News
Analysis: Under the skin of Lloyd's Blueprint One
Lloyd’s has published Blueprint One: the first of a number of ‘blueprints’ it intends to produce over the coming years as it overhauls the market for the 21st century
Aviva appoints Jan-Hendrik Erasmus as CRO
Aviva has appointed Jan-Hendrik Erasmus as chief risk officer, joining from Netherlands-headquartered financial services firm NN Group.
Insurer reserving in PRA’s crosshairs
Reserving has been reiterated as a key area of focus for the Prudential Regulation Authority, as the regulator suggested it could use its “formal powers” if insurance firms fail to meet standards.
Allianz and Gallagher respond as Saracens fined £5.4m and docked 35 points
Allianz-sponsored Gallagher Rugby Premiership champions Saracens have been fined £5.36m and docked 35 points for breaching the sport’s salary cap.
Thomas Cook only took out insurance cover for ‘very largest’ personal injury claims
The government has pledged to set up a statutory compensation scheme for Thomas Cook customers, after it emerged the travel company only took out cover for the “very largest” personal injury claims.
MoJ defends position on access to justice for children amid whiplash criticism
Exclusive: The Ministry of Justice has defended itself over a "loophole" in whiplash legislation that lawyers and trade bodies argue could leave the majority of children injured in road traffic accidents without access to compensation or representation.
Fire Protection Association calls for a quick ban on combustible cladding in all high risk residencies
The government must work quickly to make changes to building regulations and ban combustible cladding in all high risk residencies, the Fire Protection Association has urged.
VIPR promotes Paul Templar to CEO
Insurance software provider VIPR has promoted its chief technology officer Paul Templar to CEO.
Radius buys majority stake in The Burley Group
Radius Payment Solutions has bought a majority stake in transport specialist The Burley Group for an undisclosed sum.
Lemonade accuses Deutsche Telekom of 'bully tactics' as it fights trademark injunction
Insurtech Lemonade is fighting an injunction by T Mobile parent company Deutsche Telekom over use of the colour magenta.
Car crash repair costs up 4% in first half of 2019
The average cost per motor repair has reached £1919, research company Trend Tracker has calculated.
Hiscox reserved $165m to cover Dorian, Faxai and Hagibis claims
Hiscox has reserved $165m to cover claims from Hurricane Dorian and Typhoons Faxai and Hagibis, while reporting it expects to see fees and profit commissions dip $25m this year.
Swiss Re suspends share buy-back programme as nat cats bite
Swiss Re has cancelled a share buy-back programme, following a hit from natural catastrophes, capital deployment and the suspension of Reassure's initial public offering.
This week in Post: Carnival spooks
This week, some Post colleagues and I attended CFC Underwriting's annual Halloween party. The theme this year was carnival, and accordingly, the party was full of clowns, fortune tellers and more than the odd Joker.
CBL Corporation delists from New Zealand Stock Exchange
CBL Corporation has delisted from the New Zealand Stock Exchange, effective from close of play today.
Government takes aim at mobile phone road safety loopholes
The government will seek to tighten the law around the use of handheld mobile devices on the road, but will not extend a ban to hands free use.
Marsh raises concerns over syndicates' response to Lloyd's silent cyber mandate
Businesses could face surprising changes to their policy wordings ahead of their January renewals, as Lloyd’s property underwriters move to either affirm or exclude cyber coverage.
Whiplash reforms timeline in 'grave doubt' as general election looms
With an early general election on the cards, the industry has raised concerns over the planned implementation of whiplash reforms in April.
Smithers Purslow acquires Byrom Clark Roberts
Surveyor Smithers Purslow has bought Byrom Clark Roberts.
Claims Apprentice 2020 – sign up now to take part in series two
After a phenomenally successful first series Insurance Post is delighted to say that we have teamed up with law firm Kennedys again for a second series of The Claims Apprentice in 2020.
MGA CFC mulls entering personal lines with cyber for HNW individuals
CFC is exploring the possibility of entering the personal cyber market.
Ageas gears up for Dobson's exit with broker team reshuffle
Ageas UK has created three directors of distribution roles, with Chris Dobson set to retire at the end of the year.
Vinay Mistry joins Lloyd's reinsurer Apollo as CRO
Apollo Syndicate Management has appointed Vinay Mistry as chief risk officer.
Paul Fox joins Delta Claims Services as head of claims management
Delta Claims Services has appointed Paul Fox as head of claims management.