News
Sony warehouse fire not caused by rioters, police say
Insurers' claims for the Sony warehouse building burnt down during the riots was rejected because it was not caused by people "riotously and tumultuously assembled", the police have said.
A&A adopts Claim Witness telematics system
Non-standard motor broker A&A Group is to adopt a new telematics system launched by Claim Witness Systems, which is backed by experienced insurance industry figures, such as Mark Boleat.
QBE hires Bocca for trade credit role
QBE Trade Credit has appointed Ian Bocca as manager of new business development UK with effect from 1 May.
Solvency II amendments poll
Are the Solvency II amendments enough?
Insurers better than most at tackling fraud
The insurance industry's £2.1bn of fraud is the biggest slice of the financial services sector's £3.5bn total and more than twice the size of its nearest rival mortgage fraud (£1bn), according to the government's National Fraud Authority.
Five shortlisted for Claims Awards Rising Star gong
Post can today exclusively reveal the shortlist for the Claims Awards Rising Star category.
Ecclesiastical targets rapid growth in Ireland
Specialist faith insurer Ecclesiastical plans to treble the size of its Irish business over the next five years, according to a report in the Irish Times.
Allianz develops telematics strategy
Allianz is gearing up to deliver telematics-based motor products as it looks to recruit a telematics team.
Axa and CII team up on underwriting academy
Axa Commercial Lines has launched an underwriting academy in partnership with the Chartered Insurance Institute.
Mapfre begins assistance operations in Malta
Spanish insurer launches Maltese subsidiary of Mapfre Assistencia.
QBE appoints Bocca as UK trade credit manager
Business specialist QBE has appointed Ian Bocca to join QBE Trade Credit as manager, new business development UK, effective from 1 May.
Co-op Insurance creates new telematics role
Co-operative Insurance has created a new role on its product team to develop its Young Driver motor insurance proposition.
MIB: uninsured young drivers down 50%
The Motor Insurers' Bureau has claimed that the number of 17–20 year-olds estimated to be driving without insurance has decreased by half over the past three years.
Industrial assets underinsured by up to 60% in Asia
Telecommunications, energy and petrochemical companies are underinsuring their industrial assets by 30% to 60% in Asia, according to a new report by Marsh, and John Foord, an industrial asset valuation firm in Asia.
AIG and Allianz to target Chinese motor market
American International Group and Allianz SE have confirmed their interest in the Chinese motor market, which will soon be open to foreign insurers.
Quindell buys in Enzyme with Thomson to become group chief revenue officer
Rapidly expanding insurance technology and claims outsourcing firm Quindell Portfolio has named Robert Thomson as group chief revenue officer and announced the acquisition of personal injury claims firm Enzyme International.
Liberty Mutual enters Russian P&C market with KIT acquisition
Liberty Mutual Insurance Group has acquired Russian insurance company KIT Finance Insurance allowing it to enter Russian's $21bn property and casualty market.
Aon says low airline claims won't cut rates
Aon Risk Solutions has said airline claims were historically low last year but warned that the risk that the aviation industry represents remains high and insurance prices are likely to remain stable.
XL Bermuda boosts D&O risks covered
XL Insurance (Bermuda) has boosted it D&O cover to pay for independent directors’ defence costs in the US under Sarbanes-Oxley and Dodd-Frank and the UK Bribery Act.
Police reject insurers' £80m riot claim
The Metropolitan Police Authority has turned down insurers' £80m claim for the Sony Warehouse building burnt down during last summer's riots, Post has learnt.
Finance Bill causes 'no major headaches' for insurers
Insurers are breathing a collective sigh of relief following the publication of today's Finance Bill, with firms expected to benefit from controlled foreign companies exemptions and unforeseen benefits for those looking to establish UK headquarters.
RSA appoints new France country manager
Global insurer RSA has appointed Didier Arminjon as country manager for France.
MAS enhances Singapore's capital framework
The Monetary Authority of Singapore is to consult on enhancing the country's risk capital framework.
Post webinar: Data protection
The first of this year's Insurance Technology webinars provides industry-leading insight into a recent European Commission data protection directive.