News
Lloyd’s chair Nelson to retire in May 2017
Lloyd’s chairman John Nelson plans to retire at the market’s annual general meeting in May next year.
#postpeople 09 - 13 May 2016
All the latest insurance industry market moves between 09 and 13 May 2016.
Ex-RSA claims handler gets 10 months jail following fraud conviction
An RSA claims handler admitted to illegally sharing customer details with a law firm as well as adding friends and family to genuine claims.
Axa to launch tool to tackle underinsurance in commercial sector
Brokers can more accurately calculate the business interruption risk for commercial clients with a new online calculator from Axa.
Claims Conference Hong Kong returns this week
The Claims Conference Hong Kong returns on Tuesday at the Renaissance Harbour View hotel in Wan Chai.
Chinese insurer Sunshine opens its first hospital
Chinese insurer Sunshine Insurance yesterday opened a hospital it built in association with Weifang City's government for 3bn yuan (£320m).
Officials raid two CMCs as part of wider crackdown
Two rogue claims management companies suspected of ripping off hundreds of people have been raided as part of a wider crackdown.
Xchanging CFO resigns after CSC acquisition
Xchanging chief financial officer David Bauernfeind has resigned from his role following the company’s acquisition by CSC.
ILAA to launch review service for disputed claims
The Independent Loss Adjusters Association will launch a claims review service next Tuesday (10 May) in a move to help cut down on legal costs over disputed claims.
Quiz of the week - 6 May 2016
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Allianz claims ‘business as usual’ in broker relations following restructure
Allianz said it will aim to forge closer ties with brokers following its restructuring on May 1.
Career Development: Allianz praises broker scholarship graduates
Allianz Commercial held a graduation event at the Andaz hotel in London to celebrate the 13 scholars who successfully graduated from the Allianz Partner Academy Scholarship programme.
Hester buys 100,000 RSA shares
RSA's CEO Stephen Hester spent £479,850 of his own money on 100,000 RSA shares yesterday.
Alberta wildfires could cost Canada's insurers over £4bn, says Bank of Montreal
Over 40 wildfires in Alberta, Canada could cost insurers as much as C$9bn (£4.8bn) according to the Bank of Montreal.
China sees mutual market development as "important", says CIRC
The Chinese government is supporting the development of the mutual market according to the country's regulator.
Esure sees Q1 GWP growth of 15.5%
Esure has seen its gross written premiums rise by 15.5% to £151m in the first quarter.
CSC completes deal with Xchanging
US-headquartered CSC announced it has completed its acquisition of Xchanging.
Hester: Still more to do to ensure RSA meets profit forecasts
RSA is on target to achieve or exceed its forecasts for operating profit this year, Group CEO Stephen Hester said.
Broker Network to return to role as ‘independent voice’ following partial MBO
Three senior executives appointed to the Broker Network in recent months have been involved in a partial management buyout, with plans to take the network back to its roots.
Oil and gas services sector targeted in new product from Willis Towers Watson
Willis Towers Watson has launched a product specifically for suppliers to the changeable oil and gas industry.
Enterprise Act to come into force on 4 May 2017
The Enterprise Act was granted Royal Assent yesterday (4 May), with policyholders able to claim damages for the late payment of insurance claims in 12 months' time.
Brexit would ‘significantly damage’ London Market, says IUA
Underwriters have raised concerns Brexit would limit access to markets and “significantly damage” London Market companies, according to the International Underwriting Association.
People: I work in insurance: Martin Banasik
Martin Banasik MSc, CEng, FIMechE is principal engineer (lift and crane) at Allianz Engineering
RSA's premiums stable in Q1 as Hester controls costs
RSA's net written premiums climbed 2% in the UK & Ireland to £635m in the first quarter of 2016.