News
Now Compare parent to launch insurance company and Frank Bruno ad campaign
The Hong Kong-headquartered broking group Alliance has received approval to launch its own insurance company in the third quarter of 2015.
Former QBE underwriter Bathia to join new Capita-backed syndicate
Capita Managing Agency and Panamanian insurer Istmo Re have received "in principle" approval from the Lloyd's Franchise Board to establish a new Lloyd's syndicate under Capita management.
Aviva unveils cyber cover for SMEs
Aviva has launched its first cyber cover designed for small to mid-market customers to help combat the increasing threat of data and privacy breaches.
Insure the Box places 60 employees on notice of redundancy
Sixty members of staff have been put on redundancy notice at telematics firm Insure the Box, Post has learnt.
Ryan Direct Group rethinks European presence
Outsourcing provider Ryan Direct Group has placed its European business into run-off just two years after taking over the running of the ex-Jubilee Amsterdam-based operation, Post can reveal.
One Commercial adds three
One Commercial, the re-launched commercial division of UK General, has made a trio of senior appointments as it looks to bolster its regional presence and business development capability.
GAP market faces shake-up after FCA competition remedy
Firms distributing guaranteed asset protection insurance in connection with the sale of a vehicle from 1 September 2015 will be required to provide customers with information to help them shop around following new rules published by the Financial Conduct…
Tokio Marine Holdings to acquire HCC Insurance in $7.5bn deal
Tokio Marine Holdings has agreed to acquire HCC Insurance Holdings for $7.5bn (£4.8bn) through its subsidiary, Tokio Marine & Nichido Fire Insurance Co.
$1.5bn Fidelis aims to shake-up global (re)insurance market
Bermuda-based new entrant Fidelis is aiming to provide significant competition in the global (re)insurance sector after a significant investment.
Airmic conference 2015: As it happened
Couldn't make it to Liverpool? Catch up with all the news, views and gossip from the Airmic 2015 conference - with Post's blog.
Dual hires Paradine for non-exec role as MGA eyes Asia-Pacific acquisitions
Industry veteran Terry Paradine, a former chairman and CEO of Marsh Asia-Pacific, has become non-executive chairman at Dual Asia-Pacific.
XL Catlin and Bell Pottinger offer Asia product recall media support
XL Catlin's product recall team is partnering with PR company Bell Pottinger in Asia to offer help with the media in a crisis.
Claims Portal retains CRIF as tech partner following tender process
The Claims Portal board has approved of retaining CRIF Decision Solutions as its technology partner following a tender process for the development and hosting of the portal.
Understanding brand value holding up progress in reputation coverage
Difficulty quantifying brand value is hampering the development of the reputational insurance market, despite increasing demand from companies to protect their brands from the threat of social media onslaughts.
Product ratings championed as alternative to claims ratios for add-ons
Legal expenses insurers have supported product ratings as an alternative remedy to publishing claims ratio information for add-on products, but only if the ratings are based on detailed and relevant criteria.
Prolific fraudster jailed for 38 months for £33k Aviva con
A Birmingham conman who defrauded Aviva out of more than £33,000 and then went on the run to evade justice has been jailed for three years and five months.
Capsicum Re makes partner hire
Guy Carpenter’s Andrew Moss is to join specialist reinsurance broker Capsicum Re as a partner.
Surveillance deemed the 'last resort' in resolving issues with staff
Company surveillance of insurance industry staff by private investigators must be backed up with a thorough audit trail justifying the activity, according to experts in the field.
Markel merger given green light by High Court
A merger between Markel International and Markel Europe has been granted High Court approval.
Lancashire looks internally for CRO appointment
Lancashire Holdings has appointed group internal audit head Louise Wells as its group chief risk officer, effective 28 July.
Female millennials shun insurance over career progression fears
The insurance industry is failing to keep hold of talented female workers, or even attract them in the first place, due to a perceived lack of equal opportunities.
Companies must educate employees on 'major' licence changes
The elimination of the paper counterpart to the UK driving license will have a major impact on businesses and employees who drive company vehicles, according to Jonathan Dye, head of motor at Allianz Commercial.
RSA promotes Tiffany to legacy claims head
RSA has promoted development and commercial claims head for motor and injury Suzy Tiffany to UK legacy head effective 1 July.
ILS taskforce meets government for the first time
The industry task force established to work with government to investigate ways in which more Insurance Linked Security business could be attracted to London met with representatives from HM Treasury for the first time on Friday (5 June).