News
Timothy Benn, who as chairman of Timothy Benn Publishing owned Post from 1985 to 1997, has passed away aged 82.
Timothy Benn, who as chairman of Timothy Benn Publishing owned Post from 1985 to 1997, has passed away aged 82.
MS Amlin stops underwriting aviation insurance
MS Amlin will cease underwriting aviation insurance renewals and new business, and will manage the run-off of the book internally, rather than outsourcing it under a reinsurance to close arrangement.
Tesco to buy out Ageas from insurance joint venture
Exclusive: Tesco has notified the Ageas UK board that it is likely to end its decade long home and motor insurance relationship next year, Post understands.
Complex supply chains increasingly under strain: Airmic
Developments in geopolitics, climate and technology are increasingly putting supply chains under strain, the Association of Insurance and Risk Managers in Commerce has warned.
PIB’s Q Underwriting forms MGU
Q Underwriting, PIB’s underwriting division, has created a managing general underwriter and hired UK General’s former chief commercial officer as it makes management changes.
Clone firm’s website remains live despite FCA warning
The Financial Conduct Authority has issued a warning about scammers using an authorised firm’s name to trick consumers via a website.
Land developers face heightened contract cancellation risk, following court judgement
Land developers face an increased risk of public contract award cancellations, following a court judgement last year that struck down a contract between a developer and West Berkshire council.
European firms have until 30 October to secure no-deal Brexit permits
European firms passporting into the UK need to notify the Financial Conduct Authority that they wish to enter the temporary permissions regime by 30 October in order to ensure they are able to continue operating in the event of no-deal Brexit, the…
This week: All at sea
The fraudulent claims we’re used to hearing about involve banged-up cars and invented cases of whiplash. Ones involving oil tankers, pirates, the Admiralty Judge, and statements given in places as far-flung as Aden and Manila are somewhat harder to come…
Beazley appoints head of corporate development
Beazley had appointed Rachel Turk as a head of corporate development, following the retirement of Mark Goodman.
HDI Global Specialty hires former RSA commercial finance director
Simon Hunt, former RSA finance director for commercial, has joined HDI Global Specialty UK.
London company market premiums written in Europe on the rise
Gross premiums written in London by the company market increased 6.7% in 2018, reaching £19.56bn, according to the International Underwriting Association.
Millions unaware of post-Brexit green card requirement
UK motorists are unaware of the legal requirements to drive in the European Union if we leave Europe without a deal, warn insurers and brokers.
Gefion gets €6m capital injection at ‘crucial point in time’
Unrated Danish insurer Gefion has finally secured an additional €6m (£5.4m) capitalisation for the business following regulatory action in July.
Lloyd’s of London chairman joins insurtech Cuvva
UK-based insurtech startup Cuvva has appointed Bruce Carnegie-Brown as chairman, effective immediately.
Rising Star: Lucy Horrocks, Markel UK
Having joined Markel as an underwriting administration assistant as a law graduate in 2015, Lucy Horrocks has gone on to help get the insurer's award-winning prompt response team off the ground.
CFC's focus remains on organic growth following its first acquisition in 20 years
CFC Underwriting made its first acquisition in its 20 year history yesterday when it bought Solis Security, but the purchase will not mark a change in its acquisitive appetite, CFC chief innovation officer Graeme Newman told Post.
Insurers respond to Finsbury Park flood claims
Insurers have begun responding to claims after a burst pipe led to flooding in Finsbury Park.
CFC makes first acquisition in 20 years as it buys Solis Security
CFC Underwriting has bought Texas-based incident response provider Solis Security, marking the company’s first acquisition in 20 years.
David Christmas steps into head broker sales role at Fraser Edmond’s Broker Insights
David Christmas, former director at Bennett Christmas, has joined Broker Insights as head of broker sales and development.
Victory for insurers in $77m 'pirate attack' fraud case
A High Court judge has ruled that insurers do not need to cover the cost of an alleged pirate attack on an oil tanker because the ship’s owner was responsible for the incident.
Insurers warned on solvency and run-off as Gibraltar regulator airs 'reputational damage’ fears
Insurers in Gibraltar must be aware of their financial position "well before" a solvency breach occurs, the regulator warned as it revealed a clampdown.
Acquisitions eat into Seventeen Group's 2018 profits
Seventeen Group, which includes brokers James Hallam and MGA Touchstone Underwriting, saw its pre-tax profits dip by 36% to £812,716 in 2018.
Allianz and LV wrap up transfer of commercial business
Exclusive: The transfer of commercial and personal lines business between LV and Allianz has been completed, with the exception of a “small number” of schemes policies.