News
Trireme acquires Lloyd’s broker MGB
U.S. Risk Insurance Group subsidiary Trireme Insurance Group has purchased MGB Insurance Brokers for an undisclosed sum.
Analysis: Whiplash bill faces bumpy ride through parliament
Vocal opposition to the Civil Liability Bill is ramping up as MPs prepare to debate it in its second reading.
Swiss Re UK & Ireland CEO O’Neill steps down
Swiss Re UK & Ireland CEO Frank O’Neill is leaving the business to pursue another opportunity.
Markel snaps up Nephila in insurance-linked securities deal
Markel is to buy the world’s largest manager of insurance-linked securities, Nephila Holdings.
Campaign group slams ABI personal injury survey as 'worthless propaganda'
Exclusive: Access to Justice has unleashed a barrage of criticism over a survey commissioned by the Association of British Insurers, claiming it is “worthless propaganda”.
Vandendael to leave Lloyd’s and take up CEO role at Everest
Lloyd’s chief commercial officer, Vincent Vandendael, is to leave the Corporation after almost six years, moving to Everest Insurance as CEO of International Insurance in early 2019.
This week in Post: Do you know who's on the other end of the phone?
We have all experienced that heart-stopping moment when our phone rings and our eyes are greeted with the dreaded: "No caller ID."
Canopius teams up with Anvil on credit and political risk
Canopius has signed a partnership with credit and political risk managing general agent Anvil Underwriting.
Lloyd’s underwriters given go ahead to insure Canadian cannabis risk
Underwriters at Lloyd’s of London have been informed that they can underwrite Canadian cannabis risk.
Trans Re snaps up Maiden renewal rights as reinsurer plans to sell US arm
TransRe, the reinsurance arm of Transatlantic Holdings has acquired the exclusive renewal rights to all of Maiden Re's US treaty reinsurance underwriting business.
Champion boxer ordered to pay £13,000 to Axa for fundamental dishonesty
Three time Home Counties boxing champion Conroy Downer has been ordered to pay more than £13,000 in legal costs to Axa after he made a dishonest insurance claim.
Survey: Majority of public back personal injury reforms
Two-thirds of people feel “positive” about the proposed changes to personal injury compensation, a Consumer Intelligence survey commissioned by the Association of British Insurers shows.
AM Best: Flooding not wind biggest Hurricane Lane concern for insurers
In addition to insurers exposed to property risk, AM Best expects that motor insurers will see claims resulting from heavy rainfall.
Watchstone suffers Ogden hit, bulks up legal cost provisions
Watchstone has reported a pre-tax loss of £3.5m for the first half of 2018, with Ingenie still suffering from Ogden woes.
Updated: Ratings agencies split on Aspen reaction
Ratings agency Moody's has affirmed Aspen's rating following its $2.6bn (£2bn) deal with Apollo, while AM Best has placed it under review.
A museum of insurance: opening up the past to attract the future
When the Chartered Insurance Institute leaves Aldermanbury this month for a new home in the City, it will not be able to bring along many of the artifacts it has in storage. Post spoke to former president Reg Brown about how these could be rehoused in a…
Dual pricing hitting loyal home insurance customers
Loyal customers are being penalised for staying with an insurance provider, leaving thousands paying excessive home insurance premiums, according to Which?
Insurance worker jailed for defrauding ex-employers out of £129,000
An insurance worker has been sentenced to 26 months in prison for defrauding three different companies in the insurance industry worth £129,000.
Claims management company posing as ABI to scam public
The Association of British Insurers has issued a warning after scammers from a claims management company posed as the body in cold calls to members of the public.
THB courts UK retail brokers with MD appointment
Declan Durkan has been appointed manging director of THB UK Risk Solutions, in a move the firm says signals the group’s “renewed focus” on UK retail brokers.
Allianz Partners launches three new 'innovation centres'
Following the launch of its Automotive Innovation Centre in 2014, Allianz Partners has created three further 'innovation centres'.
Zhong An shoots five places up Chinese P&C rankings, underwriting hits continue
Zhong An is now the 13th top player in China’s property and casualty market. It has moved five places up the rankings since the end of 2017.
LMA names Navigators’ Cameron as CEO
The Lloyd’s Market Association has named Sheila Cameron, currently head of International Operations at Navigators Underwriting, as CEO.
Apollo snaps up Aspen in $2.6bn deal
Aspen Insurance has entered an agreement with investment manager Apollo that will see it sell all remaining shares in the business for $42.75 (£33.15) per share, a total of $2.6bn (£2bn).