News
QBE's Cloney promoted to director general in Vietnam
Anthony Cloney, a QBE veteran, has been promoted to director general in Vietnam.
Lloyd's Iranian oil insurance embargo lifted
Lloyd's of London has confirmed this week that its managing agents can offer cover for the transportation of Iranian oil and petroleum products again.
Zurich appoints Australia and New Zealand CEO
Zurich has appointed Rajbir Singh Nanra as its CEO for Australia and New Zealand.
Biba Manifesto 2016: Trudgill backs fraud taskforce findings
The British Insurance Brokers' Association has backed the recommendations raised in the Insurance Fraud Taskforce’s final report.
Fraud taskforce calls for SRA and government action in final report
The government has been challenged to deliver a regulatory strategy to clamp down on nuisance calls as part of the Insurance Fraud Taskforce’s final recommendations, which also call on the Solicitors Regulation Authority to get tougher on fraud.
Biba Manifesto 2016: Elderly customers agreement extended with ABI
The British Insurance Brokers' Association and the Association of British Insurers are continuing their 2012 agreement with government to improve transparency and access to insurance for elderly customers.
Biba Manifesto 2016: Brokers to be educated on cyber threat
The British Insurance Brokers’ Association is endeavouring to help members to reduce the risk of cyber-crime and to raise awareness of the benefits of suitable insurance protection.
Biba Manifesto 2016: EU urged to amend MID in view to Vnuk case
The British Insurance Brokers' Association is calling for the European Parliament, Council of Ministers and Commission to make a "small, surgical amendment' to the Motor Insurance Directive to exclude motorsports and other anomalies.
Ex-Lloyd’s CEO Ward joins Direct Line board
Richard Ward, the former CEO of Lloyd's, has joined Direct Line Group's board as a non-executive director and senior independent director.
LV selects Guidewire systems for underwriting management
LV has selected Guidewire Software's policy centre and billing centre products to help manage underwriting, policy administration and billing operations for its personal lines business.
Novae raids Marketform for A&H launch
Listed Lloyd's insurer Novae Group has launched an accident and health (A&H) offering with the hire of a five-strong team from Marketform.
Cobalt gets backing of Bermuda insurance group
Shariah compliant insurance provider Cobalt Insurance Holdings has received an investment boost from Bermuda-based Armour Group Holdings.
Conventional cyber policies giving patchy cover, IUA finds
Coverage of cyber risks in conventional classes of insurance can be variable, meaning cover is not provided for cyber losses in situations where it might be expected, according to a report from the International Underwriting Association.
New CEO and board members for marine cargo insurer NMU
Lloyd’s marine insurer NMU has made a number of changes to its executive board, including a new CEO.
PMI consolidator Chase Templeton reveals first 2016 deals
Private medical insurance broker Chase Templeton has completed its first acquisitions of the year, purchasing Health Equity Solutions and Caledonian Health Solutions.
Malaysian imprisoned in Singapore after cash for crash fraud
Tew Yee Jeng, from Malaysia, has been sentenced to 44 months in a Singapore jail after being involved in a cash for crash scam.
Rate reductions mooted as industry calls on government to follow NI lead on GDL
Pressure is building from the insurance industry on government to introduce graduated driver licensing across the rest of the UK, following the roll out of new laws for young drivers in Northern Ireland.
Big data risk increasing as tech disruptors impact industry
Determining appropriate social media use by insurers is one of the challenges outlined in a report into industry disruptors launched today (15 January) by the Chartered Insurance Institute.
Crawford still waiting on findings of bribery investigation
Loss adjusting giant Crawford & Company is still waiting to hear if it will face any regulatory action over a potential breach of the US Foreign Corrupt Practices Act.
Government unwilling to mandate AEB systems in new cars
Thatcham CEO Peter Shaw claims the government is not prepared to legislate for mandatory autonomous emergency braking systems in new cars, despite broadly supporting the research centre in its call for AEB technology to be fitted as standard.
David Bowie: The insurance industry reflects on the music legend
With the sad passing of music icon David Bowie this week, Post asked a number of insurance industry music fans for their own personal reflection on what the Brixton-born legend meant to them.
Ace completes Chubb deal predicting $650m savings by 2018
Ace has completed its acquisition of Chubb, adopting the Chubb name and commencing trading today (15 January) on the New York Stock Exchange under the symbol CB.
Accelerate seals three year capacity deal with sports specialist JRW
Specialist managing general agent Accelerate Underwriting has agreed a three year deal with Manchester-based sports player JRW Group.
Quiz of the week – 15 January
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.