Commercial
PIB to increase GWP to £900m with Cobra acquisition
PIB will see its gross written premium grow from £550m to £900m with the acquisition of Cobra.
Blog: Aviva's plan to split its UK business is more of a reset than a shake-up
This week Aviva has been tipped to unveil a new structure which will again see its UK general insurance and life/pensions businesses split. Jonathan Swift reflects on why this should not come as a surprise as history dictates the insurer has never been…
Anglia Ruskin’s insurer ‘acted negligently’ in settling false advertising claim
Anglia Ruskin University has slammed its insurer over a payout to a former student.
Harris Balcombe appoints former Crawford boss
Harris Balcombe has appointed former Crawford head of fraud, Neil Daniel, to lead its newly launched fraud division.
CBL creditors owed in excess of £90m
Creditors of CBL Corporation, the parent company of CBL Insurance, are expected to be owed in excess of £90m.
Analysis: Balancing risk and reward at board level
Risk managers believe that risk reporting and mitigation should no longer be an isolated item on the board agenda but how can they get the executive buy-in to this?
Airmic Conference 2019 Q&A: Manan Sagar, Fujitsu
Ahead of the Association of Insurance and Risk Managers conference, Jonathan Swift caught up with Fujitsu chief technology officer Manan Sagar to talk about the future of risk management and the role of technology in that evolution.
This week in Post: Big fish, little fish, cardboard box?
It might be the name, but this week I’ve spotted some similarities between Gibraltarian unrated insurer-facing-liquidation Lamp Insurance and an angler fish, sparking some strange and slippery debate in the office.
LV GI valued at £1bn following Allianz takeover deal
Allianz has bought the remaining 30.1% stake in LV General Insurance for £365m.
Inshur partners with Uber for driver policies
Inshur, mobile-first provider of commercial motor insurance for private hire drivers, has partnered with Uber to reward drivers for safe driving.
Covéa's Graeme Howard on why data offers endless opportunities
As a data-rich industry, the insurance sector can add value to the customer experience by using this information to enhance the way products and services are delivered. Graeme Howard, chief technology officer at Covéa Insurance, believes it’s essential…
Zurich appoints UK commercial lines head
Zurich has appointed Robert Kuchinski as its UK head of commercial insurance.
Cyber Research 2019: The findings
One year after Post’s first nationwide cyber insurance survey, Michèle Bacchus revisits the policies, claims and statistics to give you the low-down on what to expect now and in the future of this fast-moving sector
Esure's Peter Wood leads £2.5m funding round for sharing economy insurtech
Esure and Direct Line founder Sir Peter Wood has led a £2.5m seed funding round for sharing economy insurtech Pikl.
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.