News
Claimant firms' profits forecast a 'sign of market consolidation'
The CEO of the Forum of Insurance Lawyers, Laurence Besemer, believes the results of a survey showing that personal injury firms expect to deliver more profits in the coming year is merely a sign of "more market consolidation".
Emergence of 'disruptors' keeping established motor players on their toes
The launch of a broking start-up that provides motor insurance by the hour has been hailed as an example of a “disruptor” that will force established players to refocus on their customer proposition.
Importance of reputation coverage flagged in wake of Talk Talk breach
The growing number of high-profile data breaches has highlighted the importance of reputation coverage alongside cyber insurance and wider financial policies, according to industry experts.
Rival propositions expected as mass-market telematics app goes live
Telematics providers and insurers are backing a mass-market motor offering fronted by black box company Carrot amid suggestions other companies - including mobile phone networks - could follow suit.
Pinnacle secures first panel nomination with Giant Risk Solutions
Pinnacle Loss Adjusters has secured its first panel nomination after gaining property adjusting work from Giant Risk Solutions in the UK and Northern Ireland.
What you’ve been reading this week
The 10 most read stories on Post Online from 21 – 27 October 2015.
Career File: Tim Rourke: Rourke appointed LV personal lines underwriting head
LV Broker has appointed Tim Rourke as its personal lines underwriting head, effective from 1 November.
Market Moves - 29 October 2015
All the latest movers and shakers in the insurance market.
Fraudster handed suspended jail sentence following ERS private prosecution
An insurance fraudster has been given a suspended prison sentence and ordered to pay the costs of legal fees after a private prosecution launched by ERS.
Product liability comes to fore as motor manufacturers take on autonomous vehicle liability
Motor manufacturers accepting liability for autonomous vehicle crashes does not signal the demise of motor insurance, according to industry experts, who have suggested developments will instead lead to product liability playing a more prominent role.
FCA communications inquiry billed as opportunity for insurers
Insurers have been urged to change functions of the market that are “not working” by “grasping the opportunity” presented by the Financial Conduct Authority's consultation on improving communications with customers.
Heca teams up with Partner Re for Italian growth
Italian insurance agent Heca has agreed a new partnership with Partner Re Wholesale, the specialist SME-focused division of global reinsurer Partner Re.
IUA hires Mullan to oversee modernisation projects
The International Underwriting Association has appointed Caroline Mullan as a project management consultant to help with implementing London market modernisation projects.
Gallagher appoints Jack to overhaul technology systems
International broker Arthur J Gallagher has appointed former Hyperion chief information officer David Jack to lead its newly created technical advisory board.
Zurich acquires in Hong Kong
Zurich has bought small general insurer Kono Insurance in Hong Kong for an undisclosed fee.
AIG appoints first global head of cyber
Tracie Grella, AIG's global head of professional liability, has become AIG's first global head of cyber for commercial lines.
XL Catlin hit by integration costs and Tianjin claims
XL Catlin's first full quarter of results as a combined company saw heavy integration costs and a huge bill for the Tianjin port explosion.
Milliner resigns from Suncorp
Mark Milliner, head of personal lines at Suncorp, has resigned.
UK startup Cuvva launches first hourly insurance cover
UK start-up broker Cuvva has launched what it claims is the first motor insurance cover to be offered by the hour.
Penny Black's Social World - 29 October 2015
All the latest online news
Penny Black's Insurance Week - 29 October 2015
Penny feared the worst when the Met Office announced that it would allow the general public to suggest names for future UK windstorms.
Insurers willing to take more investment risk in face of quantitative easing
Global insurers are taking on more investment risk in order to protect profit margins, according to a new survey by investment management company Black Rock.
Blanc to lead Axa Ireland as restructure continues
Axa UK will bring all of its insurance business under one leader with Axa Insurance CEO Amanda Blanc taking responsibility for Axa Ireland from 1 January 2016.
O'Connor promoted to Willis GB financial lines CEO
Willis GB has appointed Mary O'Connor as CEO of its financial lines business.