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Insurance POST

Insurance POST


Markerstudy capacity owner QIC sees profit fall

Wed, 25 Apr 2018 11:11:58 +0100

Markerstudy capacity owner, Qatar Insurance Company, has reported a 24% fall in profits.

Civil Liability Bill gets second reading in Lords

Wed, 25 Apr 2018 11:10:24 +0100

Peers in the House of Lords examined the Civil Liability Bill yesterday in the Bill's second reading.

Allianz to complete squeeze out and delist of Euler Hermes

Wed, 25 Apr 2018 10:35:22 +0100

Allianz is set to squeeze out remaining shareholders of Euler Hermes delist the trade credit insurer from the Paris stock exchange on Friday.

State of the Broker Nation 2018: Probing broking

Wed, 25 Apr 2018 06:00:00 +0100

Michèle Bacchus spoke to brokers to find out their thoughts on regulation, their trade body and their opinion of the UK insurance market

Interview: Edmund Dilger, Policy Castle

Wed, 25 Apr 2018 06:00:00 +0100

Digital household insurance broker Policy Castle is on the hunt for funding as it looks towards partnering with high street brokers and large insurers.

Post-Grenfell research lays bare fire safety test failures

Wed, 25 Apr 2018 00:01:00 +0100

Research conducted on behalf of the insurance industry in the wake of the Grenfell Tower fire has exposed the scale of fire safety testing failures.

Obituary: Ken Scowcroft, Swinton founder

Tue, 24 Apr 2018 12:14:19 +0100

Ken Scowcroft, the founder of Swinton Insurance, has died at the age of 89.

The ABI credit hire GTA needs to better reflect today's vehicle technology

Tue, 24 Apr 2018 10:35:20 +0100

Insurers and credit hire organisations need to work together to create a new general terms of agreement to better reflect today’s engines. That is the view of Europcar UK business development director James Roberts, who adds all parties will benefit if a gap can be bridged between the Association of British Insurers and today’s motoring technology.

Sedgwick appoints Malcolm Hughes as Ireland CEO

Tue, 24 Apr 2018 10:32:08 +0100

Sedgwick has appointed Malcolm Hughes as CEO of its Ireland operations.

Lloyd’s starts hiring for Brussels subsidiary

Tue, 24 Apr 2018 10:31:09 +0100

Lloyd’s has started hiring staff for its Brussels subsidiary.

Roundtable: Where next for personal injury reform?

Tue, 24 Apr 2018 06:00:00 +0100

Discount rate and whiplash reforms are going through parliament. Will the outcome be beneficial to all?

Brightside's Mark Cliff on becoming a digital broker

Tue, 24 Apr 2018 06:00:00 +0100

Mark Cliff, executive chairman of Brightside, explains how brokers can make the most of the digital world.

Personal injury motor claims hit near decade low, government figures show

Mon, 23 Apr 2018 13:51:42 +0100

The number of personal injury motor insurance claims has fallen to the lowest level in nine years, government figures published today reveal.

Eldon denies customer data was used in Leave campaign

Mon, 23 Apr 2018 11:22:17 +0100

Eldon Insurance has denied allegations that customer data was used in the Leave.EU campaign.

Obituary: Norman Cottington, industry mourns rehab 'trailblazer'

Mon, 23 Apr 2018 10:44:07 +0100

Norman Cottington, a revolutionary in the field of rehabilitation and case management in the personal injury sector, passed away suddenly on 11 April.

Lloyd's appoints partners on insurtech lab

Mon, 23 Apr 2018 10:33:43 +0100

Lloyd’s has appointed insurtech specialist L Marks and The Boston Consulting Group to support the set up and operation of its Innovation Lab.

GBGI profit takes a nose dive in 2017

Mon, 23 Apr 2018 10:19:24 +0100

GBGI has reported a sharp decrease in its pre-tax profits during the year 2017, which fell from $11.2 million in 2016 to $3.6 million in 2017.

