News
Chiu takes on Zurich global corporate role in Hong Kong
The founder of Dual Asia has been given a different role at Zurich Hong Kong after running financial lines for Greater China.
IAG posts solid results in 'challenging conditions'
Australian-headquartered giant IAG saw after tax profits fall 14% but insurance profits climb 6.8% for the full year ending 30 June.
IAG grows Asia GWP to A$757m
In the last financial year Australian-headquartered insurer IAG grew its gross written premiums in Asia, outside of China, 7.5% to A$757m (£582m).
Global insurtech attracts £1bn of venture investment in the first half of 2016
Over £1bn in venture capital has been invested in global insurtech in the first half of the year, according to a report.
Ghost broker who conned friends sentenced
A ghost broker who ripped off friends and family has been sentenced at the central criminal court.
Home insurance premiums remain competitive despite extreme weather conditions
Despite extreme weather and flooding, the cost of combined buildings and contents insurance policies is at its lowest in four years.
Markel UK opens new Birmingham office
Markel UK has moved to a bigger office in Birmingham in order to “grow in profile” in the city.
The County Group acquires broking business GR Plimbley
The County Group has acquired its competitor, insurance broker GR Plimbley, and expanded its branch network to 18 locations.
Moore and Beale elected to top CII jobs
Thomas Carroll Group chairman John Moore MBE has been elected president of the Chartered Insurance Institute.
Week in Post: Amazon Echo; pills that make you hard; CMC scourge and elderly drivers
This week Post reporter Rosie Quigley and I were given a tour around the Accenture Innovation Lab at Plantation Place in the City.
N&G to provide £30m capacity for Towergate
Navigators & General will provide capacity for up to £30m in premiums from Towergate over the next five years, under a deal signed today.
QBE creates chief underwriting role for Australia and New Zealand
QBE's group chief actuary to become chief underwriting officer for Australia and New Zealand.
QBE cancels £31.1m deal with Network Rail
A £31.1m insurance arrangement between QBE and Network Rail was not renewed in the first half of the year because of “unacceptable terms”.
Catastrophes force $31bn global payouts in H1
Insurers paid out $31bn (£23.5bn) in the first half of the year as a result of catastrophes, an increase of 51% over last year.
Brightside sees slump due to 'brutal' motor market
Personal lines broker Brightside has seen its pre-tax earnings drop by 24% amid what it described as a “brutal” private motor environment.
Avanti launches last-minute travel insurance
Avanti Travel Insurance has launched a product which aims to shorten the time taken to arrange travel insurance for last-minute travel.
PPO levels remain low, Aon survey reveals
The volume of Periodic Payment Orders remains low, according to a motor insurance study published by Aon Benfield.
QBE could set up post-Brexit EU entity ‘before 2018’
QBE could set up a legal entity in Europe before the end of next year if a decision over passporting rights has not yet been made.
Admiral CEO predicts 'no material difference' following Brexit despite dramatic drop in solvency ratio
Admiral CEO David Stevens today said that Brexit will make no material difference to the insurer, despite the group seeing a significant drop in its solvency ratio following the out vote.
Clydesdale Bank confirms 'appetite' to assist MGA's as Lorega lands £2.75m funding package
Lorega has secured a £2.75m funding package from Clydesdale Bank’s specialist and acquisition finance team for "additional growth".
Newman swaps XL Catlin for Sompo Canopius in Singapore
Mark Newman, former head of Asia at XL Catlin, has joined Sompo Canopius as its CEO Asia-Pacific, Middle East and North Africa.
Video: FCA study into the sale of add-ons
This infographic illustrates the main details of the FCA’s study into the sale of general insurance add-ons.
Admiral increases overseas' car customers by 20% in first half
Admiral's CEO David Stevens has hailed the strength of the business as he unveiled his first results since taking on the top job.
Ford targets 2021 for driverless cars without steering wheels
Global motor giant Ford is looking to build a mass produced fully driverless car for ride-sharing by 2021.