News
Motor premiums continue to rise into third quarter
The average comprehensive motor insurance premium has risen by 9% over the last year, according to the Association of British Insurers.
FCA to consult on making FSCS levy more affordable
The financial services watchdog is looking to “improve affordability” for firms that contribute to the Financial Services Compensation Scheme.
IUA body to monitor emerging technology
The International Underwriting Association is establishing a new focus group to assess the future impact technology will have on London underwriting.
Biba urges Chancellor not to increase Insurance Premium Tax
The British Insurance Brokers' Association is urging the government not to increase Insurance Premium Tax in the Autumn Statement.
#Post People 31 October - 4 November
This week's latest movers and shakers.
Hong Kong Insurance Awards 2016: The Winners
Manulife and Prudential both won three awards at the Hong Kong Insurance Awards 2016.
New insurtech enters the market to drive uptake in cyber policies
New insurtech start-up, Cyberfense, has been approved by the Financial Conduct Authority and can now operate as an MGA.
Incoming Axa CEO McCafferty welcomed by brokers
Brokers have reacted positively to Brendan McCafferty’s appointment to Axa CEO for intermediated and direct.
Brendan McCafferty appointed intermediated and direct CEO of Axa
Axa has appointed Brendan McCafferty as CEO, intermediated and direct, assuming the duties left following Amanda Blanc’s promotion to group CEO.
Imperial Consultants reveals new management team
Imperial Consultants has unveiled its new management team with former insurers leading development projects for the loss adjuster.
SMEs will be hit hardest by a UK terror attack
Small and medium size enterprises will be hit hardest in the event of a terrorist attack in the UK, according to Pool Re’s Quarterly Threat Report.
Government releases report to help homeowners prepare for flooding
The government has teamed up with the insurance industry to deliver a report that will help customers better protect their homes and businesses from flooding damage.
This week in Post: Tricks and treats
This week, some Post colleagues and I went to a Halloween party dressed as whiplash victims. The joke was lost on other attendees, whose business was mainly commercial lines, and we ended up reassuring walking vegetables, bloody nurses and train engines…
Consumers crave 'all in one' insurer
An overwhelming proportion of consumers would buy all their insurance cover from a single company if they could, according to survey findings.
Gallagher continues to see strong growth into Q3 2016
Arthur J Gallagher’s broking division saw strong growth in the first nine months of the year, with net earnings increasing 23% to $97.7m (£80.2m) compared to $75.5m (£62m) for the same period last year.
Biba urges government to ring-fence further IPT revenue for flood defences
The British Insurance Brokers' Association is calling on the government to ring-fence extra revenue from the Insurance Premium Tax for flood defences.
Government 'does not understand' cyber threat to driverless cars
The government does not fully understand the risk posed to driverless cars by hackers, Parliament heard.
Insurers 'must adapt lines to changing terrorist threat'
Insurers must create new lines of cover to protect against the changing threat of terrorism, according to a new report.
Nephila Capital and Blenheim strike capital deal
Nephila Capital and Blenheim Syndicate have entered into a capital relationship.
XL Catlin reports decrease in GWP in Q3 2016
XL Catlin has seen a decrease in its gross written premiums due to higher premiums costs.
Insurance Europe sets out demands for IPID
Insurance Europe has published an insight briefing urging the European Insurance and Occupational Pensions Authority to simplify the insurance product information document.
Vantage holdings set to acquire more brokers following NSM acquisition
NSM has acquired Vantage Holdings, owner of outdoor leisure and liability broker Vantage Insurance Services and Classic Insurance Services.
Fadata increases investment in Nordic region with new Stockholm office
Fadata has decided to increase its investment in the Nordic region through the launch of its new office in Stockholm.
Reid's departure from Gallagher doesn't shock brokers
Gallagher retail CEO Stuart Reid’s mutual departure from the group has come as no surprise to brokers.