News
Steadfast buys underwriting agencies and broker from QBE
Australian insurance group Steadfast has bought two underwriting agencies and a broker from Australian giant QBE for A$290m (£147m).
Insurers urged to seize 'opportunity' as driverless cars hit UK roads
The emergence of driverless car technology should be viewed as an “opportunity not a threat” by motor insurers, despite prospective further reductions in premiums.
Clear Insurance Management acquires Hibbert
Independent broker Clear Insurance Management has snapped up J H Hibbert.
Davies builds Irish footprint with Associated acquisition
Davies Group has acquired Irish loss adjusting and claims management business Associated Loss Adjusters.
Lloyd's approves Equinox's Dutch office
Lloyd's has officially approved cover holder Equinox Global's Netherlands office.
CPP's AIM move raises £20m
CPP Group has shifted to trading on the London Stock Exchange AIM Market with the placing raising £20m for the company.
Dutch group sells insurance arm to Chinese insurer
SNS Reaal, a troubled Dutch government owned bank and insurer, has agreed to sell its insurance arm to Anbang Insurance.
$1bn stolen from banks in cyber attack, says security firm
Security firm Kaspersky Lab has estimated $1bn (£648m) has been stolen from around 100 banks and financial institutions since 2013 in an ongoing cyber attack.
Snowball eyes next role after Suncorp
Patrick Snowball is ready for a new challenge after he leaves Suncorp later this year.
ABI slams government’s lack of young driver reforms
The Association of British Insurers has criticised the government’s lack of action on young driver reforms for “putting young lives at risk and increasing the cost of motor insurance for young drivers unnecessarily”.
Insurers clamour for industry standard on premium comparison
There is a groundswell of support among insurers to establish an industry standard on premium comparison at renewal after Axa broke ranks to introduce such a scheme for personal lines customers.
LMA issues TRIA guidance note
The Lloyd's Market Association has issued a guidance note to the London insurance market on Terrorism Risk Insurance Act legislation.
Video: Ifed head DCI Angie Rogers
Insurance Fraud Enforcement Department boss Detective Chief Inspector Angie Rogers tells Post news editor Callum Brodie about her vision of the fraud landscape and why prevention is better than cure.
Q&A: Ifed head DCI Angie Rogers
In her first interview since becoming head of the City of London Police's Insurance Fraud Enforcement Department, Detective Chief Inspector Angie Rogers unveils her agenda for the fight against insurance fraud.
Mesothelioma tariff increase should not affect overall cost for insurers, says DWF
The government’s decision to increase the Diffuse Mesothelioma Payment Scheme tariff to 100% of average civil compensation should not increase the cost burden for insurers, according to law firm DWF.
Ex-Gallagher CFO Mugge follows Ross to Sierra
Former Arthur J Gallagher International chief financial officer Mark Mugge has been appointed CFO of Sierra Investment Holdings, the investment vehicle bidding for Towergate.
JLT sells 26.2% stake in French associate
Jardine Lloyd Thompson Group has sold its 26.2% stake in Milestone, the holding company of Siaci St Honoré, the broker's French Associate.
Fosun completes Ironshore stake acquisition
Chinese investment firm Fosun has become the largest shareholder in Bermuda based insurer Ironshore after completing the purchase of a 20% stake.
Zurich's Asia-Pacific GI COR climbed to 100.6% in 2014
2014 saw a higher amount of large individual losses for Zurich's general insurance business in the Asia-Pacific region than the previous year.
AIG's Q4 2014 profits fell 67%
US insurer AIG's Q4 after tax profits declined to $655m (£426m) compared to $1.98bn a year earlier as the insurer missed analysts expectations.
LV research highlights 'compensation culture' strain on the NHS
Eight in ten UK car accidents where one driver accepts liability involve a compensation claim for whiplash, according to a study by LV.
RSA director Coram joins Brightside as restructure claims two roles
Brightside Group has continued the restructuring of its senior team with the appointment of RSA’s Tony Coram as group chief operating officer.
Industry should not ‘bank’ on weather benefits says Zurich’s Smith
Several years of benign UK weather are likely to increase pressure on home and buildings pricing according to UK GI CEO Dave Smith who has warned peers not to ‘bank’ on the benefit of below average catastrophe activity.
Next two quarters will tell if signs of improvement in motor are 'false dawn' says Ageas UK CEO
Ageas UK CEO Andy Watson has predicted this year could see an improvement in the motor market as fuel prices mean drivers take to the road more frequently but says the next two quarters will tell.