News
Post February 2017: Power, assistance and accolades
The 2017 Post Power List is revealed in the February issue.
Brokers more worried about Trump than Brexit
Brokers are more concerned about Trump than the UK’s exit of the European Union, according to a survey.
Ping An overtakes Allianz as most powerful insurance brand
Chinese insurer Ping An has overtaken Allianz as the world’s most powerful insurance brand.
Beazley posts 3% profit boost thanks to strong investment returns
Beazley reported a 3% increase in full-year pre-tax profits of $293.2m (£234m) thanks to strong investment returns and a benign claims environment.
Munich Re open to large acquisitions, says CFO
Munich Re's chief financial officer Joerg Schneider has said the international reinsurance giant is open to making a large acquisition outside the reinsurance space.
Marsh's Glaser hails 'excellent' 2016 results
Global broker Marsh finished off the year with a flourish to help produce solid revenue and strong profit growth for 2016.
BRE and Axa unveil flood proof house to encourage resilient repairs
Watford-based building science centre BRE has developed a flood-resilient prototype home to show the most effective ways to protect properties against flood damage.
Motor premiums reach highest levels ever, says ABI
Motor premiums hit their highest recorded levels last quarter and rose more than five times the rate of inflation in 2016.
Brexit whitepaper confirms UK will negotiate for financial free trade
The government’s Brexit whitepaper has reaffirmed Theresa May’s promise to negotiate the freest possible trade in financial services between the UK and the European Union.
Steve Wood to leave Paymentshield as Towergate ‘consolidates’ business
Steve Wood has left Paymentshield as its CEO as Towergate moves to “consolidate its executive structure”.
Finch acquires County Insurance Services
Finch Group has acquired its second independent broker of the year with the capture of County Insurance Services.
Government to rule on personal injury role of CMCs
The government is set to decide whether claims management companies are allowed to continue operating in the personal injury sector.
Public bodies forced to self-insure due to government cost cutting
The government is pushing public bodies to dramatically cut their commercial insurance costs, a Post investigation can reveal.
Asia Capital Re expands with Malaysia and takaful purchases
Singapore-headquartered ACR Capital Holdings, owner of Asia Capital Re, has completed the purchase of stakes in two businesses for undisclosed sums.
Chubb sees $4.1bn after-tax profit in 2016
Global giant Chubb's after tax profits were $4.1bn (£3.2bn) last year compared with $2.8bn in 2015.
Axis profits fall 23% in 2016
Global (re)insurer Axis's after-tax profits fell 23% in 2016 to $465m (£367m) from $602m the previous year.
Penny Black's Social Month: February 2017
Well Child, a wild whirl, willing to get wet and working with will.i.am
XL Catlin's CEO McGavick reflects on 'challenging year'
Bermuda-based global insurance giant XL Catlin saw operating profits fall from $706m (£557m) in 2015 to $461m last year as the firm paid out significantly more for nat cat losses.
Career Development: Aviva makes Stonewall's top 100 employers list
Aviva is the only insurer to have made the list of top 100 employers for lesbian, gay, bisexual and transgender staff for the second year running.
Career File: Andy Briggs
Aviva appoints Briggs as general and health insurance CEO
Legal & General and Skipton launch home tie-up
Skipton Building Society has started selling home insurance products developed through a partnership with Legal & General.
O2 delivers car insurance with telematics app
Mobile company O2 will now deliver car insurance through its telematics-based mobile app 02 Drive.
Market restructuring results in 1000 jobs lost over last three months
More than 1000 jobs have been placed at risk over the last three months owing to business restructuring across the market.
County Group continues acquisition spree with Thompson Brothers capture
The County Group has acquired Thompson Brothers Insurance Consultants for an undisclosed fee.