News
Quindell posts £35.5.m loss for H1
Quindell has posted a pre-tax loss of £35.5m for the six-month period ending 30 June 2015, compared to a loss of £25.6m in the same period in 2014.
Insurance results drives Saga performance
The motor and home insurance businesses at Saga have contributed to a strong groupwide performance in the six-month period ending 31 July 2015.
Ageas eyes Indonesia after Hong Kong sale
Ageas CEO Bart de Smet has said the insurer is interested in expanding in Asia's less developed markets.
No significant insurance losses from Typhoon Dujian, says AIR
Typhoon Dujian which hit Taiwan and China over the last few days brought strong wind and heavy rain but few insurance losses according to modeling firm AIR Worldwide.
Carney warns of climate change threat to insurers
Speaking at the annual Lloyd's of London dinner last night, Mark Carney, the governor of the Bank of England warned about the troubling financial implications of a changing climate for insurers.
Risk managers admit need for new skills in face of emerging risks
More than seven out of 10 (71%) risk managers consider their overall level of influence is greater now than it was three years ago, according to Ace European Group research.
Interview: Richard Bishop: Complex and compliant
Cobalt Underwriting founder Richard Bishop talks to Post about why he launched London’s first Islamic insurance managing general agent – and why London needs to stay relevant.
Penny Black's Insurance Week - 1 October 2015
Penny finds some things dreadfully predictable, including the way the English do things ‘a bit differently’.
Revised rehab code addresses loophole after ‘challenging' consultation
Those involved in putting the updated rehabilitation code together have conceded it was a "challenging" process to satisfy all parties ahead of the code becoming operational in December.
Warren Buffet reduces Munich Re shareholding
US investor Warren Buffet has reduced his shareholding in Munich Re, the German-based firm has said.
Brightside sees £43.7m loss for 2014
Broker Brightside Group has posted a £43.7m loss for the year ended 31 December 2014 compared to a profit of £7.7m in 2013, documents filed at Companies House have revealed.
Burke becomes CILA president with SCOR's Clark serving as deputy
Crawford & Company’s head of global markets Benedict Burke has been officially unveiled as the next president of the Chartered Institute of Loss Adjusters.
SRA urged by insurers to be tougher on solicitors facilitating fraud
High level talks between the Solicitors Regulation Authority and insurers are being arranged amid criticism of the legal watchdog’s ability and appetite to effectively regulate claimant solicitors suspected to be facilitating fraud.
D&O insurers facing VW payout as emissions scandal rumbles on
The increased use of technology in motor vehicles has been highlighted as a grey area in determining where product liability falls, in light of the Volkswagen emissions scandal, which will likely see directors and officers' insurers on the hook.
Impact Forum: Lloyd’s takes no nonsense approach to cyber
The Lloyd’s market is tackling cyber head-on as it aims to reduce the risk for its syndicates, according to Nick Beecroft, emerging risk and research specialist at Lloyd’s.
Career File: Brian Kirwan named CEO at AGCS UK
Allianz Global Corporate and Specialty has promoted Brian Kirwan, regional unit London head of market management and communications, to CEO of AGCS UK. He will report directly to Carsten Scheffel, chief regions and markets officer and member of the board…
Market Moves - 1 October 2015
Who has moved where in the world of insurance this week?
Industry leaders hammer out key conference season concerns
Less government intervention in business, the cost of regulation and the planned increase in insurance premium tax top the list of topics that the insurance industry wants addressed ahead of the annual political conference season.
Nimmo to take on Lockton CEO role as Hammond becomes exec chair
Lockton international operations' deputy CEO Neil Nimmo is set to replace Mike Hammond as CEO of the privately held broker in the UK and internationally.
Insurers told to embrace the connected home or lose out
Deutsche Telekom is calling on the insurance industry to seize the opportunity that the connected home represents, in terms of future growth, before the enabling technology is exploited by others.
Consumer Intelligence index notes 5.5% premium fall for young drivers
Average motor premiums for drivers under the age of 25 dropped 5.5% in the year ending August 2015, according to insurance market researcher Consumer Intelligence.
Quindell will 'vigorously defend' claimant lawsuit
A claimant group has written to Quindell informing the embattled outsourcing company it intends to sue it for up to £9m before costs.
Aon's Christian to focus on diversity as IIL president
Aon's UK CEO Dominic Christian has been appointed president of the Insurance Institute of London and will focus on diversity and inclusion as the theme of his term.
Dual targets more private clients with rebranding
Dual is targeting more private client business as it wraps its Aqua and Aarun private clients' portfolios with Dual's global reach.