News
CMCs could be hit as crackdown continues on nuisance calls
Direct marketing firms will have to display phone numbers from May under new regulation, with the aim to cut down unsolicited nuisance calls from groups including claims management companies.
Insurers ‘most at risk from credit shocks’
Insurers could lose up to 17% of their own funds if there was a credit shock, according to results of a wide-ranging stress test of the market.
Compass in talks with Gallagher for MBO
Broker network Compass is in active discussions with its parent company, Arthur J Gallagher, for a management buyout of the business to create a wholly independent network.
Union 'strongly oppose' proposed changes to RSA redundancy pay
Union bosses have hit out against proposed changes to redundancy terms for long-term staff at RSA.
Bexhill UK launches peer-to-peer lending platform in premium finance market
The peer-to-peer lending trend has hit the premium finance market with Bexhill UK launching the Orchard Lending Club.
R&Q to dispose of more businesses in 2016, focuses on cost-management
Randall and Quilter will look to dispose of more businesses this year as part of a simplification of the firm’s business model.
Virtual reality offering on trial for telematics-backed claims
Telematics firm Scope Technologies will offer a 4D recreation of accidents using telematics data, a move it says would cut claims times.
Aubert to head up London Market Group
Willis Towers Watson’s boss in Great Britain Nicolas Aubert will succeed Steve Hearn, CEO of Cooper Gay Swett & Crawford, as London Market Group’s chair.
Admiral boss Engelhardt and ex-Saga De Haan brothers top rich list for insurers
The Sunday Times' Rich List has placed departing Admiral CEO Henry Engelhardt at 164 in its annual rankings, equal to BGL founder Douw Steyn but behind the De Haan brothers, Sir Roger and Peter.
Asta appoints new CRO and CIO
Asta has named Clare Barley and Matthew Lane as its new chief risk officer and chief information officer, respectively.
Euler Hermes to cancel trade credit cover for Tata Steel firms in UK
Allianz-owned Euler Hermes will end its trade credit insurance cover for all Tata’s UK steel firms this week, Post understands.
#postpeople 25 - 29 April 2016
All the latest insurance industry market moves between 25 and 29 April 2016.
R&Q jumps to profit following strong legacy acquisitions contribution
Randall & Quilter reported a rise in pre-tax profit to £2.8m in 2015, from a loss of £1.6m the previous year.
Chinese regulator warns on purchasing insurance in Hong Kong
The Chinese Insurance Regulatory Commission has warned Chinese citizens about buying insurance in Hong Kong.
Ex-Rugby player appointed head of ProSports
An ex-Rugby player has been appointed head of a professional sports insurer.
Covent Bridge in talks to make trio of acquisitions
Investigation firm Covent Bridge Group is in discussions to make three acquisitions as it looks to expand its UK and European footprint.
Drones and Vnuk in the news; David Marock interviewed
Important news and exclusive content from Insurance Post over the past week
Traditional reinsurance capital down $13bn, offset by non-traditional sources
Reinsurance capital fell 3.5% or $13bn (£9bn) in 2015 within traditional sources but non-traditional sources saw continued growth, up $70bn according to the latest Reinsurance Market Report from Willis Re.
Career File: Tracey McDermott and Sam Woods
McDermott to step down as interim FCA boss, as PRA appoints Woods as CEO
Investor backs Leicestershire broker Kingsway Insurance in growth deal
Minority Venture Partners has invested in commercial broker Kingsway Insurance as the company pushes for £15m in GWP.
Quiz of the week – 22 April
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Covéa Insurance names Carol Geldard as personal lines director
Covéa Insurance has appointed Carol Geldard, pictured, to the newly-created role of personal lines director, effective from 1 June.
Birmingham regional broker Johnston Park McAndrew pushes for growth
Halesowen-based broker Johnston Park McAndrew will target £1m in growth and an extension of its client base in plans for 2016.
Hiscox Group adds Prudential’s Aki Hussain as group CFO
Chief financial officer of Prudential’s UK and Europe division, Hamayou Akbar (Aki) Hussain, will join Hiscox as its group CFO in the second half of 2016.