News
Career path: Insurance industry trainees part 1
In the first in a three-part series, Post follows the career path of fictional insurance industry trainees Will Woodman and Dawn Crowley.
Market moves: Chartis and Antares dominate recruitment space
The recruitment space was dominated by Chartis and Lloyd’s insurer Antares this week. Chartis welcomed four new staff to its team, while Antares recruited an energy underwriter and two aviation specialists.
Go Compare admits future sale 'entirely possible'
The timing of Go Compare's strategic review is "no coincidence" given that the aggregator's major shareholder has a flotation in its sights, according to commentators, who have also mooted a potential management buyout or private equity deal.
Direct Group eyes US expansion following sale to Ryan Specialty Group
Direct Group chief executive Derek Coles intends to take advantage of new opportunities to enter international territories following the completion of the firm's sale to Ryan Specialty Group.
Debate on FCA regulation of CMCs reaches parliament
The Association of British Insurers received government endorsement for its proposals that claims management companies should be regulated by the incoming Financial Conduct Authority after dismissing proposed Claims Management Regulator changes as …
Ageas completes £116m acquisition of Groupama Insurances
Ageas has completed its acquisition of Groupama Insurances – less than three months after it revealed the £116m deal.
AIG adds logo to Singapore skyline
Global insurer AIG has installed a new signboard on top of its Asia Pacific headquarters at 78 Shenton Way.
Poor change management can cost insurers millions
Insurance players are wasting millions of pounds each year through a lack of capability and investment in change management, according to BGL’s affinity arm Junction.
Increasing threat posed by solar flares
Power and utility underwriters may be unaware of the extent of the threat of major solar flares to the world's electrical generation infrastructure, space weather specialists told the London Power Forum last week.
Apil urged to 'put words into action' on whiplash fraud elimination plan
The Association of Personal Injury Lawyers' often frosty relationship with the insurance industry has shown signs of thawing after its proposal for eliminating fraudulent whiplash claims was met with tentative approval.
Plumeri puts Sandy industry losses at $50bn
Outgoing Willis chairman and chief executive Joe Plumeri believes that insured losses arising from superstorm Sandy could be up to 10 times higher than the early industry estimates of $5bn (£3.15bn).
PZU plans to pay 100% of profits as dividend
State-owned Polish insurer PZU SA intends to pay 100% of its unconsolidated net profit in dividends if the country's regulator approves, chief executive Andrzej Klesyk said at a press conference Wednesday, according to news agency Dow Jones.
Chaucer launches political risk initiative in New York
Lloyd's insurer Chaucer has developed a new political risk and trade credit initiative in New York.
Germany sees premium growth but motor still loss making
German insurers are expected to reap a 1.5% rise in premiums to €180.7bn this year, the head of the industry trade body GDV said on Wednesday.
Towergate branch director joins Giles
Giles has recruited David Cook, pictured, to be Durham branch director.
Sandy is a muted point for pricing, Willis finds
Superstorm Sandy is unlikely to have an impact on pricing, according to estimates by Willis Capital Markets & Advisory.
Solar flares threaten to leave underwriters in the dark
Power and utility underwriters might not be aware of the threat of solar flares to the world's electrical generation infrastructure, warned lawyers and space weather experts.
Gender directive to price 25% of women off the road
Female drivers could be forced off the road when the new European gender ruling comes into force 21 December 2012.
Crawford hires Hong Kong construction adjuster
Loss adjuster Crawford & Co has appointed Peter Spencer as regional construction executive adjuster.
Analysts point to Go Compare MBO as Esure prepares for IPO
Commentators believe it is "no coincidence" that Go Compare is to strategically review the business as its major shareholder Esure gears up for a float, some suggesting that the aggregator might stage a management buyout.
Markel places collectables cover on broker e-trading system
Specialist insurer Markel UK has launched the first personal lines product on its broker e-trading system.
Giles names new corporate risks development director
Giles has appointed Simon McGonigle as development director of corporate risks.
Citizens Advice calls for clampdown on CMCs
The Citizens Advice Bureau has called for a ban on cold-calling by claims management firms after a survey revealed that nine out of 10 people were plagued by them in a 12-month period.
Generali offloads assets to raise cash for emerging markets
Generali is to sell non-strategic assets next year in a bid to generate cash to invest in emerging markets in Asia, Eastern Europe and Latin America.