News
LV CEO Richard Rowney appointed to ABI board
LV CEO Richard Rowney has been appointed to the board of the Association for British Insurers, to replace retiring LV CEO Mike Rogers.
Telematics data used to defend policyholder in court for first time
Telematics data has been used for the first time to successfully defend a policyholder in a liability trial at Wandsworth County Court.
Hiscox could set up EU carrier following Brexit
Hiscox could set up a separate EU registered business if the UK loses access to the common market, the company’s CEO has said.
Enterprise collapse will affect 14,000 motorists
A Zurich-owned Managing General Agent will reimburse outstanding premiums to Irish motorists who have been affected following the collapse of Enterprise Insurance on Friday.
Post People: 25 - 29 July
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Kedney appointed as chief commercial officer at Sompo Canopius
Paul Kedney has joined Sompo Canopius as chief commercial officer, from his previous role as actuarial and risk director at Aegis London.
Trak Global launches Appy Fleet and announces Tim Holliday as non-executive director
Former Zurich UK personal lines MD and chief underwriting offer Tim Holliday has joined telematics technology company Trak Global as a nonexecutive director.
Hiscox sees growth in London market
Interim results reveal Hiscox London Market grew during the first half of 2016.
Octopus Group acquisition paves the way for Verastar entry into insurance market
Verastar has acquired the Octopus group of companies in a deal that enables Verastar to enter the UK insurance broking and digital marketing sectors.
Neil Pearce appointed as managing director of Towergate London market
Towergate has appointed Neil Pearce as managing director of Towergate London market.
Cunningham Lindsey appoints Tobias Walter as managing director of German operations
Cunningham Lindsey has appointed Tobias Walter as managing director of its German operations. He replaces Dr Ulrich Mann.
Beazley looks to target EU business from Dublin as it seeks to extend reinsurance license
Lloyd's of London insurer Beazley is working to ensure its Irish reinsurance business gains access to the European market, even if Lloyd's loses its pass-porting rights.
FCA report on widespread selling among ARs 'no surprise' to broker networks
Today’s Financial Conduct Authority report on the “serious and widespread” issues on the oversight of appointed representatives has come as no surprise to broker networks.
Collateral lies ruling and abuse claims - the Post week
Here are the important insurance news and Post exclusives of the past week, in case you missed them.
FCA identifies ‘serious and widespread’ mis-selling among ARs
The Financial Conduct Authority has identified “serious and widespread” issues on the oversight of appointed representatives.
Former Marsh UK and Asia-Pacific CEO appointed to North American business
Former Marsh UK CEO Martin South has been appointed president of the company’s US and Canada division.
Thatcham code of conduct for Advanced Driver Assistance Systems to be published this month
The Thatcham code of conduct report for Advanced Driver Assistance Systems is due to be published later this month, Post can reveal.
Beazley sees profits slip in H1 results as rates fall
Beazley has seen a slight dip in profits in its results for the first half of this year owing to declining rates.
Former broker Craig Tracey to become co-chair of APPG for Insurance and Financial Services
Former insurance broker Craig Tracey is to take over as co-chair of the All Party Parliamentary Group for Insurance and Financial Services.
Allianz makes four key appointments to newly formed technical division
Allianz Insurance has made four key senior management appointments to its new technical division, led by Neil Clutterbuck.
Societe Generale Group acquires stake in French Fintech company
Societe Generale Group has acquired a stake in the share capital of French fintech company, Tagpay, which specialises in mobile banking.
Rise of big data may lead to 'uninsurable underclass', says new research
The growth of Fintech and the wider use of big data may create an uninsurable ‘underclass’, according to new research.
PRA warns non-life insurers over reserve releases
Financial reserves released by general insurers in 2015 were the highest in 30 years, regulators have warned.
Collateral lies ruling 'a blow to honest customers', says ABI
Today’s Supreme Court ruling on the inability of collateral lies to invalidate an insurance claim could come as a blow to honest customers, the Association of British Insurers has warned.