News
Chubb signs insurance distribution agreement with major Chinese retailer
Global insurer Chubb has signed an undisclosed long term distribution deal with Chinese retailer Suning.
Car insurance premium prices static in Q1 2016
The average price for comprehensive car insurance premium stood unchanged at £671 in the first quarter of 2016, according to the latest Confused.com Car Insurance Price Index in association with Willis Towers Watson.
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The best of Post the last week in case you missed it
Cooper Gay CEO Gordon Newman to step down
Cooper Gay CEO Gordon Newman will retire from the role and be replaced by group CEO Steve Hearn.
Allianz UK direct home and motor exit a ‘good sign’ for brokers
Allianz UK’s proposed withdrawal from the direct home and motor markets was welcomed by brokers as it will go towards reducing competition in an overcrowded market.
Footballer sentenced for contempt of court over tweets
A footballer, who tweeted about playing a game just a day after making a fraudulent insurance claim, was given a suspended jail sentence today.
Biba, IBSC join forces to create standards committee
The British Insurance Brokers’ Association and the Insurance Brokers’ Standards Council have formed a standards committee to create a single code of conduct for insurance brokers.
Factory worker convicted in copy cat fraud case
A factory worker has been convicted of fraud after he tried to replicate a previous claim three times through a 'no win, no fee' law firm, despite no longer working at the business.
ABI seeks better engagement with young insurers
The Association of British Insurers has acknowledged it needs to “do more” to engage young insurers, as Post research found that a majority hadn’t heard of the leading trade body.
Plexus offers new model of case management
Case management would be left in the hands of occupational therapists as part of a new rehabilitation model being offered by Plexus Healthcare.
Bristol contact centre to be hit by majority of Allianz job cuts
The majority of the 170 Allianz roles put at risk due to its proposal to exit direct home and motor insurance are Bristol contact centre jobs, Allianz UK CEO Jon Dye said, with the potential withdrawal impacting 187,000 policies.
LV chief Rogers to step down
LV CEO Mike Rogers is to step down after 10 years in the role.
United Nations secretary-general asks for industry's help on climate change
United Nations secretary-general Ban Ki-moon has urged the insurance industry to work with the organisation in a meeting at the UN's headquarters in New York this week.
Shallow earthquake kills nine on Japanese island
A magnitude 6.4 earthquake struck south-west Japan last night killing at least nine people on Kyushu island.
DWF acquires niche law firm Fox Hartley
Law firm DWF will acquire a smaller rival, Fox Hartley, in order to broaden its specialist insurance offering.
XL Catlin appoints head of insurance strategic client and broker management
XL Catlin has named Philippe Gouraud as its head of strategic client and broker management for its insurance division.
170 roles at risk at Allianz as direct motor and home exit proposed
Allianz UK could withdraw from the direct home and motor markets and has entered union discussions due to approximately 170 roles that would be impacted by the move.
QBE inks British and Irish Lions sponsorship deal
QBE has announced a sponsorship agreement with the British and Irish Lions for its 2017 tour of New Zealand.
Regulators publish proposals to improve enforcement decision-making processes
The Financial Conduct Authority and Prudential Regulation Authority have today published proposals aimed at improving the transparency and effectiveness of the FCA's and PRA's enforcement decision-making processes.
UN chief urges insurers to ‘green’ investments to manage climate risk
United Nations secretary-general Ban Ki-Moon has urged the insurance industry to "green" its investment portfolios and double its investment in clean energy to help manage the impact of climate change.
Insurance fraud in Australia rises above A$2bn a year
According to the Insurance Fraud Bureau of Australia, insurance fraud is costing Australians more than A$2bn (£1.1bn) a year.
Beazley hires three for Asia-Pacific marine division
Specialist insurer Beazley has hired three marine underwriters to be based in its Singapore office.
Markel in talks to make trio of redundancies following restructure
Markel International is in redundancy talks with three of its employees, following a wholesale business restructure announced on 13 April, Post understands.
Markel reduces number of operating divisions
Markel International has reduced the number of its operating divisions from seven to three, with the changes effective from 1 May.