News
Autofocus trial over 'widespread perversion of justice' begins
A trial against seven former Autofocus employees for contempt of court began today at the Royal Courts of Justice.
Ten more insurance firms join Blockchain pilot
Ten more insurance companies have joined a pilot scheme to test the impact of Blockchain on the industry.
Principal Insurance reports profits surge
Manchester-based Principal Insurance has reported full-year pre-tax profits of £327,109.
AI is strong driving force behind Allianz claims restructure
Allianz is set to make way for the use of artificial intelligence in its motor claims business following its decision to restructure.
Motor premiums will ‘inevitably’ rise owing to discount rate changes
Motor premiums will “inevitably” rise again owing to potential changes to the discount rate, insurers have warned.
Brit appoints programmes VP
Brit has appointed Tim Chesson as senior vice-president of programs for Brit’s US Global speciality business.
Beazley acquires Creechurch Underwriters
Beazley has expanded its Canadian footprint with the acquisition of specialist managing general agent, Creechurch Underwriters.
XL's Jadine and Brit's Wilson join LMG board
The London Market Group has appointment Paul Jardine, executive vice president and chief experience officer of XL Group and Matthew Wilson, Group CEO of Brit, to its board.
Insurtech firm Risk Solved secures Ezee director investment
Specialist insurtech firm Risk Solved has secured investment from Nikki Daniels, director of Ezee Insurance Solutions.
Post People 6 - 10 February
Check out this week's market moves.
India eyes investment and IPOs for five insurers
India could launch IPOs for up to five state owned insurers this year.
Chow swaps Munich Re for XL Catlin in Hong Kong
Casualty underwriter Stephen Chow has joined XL Catlin in Hong Kong after leaving reinsurance giant Munich Re.
Post February 2017: Power, assistance and accolades
The 2017 Post Power List is revealed in the February issue.
Brokers more worried about Trump than Brexit
Brokers are more concerned about Trump than the UK’s exit of the European Union, according to a survey.
Ping An overtakes Allianz as most powerful insurance brand
Chinese insurer Ping An has overtaken Allianz as the world’s most powerful insurance brand.
Beazley posts 3% profit boost thanks to strong investment returns
Beazley reported a 3% increase in full-year pre-tax profits of $293.2m (£234m) thanks to strong investment returns and a benign claims environment.
Munich Re open to large acquisitions, says CFO
Munich Re's chief financial officer Joerg Schneider has said the international reinsurance giant is open to making a large acquisition outside the reinsurance space.
Marsh's Glaser hails 'excellent' 2016 results
Global broker Marsh finished off the year with a flourish to help produce solid revenue and strong profit growth for 2016.
BRE and Axa unveil flood proof house to encourage resilient repairs
Watford-based building science centre BRE has developed a flood-resilient prototype home to show the most effective ways to protect properties against flood damage.
Motor premiums reach highest levels ever, says ABI
Motor premiums hit their highest recorded levels last quarter and rose more than five times the rate of inflation in 2016.
Brexit whitepaper confirms UK will negotiate for financial free trade
The government’s Brexit whitepaper has reaffirmed Theresa May’s promise to negotiate the freest possible trade in financial services between the UK and the European Union.
Steve Wood to leave Paymentshield as Towergate ‘consolidates’ business
Steve Wood has left Paymentshield as its CEO as Towergate moves to “consolidate its executive structure”.
Finch acquires County Insurance Services
Finch Group has acquired its second independent broker of the year with the capture of County Insurance Services.
Government to rule on personal injury role of CMCs
The government is set to decide whether claims management companies are allowed to continue operating in the personal injury sector.