News
Claimant law firm billed £27k as Allianz PI claim is struck out
A claimant solicitors firm has been ordered to pay £27,000 of defendant legal costs after a personal injury claim lodged with Allianz was struck out by a court.
Israeli start-up Passportcard planning UK launch
Travel insurance start-up Passportcard is intending to be operational in the UK by the end of 2016.
SRA consults on minimum terms changes to PII policies
The Solicitors Regulation Authority is consulting on technical changes to the minimum terms and conditions that need to be included in professional indemnity insurance policies.
MoJ proposes capping CMCs' PPI fees
The Ministry of Justice has proposed capping fees charged by claims management companies handling mis-sold payment protection insurance claims, in a consultation launching today (15 February).
Over 1000 claims lodged after Christchurch earthquake
A magnitude 5.8 earthquake struck on 14 February near Christchurch in New Zealand.
Victoria bushfire claims rise above A$150m
The devastating Christmas time fire in Victoria known as the Great Ocean Road bushfire has now cost insurers over A$150m (£74m).
Endsleigh digital boss Harper joins millennial insurance start-up Zugar Znap
Endsleigh Insurance’s head of digital, Iain Harper, has joined millennial-focused insurance and lifestyle start-up Zugar Znap Group as digital director.
Gallagher pleased with injunction success
Arthur J Gallagher has said it is pleased with a court order granted in the Portsoken case, which it stated ensures "valuable and confidential information" belonging to the firm is located and deleted from Portsoken's systems.
Torrance joins Novae board as NED
Former Allianz CEO Andrew Torrance has been appointed as independent non-executive director to the board of Novae Group, effective 1 March 2016.
Assurant Solutions promotes marketing boss to CEO
Specialist insurer Assurant Solutions has promoted Andy Morris to CEO and president of its European operations.
Norwegian Hull Club to open London office
The Norwegian Hull Club is to open an office in London's EC3 area, its first outside Norway.
Quiz of the week – 12 February
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
AIG's P&C division lost $2.3bn in Q4 2015
Global giant AIG's property and casualty arm fell to a loss of $2.3bn (£1.3bn) in the fourth quarter of 2015 compared with a $935m profit in Q4 2014.
Bluefin lodges High Court injunction against ex-CEO Bruce and GRP
Bluefin has suspended two current members of staff and obtained an injunction in the High Court against its former CEO Mike Bruce and specialist investment group Global Risk Partners.
Marsh recruits ex-GCHQ director for cyber role
Marsh has appointed former UK security and intelligence organisation GCHQ director Sir Iain Lobban as a senior adviser on cyber risk.
Winter storm learnings key for Flood Re's future
Learning from the December 2015 floods and longer term data trends will be key to making Flood Re a success, according to its CEO Brendan McCafferty.
Zurich closely monitoring Brexit developments
Zurich is keeping a close eye on how the referendum over UK membership of the European Union progresses, according to UK general insurance CEO Vibhu Sharma, who highlighted the company's position as one that is already headquartered outside the EU.
Results round up: 2015 full year company results
Zurich and Markel latest firms to file. Find all the unedited 2015 full year results in one place.
Suncorp's CEO cites climate change as half year insurance profits fall 29%
Michael Cameron, CEO of Queensland based financial services group Suncorp, said a record run of natural disasters were hampering the company's performance.
Zurich UKGI COR hits 109.5% amid £62m operating profit loss
Zurich's UK general insurance business has reported a £62m business operating profit loss in its 2015 full-year results due to a high volume of large losses, and claims related to the end of year UK storms and floods.
Biba expands PI panel for members
The British Insurance Brokers' Association has expanded its panel for members' own professional indemnity cover with MGB Insurance Brokers, Griffiths and Armour and Lockton on the board.
Greco to begin Zurich CEO role earlier than planned
Generali's outgoing CEO Mario Greco will start his upcoming Zurich global CEO role months earlier than originally planned.
Zurich's CEO announces more job losses after "disappointing" 2015
Zurich's interim CEO Tom de Swaan has announced plans to eliminate 8000 roles by the end of 2018 after announcing a 37% profit fall last year.
Kirshner hails 'tremendous' underwriting result at Markel
Alan Kirshner, executive chairman at Markel, said 2015 was a "tremendous year" for the (re)insurer's underwriting operations.