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Post Magazine – 11 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
Staff face redundancies as Travelers exits private motor market
Travelers Insurance has today confirmed its decision to exit the private motor market in Ireland from 1 October, following a review of its strategy and operations in Europe.
More Than looks to Rias for new MD
More Than has appointed Janet Connor to the role of managing director.
Marsh and Zurich respond to riots
Marsh and Zurich have responded to the escalating riots across the country with guidance notes and have vowed to help customers get back on their feet.
Walker Agency launches Castle Cover mobile website
Walker Agency has completed the development of a new mobile website for Castle Cover, the 50+ insurance specialists.
Join Allianz, Groupama, BMS, Novae, SSP, CII and Lancashire in signing up for the Insurance Cup
With the football leagues in England and Scotland now underway, there has never been a better time to think about dusting off the boots and signing up for The Prince's Trust Insurance Cup.
Jack Straw confirmed for annual Post Claims Event on 12 October
Former Justice Secretary and outspoken critic of referral fees Jack Straw will address the annual Post Claims Event on 12 October, Postonline can reveal.
Insurance Insight August: Exclusive commercial property and captive domicile content now live
Insurance Insight August is now live with look at commercial property in the Benelux region; innovation in the captive domicile market; and an interview with Now Health International.
Insurance Insight Q&A: Martin Garcia, Now Health International
Martin Garcia has spent almost 20 years in the international private medical health market with over 10 years as managing director for Goodhealth Worldwide. As he returns to the market with his new venture as chief executive of Now Health International,…
Shadow Treasury minister tells Osborne to take Solvency II "more seriously"
Chris Leslie MP, shadow financial secretary to the Treasury, today called on the Chancellor to initiate higher level debate on the effects of Solvency II on UK consumers and business.
AIG CEO hails return of AIG as "an investment-grade company"
The CEO and president of AIG has heralded its Q2 financials as a sign that it is again "an investment-grade company independent of government support".
RBS Insurance Q2 COR improves to 99% and profit doubles to £139m
Royal Bank of Scotland Insurance this morning reported that its operating profit has doubled to £139m from the previous quarter and improved even more from the corresponding period last year (Q2 2010: £203m loss).
Groupama UK arm reports decline in fleet driven by taxi book
Groupama today revealed that premium income for its UK arm rose by +0.9% to €276m (£240m) at 30 June 2011.
RSA UK personal lines result helps offset £19m commercial loss
RSA has reported a rise in UK premiums of 7% to £1570m for the first six months of 2011.
International boss Lee to succeed Haste as RSA CEO
RSA has announced that Andy Haste has advised them of his intention to step down as group chief executive after more than eight years in the role.
MCE targets entrepreneurs
Budding insurance entrepreneurs, with a proven track record in sales, will be offered the chance to establish their own business as part of a new scheme created by biker broker MCE.
Credit hire: Improving the engagement
The credit hire industry has traditionally had a rocky romance with insurers. Sam Barrett looks at what has gone wrong and how the two sides can reconcile their differences.
Metal theft on the rise as scrap prices increase
Risk management experts from Allianz are calling on brokers to be proactive about metal theft, following a spate of robberies that have left the company facing millions of pounds in losses.
Gay-only deal website looks to add insurance products to portfolio
A former loss adjuster, who left the industry when his firm went bust to set up Europe's first gay-only deal website, is considering teaming up with insurers to expand.
Post Magazine – 4 August 2011
This week the Post team reports on Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own campaign over Equity’s losses.
Lloyd’s pursues own probe into Equity syndicate losses – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own…
Moneysupermarket reports 25% jump in insurance revenue
Moneysupermarket has reported its revenues in the insurance arm increased by 24% from £40.6m to £50.3m in the first half of 2011 comapred to 2010. Click based revenue increased by 24% from £37.5m to £46.4m.
Towergate MD claims network members will make more money with BN, than Willis
Broker Network has stepped in to offer Our Network members the opportunity to make more money, despite the Broker Direct arm agreeing a tie up with Willis earlier this week.