News
Biba launches its 2017 manifesto
The British Insurance Brokers’ Association has called for the government to commit to no further increases to Insurance Premium Tax and to negotiate for single market access in the EU exit.
Flood Re appoints Andy Bord as interim CEO
Flood Re has appointed Andy Bord, former managing director of BGL Group, as interim CEO.
Tailored policies and cyber set to influence market in 2017
Tailored insurance for new professions, cyber policies for SMEs, and the FCA’s consultation on the Financial Services Compensation Scheme are three key trends expected to influence the insurance market over 2017.
Half of insurers to make digitally-driven acquisition in next three years
Almost half of insurers expect to make an acquisition over the next three years in order to acquire digital technologies.
Insurtech firm Bought by Many receives £7.5m investment
Insurtech broker Bought by Many has received £7.5m in investment funding.
Enterprise and Gable will cost insurers £63m this year
Insurers will have to pay £63m in supplementary levies to the Financial Services Compensation Scheme this year, to cover the failures of Enterprise and Gable.
Post People: 16 - 20 January
All the latest people moves happening in the industry this week.
Boeing 747 cargo plane crashes enroute from Hong Kong to Istanbul
At least 37 people have been killed after a Turkish cargo plane crashed into a village near the capital of Kyrgyzstan this morning.
Gibraltar Finance meets China captive committee in Beijing
Representatives from Gibraltar Finance attended a new captive committee in Beijing earlier this month.
Lloyd's has grown beyond £240m GWP in China, says Nelson
Lloyd's chairman John Nelson has said the organisation is confident it wrote more than 2bn yuan (£240m) of gross written premium in 2016 - more than double the 790m yuan in 2015.
EU and US regulators agree new bi-lateral transatlantic insurance agreement
The US and EU have agreed to reduce legal and capital barriers to boost the transatlantic insurance and reinsurance market.
Rise of IPT 'punishes' health insurance customers
Customers find it unfair that they are facing increased tax on their health insurance on top of the tax they already pay to fund the NHS.
This Week in Post: Census, success and snow
The snowflakes trickling gently down from the skies across the nation remind me of the vast number of people who trickle through the doors of the insurance sector - people, our Census closes today!
Quiz of the week - 13 January
Test your knowledge on this week's insurance news.
Men paying more than women for car insurance despite EU gender directive
Men are paying on average £101 more for car insurance than women, despite EU rules banning insurers from taking gender into account when calculating premiums.
Medco appoints new chairman
Medco has appointed Martin Heskins as executive chairman with responsibility for the new strategic direction of the personal injury portal.
The City UK sets out industry priorities for Brexit
The City UK, a City of London lobby group, has issued its key priorities for the UK’s financial and professional services industry in the forthcoming Brexit negotiations.
Tokio Marine tests new blockchain-based insurance policy
Tokio Marine has begun testing a blockchain-based insurance policy for the shipping industry.
Probitas appoints PI underwriter
Kiran Wignall is to join Lloyd’s underwriting syndicate Probitas 1492 as a professional indemnity underwriter in its financial lines team.
Fidelis co-founder McConachie to leave
Neil McConachie, group chief financial officer and co-founder of Fidelis, is leaving the firm.
Severe flood warnings issued for coastal areas in UK
Severe flood warnings are in place along the eastern coast of England following fears that a storm surge places homes and properties at risk.
JBA releases flood model for Vietnam
UK catastrophe modeling firm JBA Risk Management has this month released a multi-peril flood model for Vietnam.
Spencer departs Zurich following Howell appointment
Post understands Stuart Spencer, Zurich's former general insurance Asia-Pacific CEO, left the company on 31 December.
Motor premiums rose by 14% in 2016
Car insurance premiums rose by 14%, equivalent to £95 on average, in 2016.