News
IFB launches affiliate membership consultation
The Insurance Fraud Bureau has taken a step towards extending its services to defendant lawyers, private investigators and other industry suppliers, by launching a consultation on affiliate membership.
Hyperion looks to BP for CIO hire
Hyperion Insurance Group has appointed BP's group chief information officer Lyn Grobler to lead its technology and IT strategy.
AIG planning to axe 400 senior executives
AIG is planning to cut up to 400 senior staff in the US after posting a $231m (£149m) loss for the third quarter of 2015.
M&A activity leading to rise in warranty and indemnity insurance players
Law firms are increasingly recommending businesses take out warranty and indemnity insurance during the M&A transaction process leading to several brokers and underwriters entering the market, according to Lockton Companies.
UK, Turkey and Malta spur Mapfre growth
Spanish insurer Mapfre has posted a 46% increase in insurance premium revenue across Europe for the first nine months of 2015.
Watson commends 'stable' profits despite nine-month drop
Ageas UK CEO Andy Watson told Post he is unconcerned by the firm's nine-month results published today (4 November), which included a 25% profit drop.
L&G GI premiums slide 11% in nine months
Legal & General has reported an 11% drop in general insurance gross premiums for the nine months ended 30 September 2015 to £251m (9M 2014: £282m).
What you've been reading this week
The 10 most read stories on Post Online from 27 October - 2 November 2015.
Ageas UK sees profits fall to £46.9m
Ageas UK has reported a decrease in profits for the first nine months of 2015 - down to £46.9m from £63.2m in the same period last year.
Apollo pulls out of Xchanging race
Apollo Global Management has decided against making a further offer for outsourcing firm Xchanging, leaving the path clear for Capita to finalise a deal.
International Underwriting Association partners with Singapore Reinsurers' Association
The International Underwriting Association of London is to partner with the Singapore Reinsurers' Association to enhance their membership offerings.
Increased city populations to spur flood exposure in Asia, says JBA study
According to catastrophe modeling company JBA Risk Management population increases in four major Asia cities will lead to a large rise in flood risk exposure.
Markel appoints former Cooper Gay director in China
Markel has appointed Helena Zhang as business development manager for its underwriting division at Lloyd's China.
FCA chief Tracey McDermott tells insurers there is more to do repair reputation
Tracey McDermott, the acting CEO of the Financial Conduct Authority, has told the Association of British Insurers' biennial conference that the industry still has much to do to improve its image in the eyes of consumers.
Trade Voice: Freezing out the cold callers
Insurers and lawyers must work together to tackle bad behaviour from claims management companies.
C-Suite - Broker: The social network
Companies can use a variety of social media to attract top talent.
Penny Black's Social World - 5 November 2015
All the latest online news
Penny Black's Insurance Week - 5 November 2015
Last week, Penny was inundated with all manner of last-ditch rugby fun before the World Cup was finally hoisted above the heads of New Zealand.
Towergate's Manchester unit loses three executives
Towergate has confirmed three executives from its Manchester Small Business Unit have left amid changes in the structure of the broker's retail division.
Insurers urged to step up pace of innovation with low-cost experiments
Tech giants Amazon and Google have warned insurers must increase their digital innovation with low-cost experimentation and that senior executives must recognise the need for dedicated digital investment to achieve this.
Industry united in call for FCA to be appointed CMC regulator
Insurers have rallied to support the Association of British Insurers' call for the Financial Conduct Authority to oversee the regulation of claims management companies.
Market Moves - 5 November 2015
All the latest movers and shakers in the insurance industry.
Career Development: CII’s New Generation Group launches for 2016
The Chartered Insurance Institute’s New Generation Group, class of 2016, met for the first time at the launch event held in London on 23 October.
Career File: Amanda Blanc - Blanc to lead Axa Ireland
Axa UK will bring all of its insurance business under one leader with Amanda Blanc, CEO, Axa Commercial Lines and Personal Intermediary, taking responsibility for Axa Ireland from 1 January 2016.