News
Brexit offers UK insurers respite on ECJ VAT ruling for outsourced claims
UK insurers are facing significant increases to the cost of outsourced claims handling if the government is forced to align its VAT position to a recent European Court of Justice ruling, but the June vote on whether the UK should leave the European Union…
FCA regulation of credit hire firms touted as CMCs fall under its remit
Industry commentators have backed the future Financial Conduct Authority oversight of claims management companies, announced in the 16 March Budget, alongside suggestions a similar regulatory framework should be adopted for credit hire companies.
Former Ageas CEO Smith joins Uinsure
Barry Smith will join Manchester-based general insurance provider Uinsure as non-executive director, following his departure from Ageas in October last year.
Budget 2016: Latest IPT rise could ‘interfere’ with Flood Re’s primary objectives
Commentators warn it is paramount that people are not dissuaded from taking out policies
Budget 2016: Corporate tax changes aimed at banks could impact insurers offsetting losses
Insurers hit by rises in claims as a result of the recent floods and increases in insurance premium taxes will also now face corporate tax changes that will affect them offsetting losses.
Budget 2016: Safe Harbour lanes mooted as UK shifts gears on autonomous vehicle investment
A £15m ‘connected corridor' from London to Dover, driverless car and truck platooning trials were all outlined as part of the 2016 Budget in a move to retain the UK's position in the market.
IFB appoints new investigations head
The Insurance Fraud Bureau has appointed Jason Potter as its new head of investigations, effective from today (21 March).
SMEs split on Brexit according to Zurich risk poll
Just under 40% of SMEs would back Brexit according to Zurich’s latest SME Risk Index.
Broker Brentacre to expand into general commercial
Swansea-based specialist insurance broker Brentacre will branch into general commercial insurance with a key hire.
The Claims Awards 2016 shortlist is out today
The Claims Awards shortlist is out today.
UK still long-term hotspot for shipping incidents
The British Isles, North Sea, English Channel and Bay of Biscay region is the area that has seen the most shipping casualties since 2006, according to Allianz Global Corporate and Specialty, despite total losses in the British Isles being down year-on…
ABI adds DAC Beachcroft as second associate member
The Association of British Insurers has added law firm DAC Beachcroft as an associate member, the second since the category was created by the ABI.
Axa chairman and CEO Henri de Castries to step down
Axa’s long-serving CEO and chairman Henri de Castries will retire and leave the board of directors on 1 September with the role to be split following his departure.
Three senior Asia AIG managers leave as insurer reduces costs
Post understands three senior Asia AIG managers have been made redundant as the insurer looks to reduce costs.
Lai promoted at Generali to Asia chief underwriting officer
Generali Global Corporate and Commercial has appointed Ken Lai as chief underwriting officer Asia, commercial lines.
Broker teams up with Australian Rugby Union for club risk management app
Sydney-based insurance broker Gow Gates has created a rugby club risk management app with the Australian Rugby Union.
Crawford unveils new international executive structure
Crawford & Company has announced a new international management structure including a shared services leadership team and an executive team.
Video: QBE European Operations CEO Richard Pryce
Speaking to Post news editor Callum Brodie, QBE European Operations CEO Richard Pryce gives his take on industry game-changers in 2016, while also providing an insight into his own organisation's strategy.
Quiz of the week - 18 March
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Crawford TPA Broadspire to be led by Sutcliffe as Clubley steps down
Crawford & Company’s third-party administration business Broadspire has replaced Margaret Clubley as managing director of its UK business with Ian Sutcliffe, former Crawford UK client relationships director.
Generali appoints Donnet as group CEO
Italian giant Generali has appointed Philippe Donnet, Generali's Italy country manager, as group CEO.
Lloyd's creates country manager role for India
Lloyd's has appointed Shankar Garigparthy as country manager for India.
Pressure tipped to rise on insurers' use of price optimisation
Insurers should think about the possibility of price optimisation being curtailed, a leading insurance ethicist has outlined in a Chartered Insurance Institute think piece.
NFU Mutual shrugs off £50m flood loss to post 83% 2015 underwriting profit
Rural insurer NFU Mutual delivered an 83.7% increase in underwriting profit to £281m in 2015 (FY 2014: £153m) despite suffering a £50m loss caused by flood claims at the tail end of last year.