News
R&Q announces capacity boost to £15m
R&Q Commercial Risk Services is boosting its long-term capacity agreement, which will see its total underwriting capacity increased to £15m.
Autonet uses data cracker to inform pricing
Van insurance broker Autonet has gone live with a software solution that tracks customer data to inform pricing.
Applied Systems expands Irish presence with Relay acquisiton
Applied Systems has acquired Relay Software, as part of the expansion of its international footprint and presence in the UK.
82% of insurers considering SaaS technology in response to Flood Re, IPT and CMA motor reforms
Insurer adoption of cloud hosted software-as-a-service technology is set to grow as a response to unprecedented regulatory change, according to research of 94 senior insurance decisionmakers and IT professionals.
Munich Re CEO confident on pricing after increase in catastrophes
Nikolaus von Bomhard, Munich Re's CEO, has said reinsurance prices are bottoming out based on July's renewals.
Natural catastrophes hit Munich Re's first half profits; CEO warns on Brexit
Reinsurer on track despite Munich Re's 24.4% first half operating profit fall to €1.4bn (£1.2bn) compared with €1.9bn in H1 2015.
RMS director warns stop the "guessing game" over global port exposure
A report from the global risk management firm RMS on the global ports most exposed to natural catastrophes has some surprising findings.
Insurtech start-up launches with new telematics offering
An insurtech start-up has launched a mobile phone-based telematics app that will be sold to insurers as a licensed product.
Martyn Green is new RSA product and pricing director
Martyn Green has been appointed as RSA’s new personal lines product and pricing director. He replaces Andy Baughan.
Global Risk Partners acquires broker BB Insure
Global Risk Partners has acquired commercial and personal insurance broker BB Insure.
Allianz pushes for £3bn GWP despite half year setbacks
Despite having a 3.6% drop in gross written premiums, Allianz is still aiming to hit a £3bn GWP target.
Axa exposes two crash-for-cash cases after fundamentally dishonest evidence was given
Axa has successfully exposed two cases of crash-for-cash fraud by proving that evidence given in court was fundamentally dishonest.
Motor insurance premiums up 10% from last year
The average price paid for private comprehensive motor insurance has increased by 1% in Q2 2016, up 10% from the same period last year, according to the Association of British Insurers.
Post People 8 - 14 August
Check out this week's movers
MGA Insurance Brokers buys broker Cranston Australia
Adelaide-headquartered MGA Insurance Brokers has expanded its number of offices in Australia to 40 with the purchase of Cranston Australia Insurance Brokers.
Keoghs wins victory as private prosecution is brought against 21 fraudsters
Keoghs has won a victory against 21 fraudsters, and saved Service Insurance Company Limited £140,000 in potential liability after bizarre footage was caught on CCTV.
Towergate plunders Compass motor division with two senior appointments
Towergate Insurance has expanded its London Market motor fleet team with two new appointments from rival broker Compass.
Week in Post: Softball, Millennials, results season, beards, Beale and Jason Bourne
This week the Post editorial team, alongside their colleagues from Insurance Age, sales, events and subscriptions took part in the annual Incisive Insurance softball showdown.
Neon appoints Olly Reeves as chief risk officer
Neon has appointed Olly Reeves as chief risk officer, effective 1 November.
Columbus Direct targets Millennials with self-service travel insurance kiosks in airports
Columbus Direct has launched a series of self-service kiosks in UK airports that will allow flyers to buy travel insurance on the day of departure.
Allianz UK improves COR as GWP drops 3.6% in H1 2016
Allianz UK has improved its combined operating ratio to 96.3% (2015: 98%) as well as seeing a decrease in gross written premium for the first half of 2016.
Disciplined approach to underwriting will drive growth, says Esure’s Vann
CEO of Esure Group Stuart Vann is targeting growth in the insurer’s portfolio, claiming that "now is the time to grow".
Fraudster shown up by damning CCTV footage
A fraudulent carer has been caught out by CCTV footage after he falsely claimed to be in a car accident.
Esure's home COR hits 105% as adverse weather affects book
Esure profit before tax dropped 1.9% to £45.6m (2015: £46.5m) and its overall combined operating ratio worsened 3.4 percentage points to 99.2% for the six months ended 30 June 2016 as adverse weather events impacted the insurer's home book.