News
Claims management company fined £250,000 by ICO after making 17.5m nuisance calls
Blackburn-based Check Point Claims has been fined £250,000 by the Information Commissioner’s Office, which launched an investigation following 248 complaints.
Allianz’s commercial COR stronger than personal as restructuring continues
Allianz has reported an 89.9% combined ratio in commercial for Q1 2016 but despite improvements, its personal lines COR remains over 100 at 101.2% (FY 2015: 106%).
ASR aims to launch IPO in Q2 2016
Dutch insurer ASR has confirmed its intention to proceed with an IPO and listing of its ordinary shares on Euronext Amsterdam.
Former OIM Underwriting MD launches MGA with £20m GWP target
Jason Anthony, former managing director at OIM Underwriting, has launched MGAM Limited, a managing general agent with a target of reaching £20m gross written premium in year one.
Neil Thornton added to Bluefin’s case against GRP
Former Bluefin commercial head Neil Thornton has been added as the fifth defendant in the case against Global Risk Partners.
Chubb promotes Ly to president director for Indonesia
Chubb's vice president and deputy Asia-Pacific head of personal business Tai-Kuan Ly has been appointed president director, general insurance in Indonesia.
Ryan Direct and Close Brothers extend contract
Ryan Direct Group and Close Brothers will enter an exclusive contract in the home SME and motor books for a further three years.
Survey shows growing demand for customer analytics in Asia
A Post survey shows the uptake and pace of customer data analytics for Asian insurance firms is on the rise.
WR Berkley begins Asian insurance venture
WR Berkley has launched Berkley Insurance Asia to serve clients in Asia to complement its Asia-Pacific reinsurance operations.
Post Webinar: Making insurance attractive in Hong Kong
Join us today for a Post Webinar in association with the Chartered Insurance Institute at 4pm Hong Kong time.
John Murphy and Glenn Marshall resign from Dual
John Murphy has resigned as managing director for speciality risks at Dual, Post has learned.
XL Group gets approval to buy back up to $1bn ordinary shares
The board of XL Group has approved a share buyback programme, allowing the company to purchase up to $1bn (£695m) of its ordinary shares.
KPMG to let insurers compare Solvency II data
KPMG has today launched a Solvency II data aggregation service that allows insurers to benchmark themselves against other insurers.
Generali sees adverse market conditions impact results but COR improves
Market conditions hit Generali’s bottom line via its investments for the first quarter, with net profit down 13.8% (or €588m), but combined operating ratio improved to 92% from the previous quarter.
Lark acquires Euromarine Insurance Services
Lark Group has strengthened its position in the marine sector with the acquisition of Euromarine Insurance Services, a specialist marine insurance intermediary and underwriting agent.
Marine insurer Skuld reports 95% COR but flat bottom line for 2015
Oslo-based Skuld has seen an improvement in its combined operating ratio to 95% (2014: 99%) but reported a flat bottom line result of $13m for 2015 (2014: $13.5m or £9.3m).
Geo-blocking changes in Europe could have ‘substantial impact’ on insurers
The Actuarial Association of Europe has called on the European Commission to consider the definition of justifiable geo-blocking, especially in the context of insurance.
Quiz of the week – 13 May
Test your knowledge of the week's insurance news, and Biba 2016, with the Post insurance quiz of the week.
Hiscox expects ‘manageable loss’ from Alberta wildfires
Hiscox expects a manageable loss as a result of claims arising from the Alberta wildfires, according to the insurer's interim management statement for the three months ending 31 March 2016.
Biba returns to Manchester in 2017
The British Insurance Brokers’ Association conference will return to Manchester Central for its annual conference next year.
#BibaFever 2016 - The Great Biba Bacon Butty Off
Our intrepid reporters find out which stand has the best butties at Biba 2016
Biba 2016: Chubb to focus on local access to attract independent brokers
Newly merged Chubb will launch around 16 new or enhanced products this year with the company shifting its underwriting proposition to a more local focus.
Covent Bridge completes first UK acquisition
Investigation firm Covent Bridge Group has acquired Surrey-headquartered BDL Investigations, marking its first acquisition in the UK.
Manchester ghostbroker convicted after faking over 150 policies
A ghostbroker who set up more than 150 fraudulent motor policies with Aviva has been caught in Manchester and faces almost two years in jail.