News
AIG makes senior Asia-Pacific leadership changes
Mike Raines will move from AIG's Singapore unit to become CEO of AIG New Zealand.
20 Hong Kong insurers join HKFI graduate training initiative
20 insurers have teamed up with the Hong Kong Federation of Insurers to offer an insurance diploma for young graduates.
China's Fosun buys US insurer
Fast growing Chinese investment group Fosun has bought US property and casualty insurer the Meadowbrook Group for $433m (£284m).
Alternative capital to target property, business interruption says Aon
The role of capital markets in reinsurance is likely to continue to grow, according to Aon, which has forecast that investors may seek to expand into new classes of business.
Rural launches Darlington office with six Towergate recruits
Rural Insurance has opened a new Darlington office led by six underwriters from Towergate-owned BIB.
Prosight agrees partnership with Corgi Home Plan
Prosight Specialty Underwriting has been appointed by Corgi Home Plan to underwrite its home maintenance products.
IFB hires two for strategy implementation
The Insurance Fraud Bureau has hired a project manager and a business analyst to contribute to the implementation of its five-year strategy.
Transactor goes live with My Licence
Transactor Global Solutions is the latest software house to announce it has gone live with the My Licence service with clients expected to use it in the coming months.
Biba recruits Abbey Legal for advice helpline
The British Insurance Brokers’ Association has launched a new legal advice line for members, run by Abbey Legal Protection.
Brit launches Bermuda SPV for catastrophe capacity
Speciality insurer Brit has created a new special purpose vehicle to provide capacity support for its property treaty portfolio for 2015.
Kennedys strengthens China presence with Anjie deal
International law firm Kennedys has strengthened its market position in the People’s Republic of China by entering into a co-operation agreement with Chinese law firm Anjie.
Ageas completes £197m sale of Ageas Protect to AIG
Ageas has completed the sale of its 100% shareholding in Ageas Protect Limited to AIG for £197m.
Quindell enters 'exclusivity arrangement' over potential sale
Beleaguered insurance outsourcer Quindell is in talks over the possible disposal of a number of its operating business in order to generate cash.
Reinsurers forced to adapt models as rate pressure continues at January renewal
Tough times continued for reinsurers at the 1 January renewals as rate reductions, low investment returns and the continued influx of alternative capital offered little respite for struggling firms, according to the latest report from Willis Re.
MIB's West and Hughes Insurance founder awarded OBEs
Motor Insurers' Bureau CEO Ashton West has been made an Officer of the Order of the British Empire in the Queen's New Year's Honours List.
Allianz leads hull and liability policy for Air Asia jet
Allianz is the lead reinsurer on the hull and liability policy for the stricken Air Asia jet which crashed last week, Post understands.
US private equity firm among parties gearing up for Towergate bid
New York-based private equity firm Apollo is planning a bid for Towergate after purchasing some of the beleaguered brokers senior loans.
Helvetia president Walser passes away unexpectedly
The president of the board of directors of the Helvetia Group, Erich Walser, unexpectedly passed away on 30 December 2014.
Prudential finance director James joins Admiral board
Admiral has appointed Prudential's finance director Penny James as a non-executive director.
ALC Health CEO awarded MBE
Sarah Jewell, founder and CEO of international medical insurance provider ALC Health has been awarded a Member of the Order of the British Empire in the New Year Honours list.
Elite cites 'fantastic growth potential' as it launches French office
Niche lines insurer Elite has signalled its intention to grow in the French market with the opening of an office in Paris.
Insurance Claims Review of the Year 2014 - updated
Having asked the Post Claims Club advisory board for their views on 2014, and hopes for 2015 this is how a number responded.
Merry Christmas from Post
Incisive Media's offices are now closed until 2 January 2015 for the festive period.
Henderson Insurance Brokers records 8.7% turnover hike
Henderson Insurance Brokers posted an 8.7% increase in turnover to £24.5m for the financial year ended April 2014.