News
Beazley increases cover for environmental risk
Beazley has doubled its environmental risk capacity to £50m with the new Beazley Elements consortium at Lloyd’s.
Vienna Insurance Group's profit before tax falls by 17.5%
Vienna Insurance Group has seen pre-tax profits fall by 17.5% in the first half of the year.
FM Global breaks ground on £45m loss prevention facility in Singapore
International commercial insurer FM Global has broken ground on a S$80m (£45m) education facility in Singapore.
Ecclesiastical appoints Chris Withers as head of broker distribution
Ecclesiastical has appointed former Covéa head of distribution Chris Withers as head of broker distribution.
Former Travelers CEO Jay Fishman dies at 63
Former Travelers CEO Jay Fishman died on Friday in his New Jersey home following a battle with a neuromuscular condition.
EPUL appoints ex-Towergate director Andrew Whittaker as new managing director
Specialist commercial insurer EPUL has appointed Andrew Whittaker as it new managing director.
Post People: 22 August - 29 August
The latest people moves in the insurance industry.
Clear Insurance Management joins Group Risk Development
Clear Insurance Management has joined Group Risk Development, the trade body for advisers, providers and reinsurers operating in the group risk market.
Standard Syndicate extends range of cover and appoints new underwriters
The Standard Syndicate 1884 has extended its range of insurance cover and expanded its underwriting team as new appointments and risk covers list high on the company’s agenda.
Matt Field appointed to business manager of Direct Insurance London Market
Lloyd’s specialist schemes broker, Direct Insurance London Market, has appointed a new business development manager for its Northern region.
Chubb expands Clifford's role in Asia-Pacific
Chubb's regional head of casualty for Asia-Pacific Adam Clifford has been given an expanded role.
Chiu takes on Zurich global corporate role in Hong Kong
The founder of Dual Asia has been given a different role at Zurich Hong Kong after running financial lines for Greater China.
IAG posts solid results in 'challenging conditions'
Australian-headquartered giant IAG saw after tax profits fall 14% but insurance profits climb 6.8% for the full year ending 30 June.
IAG grows Asia GWP to A$757m
In the last financial year Australian-headquartered insurer IAG grew its gross written premiums in Asia, outside of China, 7.5% to A$757m (£582m).
Global insurtech attracts £1bn of venture investment in the first half of 2016
Over £1bn in venture capital has been invested in global insurtech in the first half of the year, according to a report.
Ghost broker who conned friends sentenced
A ghost broker who ripped off friends and family has been sentenced at the central criminal court.
Home insurance premiums remain competitive despite extreme weather conditions
Despite extreme weather and flooding, the cost of combined buildings and contents insurance policies is at its lowest in four years.
Markel UK opens new Birmingham office
Markel UK has moved to a bigger office in Birmingham in order to “grow in profile” in the city.
The County Group acquires broking business GR Plimbley
The County Group has acquired its competitor, insurance broker GR Plimbley, and expanded its branch network to 18 locations.
Moore and Beale elected to top CII jobs
Thomas Carroll Group chairman John Moore MBE has been elected president of the Chartered Insurance Institute.
Week in Post: Amazon Echo; pills that make you hard; CMC scourge and elderly drivers
This week Post reporter Rosie Quigley and I were given a tour around the Accenture Innovation Lab at Plantation Place in the City.
N&G to provide £30m capacity for Towergate
Navigators & General will provide capacity for up to £30m in premiums from Towergate over the next five years, under a deal signed today.
QBE creates chief underwriting role for Australia and New Zealand
QBE's group chief actuary to become chief underwriting officer for Australia and New Zealand.
QBE cancels £31.1m deal with Network Rail
A £31.1m insurance arrangement between QBE and Network Rail was not renewed in the first half of the year because of “unacceptable terms”.