Commercial
Analysis: Changing face of terrorism and terrorism covers
Terrorism has been a constant threat in the UK for more than half a century and has proved hard for security forces to keep up with, so it is hardly surprising that the insurance market too has found itself trying to repair gaps in cover as they emerge
This week: All change
It’s all change for the country this morning as Prime Minister Theresa May confirmed she would step down from office after failing to unite MPs on the way the UK should leave the European Union.
British Steel pursues disputed claim and damages against Zurich and others
Mactavish has called for the CEOs of Zurich and Liberty to personally oversee a £30m disputed claim that it says, if paid, could save the company.
Gibraltar legal expenses insurer declares insolvency
Gibraltar-based unrated insurer Lamp has submitted an application to place the business into liquidation.
Diversity & Inclusion success in Insurance to be celebrated at inaugural Post awards
The Diversity & Inclusion in Insurance Awards will be held in November
GRP's Mike Bruce on why consolidation really means integration
Mergers and acquisitions are headline news but Mike Bruce, CEO of broking at Global Risk Partners, believes the success can only be judged if there is true integration.
Aston Lark deal gives broker firepower for larger acquisitions
The acquisition of Aston Lark by Goldman Sachs could enable the broker to seek out larger acquisition targets, the company's CEO Peter Blanc said.
Stackhouse Poland MGAs to be absorbed by Pen Underwriting
Two managing general agent businesses acquired by Gallagher as part of its recent purchase of Stackhouse Poland will eventually become part of Pen.
Analysis: Are AI solutions being used to mitigate risks?
In the commercial space, artificial intelligence has the potential to enable an insurer to get all the information it needs to write a risk in a matter of hours and support customers’ risk management activity, but only if it is deployed appropriately
RSA's hard line on underwriting ‘likely to yield better result’
RSA will likely return to better than expected result this year after making £260m of cuts to business lines, analysts say.
Rising Star: Lauren Young, Ensurance
Joining the sector via a call centre Lauren Young has quickly progressed to assistant underwriter at Ensurance.
Research: Making it in mid-market
Price still outweighs insurer financial strength in burgeoning mid-market sector.
Aspen MGA in run off with 111 jobs at risk
Aspen has cut loose its UK SME managing general agent, with 111 jobs on the line as a result.
Analysis: Managing the M&A insurance risk
It was the Competition and Markets Authority that recently put paid to Sainsbury’s and Asda’s marriage plans, but there are plenty of other risks that also regularly threaten the success of mergers and acquistions – ranging from the uncovering of…
Allianz operating profits rise as personal lines transfer to LV approaches completion
Allianz UK CEO Jon Dye confirmed that the transfer of personal lines business from Allianz to LV remains on-track and will be completed within three to four weeks, as the insurer announced its Q1 results.
CBL Corporation placed into liquidation
The New Zealand high court has placed CBL Corporation into liquidation.
Covéa appoints James Gearey as corporate development and strategy director
Covéa Insurance has appointment of James Gearey as corporate development and strategy director.
Fourth acquisition in two weeks caps off recent cluster of GRP broker buys
Exclusive: Higos, GRP’s hub business in the South West, has acquired The Insurance Group for an undisclosed sum.
Gallagher’s closing statements commence as legal dispute with Ardonagh continues
The closing statements in the ongoing legal dispute between Gallagher and Ardonagh continued yesterday (9 May) at the Royal Courts of Justice in London.
Lloyd's invests in cloud-based distribution platform after in-house trial
Lloyd’s has invested in an insurtech cloud-based distribution platform for small businesses, following a successful trial in the market’s tech incubator.
Analysis: Consolidators look to Europe for acquisitions as UK competition grows
The UK has seen a wave of consolidation in regional broking over the past few years, making competition for viable targets a challenge. In response, several consolidators are starting to look to Ireland and Europe as a potential area of expansion.
Penny Black's Social World: May 2019
Schooling students, charity cycling and cracking chocolate
Top 100 Insurtech Firms 2019 - Spotlights
As the Insurtech 100 publishes, Post caught up with some of the firms listed across Europe, USA and Asia to reflect on the past 12 months, the future, favourite apps and food
Top 100 Insurtech Firms 2019
The annual Insurtech 100 returns; a celebration of the innovation that is rethinking and reshaping the world of insurance as we know it. Matt Connolly, founder and CEO of Tällt Ventures, which has produced the index, outlines the methodology and what has…