News
Paris experiments with driverless buses
Paris began a three-month test of two driverless buses yesterday, in what is the first stage of the city's embrace of self-driving vehicles.
Triggering Article 50 will require an Act of Parliament
The Supreme Court has ruled by eight to three that the government cannot trigger Article 50 without an Act of Parliament.
Accidental damage cited as bigger threat than whiplash to motor premiums
The average car insurance premium rose by £35 over the course of just three months last year, with accidental damage blamed as a major factor.
Four insurance law firms form global network
DAC Beachcroft has joined three other insurance law firms to make a global network.
Blockchain could 'reshape' London market, report finds
Blockchain technology is a viable option for the London market, a report has found.
Insurers raise ‘serious concerns’ over Scottish child abuse reforms
Law change could open floodgates to historic claims
Competition is the key challenge facing insurers
Increased industry competition is the biggest challenge to business for general insurers, according to a survey.
Beale rules out Malta as post-Brexit Lloyd's base
Lloyd’s of London has ruled out Malta as the location for a European-based subsidiary, as the market continues to narrow its focus on a post-Brexit contingency plan.
AIG strikes $34bn legacy deal with Berkshire Hathaway's NICO
AIG has agreed a $34bn (£27bn) legacy deal with National Indemnity Company, a subsidiary of Berkshire Hathaway.
Eight out of 10 PI jobs at risk from whiplash reforms
More than 35,000 jobs may be at risk if the government’s whiplash proposals go through, a macroeconomics consultancy has claimed.
Broker Direct enters partnership with Transactor
Broker Direct has joined Transactor's panel of open market rated insurers.
Knowles takes on parent company name
Knowles Loss Adjusters has rebranded to Charles Taylor General Adjusting Services.
Swiss Re granted approval for Mumbai office
Reinsurance giant Swiss Re has been granted a branch license for India and will open up an office in Mumbai at the beginning of February.
Post People 23 - 29 January
Keep up with this week's movers
Leonardi appointed head of Generali Asia
Former senior Axa employee Roberto Leonardi has been appointed regional officer for Generali Asia’s insurance operations.
Tokio Marine launches self-learning Facebook chatbot for advisors
Tokio Marine Life Insurance Singapore is linking up with its IFAs and agents via an automated chatbot available on Facebook messenger.
Thailand opens up insurers to 100% foreign acquisitions
Foreign insurers can now buy up to 100% of Thai insurers' shares following a decision from the Thailand Finance Minister.
Paul Jardine replaces McMellin as XL Catlin CEO
Paul Jardine has been named CEO of XL Catlin and Catlin Insurance Company UK syndicate, succeeding Andrew McMellin.
Venture Insurance purchases Poole Martin
Venture Insurance has purchased Poole Martin which will see the company placing premiums of £13m per year.
Crime stats reveal 13% reduction in insurance fraud
There has been a 13% reduction in the amount of insurance fraud reported by the industry, according to government statistics.
ABI loses appeal on discount rate review
The Association of British insurers has lost an appeal to government on the judicial review on changes to the discount rate for personal injury damages.
This Week in Post: Trump, restructuring and asparagus
One of the silver linings of my job is the fact I receive emails about a wide range of subjects, most relevant, some less so.
50 brokers on SSP in ‘advanced negotiations’ over migration to Open GI
More than fifty brokers affected by SSP outages are in advanced negotiations to switch software provider to Open GI.
Enterprise liquidator passes motor claims handling to Gallagher Bassett
The liquidator for failed insurer Enterprise has handed over its motor claims handling to Gallagher Bassett from its previous handler.