Aon wants to cut 38 jobs in France

Mon, 23 Apr 2018 10:02:07 +0100

Aon is reportedly offering voluntary redundancy to 38 of its 180 staff in Angouleme, in southwestern France.

Lust for trust: can public trust be restored in insurance?

Mon, 23 Apr 2018 06:00:00 +0100

Nick Marson, founder of Parallel Mind, talks to commentators from across the insurance market to garner their views of how the insurance market can respond with one collective voice to meet the challenge of restoring public trust

Campaigners call for ONS to collate motor data for policymakers

Fri, 20 Apr 2018 14:20:11 +0100

Exclusive: Campaigners have called for the Office of National Statistics to collate motor insurance statistics for use in parliament.

This week: Proceedings and premiums

Fri, 20 Apr 2018 10:41:22 +0100

This week the UK has been focused on court cases and Inquiries.

Sedgwick UK shakes up leadership team after Cunningham Lindsey merger

Fri, 20 Apr 2018 10:01:40 +0100

Stewart Steel has been named CEO of Sedgwick UK, which will be formed from a merger of Cunningham Lindsey and Vericlaim.

My other life: Mark Murray, Allianz Insurance, Countdown champion

Fri, 20 Apr 2018 06:00:00 +0100

When not working as a credit controller at Allianz Insurance Mark Murray is a champion of the TV quiz show Countdown

AIG moves European business to new UK and Luxembourg units

Thu, 19 Apr 2018 16:00:20 +0100

AIG has established new insurance companies in the UK and Luxembourg in order to ensure continuity of business after Brexit.

Konsileo to offer 'bespoke' customer data for underwriting

Thu, 19 Apr 2018 15:31:34 +0100

Konsileo said its service will improve the claims process for insurers by providing underwriters more insight into risks.

Generali to sell Belgium business for €540m

Thu, 19 Apr 2018 14:46:33 +0100

Italy’s largest insurer Generali is to sell its Belgium-based subsidiary to Bermuda-based Athora Holdings for €540m (£469.5m).

Ardonagh has an acquisitions warchest of £500m

Thu, 19 Apr 2018 12:12:02 +0100

The Ardonagh Group has an acquisition warchest of £500m and a pipeline of 50 deals, CEO David Ross said.

Ardonagh reports growth despite MGA headwinds

Thu, 19 Apr 2018 10:32:24 +0100

Ardonagh Group has reported a 30% growth in its adjusted Ebitda last year, despite pressure in its managing general agent services and corporate business.

Blog: Insurers should cover recyclables price volatility

Thu, 19 Apr 2018 06:00:00 +0100

The reluctance of current players in the waste sector to manage recyclables price risk presents opportunities for the insurance sector, explains Surabhin Chackiath, waste and resource management consultant at SLR Consulting.

HDI's Jens Wohlthat on the need for hardening

Thu, 19 Apr 2018 06:00:00 +0100

Natural catastrophe risks reveal the need for industrial cover rate hardening, writes Jens Wohlthat, member of the HDI board of management.

Das v Asplin: Prosecution outlines arguments on fraud charges

Wed, 18 Apr 2018 17:09:25 +0100

The trial of former Das CEO Paul Asplin continued today (18 April) at Southwark Crown Court.

Brexit sends Anglo-American trade deal into disarray

Wed, 18 Apr 2018 12:58:38 +0100

The uncertainty surrounding Britain’s departure from the European Union has sent the prospect of a possible Anglo-American trade deal into question, the Lloyd’s market has heard.

Interview: Varun Dua, Acko

Wed, 18 Apr 2018 11:29:43 +0100

When Post published its top 100 Insurtech firms at the start of the month, eyebrows were raised by the inclusion of Indian digital insurer Acko at number two. To find out more about this start-up, Jonathan Swift spoke to its CEO and founder Varun Dua.

