News
Venture Insurance purchases Poole Martin
Venture Insurance has purchased Poole Martin which will see the company placing premiums of £13m per year.
Crime stats reveal 13% reduction in insurance fraud
There has been a 13% reduction in the amount of insurance fraud reported by the industry, according to government statistics.
ABI loses appeal on discount rate review
The Association of British insurers has lost an appeal to government on the judicial review on changes to the discount rate for personal injury damages.
This Week in Post: Trump, restructuring and asparagus
One of the silver linings of my job is the fact I receive emails about a wide range of subjects, most relevant, some less so.
50 brokers on SSP in ‘advanced negotiations’ over migration to Open GI
More than fifty brokers affected by SSP outages are in advanced negotiations to switch software provider to Open GI.
Enterprise liquidator passes motor claims handling to Gallagher Bassett
The liquidator for failed insurer Enterprise has handed over its motor claims handling to Gallagher Bassett from its previous handler.
Quiz of the week – 20 January
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
R&Q issues subordinate notes to support legacy activity in the US
R&Q has issued $20m (£16m) of floating rate S subordinated notes which will be due December 2023 from R&Q Re Bermuda, the group's 3A insurer.
Aviva and Tencent plan Hong Kong digital distribution
Aviva, investment firm Hillhouse Capital and Chinese internet firm Tencent Holdings are combining to offer online life insurance in Hong Kong.
IIS to reward universities which connect students to insurance
The International Insurance Society has designed a certification system for recognising universities that provide risk management and insurance education.
Watchstone set to make loss of £14.9m
Watchstone is expected to make a loss of £14.9m in its full year results.
240 jobs at risk as Zurich restructures UK operations
Zurich UK is to shed 240 jobs as the insurer restructures its UK operations.
Lloyd’s to open India branch ahead of April renewals
Lloyd’s of London is to open a reinsurance branch in India, in time for the April reinsurance renewals.
Lemonade drops 'peer to peer' label just months after launching
Lemonade has said that it no longer classes itself as a peer to peer insurer just months after launching.
SSP says latest outage due to 'routine maintenance'
SSP said the latest outage affecting its system was due to “routine maintenance” at the new data centre.
Brit launches $250m Lloyd's yacht consortium
London market insurer Brit is to lead a $250m (£202m) capacity Lloyd’s consortium for yachts.
Skuld appoints global cargo and marine property head
Marine insurance provider Skuld has appointed Paul Knighton as global head of marine cargo and marine property.
Argo predicts $20m-$25m cat losses in Q4
Argo has pre-announced fourth quarter cat losses ahead of this month’s reporting season.
Accredited Surety and Casualty enters agreement with Cinium Financial Services
Accredited Surety and Casualty Company has entered into an agreement with Cinium Financial Services Corp, which will see the company receiving surety bonds from Cinium.
Co-op censured over failure to meet CMA deadline
Co-op Insurance has been ordered to provide customers with the price of its no-claims bonus protection.
Aviva makes top 100 list of employers for LGBT
Aviva is the only insurer to have made the list of top 100 employers for LGBT staff for the second year running.
Aviva unveils UK restructure
Aviva is combining its life, general and health insurance business together under the leadership of Andy Briggs.
Money Supermarket to see 12% revenue growth as it announces CEO change
Money Supermarket expects to see year on year revenues to grow by 12% to £316m, the group said.
Allianz and Standard Chartered enter Asia GI partnership
Following a competitive tender Allianz and Standard Chartered have agreed a 15 year five country general insurance bancassurance partnership in Asia.