News
NFU set to axe around 85 staff as part of service centre consolidation
Rural insurer NFU Mutual is to consolidate its nine regional service centres into two ‘centres of excellence for general insurance’ at the expense of around 85 roles across the UK.
RSA's Currie replaces Emms as non-exec chair of Thatcham
Insurers’ automotive research centre Thatcham Research has appointed RSA’s Ian Currie as chairman of its non-executive board.
Consultation on inadequate and under insurance launched by IBSC
Members of the Insurance Brokers’ Standards Council have been issued with a consultation paper asking what the role of the broker is in dealing with inadequate and under insurance.
Increasing number of homeowners overestimating value of possessions
Homeowners are spending more on insurance premiums than necessary because of unrealistic valuations of their possessions, according to data from the specialist financial services provider Wesleyan.
What you’ve been reading this week
A round up of the 10 most read stories on Post Online this week.
'The Go To Place' unveiled as theme for 2016 Biba conference
The British Insurance Brokers’ Association has selected ‘The Go To Place’ as the theme of its 2016 conference and exhibition to be held at Manchester Central on 11 and 12 May next year.
Travelers UK general manager Purvis 'taking a break'
Keith Purvis has stepped down from his role as Travelers UK general manager after almost 23 years at the insurer.
Backpacker medical claims up 150% as more young travellers snub insurance
The average cost of backpacker medical claims has increased by 150% over the past two years to £1640 per claim, according to findings taken from travel insurance specialist Columbus Direct’s claims data.
Catalina subsidiary snaps up Allianz Suisse Re
Catalina Holdings’ wholly owned Swiss subsidiary Glacier Reinsurance AG has signed a definitive agreement to acquire Allianz Suisse Re from Allianz SE.
Axis Capital axes retail division in Australia
Axis Capital has decided to close down its Australian retail insurance operations.
McLarens bolsters northern presence with Leeds casualty unit
Loss adjuster McLarens has launched a northern casualty unit to focus on developing its casualty business in the north of England and in Scotland.
Autonet increases profit by 13.1% in 2014
Autonet has reported operating profit of £9.5m for the year ending 31 December 2014, up from £8.4m over the course of 2013.
Claims Event: Live blog
The Claims Event took place in London on Thursday (8 October). If you want to see the best moments of the day, go through our feed.
QBE's private prosecution sees fraudster jailed
A fraudster has been given a 12 month custodial sentence as a result of a private prosecution launched by QBE.
Claimant on hunger strike outside DLG offices in Bromley
A disgruntled Direct Line Group customer has said he is willing to die outside the firm's Bromley office in a dispute over claims.
Bluefin commercial boss Thornton to reunite with Bruce at GRP
Bluefin commercial head Neil Thornton has been appointed as managing director of Global Risk Partners’ retail broking business.
Willis completes PMI Health Group deal
Willis Group has completed the acquisition of PMI Health Group, the UK-based healthcare adviser and broker.
Alan Corney handed Lockton MENA role
Lockton has named Alan Corney as regional retail CEO for the Middle East and North Africa.
Board-level influence of risk managers growing
The level of influence of risk managers at board level appears to be growing, according to a survey by Ace European Group.
Inaugural terror reinsurance event launched in London
Pool Re has announced the inaugural Congress for National Terrorism reinsurance Pools event in London later this month.
Risk modelling should have foreseen VW scandal, claims Russell Group
Volkswagen’s industrial-scale emissions fraud could have been better assessed using state-of-the-art scenario modelling.
Volkswagen to begin recall in January 2016
Troubled motor manufacturer Volkswagen will begin recalling cars that have been fitted with emission test-cheating software in January next year.
Harmer to succeed Wilkins as IAG CEO
Peter Harmer, CEO of IAG Labs, is to become managing director and CEO of Insurance Australia Group on 16 November.
FCA to introduce ban on pre-ticked add-ons from April 2016
The Financial Conduct Authority will ban the sale of insurance add-ons via pre-ticked boxes from April 2016 after a consultation found that customers were overpaying by as much as £200m per year for additional products.