News
ABI and IFB label Vnuk as a 'hospital pass ruling'
The Association of British Insurers and the Insurance Fraud Bureau have labelled the Vnuk ruling a ‘hospital pass ruling’ and criticised it for being unworkable in the UK.
One in three insurance firms to set up operations outside UK following Brexit
One in three insurance firms intend to set up operations outside the UK following Brexit.
Northern Irish insurance salaries rise despite Brexit fears
Four out of 10 insurance workers in Northern Ireland received a pay increase in 2016, with on average increases of 3.7%.
Ian Penny to take over as chief information officer at Hiscox following Wharton's departure
Ian Penny has been appointed as chief information officer for Hiscox, taking over from Gareth Wharton who is joining a newly formed cyber initiative at the company.
General election 'could delay whiplash reform for years'
Theresa May’s decision to hold a snap general election could delay the Ministry of Justice’s proposed whiplash reforms for years, campaign group Access to Justice has claimed.
FCA increases budget to tackle Brexit costs
The Financial Conduct Authority has increased its operating budget as a result of Brexit demands.
Private equity acquisition of Ryan Direct 'a sign of serious intent' say brokers
The acquisition of Ryan Direct is a sign of “serious intent” by the private equity backers of Towergate, brokers said.
Ryan Direct bought by Towergate owners
Ryan Direct Group has been bought by the private equity backers of Towergate, Madison Dearborn Partners and HPS Investment Partners.
Swiss Re establishes a regional legal entity in Singapore
Swiss Re has established a regional legal entity in Singapore for its reinsurance business unit in order to strengthen its "commitment to Asia".
Deafness claims 'could become the new whiplash'
The volume of noise-induced hearing loss claims has increased threefold since 2013, figures show.
Post People: 18 - 21 April
The latest market moves in insurance.
FCA to launch probe into use of Big Data in retail pricing
The Financial Conduct Authority will carry out a review this year on how Big Data affects pricing in retail insurance.
Brokers slapped with £10m increase to FSCS levy
Brokers will face an extra £10m levy over last year as a result of an expected spike in the number of payment protection insurance claims.
Andy Bord appointed permanent CEO of Flood Re
Andy Bord, interim CEO of Flood Re, has been appointed to the role permanently.
Zurich plans to underwrite Cover-More's travel policies
Zurich has confirmed it is interested in taking on the underwriting for Sydney headquartered travel subsidiary Cover-More's more than two million customers.
Week in Post: Doing a Chris and Gwyneth – but who gets to keep the tofu Easter egg?
Easter is all about new beginnings. This will be true for us more than most, as we at Incisive Media celebrate our new ownership.
AM Best downgrades MS Amlin’s Lloyd’s Syndicate 2001
AM Best has downgraded the financial strength rating of MS Amlin's Lloyd's syndicate 2001 to A from A+.
Ghostbroker ordered to pay back over £250,000 for selling fake policies
A ghostbroker has been order to pay back £253,000 for scamming over 50 people with fake insurance policies.
Swiss Re estimates Debbie claims at $350m
Swiss Re has estimated its claims burden from Cyclone Debbie in Australia at around $350m (£278m).
Zurich completes Australia Cover-More acquisition
Switzerland-headquartered global insurer Zurich has completed its acquisition of Australian travel insurance group Cover-More.
ICA calls for A$200m disaster mitigation funding as Debbie claims rise
As claims from Cyclone Debbie rise to A$660m (£398m) the Insurance Council of Australia is urging the Australian government to increase disaster mitigation funding.
LV to cover reinsurance rate rises with higher premiums
LV will cover any reinsurance price rises as a result of the Ogden rate cut solely through premium increases.
Kieran Rigby appointed as president of Crawford International
Kieran Rigby has been appointed to president of Crawford international, encompassing the UK, Europe, Asia-Pacific and Latin America.
Industry wary of consultation on 'virtually unenforceable' Vnuk ruling
Industry bodies have raised concerns about the government’s consultation on the ‘Vnuk judgement’, saying that it could lead to increased costs and fraud.