News
EY predicts 8% motor premium increase
Motorists can expect an average 8% rise in the price of their insurance which is equivalent to a £30 annual increase per driver, according to EY research.
R&Q acquires Maltese subsidiary of US Fidelity National
Randall & Quilter will acquire Maltese subsidiary of US-based Fidelity National, FNF Title Insurance Company, subject to regulatory approval.
Quiz of the week - 20 November
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Pool Re insurers to take higher retention after terror attack
Pool Re members will take a greater retention in the event of a terrorism loss, shifting from £100m to £135m at any one event.
Call for more prominent role for MGAs in claims process
MGAs want to get closer to the claims process according to the latest Managing General Agents' Association survey.
RSA transfers home and injury adjusting team to Cunningham Lindsey
More than 120 RSA home and injury loss adjusters are to transfer to Cunningham Lindsey from 31 December.
Chemical or nuclear terrorism covered by Pool Re
Pool Re CEO Julian Enoizi said the government-backed terrorism reinsurance scheme would be ready to respond to biological or chemical attacks, after French prime minister Manuel Valls raised concerns about such incidents on French soil.
Guernsey Finance selects new chairman as Gilligan retires
The board of Guernsey Finance has appointed Lyndon Trott as its chairman following Jim Gilligan's decision to step down from the role.
Industry body reaffirms commitment to help combat climate change
Leaders in the re/insurance sector are today (19 November) confirming their commitment to climate change ahead of the United Nations conference in Paris later this month.
Underwriting Service Awards 2015: The Winners
The great and the good of the underwriting service community descended upon the Royal Garden Hotel last night (18 November) for Post’s annual awards bash.
Post docu-video: European Windstorm
Over this weekend European wind storms have again been headline news.
Brightside's Jackson on gardening leave following departure
Brightside's carrier and capacity director Keith Jackson has left the broker.
AIG pays S$40,000 a day for Singaporean travel claims
Singaporeans favourite reason for going abroad is to go shopping according to research from AIG.
Emms leaves Zurich in executive reshuffle
Zurich UK general insurance chief claims officer Tony Emms is to leave the business with motor and casualty claims director Karl Helgesen taking on the position from December 2015.
Pool Re mulling cover for cyber terrorism ‘manifestations'
Pool Re is undertaking a study into whether the government-backed scheme might cover certain manifestations of a cyber terrorist attack, such as fire or explosion.
Flood Re secures £1.29bn towards reinsurance target
Munich Re and Swiss Re are the leading reinsurers that have so far contributed to the £1.29bn yearly cover for the Flood Re scheme.
Three UK Crawford execs depart
Global loss adjuster Crawford and Company has confirmed the departure of five executives, including three from the UK.
Profit up 19% at Hastings in opening nine months
Operating profit for Hastings Group continues to track upwards, with a 19% increase to £93.8m for the nine months to 30 September (9M 2014: £79m).
ATL plots energy market gains after swooping for JLT team
Independent Lloyd’s broker ATL Marine & Energy has appointed a senior team of specialist energy brokers from JLT in a bid to drive the growth of its energy account in Europe and Latin America.
The Insurance Debate: Professionalism parity
Today Post and Insurance Age – in association with the Chartered Insurance Institute – is launching an interactive forum where you will be able to discuss important topical issues, using an Oxford-style debate.
Crowded places initiative take-up positive for UK resilience in light of Paris attacks
Promising early take-up of the government’s crowded places initiative has been “positive for building the resilience of British infrastructure” if faced with a similar attack to that witnessed in Paris last week, according to Pool Re CEO Julian Enoizi.
UK braces for Storm Barney's 45mph winds
More than a third of the UK is expected to experience gusts stronger than 45mph this week as Storm Barney batters the Midlands and Wales.
Digital development key for insurers in keeping up with customer demand
Insurance companies have been urged to prioritise harnessing digital technology to meet consumers’ lifestyle demands if they are to thrive in the modern business landscape where frequent customer interaction is crucial.
Legal implications cited by insurers amid complex policy wording criticism
Insurers should be cautious about watering down legal policy wordings to make the documents easier to read, commentators have warned, despite new research showing one-third of policies are written for those with a university-equivalent reading level.