Commercial
Fraudster found guilty of explosion insurance scam that injured 81 people
Insurance fraudster Pascal Blasio has been found guilty of causing an explosion at his shop that injured 81 people and damaged or destroyed 63 buildings.
CII launches Society of Underwriting Professionals
The Chartered Insurance Institute has launched the Society of Underwriting Professionals.
UK finally living up to potential as Applied Systems’ fastest growing market
Applied Systems is poised to double the number of UK brokers on its Epic platform, with its international boss claiming it still has some way to go to fulfil its potential, having signed up only a fifth of those “ripe for change”.
Google’s investment in us, is an investment in brokers too: Applied product boss
Google’s 2018 investment in Applied Systems also represents an investment in the future of the intermediary sector, according to the software house.
Kingsbridge Group COO takes charge at start-up Dinghy
Start-up Dinghy has appointed Dorian Zanker as its CEO. It has also hired hired Andrew Els as its business development manager.
Google powered products a 'no brainer': Applied Systems CEO
Applied Systems sees the UK as “research and development lab” for new technology and ideas following its success incorporating front end quote and buy into its Epic platform in the territory.
Blog: Building resilience in an age of cyber risks
Developing resilience to cyber liability is now a significant task for businesses of every size. But according to Paul Bassett, managing director of crisis management at Gallagher, the rise of cyber and IT security risks, malware viruses and data…
MS Amlin stops underwriting aviation insurance
MS Amlin will cease underwriting aviation insurance renewals and new business, and will manage the run-off of the book internally, rather than outsourcing it under a reinsurance to close arrangement.
PIB’s Q Underwriting forms MGU
Q Underwriting, PIB’s underwriting division, has created a managing general underwriter and hired UK General’s former chief commercial officer as it makes management changes.
This week: All at sea
The fraudulent claims we’re used to hearing about involve banged-up cars and invented cases of whiplash. Ones involving oil tankers, pirates, the Admiralty Judge, and statements given in places as far-flung as Aden and Manila are somewhat harder to come…
HDI Global Specialty hires former RSA commercial finance director
Simon Hunt, former RSA finance director for commercial, has joined HDI Global Specialty UK.
Q&A: Jane Harley, co-chair of GIN and manager, policyholder and third-party oversight department at Lloyd’s of London
As part of the Inclusion at Lloyd's programme six Partner Networks have been set up to help bolster diversity and inclusion in insurance. Post spoke to a representative from each one to get an insight into what they are doing, today focusing on The…
London company market premiums written in Europe on the rise
Gross premiums written in London by the company market increased 6.7% in 2018, reaching £19.56bn, according to the International Underwriting Association.
CFC's focus remains on organic growth following its first acquisition in 20 years
CFC Underwriting made its first acquisition in its 20 year history yesterday when it bought Solis Security, but the purchase will not mark a change in its acquisitive appetite, CFC chief innovation officer Graeme Newman told Post.
The NED Blog: What keeps risk committees awake at night
One of the ways that non-executive directors ensure there is independent oversight is through the use of various board committees. Michael Gaughan explains how the Risk Committee oversees the capital risks and why it worries about technology, cyber…
CFC makes first acquisition in 20 years as it buys Solis Security
CFC Underwriting has bought Texas-based incident response provider Solis Security, marking the company’s first acquisition in 20 years.
Victory for insurers in $77m 'pirate attack' fraud case
A High Court judge has ruled that insurers do not need to cover the cost of an alleged pirate attack on an oil tanker because the ship’s owner was responsible for the incident.
Allianz and LV wrap up transfer of commercial business
Exclusive: The transfer of commercial and personal lines business between LV and Allianz has been completed, with the exception of a “small number” of schemes policies.
Blog: Project policies - why they pose a problem for the insurance industry
A High Court Ruling concerning a school fire hit headlines in 2018 putting into doubt the worth of project policies in the construction sector. With little hope of any immediate clarity, the demand from contractors for Contractors All Risks insurance in…
Munich Re’s $250m investment makes Next the latest insurtech unicorn
US-based small business insurtech Next Insurance has raised $250m (£200m) from Munich Re in its series C round.
Insurance Technology Summit Q&A: Duck Creek Technologies Europe managing director Bart Patrick
Ahead of the Post Insurance Technology Summit, Post editor Stephanie Denton sat down with Duck Creek Technologies Europe managing director Bart Patrick to discuss the cultural step change need in insurance to remove the upgrade nightmares.
Allianz UK CUO in bid to double data specialist roles over two years
Allianz is “investing heavily” in the data space and will seek to double the number of data specialist staff it employs over two years.
2019 Insurance Fraud Awards: Full list of winners
Zurich was the big winner at the 2019 Post Insurance Fraud Awards picking up three awards, and a highly commended including top prize in the Investigation of the Year category.
Analysis: Climate change - Getting to grips with global warming
Insurers have been forced into the front line of the fight to stop global warming and climate change and they are beginning to feel uncomfortable and exposed. While several major insurers have issued bold commitments to join the fight to halt global…