News
Broker teams up with Australian Rugby Union for club risk management app
Sydney-based insurance broker Gow Gates has created a rugby club risk management app with the Australian Rugby Union.
Crawford unveils new international executive structure
Crawford & Company has announced a new international management structure including a shared services leadership team and an executive team.
Video: QBE European Operations CEO Richard Pryce
Speaking to Post news editor Callum Brodie, QBE European Operations CEO Richard Pryce gives his take on industry game-changers in 2016, while also providing an insight into his own organisation's strategy.
Quiz of the week - 18 March
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Crawford TPA Broadspire to be led by Sutcliffe as Clubley steps down
Crawford & Company’s third-party administration business Broadspire has replaced Margaret Clubley as managing director of its UK business with Ian Sutcliffe, former Crawford UK client relationships director.
Generali appoints Donnet as group CEO
Italian giant Generali has appointed Philippe Donnet, Generali's Italy country manager, as group CEO.
Lloyd's creates country manager role for India
Lloyd's has appointed Shankar Garigparthy as country manager for India.
Pressure tipped to rise on insurers' use of price optimisation
Insurers should think about the possibility of price optimisation being curtailed, a leading insurance ethicist has outlined in a Chartered Insurance Institute think piece.
NFU Mutual shrugs off £50m flood loss to post 83% 2015 underwriting profit
Rural insurer NFU Mutual delivered an 83.7% increase in underwriting profit to £281m in 2015 (FY 2014: £153m) despite suffering a £50m loss caused by flood claims at the tail end of last year.
Budget 2016: Insurers could be hit with higher tax under losses restriction
Firms with profits over £5m will be restricted in the amount of taxable profits they can offset as losses carried forward, according to an announcement in yesterday’s (16 March) Budget.
Gallagher's Agnew appointed LIIBA chair
The London and International Insurance Brokers' Association has appointed Andrew Agnew, managing director of specialty at Arthur J Gallagher, as its new chairman.
Ex-Marsh executive Julie Page returns to Aon
Julie Page will take up the UK national managing director role at Aon Risk Solutions, following her departure as CEO of consumer and commercial at Marsh last year.
Markel launches fintech protection
Markel International has launched a policy that offers protection for businesses operating in the fintech sector.
VIG plans for growth as €172m preliminary profit announced for 2015
Vienna Insurance Group has targeted at least 10% growth in Poland, Hungary, Croatia and Serbia over the medium term as the company announced a €172m (£134m) preliminary profit before tax for 2015.
Admiral’s Engelhardt says 'thank you' to employees with £7m in cash
Admiral CEO Henry Engelhardt will mark his retirement in May by giving away £7m of his own money to employees.
ECJ decides claims handling should be subject to VAT
Insurers and policyholders could be facing increased costs following a European Court of Justice decision that claims handling was not within the scope of the VAT exemption for insurance-related services.
QBE to move on from England sponsorship with new sporting deal
QBE will unveil a new sporting sponsorship deal next month following the expiry of its partnership with England Rugby last year, Post can reveal.
Integro snaps up Lloyd's broker CSWH
International insurance broker and risk management firm Integro has acquired Lloyd’s broker Croton Stokes Wilson Holden.
Budget 2016: Flood defences spend 'too little, too late'
The insurance premium tax rise and resulting £700m spend on flood defences could be "too little, too late" according to loss assessment firm Harris Balcombe.
QBE signs analytics partnership with WNS
India-based global business process management company WNS has signed a worldwide deal with Sydney-based insurance giant QBE.
Ecclesiastical achieves biggest underwriting profit in six years
Ecclesiastical CEO Mark Hews has heralded “a set of extremely positive results” after the insurer recorded an 11% rise in pre-tax profits to £53.6m in 2015 (FY 2014: £48.2m) alongside its biggest underwriting profit since 2009.
Budget 2016: UK to be driverless cars ‘centre for excellence’
A £15m "connected corridor" from Dover to London and further driverless car and truck trials were all announced in today's (16 March) Budget.
Budget 2016: FCA to regulate claims management companies
The government has transferred responsibility for regulating claims management companies to the Financial Conduct Authority after accepting the recommendations of the independent review into the regulation of CMCs.
Budget 2016: Osborne increases IPT 0.5% with funds raised to be spent on flood defences
Insurance premium tax will rise again with Chancellor of the Exchequer George Osborne today (16 March) announcing in his Budget speech a 0.5% increase effective from 1 October.