News
IUA warns job losses ‘highly likely’ if Brexit camp wins
Job losses among the 34,000 people employed directly in the city’s commercial insurance sector, and thousands more indirectly, are likely if the UK votes to leave the European Union, according to industry bodies.
Post Claims Awards: AIG, Allianz, Aviva, LV and RSA's Paton among the winners
RSA group claims director Bill Paton was last night acclaimed as the achievement award winner at the Post Claims Awards.
Greenberg to face civil fraud charges in New York
Hank Greenberg, former chairman and CEO of AIG and current CEO of insurer Starr, will need to stand trial for civil fraud charges in New York.
Mullins joins Chubb in Australia
Environment consultant Ian Mullins has joined Chubb to become environmental risk underwriter for Australia.
Swiss Re to offer cyber security cover
Swiss Re’s insurance unit has become the latest to offer “advanced” cyber cover for the UK.
Digital Insurance Collective: UK insurance industry is still operating on a 'basic' digital level
On the digital continuum the UK insurance industry is mostly operating in the ‘basic digital' space.
Digital Insurance Collective: Firms need to find new kings and queens to lead innovation
Insurers need to eliminate barriers and promote the customer over profit - no matter whether it is an “anathema” to the current status quo - to succeed in digital.
Revealed: FCA and PRA unprepared for a Brexit
The industry’s two main regulators have not carried out any formal review of the potential impact of a Brexit, an investigation by Post can reveal.
Floods in Germany and France claim lives
Heavy storms and flash flooding have seen four people die in Germany and one in France as flood waters swept through the region.
Half of motorists ‘unsure how insurance is calculated’
Motor insurance needs to be easier to understand, according to 86% of UK drivers, with 51% unclear how their insurer works out their policy.
Amazon and Google shaping insurer communications of the future
Purely digital retailers such as Amazon and brand giants like Apple are potentially having a huge impact on expectations of insurance policyholders.
Co-op GI CFO Kieran O’Keeffe returns to LV
LV has appointed Kieran O’Keeffe as finance director for general insurance, who is expected to join towards the end of the year.
Blottiere appointed COO of Axa Asia
Axa has appointed Marc Blottiere as regional chief operating officer for Axa Asia.
Munich Re subsidiary to axe around 1,800 jobs in Germany amid 'brutal' cost cutting
Munich Re’s primary insurance group, Ergo Group, has announced plans to lower its cost basis and inject a total net figure of €1bn to 2020, but 1,800 jobs will go as part of the changes.
Gable CEO to use 'private vehicle' to provide regulatory capital guarantee
Gable CEO William Dewsall said it would be “inappropriate” for Hogarth Underwriting Agencies to provide a £10m guarantee that would form part of Gable’s regulatory capital.
PIB acquires Channel Insurance Brokers
PIB Insurance Brokers has launched a presence in the Channel Islands with the acquisition of Guernsey-based Channel Insurance Brokers.
Markel’s Wayne Paternoster and Robin Ungless made redundant
Markel International’s joint managing directors of specialty Wayne Paternoster and Robin Ungless have been made redundant, following a wholesale business restructure of the insurer, Post can reveal.
RSA completes sale of Mexico business
RSA has completed the sale of its operations in Mexico to Suramericana, the Colombia-based insurance subsidiary of Grupo de Inversiones Suramericana.
UK's Hertzell urges Australia's insurers to share data to prevent fraud
David Hertzell, head of a UK government taskforce on insurance fraud, has urged Australia's insurers to share data to help reduce fraud.
In Depth: Wearable Tech: More science fact than fiction, but is there a wearable future for insurers?
As wearable tech becomes more mainstream, what are the risks for the industry?
Career development: DAS Law launches graduate academy with focus on PI litigation
Bristol-based DAS Law is launching an academy to offer practical, hands-on legal experience for law graduates and post graduates in the region
Claims Awards Asia: An inspirational win for Bajaj Allianz
Praveen Chhajed, vice president and head of non-motor claims at Indian insurer Bajaj Allianz, reflects on winning two awards at the Claims Awards Asia last year.
Independent Insurance: Reflections on the failure fifteen years on
Jonathan Swift speaks to former employees about the business and its legacy.
Penny Black's Social World - June 2016
Charity chops, dangerous driving and a rogue rouge