News
Driverless car insurance policy launched by broker Adrian Flux
The UK’s first driverless car insurance policy has been launched ahead of a government consultation this summer.
Cost to insurers from French floods could be €2bn
Damages from the floods affecting Paris and the surrounding areas could almost reach €2bn, one of the country’s biggest insurers has warned.
Aviva's Andy Briggs to replace Paul Evans as chair of ABI
Andy Briggs, CEO of Aviva UK Life and chairman of Aviva Global Life, has been nominated to take up chair of the Association of British Insurers.
Profits up 76% at venture capital group BP Marsh
BP Marsh has seen a strong growth in its profit after tax with the company taking in £8.7m in the year to January 31 2016, up from £4.9m for the same period last year.
Esure could split from Gocompare as review announced
Esure will examine a possible demerger from its price comparison site Gocompare as part of a strategic review.
Insurance Council of Australia declares catastrophe in Tasmania and Victoria
As the result of a deadly east low storm, the Insurance Council of Australia has declared a catastrophe in Tasmania and Victoria after a similar declaration in New South Wales yesterday.
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.