News
Pool Re launches international terrorism risk body
Pool Re has launched the International Forum of Terrorism Risk Reinsurance Pools.
October issue of Post: Top 100 UK insurers, interview with Colm Holmes, focus on SSP and Big Data
The October issue of Post has landed.
#Post People 10-17 October
This weeks people moves from inside the insurance industry.
UK General suspends AR activity over mis-selling allegations
UK General Insurance has been ordered by the Financial Conduct Authority to look into alleged mis-selling by its appointed representatives.
Slater and Gordon cuts 640 UK jobs following huge losses
Slater and Gordon has cut 640 jobs in the UK and approximately 70 roles in Australia, in the wake of losses of A$1bn (£586m) in Q1.
Insurers struggling to adapt to digital channels, leaving millennials in the dark
UK insurers are struggling to adapt to digital channels of customer engagement, research has revealed.
Hurricane Matthew likely to be a significant claims event as death toll rises
Hurricane Matthew is expected to be a significant claims event as it continues to progress through the Bahamas, following the news of hundreds of deaths in Haiti.
Week in Post: Socials, swingers, and share sales
This week editorial staff at Post and sister title Insurance Age held their annual team social. After a popular vote, we took the unusual step of visiting a swingers club.
Japanese Sompo aims to become a 'truly global insurer'
Sompo's president and CEO, Kengo Sakurada has said the Japanese insurer aims to build a business which competes on a global scale with its purchase of Endurance.
Brokers call for greater FCA engagement following Simon Green's resignation
Brokers have called for a 'champion of brokers' to take up the role of head of insurance at the Financial Conduct Authority.
ALPS opens office to reach growth targets
Auto Legal Protection Services, is expanding its UK operations with the opening of a new office in Congleton in the North West of England.
Torlea buys Lloyd's broker Kinetic
Torlea Group has bought Kinetic Insurance Brokers.
David Hertzell, Aviva, Allianz, Axa and QBE among 2016 Insurance Fraud Awards winners
David Hertzell was crowned winner of the achievement award at last night’s Insurance Fraud Awards.
AIG court case against private investors continues
A professional indemnity insurance appeal brought by AIG Europe against private investors will be heard in the Supreme Court on Monday, 10 October 2016.
Tough attitude from ICO on Talk Talk breach highlights issue for data protection regulations
Insurance lawyers believe the Talk Talk data breach has highlighted important issues in time for the forthcoming 2018 data protection regulations.
RSA appoints Steven Zuanella as group chief digital officer
RSA has appointed Steven Zuanella to the role of group chief digital officer.
Personal injury claims on the rise in Scotland
Personal injury claims in Scotland have continued to rise over the past four years, despite a drop in claims in England according to figures from DWF.
Two-thirds of EU insurance legislation already enshrined in UK law
Two-thirds of European Union legislation that affect the insurance sector are already enshrined in UK law.
Aggregator websites now 'significant' distribution channel in Europe
Price comparison websites are now a “very significant” distribution channel for car and home insurance across Continental Europe.
Besso Insurance Group reports 16% increase in brokerage as turnover hits £37.6m
Besso Insurance Group has reported a strong increase in its brokerage income in its 2015 results as turnover currently stands at £37.6m with pre-tax profits of £5.26m.
Berkshire Hathaway Specialty expands to Macau
Berkshire Hathaway Specialty Insurance has gained an insurance and reinsurance license for Macau.
Asia Capital Re sells to Chinese investment firms
Singapore-based ACR Capital Holdings' shareholders have agreed to sell the reinsurance firm to two Shenzhen state-owned firms.
Nelson welcomes PM's Brexit timeline
Lloyd’s chairman John Nelson has welcomed Prime Minister Theresa May’s confirmation that Article 50 will be invoked before March next year.
Charman to net £255m from sale of Endurance to Sompo
John Charman stands to gain £255m from the £4.95bn sale of Endurance to Sompo.