News
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.
UN chief urges insurers to ‘green’ investments to manage climate risk
United Nations secretary-general Ban Ki-Moon has urged the insurance industry to "green" its investment portfolios and double its investment in clean energy to help manage the impact of climate change.
Insurance fraud in Australia rises above A$2bn a year
According to the Insurance Fraud Bureau of Australia, insurance fraud is costing Australians more than A$2bn (£1.1bn) a year.
Beazley hires three for Asia-Pacific marine division
Specialist insurer Beazley has hired three marine underwriters to be based in its Singapore office.
Markel in talks to make trio of redundancies following restructure
Markel International is in redundancy talks with three of its employees, following a wholesale business restructure announced on 13 April, Post understands.
Markel reduces number of operating divisions
Markel International has reduced the number of its operating divisions from seven to three, with the changes effective from 1 May.
Romero targets £4m in premiums for Nottingham office
Romero Insurance Brokers will aim to place around £4m in premiums in the first year of operation from its new Nottingham branch.
British Insurance Awards: The 2016 shortlist
Have you made the cut as a potential headliner? Well the wait is over - as today we reveal those companies that made it onto the British Insurance Awards 2016 shortlist.
Gen Re CEO to retire by end of 2016
Tad Montross, CEO at Berkshire Hathaway-owned global reinsurer Gen Re, will retire by the end of the year, according to a spokeswoman at the firm.
Gallagher swoops for two US retail brokers
Arthur J Gallagher has acquired two US retail insurance brokers in deals that closely follow it agreeing an $800m unsecured credit facility earmarked for acquisitions.
McDermott to leave FCA in July
Acting Financial Conduct Authority CEO Tracey McDermott is to leave the organisation on 1 July, the regulator has confirmed.
CJCA s57 fundamentally dishonest ruling sends 'strong message' to fraudsters
The first fundamentally dishonest ruling under section 57 of the Criminal Justice and Courts Act 2015 will act as a significant deterrent to potential fraudsters, according to the Association of British Insurers and law firm Horwich Farrelly.
Businesses urged to understand terrorism exposure as European risk rises
2015 was the most lethal year for terrorist violence in Europe in nearly a decade, according to research from Aon Risk Solutions, which also found one-third of all attacks in the western world since January 2015 targeted private citizens and public…
UK insurtech start-up Guevara to follow US P2P provider Lemonade and launch licensed insurer
One of the investors behind insurtech start-up Guevara has warned others they will need "a lot of patience” to bear fruit in the insurance market.