News
Ex-Willis Northern Ireland MD Workman moves to Belfast's 'other Willis'
The former managing director of global broker Willis’s Northern Ireland business David Workman has resurfaced at Belfast-based Willis Insurance & Risk Management.
Axa awarded £10k in costs after successful 'crash for cash' case
An attempted claim for personal injury damages following a staged accident has seen £10,000 and an eight month sentence awarded against a claimant.
Flood Re hires Bartholomeusz as CRO
Flood Re has appointed Michael Bartholomeusz as its chief risk officer responsible for the scheme's risk management framework.
Reid to tour the regions as integration takes precedence at Gallagher
Retail acquisitions will be put on the backburner at Arthur J Gallagher International in favour of a strategy of “integration and reengineering”, according to incoming UK retail CEO Stuart Reid.
Asta granted 'in principle' approval for £46m GWP Skuld syndicate
Asta Managing Agency has been granted 'in principle' approval from Lloyd's to set-up special purpose syndicate 6126 that has planned gross written premiums of £46m for 2016.
Excluded properties remain contentious as Lords debate Flood Re regulations
Concerns around timing and excluded properties were raised by members of the House of Lords in debating the regulations to govern Flood Re yesterday (27 October).
Willis GB reports 16% income drop in nine months
Willis GB has reported a year-to-date operating income of $84m (£54.9m), down from $100m in the first nine months of 2014.
Argo Global hires marine leader in China
Lloyd's syndicate Argo Global has hired Willis China's former head of trade and logistics Yan Jun as its China marine underwriting manager.
Survey shows insurance firms increasing cloud penetration
Insurance companies are increasingly harnessing the power of the cloud according to Post's research.
IPT increase could encourage driving without cover, AA warns
The AA has warned that higher motor rates may lead to younger drivers taking to the road without cover or with false details.
FRC paper published on improving board succession
The Financial Reporting Council today (27 October) published a discussion paper on succession planning for UK boards in a bid to improve the process.
Claimant firms' profits forecast a 'sign of market consolidation'
The CEO of the Forum of Insurance Lawyers, Laurence Besemer, believes the results of a survey showing that personal injury firms expect to deliver more profits in the coming year is merely a sign of "more market consolidation".
Emergence of 'disruptors' keeping established motor players on their toes
The launch of a broking start-up that provides motor insurance by the hour has been hailed as an example of a “disruptor” that will force established players to refocus on their customer proposition.
Importance of reputation coverage flagged in wake of Talk Talk breach
The growing number of high-profile data breaches has highlighted the importance of reputation coverage alongside cyber insurance and wider financial policies, according to industry experts.
Rival propositions expected as mass-market telematics app goes live
Telematics providers and insurers are backing a mass-market motor offering fronted by black box company Carrot amid suggestions other companies - including mobile phone networks - could follow suit.
Pinnacle secures first panel nomination with Giant Risk Solutions
Pinnacle Loss Adjusters has secured its first panel nomination after gaining property adjusting work from Giant Risk Solutions in the UK and Northern Ireland.
What you’ve been reading this week
The 10 most read stories on Post Online from 21 – 27 October 2015.
Career File: Tim Rourke: Rourke appointed LV personal lines underwriting head
LV Broker has appointed Tim Rourke as its personal lines underwriting head, effective from 1 November.
Market Moves - 29 October 2015
All the latest movers and shakers in the insurance market.
Fraudster handed suspended jail sentence following ERS private prosecution
An insurance fraudster has been given a suspended prison sentence and ordered to pay the costs of legal fees after a private prosecution launched by ERS.
Product liability comes to fore as motor manufacturers take on autonomous vehicle liability
Motor manufacturers accepting liability for autonomous vehicle crashes does not signal the demise of motor insurance, according to industry experts, who have suggested developments will instead lead to product liability playing a more prominent role.
FCA communications inquiry billed as opportunity for insurers
Insurers have been urged to change functions of the market that are “not working” by “grasping the opportunity” presented by the Financial Conduct Authority's consultation on improving communications with customers.
Heca teams up with Partner Re for Italian growth
Italian insurance agent Heca has agreed a new partnership with Partner Re Wholesale, the specialist SME-focused division of global reinsurer Partner Re.
IUA hires Mullan to oversee modernisation projects
The International Underwriting Association has appointed Caroline Mullan as a project management consultant to help with implementing London market modernisation projects.