News
AIG strikes $34bn legacy deal with Berkshire Hathaway's NICO
AIG has agreed a $34bn (£27bn) legacy deal with National Indemnity Company, a subsidiary of Berkshire Hathaway.
Eight out of 10 PI jobs at risk from whiplash reforms
More than 35,000 jobs may be at risk if the government’s whiplash proposals go through, a macroeconomics consultancy has claimed.
Broker Direct enters partnership with Transactor
Broker Direct has joined Transactor's panel of open market rated insurers.
Knowles takes on parent company name
Knowles Loss Adjusters has rebranded to Charles Taylor General Adjusting Services.
Swiss Re granted approval for Mumbai office
Reinsurance giant Swiss Re has been granted a branch license for India and will open up an office in Mumbai at the beginning of February.
Post People 23 - 29 January
Keep up with this week's movers
Leonardi appointed head of Generali Asia
Former senior Axa employee Roberto Leonardi has been appointed regional officer for Generali Asia’s insurance operations.
Tokio Marine launches self-learning Facebook chatbot for advisors
Tokio Marine Life Insurance Singapore is linking up with its IFAs and agents via an automated chatbot available on Facebook messenger.
Thailand opens up insurers to 100% foreign acquisitions
Foreign insurers can now buy up to 100% of Thai insurers' shares following a decision from the Thailand Finance Minister.
Paul Jardine replaces McMellin as XL Catlin CEO
Paul Jardine has been named CEO of XL Catlin and Catlin Insurance Company UK syndicate, succeeding Andrew McMellin.
Venture Insurance purchases Poole Martin
Venture Insurance has purchased Poole Martin which will see the company placing premiums of £13m per year.
Crime stats reveal 13% reduction in insurance fraud
There has been a 13% reduction in the amount of insurance fraud reported by the industry, according to government statistics.
ABI loses appeal on discount rate review
The Association of British insurers has lost an appeal to government on the judicial review on changes to the discount rate for personal injury damages.
This Week in Post: Trump, restructuring and asparagus
One of the silver linings of my job is the fact I receive emails about a wide range of subjects, most relevant, some less so.
50 brokers on SSP in ‘advanced negotiations’ over migration to Open GI
More than fifty brokers affected by SSP outages are in advanced negotiations to switch software provider to Open GI.
Enterprise liquidator passes motor claims handling to Gallagher Bassett
The liquidator for failed insurer Enterprise has handed over its motor claims handling to Gallagher Bassett from its previous handler.
Quiz of the week – 20 January
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
R&Q issues subordinate notes to support legacy activity in the US
R&Q has issued $20m (£16m) of floating rate S subordinated notes which will be due December 2023 from R&Q Re Bermuda, the group's 3A insurer.
Aviva and Tencent plan Hong Kong digital distribution
Aviva, investment firm Hillhouse Capital and Chinese internet firm Tencent Holdings are combining to offer online life insurance in Hong Kong.
IIS to reward universities which connect students to insurance
The International Insurance Society has designed a certification system for recognising universities that provide risk management and insurance education.
Watchstone set to make loss of £14.9m
Watchstone is expected to make a loss of £14.9m in its full year results.
240 jobs at risk as Zurich restructures UK operations
Zurich UK is to shed 240 jobs as the insurer restructures its UK operations.
Lloyd’s to open India branch ahead of April renewals
Lloyd’s of London is to open a reinsurance branch in India, in time for the April reinsurance renewals.
Lemonade drops 'peer to peer' label just months after launching
Lemonade has said that it no longer classes itself as a peer to peer insurer just months after launching.