News
Markel enters marine PI market with Galleon deal
Markel International has acquired specialist marine MGA Galleon for an undisclosed sum.
Axa completes Sun Life sale to Phoenix Life
Axa has completed the sale of its UK life and savings businesses.
Hastings increases GWP to 26%
Hastings has seen gross written premiums up by 26% from the same period last year.
Closing the claims liquidation loophole
Regulatory powers to crack down on rogue claims management companies are to be passed to the Financial Conduct Authority
Rising Star: Annie Robertson, ERS
Annie is portfolio underwriting manager for bespoke motor at the insurer
Chinese P&C insurers see profits decline 29% in first nine months
China's P&C insurers saw profits fall 29% to 48.2bn yuan (£5.8bn) in the first nine months of the year compared with the same period in 2015.
Chubb and Ace complete Australia integration
Chubb and Ace have started operation as one insurance company in Australia - Chubb Insurance Australia.
Customers' home insurance will not be 'invalidated' following Samsung recall
Insurers have warned customers to respond to Samsung’s recall of Galaxy Note 7 devices but have assured them that their homes will still be covered in the event of a fire.
Blenheim brings together former Cathedral team
Blenheim syndicate has confirmed new appointments in its property treaty and direct and facultative property teams.
Telematics providers push daylight saving time update to motorists
Telematics providers were forced to accommodate the change to daylight saving time on Sunday morning with a patched update to hundreds of thousands of motorists.
Career file: Chris Beazley
Beazley appointed CEO of London Market Group
Career development: Women in Finance Charter
Insurers have been rallying around the Women in Finance Charter as a way of pushing for more women in senior roles.
SSP posts £13m profit on back of ‘secure’ customer base
Software house SSP has made operating profits of £13m for 2015, and the company said its future growth prospects are “exciting”.
Go Compare valued at £425m ahead of demerger
Go Compare could have a value of up to £425m once it lists independently on the stock exchange, analysts believe.
Enterprise deficit nine times larger than predicted
Failed Gibraltar insurer Enterprise had a total deficit of £96.4m, almost nine times more than the original estimate of £11m.
Zurich paid out more than £1bn worth in claims during first half of 2016
Zurich has paid more than £1bn in claims during the first half of 2016 with payout figures reaching higher than Axa.
Motor premiums continue to rise into third quarter
The average comprehensive motor insurance premium has risen by 9% over the last year, according to the Association of British Insurers.
FCA to consult on making FSCS levy more affordable
The financial services watchdog is looking to “improve affordability” for firms that contribute to the Financial Services Compensation Scheme.
IUA body to monitor emerging technology
The International Underwriting Association is establishing a new focus group to assess the future impact technology will have on London underwriting.
Biba urges Chancellor not to increase Insurance Premium Tax
The British Insurance Brokers' Association is urging the government not to increase Insurance Premium Tax in the Autumn Statement.
#Post People 31 October - 4 November
This week's latest movers and shakers.
Hong Kong Insurance Awards 2016: The Winners
Manulife and Prudential both won three awards at the Hong Kong Insurance Awards 2016.
New insurtech enters the market to drive uptake in cyber policies
New insurtech start-up, Cyberfense, has been approved by the Financial Conduct Authority and can now operate as an MGA.
Incoming Axa CEO McCafferty welcomed by brokers
Brokers have reacted positively to Brendan McCafferty’s appointment to Axa CEO for intermediated and direct.