News
Interview: James Long, Criterion MD
James Long assumed the position of managing director at Charles Taylor-owned loss adjuster Criterion in 2018, after 6 years at the company. He spoke to Post about the challenges the high net worth sector is facing, as well as predictions and plans for…
CII ready to be 'held to account' over corporate chartered status refresh
The Chartered Insurance Institute is ready to be held to account, having rolled out its priorities for refreshing corporate chartered status last year, professional standards director Melissa Collett told Post.
GRP adds Birrell Group as Midlands hub
Global Risk Partners has taken a majority stake in the Birrell Group, based in Lutterworth, Leicestershire. The group consists of Kingsway Insurance Services and Bausor Hall Associates.
Gallagher takes full ownership of Capsicum Re
Gallagher has taken full ownership of reinsurance broker Capsicum Re in a deal that will see its former CEO Grahame Chilton return to the company.
Ex-RSA boss Steve Lewis resurfaces as CEO of insurance consultancy
Former RSA UK and international CEO Steve Lewis has been appointed as CEO of insurance and reinsurance services provider and consultancy Pro Global, effective 1 February.
Allclear appoints Cameron Jack as group CFO
Allclear has recruited Cameron Jack as group chief financial officer from retail group TFG London where he spent five years as CFO.
Australian bushfire insurance losses surpass £500m
Insured losses resulting from bushfires ravaging the Australian states of New South Wales, Victoria, Queensland and South Australia are estimated to have reached A$995m (£524m), according to the Insurance Council of Australia.
Travelex has not reported a data breach to the ICO
Foreign exchange currency provider Travelex, which has been hit with a ransomware attack, has not reported a data breach, the Information Commissioner’s Office has said.
Beazley puts UK regional marine book into run-off
Beazley has placed its UK regional marine book into run-off, citing pressure from low margins, following a strategic review.
ICO fines Dixons £500,000 over cyber attack
Dixons Stores Group has been fined £500,000 following a cyber-attack which affected at least 14 million people.
This week in Post: Back to business
With the holiday break over, this week has seen people across the UK – some somewhat sluggishly – get back to business.
BHIB launches online freelancers brand Create Insurance
BHIB has rolled out Create Insurance an online offering targeting freelancers in the creative industries, from photographers to script writers.
Somerset Bridge adds Beazley and ex-DLG leaders as NEDs
Arron Banks’ Somerset Bridge Insurance Services has appointed Christine Oldridge and Damian Arnold as non-executive directors.
Thomas Cook collapse drives bad debt claims to record levels
Trade credit insurers received a record £271m in claims during the third quarter of 2019, driven by the demise of Thomas Cook, according to the Association of British Insurers
Radius Payment Solutions confirms redundancies as it pivots insurance operations to Sheffield
Exclusive: Radius Payment Solutions has made a Crewe-based team within its insurance division redundant as it looks to consolidate its insurance operations in the offices of Sheffield-based Burley Group, which it acquired last year.
Insurers need to address ‘significant risks of harm’, says FCA
Several “significant” key risks of harm have been highlighted by the Financial Conduct Authority in an update to insurer boards.
Ransomware attack victim Travelex has cyber insurance
Foreign exchange provider Travelex, which has been offline since New Year’s Eve after a cyber attack, has cyber insurance in place.
Gefion ordered to correct reporting error
Unrated Danish Gefion Insurance has been ordered by the Danish Financial Supervisory Authority to publish information supplementing or correcting the company’s 2018 annual report, after it was adjudged to have wrongly recognised the value of a…
Integro rebranded as Tysers and RFIB deal completes
Integro has completed the rebrand of its trading names as Tysers, having bought the broker in June 2018.
McLarens appoints UK construction and engineering head
McLarens has appointed Mark Simmons to head up UK construction and engineering team, replacing Peter Scott who moves into the new role of construction and engineering technical lead.
CII warns regulators that 'digital breadcrumbs' can’t replace human insight
The Chartered Insurance Institute has urged regulators to take caution as they adopt an increasingly data-driven approach to policing the financial services sector, warning “digital breadcrumbs” can’t replace human insight.
Rightindem appoints Amanda Blanc as chair
Amanda Blanc has joined digital claims provider Rightindem as non-executive chair of the board of directors.
Esure appoints CFO
Esure has appointed Peter Bole as chief financial officer, succeeding interim CFO Steve Long who held the position since January 2018.
FCA unveils reforms to become highly data-driven
The Financial Conduct Authority has refreshed its Data Strategy, first published in 2013, and set out a “transformation plan” to become a highly data-driven regulator.