News
London market bosses to prioritise modernisation
Market modernisation, underwriting systems upgrades, and Brexit preparations are the top three 2018 priorities of Lloyd’s market chief operating officers, according to survey findings.
Das v Asplin: Defence begins to close its case
The defence has begun to close its arguments in the ongoing trial between Das UK and ex-CEO Paul Asplin and others.
Lemonade backer leads investment round into Indian insurtech
Indian online insurance aggregator Policy Bazaar has raised over $200m (£150.67m) in a series F funding round led by Soft Bank.
Post-Brexit clause could minimise claims disruption
The International Underwriting Association has published a Brexit contract continuity clause, to tackle claims disruption that could occur with an end to passporting post-Brexit.
FCA to launch signposting service for people with pre-existing medical conditions
The City watchdog will create a service to direct people with cancer and other pre-existing medical conditions to affordable travel insurance.
Ex-Quindell firm to target 10% of med reporting market
Former Quindell business Mobile Doctors has laid out plans to capture 10% of the medical report market by 2021.
Week in Post: How much are your limbs worth?
One of the highlights of the World Cup so far was watching Portuguese defender Pepe collapse in agony after receiving a pat on the back from Moroccan player Mehdi Benatia. But when you see how much footballers insure their body parts for, it isn’t really…
Zurich to move claims roles following Leeds office consolidation
Exclusive: Zurich is consulting over a number of claims handler roles as part of an office closure in Leeds.
Watershed CBL meeting delayed over restructure proposals
The directors of collapsed New Zealand-based insurer CBL have proposed a restructure, pushing back the date of its voluntary administration watershed meeting.
The Post Claims Awards 2018: Full list of winners
Who won what at the 2018 Post Claims Awards held last night at the Royal Garden Hotel?
Direct Choice closure hits Saga retail growth
Saga’s retail insurance policies grew by just 1% year on year for the four month period from 1 February 2018 to 31 May 2018, a trading statement released ahead of its annual general meeting shows.
Hiscox CEO casts doubt on UK ILS framework
Exclusive: Hiscox CEO Bronek Masojoda cast doubt on the UK regulator's ability to make good on its promise to create a flexible framework for ILS business in London.
Verisk acquires Validus IVC
Verisk has acquired automated subrogation platform provider Validus IVC to offer its customers automated claims processing.
Peter Winslow to step down as BGL chairman
After 23 years at BGL Group, Peter Winslow will be stepping down from his role as non-executive chairman.
Slow growth and competition forcing insurers to rethink acquisition strategy
Insurance executives are pursuing acquisitions and partnerships to grow their business, but the majority of insurers are having to rethink their acquisition strategies.
Former claims fraud investigator jailed for fraud
The former director of a firm used in the past by Ageas and ERS to investigate fraudulent claims, has himself been jailed for fraud.
Credit hire firm valued at £110m following market float
Credit hire firm Anexo Group raised £25m through an initial public offering, valuing the group at £110m.
Big Four audit firms censured for 'lack of scepticism'
The Big Four audit firms have seen a fall in quality in the past year owing to a “failure to challenge management”.
Axa and Allianz strike latest GRP broker deals
Axa has taken on the agency for the commercial combined and fleet business portfolios for GRP’s ‘south-eastern hub’ Green Insurance Group (Greens), while Allianz has made a bespoke agreement with GRP’s Sagar, McGrady’s and Abbey Bond Lovis to take on…
Grahame Chilton steps down as UK Gallagher CEO
Grahame ‘Chily’ Chilton will step down from his role as UK CEO at Gallagher, and will be replaced by Simon Matson.
RSA could face loss from £100m Glasgow School of Art blaze
Exclusive: RSA is unlikely to face the majority of the expected £100m losses from this weekend’s fire at Glasgow School of Art. However the company said it is calculating its own exposure.
LV splits up innovation team ahead of Allianz JV
LV has split up its innovation operations for general insurance and life and pensions into two separate dedicated teams, as a result of its joint venture with Allianz.
Carillion collapse causes ‘ripple effect’ of trade credit claims
The number of trade credit claims has increased by 50% owing to a “ripple effect” from the collapse of Carillion.
This week in Post: Bullying, Brexit and big predictions
This week in Post, the government said that it is considering plans to exclude cyclists and vulnerable road users from the proposed £5000 limit on fast track claims.