News
Previously unrated Elite assigned BBB- rating by Fitch
Previously unrated Elite Insurance has been assigned an IFS rating of BBB- by Fitch.
Hastings to be part acquired for up to £499.5m
Hastings could be part sold to a South African investment company for up to £499.5m.
Census 2017 - just one day left!
It's coming soon, it's huge and it's all about you!
Industry 'concerned' over FSCS levy proposals
Trade bodies are concerned over the Financial Conduct Authority’s suggestions on Financial Services Compensation Scheme funding.
Four out of five unaware how to report cold calls
Four out of five people are unaware they can report cold calls to the Information Commissioner’s Office, a Post survey can reveal.
Underwriting at Lloyd's unprofitable in the aggregate, say Beale & Nelson
The strong performance that Lloyd’s has enjoyed this year masks a worrying unprofitable underwriting trend, according to the market’s CEO Inga Beale and chairman John Nelson.
FSCS levy may rise for brokers that use unrated insurers
The financial services watchdog could make brokers that deal with unrated insurers pay a higher levy to the Financial Services Compensation Scheme.
Third of motorists lie to get cheaper premiums
One in three motorists will lie to their insurance company to get cheaper premiums, a survey found.
ICO welcomes Post's #ColdCallCrackdown campaign
The Information Commissioner's Office has welcomed Post's #ColdCallCrackdown campaign, stating that with Post's help more action against nuisance calls will be taken.
CMA launches formal complaint against Highways England
A claims management firm has launched a formal complaint with Highways England over the destruction of “potentially vital” CCTV evidence.
Lloyd's to cut subscription costs by 10%
Lloyd's of London will reduce its market subscriptions by 10% for 2017 as part of efforts to keep the market competitive.
Hank Greenberg trial back on track after appeal thrown out
Former AIG CEO Maurice ‘Hank’ Greenberg will stand trial after an attempt to escape civil fraud charges was thrown out by the US Supreme Court.
Two insurers join Markerstudy pet insurance aggregator
Two major insurers have joined Markerstudy's newly-launched pet insurance aggregator.
Novae appoints head of marine
Specialist Lloyd’s insurer Novae has appointed Helen Steadman as head of cargo.
Digital Fineprint closes investment round with help from Twitter VP
Insurtech start-up Digital Fineprint has closed a $400k (£315k) seed investment round.
US and EU bilateral agreement on reinsurance should eliminate competitive disadvantage
Negotiations between the US and EU surrounding a bilateral agreement on reinsurance has been reiterated.
Building Block expands gadget cover into Irish market
Malta-based insurer Building Block has signed a distribution agreement with Frost Insurances to bring its gadget product to the Irish market.
CG Holdings launches new MGA Corin Underwriting
Casualty & General Insurance Company Europe’s parent company CG Holdings is launching Corin Underwriting Limited, a managing general agent to handle its UK and Irish casualty risks.
Nine out of 10 Hanjin container claims handled by Cunningham Lindsey
Nine out of 10 container claims from the collapse of the Hanjin Shipping line are being handled by loss adjuster Cunningham Lindsey.
Helvetia adds two members to executive management
Adrian Kollegger and Achim Baumstark will join Helvetia Group as head of non-life Switzerland and chief technology officer, respectively.
Post People - 12-16 December 2016
Check out this week's movers and shakers.
Zurich acquires Australian travel group Cover-More for A$741m
Insurance giant Zurich is aiming to become a top three global travel insurance provider after an agreement to buy Sydney-headquartered group Cover-More for A$741m (£439m).
Endsleigh sees operational resignations
Endsleigh’s head of customer operations, Trudi Archer, has left the organisation, Post understands.
Nicola Crawford appointed as IRM chair
The Institute of Risk Management has appointed Nicola Crawford as its new chair.