News
Fourth company acquired by Bluefin in 2016
Bluefin Insurance has announced its fourth acquisition for the year, with Liverpool-based Exchange Insurance Services the broker’s latest purchase.
#postpeople 18 - 22 April 2016
All the latest insurance market moves between 18 and 22 April 2016.
FCA SME claims review “sharpened” focus, but was not a major factor in industry response during 2015/16 floods
The insurance industry’s response to the winter flood in terms of SME commercial claims would have been hailed a success, even without the Financial Conduct Authority’s 2015 thematic review into this area.
Sullivan retires as Chubb's Asia-Pacific chairman
Damien Sullivan has retired as Chubb's Asia-Pacific chairman but will remain with the global insurer as an adviser.
Toyota suspends production across Japan following earthquakes
Carmaker giant Toyota has suspended many of its production operations across Japan as a result of a shortage of parts following two deadly earthquakes in the country.
Chubb signs insurance distribution agreement with major Chinese retailer
Global insurer Chubb has signed an undisclosed long term distribution deal with Chinese retailer Suning.
Car insurance premium prices static in Q1 2016
The average price for comprehensive car insurance premium stood unchanged at £671 in the first quarter of 2016, according to the latest Confused.com Car Insurance Price Index in association with Willis Towers Watson.
Simply Business, Gallagher, Allianz, FCA, IFED, compliance careers, thunderstorms, caravans and 80s cars
The best of Post the last week in case you missed it
Cooper Gay CEO Gordon Newman to step down
Cooper Gay CEO Gordon Newman will retire from the role and be replaced by group CEO Steve Hearn.
Allianz UK direct home and motor exit a ‘good sign’ for brokers
Allianz UK’s proposed withdrawal from the direct home and motor markets was welcomed by brokers as it will go towards reducing competition in an overcrowded market.
Footballer sentenced for contempt of court over tweets
A footballer, who tweeted about playing a game just a day after making a fraudulent insurance claim, was given a suspended jail sentence today.
Biba, IBSC join forces to create standards committee
The British Insurance Brokers’ Association and the Insurance Brokers’ Standards Council have formed a standards committee to create a single code of conduct for insurance brokers.
Factory worker convicted in copy cat fraud case
A factory worker has been convicted of fraud after he tried to replicate a previous claim three times through a 'no win, no fee' law firm, despite no longer working at the business.
ABI seeks better engagement with young insurers
The Association of British Insurers has acknowledged it needs to “do more” to engage young insurers, as Post research found that a majority hadn’t heard of the leading trade body.
Plexus offers new model of case management
Case management would be left in the hands of occupational therapists as part of a new rehabilitation model being offered by Plexus Healthcare.
Bristol contact centre to be hit by majority of Allianz job cuts
The majority of the 170 Allianz roles put at risk due to its proposal to exit direct home and motor insurance are Bristol contact centre jobs, Allianz UK CEO Jon Dye said, with the potential withdrawal impacting 187,000 policies.
LV chief Rogers to step down
LV CEO Mike Rogers is to step down after 10 years in the role.
United Nations secretary-general asks for industry's help on climate change
United Nations secretary-general Ban Ki-moon has urged the insurance industry to work with the organisation in a meeting at the UN's headquarters in New York this week.
Shallow earthquake kills nine on Japanese island
A magnitude 6.4 earthquake struck south-west Japan last night killing at least nine people on Kyushu island.
DWF acquires niche law firm Fox Hartley
Law firm DWF will acquire a smaller rival, Fox Hartley, in order to broaden its specialist insurance offering.
XL Catlin appoints head of insurance strategic client and broker management
XL Catlin has named Philippe Gouraud as its head of strategic client and broker management for its insurance division.
170 roles at risk at Allianz as direct motor and home exit proposed
Allianz UK could withdraw from the direct home and motor markets and has entered union discussions due to approximately 170 roles that would be impacted by the move.
QBE inks British and Irish Lions sponsorship deal
QBE has announced a sponsorship agreement with the British and Irish Lions for its 2017 tour of New Zealand.
Regulators publish proposals to improve enforcement decision-making processes
The Financial Conduct Authority and Prudential Regulation Authority have today published proposals aimed at improving the transparency and effectiveness of the FCA's and PRA's enforcement decision-making processes.