News
Willis recruits two directors from Marsh in Asia
Willis has made two managerial appointments in its technology and risk services divisions in Asia.
Increased competition takes its toll as Lancashire profits plummet
Lancashire Holdings has seen its profit before tax nosedive by almost $40m (£23.5m) in the opening six months of the year on the 2013 half year figure of $137.2m.
MGAA membership hits 93 as original steering group is honoured
Managing General Agent Association chairman Reg Brown has heralded the association’s work in raising regulatory awareness of the booming sector after revealing the MGAA now represents more than £3.3bn of gross written premium.
First half catastrophe losses 19% below 10-year average
Insured catastrophe losses for the first half of 2014 were $22bn and around 19% below the 10-year average of $27bn according to catastrophe modelers Impact Forecasting.
Cathay Century is lead insurer for Taiwanese plane crash
The insurance coverage for yesterday's deadly plane crash on Penghu island is split between eight Taiwanese insurers.
Insurers adopt watch-and-wait approach to India ahead of proposed FDI changes
The proposed increase in the foreign direct investment cap in Indian insurers from 26% to 49% may not have the desired effect if the conditions for investment are too stringent, according to market commentators.
TransAsia plane crashes in Taiwan; 48 dead
A TransAsia Airways aircraft crashed yesterday in stormy weather on the island of Penghu in Taiwan. 48 people are dead and 10 are injured.
Which? clamps down on financial products' ‘sneaky fees'
Which? is calling for clarity around fees and charges on financial products following an investigation that revealed 50% of the motor insurers it examined had increased their fees in the past three years.
Gallagher signs three-year deal with Parkinson's UK
Arthur J Gallagher is growing its offering for the charities sector signing a three-year deal with Parkinson's UK alongside four further partnerships currently under negotiation.
Aviva calls for rehab-only compensation for minor road accident injuries
Aviva is pushing for changes to motor insurance compensation including cutting cash compensation for minor whiplash injuries and restricting personal injury lawyers to cases where their expertise is needed.
CII president Mistry hammers out 'one voice' agenda
Chartered Insurance Institute president Ashwin Mistry has issued a rallying cry for other industry organisations and trade bodies to get behind his ‘one voice’ agenda in a bid to exceed increasing consumer expectations.
Tesco Compare to close next month
Tesco is to shut down its price comparison website Tesco Compare from 31 August.
ABI supports amending portal to include multi-defendant claims
The Association of British Insurers wants to see the Ministry of Justice claims portal extended to include multi-defendant claims, in a bid to tackle the rising costs of industrial deafness, Post understands.
QBE hands GAB Robins TPA deal
QBE has agreed a deal to hand GAB Robins sole control of third party administration services commercial property business acquired from Brit, Post can reveal.
Priest & Co administrators sell broker's corporate risks division
Independent Lloyd’s broker Priest & Co has been forced to sell its corporate risks division after the company slipped into administration.
One in five holidaymakers risk traveling uninsured
Travel insurance helps over 4,300 people every week, yet one in five holidaymakers risk traveling without it, according to new data from the Association of British Insurers.
Bridges joins Biba as technical services manager
The British Insurance Brokers’ Association has appointed Martin Bridges as its technical services manager with immediate effect.
Post magazine – July 2014 - Claims video edition
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Disposals push Capita to £238m profit
The sale of ailing broking business BDML, Sureterm, Lancaster and Delta to Markerstudy has helped push Capita to a pre-tax profit of £238m for the first half of 2014.
York International grows financial lines capabilities in London
York Risk Services Group subsidiary York International has appointed Carlos Michel as senior adjuster as it looks to expand its London-based financial lines capabilities.
UK motor market not seeing 'sustained recovery in prices'
Despite investor hopes of a hardening market for UK motor, no insurer is making the level of losses needed to spark “a sustained recovery in prices”, according to research from Exane BNP Paribas.
Aviva renews Cega partnership
Aviva has renewed its long-standing claims partnership with Cega Group.
Ace launches information privacy cover in Singapore
Ace's product provides coverage against claims for privacy infringement liability or defamation.
Matmo dumps heavy rain on Taiwan
Typhoon Matmo drenched Taiwan causing at least one casualty; however, there was relatively little damage to property.