News
Brit to lead US partner to $175m capacity
Brit will help increase capacity at US-based Ambridge Partners to $175m (£120m), with the specialty insurer acting as lead partner to increase Ambridge’s transactional liability facility.
Chubb unveils Asia-Pacific marine underwriting managers
Chubb, the newly merged entity of Ace and Chubb, has promoted two senior underwriters in its marine cargo Asia-Pacific team.
Zurich rebalances in Asia-Pacific as premium declines
Zurich's general insurance division has taken corrective steps over the last year in Asia-Pacific to concentrate on more profitable growth.
Industry will have time to deal with business implications of Brexit
Market commentators are divided over whether it is too early to start contingency planning ahead of the planned referendum on the UK's membership of the European Union, despite a senior Lloyd's official warning the sector to be prepared for all possible…
Storm and flood claims to cost Lloyds Banking Group £60m
Lloyds Banking Group expects to fork out around £60m on claims for household damage caused by the floods and storms that wracked the UK over December and the New Year.
Legacy systems cited for brokers' poor view of insurer data
Less than one-fifth of UK brokers would describe the quality of data and information held by insurers as good or excellent, according to a survey by EDM Group.
Your last opportunity to help shape the SME insurance market of the future
SMEs are often described as the life blood of the UK economy.
Claimant law firm billed £27k as Allianz PI claim is struck out
A claimant solicitors firm has been ordered to pay £27,000 of defendant legal costs after a personal injury claim lodged with Allianz was struck out by a court.
Israeli start-up Passportcard planning UK launch
Travel insurance start-up Passportcard is intending to be operational in the UK by the end of 2016.
SRA consults on minimum terms changes to PII policies
The Solicitors Regulation Authority is consulting on technical changes to the minimum terms and conditions that need to be included in professional indemnity insurance policies.
MoJ proposes capping CMCs' PPI fees
The Ministry of Justice has proposed capping fees charged by claims management companies handling mis-sold payment protection insurance claims, in a consultation launching today (15 February).
Over 1000 claims lodged after Christchurch earthquake
A magnitude 5.8 earthquake struck on 14 February near Christchurch in New Zealand.
Victoria bushfire claims rise above A$150m
The devastating Christmas time fire in Victoria known as the Great Ocean Road bushfire has now cost insurers over A$150m (£74m).
Endsleigh digital boss Harper joins millennial insurance start-up Zugar Znap
Endsleigh Insurance’s head of digital, Iain Harper, has joined millennial-focused insurance and lifestyle start-up Zugar Znap Group as digital director.
Gallagher pleased with injunction success
Arthur J Gallagher has said it is pleased with a court order granted in the Portsoken case, which it stated ensures "valuable and confidential information" belonging to the firm is located and deleted from Portsoken's systems.
Torrance joins Novae board as NED
Former Allianz CEO Andrew Torrance has been appointed as independent non-executive director to the board of Novae Group, effective 1 March 2016.
Assurant Solutions promotes marketing boss to CEO
Specialist insurer Assurant Solutions has promoted Andy Morris to CEO and president of its European operations.
Norwegian Hull Club to open London office
The Norwegian Hull Club is to open an office in London's EC3 area, its first outside Norway.
Quiz of the week – 12 February
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
AIG's P&C division lost $2.3bn in Q4 2015
Global giant AIG's property and casualty arm fell to a loss of $2.3bn (£1.3bn) in the fourth quarter of 2015 compared with a $935m profit in Q4 2014.
Bluefin lodges High Court injunction against ex-CEO Bruce and GRP
Bluefin has suspended two current members of staff and obtained an injunction in the High Court against its former CEO Mike Bruce and specialist investment group Global Risk Partners.
Marsh recruits ex-GCHQ director for cyber role
Marsh has appointed former UK security and intelligence organisation GCHQ director Sir Iain Lobban as a senior adviser on cyber risk.
Winter storm learnings key for Flood Re's future
Learning from the December 2015 floods and longer term data trends will be key to making Flood Re a success, according to its CEO Brendan McCafferty.
Zurich closely monitoring Brexit developments
Zurich is keeping a close eye on how the referendum over UK membership of the European Union progresses, according to UK general insurance CEO Vibhu Sharma, who highlighted the company's position as one that is already headquartered outside the EU.