC's First Direct
Equity Insurance Partnerships has extended its affinity insurance partnership with First Direct, the banking brand which is a member of HSBC Group.
Ex-Jubilee motor boss joins HDI-Gerling
Industrial insurance firm HDI-Gerling is expanding its UK offering to include motor fleet in the UK after appointing John Shepherd to head up the new line of business.
Post magazine - 24 May 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Hampden Underwriting posts a loss but vows to raise cash
Hampden Underwriting has posted a net loss of £387 000 (2010: £132 000) in its full year results citing last year’s catastrophes as the cause but the chairman has pledged to raise capital.
IAG boss Wilkins admits it may dump loss making UK business
IAG managing director and chief executive Mike Wilkins has said that now is an appropriate time to assess the options for the UK business, given the improvement in its performance and the current UK economic conditions.