Personal
LV Broker revamps motor fleet policy with extended offering
LV Broker has launched an enhanced motor fleet policy which includes full European cover and uninsured loss recovery as standard, plus cover for attached or detached trailers.
Chartis International returns to profit in H1 2012 with 16 point COR swing
Chartis International has reported an operating income before net realised gains of $802m for the first six months of 2012 (2011 H1 $480m loss) on net premiums written of $9.33bn (2011 H1: $9.25bn).
Axa CEO Evans hits back at U-turn criticism as he reveals telematics delay
Axa UK and Ireland CEO Paul Evans has hit back at criticism that he has performed a U-turn by bringing the personal and commercial broker businesses back together again under Amanda Blanc.
Geddes unmoved by PE takeover talk as DLG divestment date looms
Direct Line Group chief executive Paul Geddes has distanced himself from speculation linking the business with a private equity-backed divestment, insisting that his focus remains on securing a second-half public flotation.
Novae calls time on engineering and motor reinsurance
Novae is to replace 12 of the 17 Zurich-based reinsurance underwriters who exited the business earlier this year, conceding that the Swiss operation was "overstaffed".
Allianz UK continues upwards trend, despite fractional COR rise
Allianz UK has chalked up an operating profit of €92m (£72.4m) for the first half of 2012, alongside a marginal combined ratio rise to 96.8%.
Aviva COR to surpass 99% following floods, claims analyst
Aviva's general insurance result is predicted to fall 5% year on year as a result of recent unseasonable UK weather.
DLG's £40m summer flood loss offset by reserve releases
Direct Line Group has reported home weather claims costs of £40m, conceding that losses were worse than expected but offset by "signficant" releases from reserves held against prior year claims across the portfolio.
Axa UK & Ireland COR rises above 100% in H1 after £36m flood hit
Axa UK & Ireland has reported that underlying earnings for the first six months of 2012 improved by 27% to £66m (H1 2011: £52m).
LAS forms UK major loss team
LAS Claims is to create a UK-wide major loss team to spearhead business growth and enhance the range of services offered to insurer clients.
Brown: flood risk solution needed to end market inequality
RSA's chief executive for UK & Western Europe has called on the government to act quickly in announcing a replacement for the Statement of Principles to avoid further uncertainty for householders in flood risk areas.
Kwik-Fit finds Midas touch with panel appointment
Kwik-Fit Insurance has appointed Midas Underwriting to its home insurance panel.
Junction to use brand loyalty to improve quote accuracy
Affinity provider Junction is rolling out a new project that will use customer data held by its partner brands to provide more accurate insurance quotes.
Biba signs Gleaming Wholesale for contractors scheme
The British Insurance Brokers' Association has appointed Gleaming Wholesale as the exclusive provider for its new cleaning contactors scheme, which offers enhanced cover and commission for Biba members and interest free instalments.
Russia and Romania travel insurance markets thrive in economic crisis
Travel insurance in Russia, Romania and Turkey boomed between 2008 and 2012, despite the Eurozone crisis, while the UK and Ireland saw foreign travel decline, new research has revealed.
UK flood loss offsets growth for RSA
RSA has reported a 4% rise in net written premium to £4.3bn, at constant exchange (2% as reported), and a combined operating ratio of 95.2% (H1 2011: 93.2%).
Your say: Empty words on historic claims
Malcolm Tarling's comment in the 19 July edition of Post that the Association of British Insurers’ opposition to an Employers' Liability Insurance Bureau is based on the belief that the Employers' Liability Tracing Office "should help significantly in…
View from the top: Food for thought
Riots, floods and storms have created a golden opportunity to restore public trust in the industry, says John Heaney.
Graduate lessons: Embrace the social media concept
Graduate trainees may lack claims experience but their communication skills are state of the art, says Neil Gibson.
JLT enjoys revenue boost in broking as economy afflicts underwriting
Jardine Lloyd Thompson's risk and insurance business generated revenue growth of 8% to £331.6m, while trading profit increased to £80.3m (H1 2011: £70.4m) in the first half of 2012.
LV reduces broker rates after losing out to competitors
Uncertainty in the general personal lines market has led LV to reverse its strategy of hardening rates after the company's PL broker book lost out to competitors in the first half of the year.
ABI demands Riot Damages Act reform one year on from civil unrest
Industry leaders are calling for urgent reform to the Riot Damages Act 1886 after publishing comprehensive claims data on the eve of the first anniversary of the UK riots.
Compare the Market launches refreshed landlord website
Compare the Market has unveiled a "new and improved" price comparison offering for landlord insurance.
Post magazine - 2 August 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
