News
Willis expands in Australia with CKA purchase
Willis Australia has acquired Perth-based broker CKA Risk Solutions for an undisclosed sum.
Axa aims to challenge mid-market status quo with sector-specific proposition
Axa has signalled its intent to secure a much larger share of mid-market risks in 10 key trade sectors with the introduction of a tailored broker proposition.
Swedish pet insurance market a model for UK players
The UK pet insurance market could learn a lot from its competitors in Sweden, according to technology firm Aquarium, particularly collaborating with partner agencies such as veterinarians and the police.
Aviva to become Norwich City community partner as sponsorship ends
Aviva has vowed to remain closely involved with Norwich City Football Club despite the insurer announcing that it will no longer serve as the club’s main sponsor.
Dynamo Analytics appoints director to lead entry into Nordic market
Dynamo Analytics’ new recruit Lori Tan is to head up the actuarial modelling and analytics specialist consultancy’s move into Norway.
Arc Legal doubles its Northern Irish LEI book with two new schemes
Arc Legal Assistance has strengthened its presence in Northern Ireland with two new legal expense insurance schemes, that combined have more than doubled its book of business in the province.
Lloyd's drones report highlights safety, security and surveillance concerns
Insurers are likely to demand greater risk mitigation measures from drone operators amid concerns around safety, security and surveillance, according to a Lloyd’s report.
Fosun and FWD eye Ageas' $1bn Hong Kong operation
Chinese conglomerate Fosun and life insurer FWD are attempting to buy Ageas' Hong Kong arm for around $1bn (£638m) according to reports.
Nicholson leaves DAC Beachcroft for Kennedys in Singapore
DAC Beachcroft is down to one partner in Asia following insurance partner and office founder Ben Nicholson's move to rival insurance-led firm Kennedys.
Cobalt selected as ‘insurer of preference’ for Paramount Resort
Shariah-compliant managing general agent Cobalt Underwriting has been selected as the preferred insurer for the £3bn London Paramount Entertainment Resort in Kent, Post can reveal.
SME ambitions behind Marsh interest in Jelf but integration remains an issue
Marsh’s potential acquisition of Jelf would allow the global broker to realise its SME ambitions and extend its regional presence, according to industry insiders who have warned the possible integration process must be handled carefully.
PIB tipped to make rival Jelf bid as GRP refutes interest
Brendan McManus’s PIB has been tipped as a potential alternative bidder for Jelf amid doubts other businesses have the financial firepower to outbid broking giant Marsh.
Admiral calls for fixed IPT levy to level playing field
Admiral has called for a fixed insurance premium tax levy, saying the way the tax is currently collected punishes those who can least afford it.
CII members upbeat on business prospects amid upturning economy
The majority of Chartered Insurance Institute members are anticipating an upswing in their financial performance over the coming year as optimism regarding the UK economy gathers momentum.
Marsh eyes Jelf acquisition as takeover talks confirmed
Jelf has confirmed it is in takeover discussions with Marsh in relation to the global broker acquiring the entire issued and to-be-issued ordinary share capital of Jelf.
Higher reserve releases drive 6% increase in Admiral motor profits
Admiral CEO Henry Engelhardt has branded the opening six months of 2015 “a good start to a challenging year” after the insurer delivered a 1% increase in group pre-tax profit to £186.1m (H1 2014: £184.9m).
Tianjin explosions could cost insurers $1.5bn, says Fitch
Fitch Ratings in Hong Kong is estimating that losses from the deadly explosions in Tianjin on 12 August could cost insurers as much as $1.5bn (£957m).
Post presents five Asia events in September
Post and Post Events are excited to be hosting five events across China, Hong Kong and Singapore in September.
Claims Awards Asia 2015: Shortlist announced
Post is pleased to announce the shortlist for the Claims Awards Asia 2015.
Insurance Data & Technology Asia: Q+A with AIG's Jason Kelly
In the lead up to Post's Insurance Data & Technology Asia event in Hong Kong, we interview Jason Kelly, AIG's head of financial lines Asia-Pacific, about cyber risk.
Win John Lewis vouchers with Post's natural hazard survey
Post, in partnership with the Met Office, is running a natural hazard risk survey to provide in-depth insights into how insurers manage these risks to improve underwriting performance and mitigate claims exposures.
Senior insurance managers' regime rules open to interpretation
The application of the senior insurance managers' regime has been deemed open to interpretation by market commentators, amid predictions brokers could be subject to a similar, more informal, regime in the future.
German insurers have largest foothold in €3.86bn travel and assistance market
The stand-alone travel insurance and assistance market across 20 European countries totalled €3.86bn (£2.45bn) in terms of gross written premiums in 2014 and is forecast to rise to €4.54bn by 2018.
Quindell inquiries expected to run for years as shareholders seek redress
Hundreds of shareholders of beleaguered outsourcer Quindell are gearing up to seek compensation following “misleading statements” by the firm’s former management, as market insiders reveal investigations into the company could run for several years.