Thai flood losses set to escalate - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting multinational firms including Apple and Ford Motors.
Global reinsurance broker Guy Carpenter estimates insured losses from the floods could reach three point three billion dollars - while other experts have warned the disaster demands a rethink of global supply chain strategies.
In other news the ABI is considering setting up a no claims discount register in the wake of the creation of the Insurance Fraud Register; the decision to dismantle Aviva's Dublin-based European holding company - with the loss of up to 950 jobs - has been blamed on "economic and regulatory burdens"; and market speculation suggests that outgoing Willis UK & Ireland chief executive Brendan McManus will target a role at another major broker, after well-placed sources rubbished rumours linking him with a move to Towergate.
Keep up to date with all the latest news as it breaks at postonline.co.uk
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Broker
Broker Forecast for 2026
Brokers are bracing for a soft but fiercely competitive market in 2026 shaped by economic pressures, rapid digitalisation and widening technological divides.
Insurance Post’s star-studded Christmas Special for 2025
The award-winning Insurance Post Podcast has signed off the year with a Christmas Special featuring industry heavyweights, newsroom favourites and even a CBeebies-style bedtime story.
Five insurance M&A storylines to follow in 2026
As we bid farewell to 2025, Post content director Jonathan Swift highlights the M&A storylines that might make the transition from rumour to reality next year and beyond.
Clear Group’s Howard Lickens to retire
Howard Lickens, founder of insurance broker Clear Group, is set to retire at the end of this year, the business has announced.
Throwback Thursday: ‘Goldfinger’ of Lloyd’s attempts comeback
Insurance Post’s Throwback Thursday steps back in time to December 1985 to remind you what was going on this week in insurance history when ‘Goldfinger’ of Lloyd’s, Ian Posgate, was trying to return to the market.
Q&A: Nikki Lidster, Zurich
Zurich UK’s head of SME Nikki Lidster talks to Insurance Post about the firm’s growth in 2025, its plans for 2026, and how it revamped its products this year.
Broker Review of the Year 2025
A softening market put downward pressure on brokers revenue in 2025 but businesses that embraced digital breakthroughs and delivered exceptional service have succeeded in holding on to their clients in a competitive market.
Big Interview: Rhys Thomas, Thomas Carroll Group
Rhys Thomas, CEO of Thomas Carroll Group, speaks to Insurance Post about life as an employee-owned trust, and why he’s focusing on people growth instead of M&A.