Ex-AA boss Mackenzie sues group for £255m

Wed, 18 Apr 2018 10:25:55 +0100

Ex-AA CEO Bob Mackenzie has filed a claim seeking £225m in damages from the group.

Motor premiums have already started to fall: Fitch

Wed, 18 Apr 2018 08:29:47 +0100

Insurers have already started to reduce motor premiums ahead of the government’s proposed whiplash and discount rate reforms.

Blog: Time to talk about psychological rehab 

Wed, 18 Apr 2018 06:00:00 +0100

Insurers must embrace psychological rehabilitation in the same way that they have physical, explains Jonny Cook, founder and chairman of Corporé.

Ex-Das CEO Paul Asplin stands trial for fraud

Tue, 17 Apr 2018 18:14:02 +0100

Ex-DAS CEO Paul Asplin is alleged to have defrauded the insurer while he was CEO by encouraging contracts with companies he had an undeclared interest in, Southwark Crown Court heard today (17/4/2018).

Insurance data could have been used in Leave campaign, claims whistleblower

Tue, 17 Apr 2018 15:49:48 +0100

A witness to the parliamentary Fake News Inquiry has raised questions over the use of insurance data in the Leave.EU campaign.

Axa enters capacity deal with Gresham Underwriting

Tue, 17 Apr 2018 09:48:43 +0100

Axa has entered into a £20m three-year capacity deal with Gresham Underwriting, the managing general agent arm of Tasker Insurance Group.

Cunningham Lindsey to be rebranded Sedgwick following acquisition

Tue, 17 Apr 2018 08:38:44 +0100

Cunningham Lindsey will be subsumed under the Sedgwick brand following the acquisition of the adjuster last year.

Axa's Bertrand Poupart-Lafarge on why inclusion must not be to the detriment of the majority

Tue, 17 Apr 2018 06:00:00 +0100

Diversity and inclusion efforts must not be seen as something that is only for people from minority groups, explains Bertrand Poupart-Lafarge, chief financial officer and executive sponsor for diversity and Inclusion at Axa UK.

Konsileo raises £2.7m in series A funding round

Mon, 16 Apr 2018 12:19:35 +0100

Insurtech broker Konsileo has raised £2.7m from a series A funding round and will use the capital raised to bolster its recruitment process.

Business leaders ‘turning their backs on Europe’

Mon, 16 Apr 2018 12:04:21 +0100

UK business leaders have turned their backs on Europe as political uncertainty and regulatory concerns see decision-makers’ focus on the domestic market, according to survey findings.

SSP users experiencing further difficulties following last week's disruption

Mon, 16 Apr 2018 11:01:01 +0100

SSP users are facing a fresh wave of issues this morning following problems with the platform on Friday.

Analysis: Leisure market - At your leisure

Mon, 16 Apr 2018 06:00:00 +0100

Brexit may raise the prospect of more expensive holidays abroad and longer waits at borders. If fewer European city breaks beckon, could there also be an upside in spending more time in England’s green and pleasant land?

This week in Post: BIA shortlist and other insurance news

Fri, 13 Apr 2018 13:44:03 +0100

This week we unveiled the long-awaited shortlist for the British Insurance Awards.

Silent cyber holding back insurance market, survey claims

Fri, 13 Apr 2018 12:02:13 +0100

Silent cyber risk is the largest inhibitor to the growth of cyber insurance, according to a Post survey.

Insurtech start-up selects Amazon platform for launch

Fri, 13 Apr 2018 10:59:16 +0100

Insurtech start-up Thingco has selected Amazon Web Services to host its product launch.

Ghost broker jailed after making £321,000 of false car insurance claims

Fri, 13 Apr 2018 10:56:36 +0100

A ghost broker who used victims’ details to make £321,000 of false car insurance claims has been jailed.

London Market launches permanent body to manage market services

Fri, 13 Apr 2018 10:31:38 +0100

The London Market Group has launched London Insurance Market Operations & Strategic Sourcing, a permanent body to manage market services.