News
Post people - 6 - 10 June 2016
Who has moved where this week in the world of insurance.
Gallagher’s adds two divisional directors from Willis
Former Willis directors Mark Champion and Paul Rogers have been appointed as divisional directors in Arthur J. Gallagher’s aviation team.
Results yield growth for Tysers
Lloyd’s broker Tysers has seen revenues rise to £46.8m (2014: £41.3m) and EBITDA grow to £9.4m (2014: £8.2m) in its 2015 results.
Three dead after powerful New South Wales storm
A weekend of intense storms over New South Wales have left three dead and a trail of damage.
DWF added to ABI’s associate member list
The Association of British Insurers has added DWF to its associate membership category, the latest in a series of law firms accepted to the new offering.
Quiz of the week - 03 June 2016
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Perils loss estimate for Storm Desmond falls by £65m
Catastrophe data firm Perils has revised its loss estimate from Storm Desmond down to £597m, from £662m in its last report.
IUA warns job losses ‘highly likely’ if Brexit camp wins
Job losses among the 34,000 people employed directly in the city’s commercial insurance sector, and thousands more indirectly, are likely if the UK votes to leave the European Union, according to industry bodies.
Post Claims Awards: AIG, Allianz, Aviva, LV and RSA's Paton among the winners
RSA group claims director Bill Paton was last night acclaimed as the achievement award winner at the Post Claims Awards.
Greenberg to face civil fraud charges in New York
Hank Greenberg, former chairman and CEO of AIG and current CEO of insurer Starr, will need to stand trial for civil fraud charges in New York.
Mullins joins Chubb in Australia
Environment consultant Ian Mullins has joined Chubb to become environmental risk underwriter for Australia.
Swiss Re to offer cyber security cover
Swiss Re’s insurance unit has become the latest to offer “advanced” cyber cover for the UK.
Digital Insurance Collective: UK insurance industry is still operating on a 'basic' digital level
On the digital continuum the UK insurance industry is mostly operating in the ‘basic digital' space.
Digital Insurance Collective: Firms need to find new kings and queens to lead innovation
Insurers need to eliminate barriers and promote the customer over profit - no matter whether it is an “anathema” to the current status quo - to succeed in digital.
Revealed: FCA and PRA unprepared for a Brexit
The industry’s two main regulators have not carried out any formal review of the potential impact of a Brexit, an investigation by Post can reveal.
Floods in Germany and France claim lives
Heavy storms and flash flooding have seen four people die in Germany and one in France as flood waters swept through the region.
Half of motorists ‘unsure how insurance is calculated’
Motor insurance needs to be easier to understand, according to 86% of UK drivers, with 51% unclear how their insurer works out their policy.
Amazon and Google shaping insurer communications of the future
Purely digital retailers such as Amazon and brand giants like Apple are potentially having a huge impact on expectations of insurance policyholders.
Co-op GI CFO Kieran O’Keeffe returns to LV
LV has appointed Kieran O’Keeffe as finance director for general insurance, who is expected to join towards the end of the year.
Blottiere appointed COO of Axa Asia
Axa has appointed Marc Blottiere as regional chief operating officer for Axa Asia.
Munich Re subsidiary to axe around 1,800 jobs in Germany amid 'brutal' cost cutting
Munich Re’s primary insurance group, Ergo Group, has announced plans to lower its cost basis and inject a total net figure of €1bn to 2020, but 1,800 jobs will go as part of the changes.
Gable CEO to use 'private vehicle' to provide regulatory capital guarantee
Gable CEO William Dewsall said it would be “inappropriate” for Hogarth Underwriting Agencies to provide a £10m guarantee that would form part of Gable’s regulatory capital.
PIB acquires Channel Insurance Brokers
PIB Insurance Brokers has launched a presence in the Channel Islands with the acquisition of Guernsey-based Channel Insurance Brokers.
Markel’s Wayne Paternoster and Robin Ungless made redundant
Markel International’s joint managing directors of specialty Wayne Paternoster and Robin Ungless have been made redundant, following a wholesale business restructure of the insurer, Post can reveal.