News
European non-life sector profits under pressure as competition increases, says Moody’s
As interest rates are anticipated to remain low, ratings agency Moody’s says underwriting will need to be the focus as investment income faces increasing challenges.
Bluefin Network hires three for relationship teams
Bluefin Network has hired three new executives to join its broking and insurer relationship teams.
James Hallam added as registered broker at Lloyd’s
London-based broker James Hallam has added to its accreditation, taking up Lloyd’s broker status following its recent approval as a chartered broker through the Chartered Insurance Institute.
Risk managers ‘need to better understand cyber threats’
Risk management will have to further innovate to meet emerging cyber threats, the Airmic 2016 conference heard on Monday.
Hillsborough compensation ‘won’t be covered by insurance’
The taxpayer could face a bill of several million pounds from compensation payouts to the families of the victims of the Hillsborough disaster, Post can reveal.
Axa Insurance appoints Allison Hughes to head of business development
Axa Insurance has appointed Allison Hughes to the newly-created role of head of business development in order to better cater to corporate clients.
Pool Re’s new terror risk model to include nuclear threat
Pool Re will develop the UK’s first terrorism risk model to include the possible fallout of a chemical, biological, radiological or nuclear attack.
GRP completes investment in Cavendish Munro
Global Risk Partners has completed its investment in the specialist retail broker, Cavendish Munro Professional Risks, following several acquisitions and buyouts in recent months.
400 risk managers take up new chartered certification
More than 400 risk managers have made the switch to a new chartered qualification, according to the Chartered Insurance Institute.
Post people - 6 - 10 June 2016
Who has moved where this week in the world of insurance.
Gallagher’s adds two divisional directors from Willis
Former Willis directors Mark Champion and Paul Rogers have been appointed as divisional directors in Arthur J. Gallagher’s aviation team.
Results yield growth for Tysers
Lloyd’s broker Tysers has seen revenues rise to £46.8m (2014: £41.3m) and EBITDA grow to £9.4m (2014: £8.2m) in its 2015 results.
Three dead after powerful New South Wales storm
A weekend of intense storms over New South Wales have left three dead and a trail of damage.
DWF added to ABI’s associate member list
The Association of British Insurers has added DWF to its associate membership category, the latest in a series of law firms accepted to the new offering.
Quiz of the week - 03 June 2016
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Perils loss estimate for Storm Desmond falls by £65m
Catastrophe data firm Perils has revised its loss estimate from Storm Desmond down to £597m, from £662m in its last report.
IUA warns job losses ‘highly likely’ if Brexit camp wins
Job losses among the 34,000 people employed directly in the city’s commercial insurance sector, and thousands more indirectly, are likely if the UK votes to leave the European Union, according to industry bodies.
Post Claims Awards: AIG, Allianz, Aviva, LV and RSA's Paton among the winners
RSA group claims director Bill Paton was last night acclaimed as the achievement award winner at the Post Claims Awards.
Greenberg to face civil fraud charges in New York
Hank Greenberg, former chairman and CEO of AIG and current CEO of insurer Starr, will need to stand trial for civil fraud charges in New York.
Mullins joins Chubb in Australia
Environment consultant Ian Mullins has joined Chubb to become environmental risk underwriter for Australia.
Swiss Re to offer cyber security cover
Swiss Re’s insurance unit has become the latest to offer “advanced” cyber cover for the UK.
Digital Insurance Collective: UK insurance industry is still operating on a 'basic' digital level
On the digital continuum the UK insurance industry is mostly operating in the ‘basic digital' space.
Digital Insurance Collective: Firms need to find new kings and queens to lead innovation
Insurers need to eliminate barriers and promote the customer over profit - no matter whether it is an “anathema” to the current status quo - to succeed in digital.
Revealed: FCA and PRA unprepared for a Brexit
The industry’s two main regulators have not carried out any formal review of the potential impact of a Brexit, an investigation by Post can reveal.