News
Allianz launches takeover bid for Euler Hermes
Allianz will aim to buy the remaining portion of Euler Hermes for €1.85bn (£1.65bn).
Belot appointed head of South East Asia for Swiss Re Corporate Solutions
Swiss Re's insurer Swiss Re Corporate Solutions has appointed Didier Belot as head of South East Asia.
Zurich identifies Hong Kong protection gap
Global insurer Zurich has warned Hong Kong's workers need greater protection for being off work as a result of illness or injury.
Bali airport closed as volcano alert is raised to highest level
Thousands of holidaymakers are stranded on the Indonesian island of Bali today as the authorities closed the only airport.
Generali hires de Broize in Asia
Italian insurer Generali's Asia arm has hired Bruce de Broize as head of distribution for Asia.
AGCS hires in Jakarta
Allianz's business-focused arm Allianz Global Corporate Solutions has appointed two underwriters within Allianz's Indonesian operation.
BGL spent £4.4m on compliance ahead of now-abandoned IPO
Exclusive: Compare the Market owner BGL spent £4.4m on compliance ahead of a planned stock market float that now will not happen.
Boss of nuisance call CMC given seven year ban from starting new companies
The boss of a claims management company that made 6.4 million automated calls has been banned from acting as a director for seven years.
Post Claims Club: Insurers urged to fix dual pricing or face possible price capping
Insurers will have to find an industry-wide solution for dual pricing before the Insurance Distribution Directive comes into effect, or face possible price capping being forced upon them by the regulator.
Burglary victim sentenced after ‘grossly exaggerating’ claim
A man who “grossly exaggerated” his burglary claim to insurers to the tune of £40,000 has been handed a nine month suspended sentence.
Week in Post: All hail Captain Side Parting
This year’s Budget was rewarding for many reasons: a freeze on insurance premium tax, an increase in research funding for driverless cars, and a dig at Jeremy Clarkson.
Post Claims Club: Industry poised for increased technology integration in 2018
The claims space in 2018 could see a further rise in the integration of Artificial Intelligence and an increase in cyber risks, according to senior industry heads.
UK P&I Club sets up post-Brexit hub in Netherlands
The UK P&I Club has set up a post-Brexit European hub in the Netherlands.
Aviva announces equal parental leave for staff
Aviva has announced a group-wide policy to offer men and women equal parental leave.
Neon looks to MS Amlin and names Heppell as CFO
Lloyd’s carrier Neon has names Richard Heppell as chief financial officer for the group.
Pricing pressure and aggregators will hurt company market in 2018, says Fitch
Intense competition and increasing use of price comparison websites will continue to pressure insurers’ earnings in motor and household insurance, Fitch has warned.
Guernsey-based Chinese insurance company established
Brilliant Reinsurance has become Guernsey’s first Chinese insurance company.
Former Go Compare execs launch anti-fraud network to increase communication
Two ex-Go Compare senior heads have put together an insurance industry networking platform, No Office Walls, that will aim to tackle fraud through increased communication.
Compare the Market owner valued at £2.2bn as investment derails IPO
BGL group has shelved plans for a stock market float for Compare the Market, after an overseas investor bought a 30% stake in the business.
Sector must tackle rising escape of water claims, warns ABI
Tackling the rising costs of escape of water claims must be the “number one priority” for the domestic property insurance market, the Association of British Insurers has said.
Home premiums on the up as repair costs and fraud escalates
Home insurance premiums are soaring as rising inflation increases the cost of claims while fraud escalates, according to research findings.
Sabre sets out share price range ahead of IPO next month
Sabre Insurance has set out the share price range for its initial public offering next month.
Stephen Hines elected president of Foil
Stephen Hines has been elected president of the Forum of Insurance Lawyers, succeeding DWF’s Nigel Teasdale.
Former Admiral pricing exec named CEO of US subsidiary
Alberto Schiavon has been named as CEO of the US direct to consumer insurer Elephant Insurance.