News
John Murphy and Glenn Marshall resign from Dual
John Murphy has resigned as managing director for speciality risks at Dual, Post has learned.
XL Group gets approval to buy back up to $1bn ordinary shares
The board of XL Group has approved a share buyback programme, allowing the company to purchase up to $1bn (£695m) of its ordinary shares.
KPMG to let insurers compare Solvency II data
KPMG has today launched a Solvency II data aggregation service that allows insurers to benchmark themselves against other insurers.
Generali sees adverse market conditions impact results but COR improves
Market conditions hit Generali’s bottom line via its investments for the first quarter, with net profit down 13.8% (or €588m), but combined operating ratio improved to 92% from the previous quarter.
Lark acquires Euromarine Insurance Services
Lark Group has strengthened its position in the marine sector with the acquisition of Euromarine Insurance Services, a specialist marine insurance intermediary and underwriting agent.
Marine insurer Skuld reports 95% COR but flat bottom line for 2015
Oslo-based Skuld has seen an improvement in its combined operating ratio to 95% (2014: 99%) but reported a flat bottom line result of $13m for 2015 (2014: $13.5m or £9.3m).
Geo-blocking changes in Europe could have ‘substantial impact’ on insurers
The Actuarial Association of Europe has called on the European Commission to consider the definition of justifiable geo-blocking, especially in the context of insurance.
Quiz of the week – 13 May
Test your knowledge of the week's insurance news, and Biba 2016, with the Post insurance quiz of the week.
Hiscox expects ‘manageable loss’ from Alberta wildfires
Hiscox expects a manageable loss as a result of claims arising from the Alberta wildfires, according to the insurer's interim management statement for the three months ending 31 March 2016.
Biba returns to Manchester in 2017
The British Insurance Brokers’ Association conference will return to Manchester Central for its annual conference next year.
#BibaFever 2016 - The Great Biba Bacon Butty Off
Our intrepid reporters find out which stand has the best butties at Biba 2016
Biba 2016: Chubb to focus on local access to attract independent brokers
Newly merged Chubb will launch around 16 new or enhanced products this year with the company shifting its underwriting proposition to a more local focus.
Covent Bridge completes first UK acquisition
Investigation firm Covent Bridge Group has acquired Surrey-headquartered BDL Investigations, marking its first acquisition in the UK.
Manchester ghostbroker convicted after faking over 150 policies
A ghostbroker who set up more than 150 fraudulent motor policies with Aviva has been caught in Manchester and faces almost two years in jail.
Zurich UK GI 'back in the black’ despite GWP fall
Zurich’s UK General Insurance division reported an 11% fall in gross written premium in the first quarter.
Williams promoted at RSA to group underwriting director
Nathan Williams, chief underwriting officer - Scandinavia at RSA, has been promoted to group underwriting director at the UK-headquartered insurer.
#BibaFever 2016 - Inga Beale on SME
Lloyd's CEO on the challenges brokers face, the importance of SMEs to the market and the EU referendum.
Zurich returns to profit in Q1
Swiss-headquartered Zurich's after tax global profits fell 28% from $1.22bn (£845m) in the first quarter of 2015 to $875m (£607m) in Q1 2016.
#BibaFever 2016 - Brexit or Bremain
Did the debate on the upcoming EU referendum sway any delegates at Biba 2016?
Biba 2016: Brokers should look to industry disruptors to stay ahead
Insurers shouldn't be alone in tackling market disruption, it’s time for brokers to get in on the act, according to Axa Assistance.
#BibaFever 2016 - Who has the go to stand?
According to this year's tagline, Biba 2016 is the "go to place". But whose stand is the go to stand?
Biba 2016: Gordon Brown presents award to industry rising star
Former Prime Minister Gordon Brown presented the Young Broker of the Year Award at Biba 2016.
Biba 2016: UK SME business remains key for Lloyd’s, says Inga Beale
Lloyd’s CEO Inga Beale, pictured, has told Post SMEs remain an important part of the market’s plans.
Biba 2016: Guide for brokers on Insurance Act released
A new guide has been launched for brokers on how operate under the Insurance Act, which comes into force in August.