News
Updated: QBE claims boss replaces Ashton West at helm of MIB
Ashton West OBE is to retire as CEO and executive director of the Motor Insurers’ Bureau, being replaced by former QBE group chief claims officer Dominic Clayden.
Esure's profit up 35.6% at full-year
Esure has reported a pre-tax profit of £98.6m for the year ending 31 December 2017.
China-backed hackers can cause insurers 'extensive' losses
China-backed hackers have the technical capabilities to cause insurers extensive losses, a consultant warned.
Urban Jungle to offer home sharing insurance
Insurtech start-up Urban Jungle has launched tenants' liability insurance for renters and is planning to release a number of other products in the coming months.
Fight against hackers is like 'Cold War on steroids'
The cyber security and insurance industries are focusing too much on products and neglecting the human factor that is at play in 95% of data breaches, a conference heard.
GRP hires Clive Nathan as CEO of MGA division
Global Risk Partners has appointed Clive Nathan as CEO of the group’s managing general agent division.
Channel, Canopius and LSM join forces on trade credit platform
The Channel Syndicate and Canopius will join Liberty Specialty Markets in forming a consortium to provide capacity for Toredo, an online platform for single situation trade credit insurance.
RSA director of motor and injury claims Ian Currie set to retire
Exclusive: RSA director of motor and injury claims Ian Currie is set to retire at the end of the month.
Updated: Motor claims from Beast from the East could hit £33m
The industry is counting the cost of ‘the Beast from the East’, with motor insurers in particular facing claims of up to £33m.
Insurers celebrate National Apprenticeship Week
Insurers are celebrating National Apprenticeship Week by creating hundreds of roles and showcasing their apprentices.
Theresa May says UK will abandon passporting post Brexit
Prime Minister Theresa May said the UK will abandon passporting when it leaves the European Union.
Alpha Insurance in liquidation, blames CBL
Alpha Insurance has placed itself into solvent liquidation as a “direct consequence” of the failure of CBL Insurance.
Axa can do what Catlin could not: XL CEO
An XL Group under Axa would provide the Bermuda-based specialty insurer with the scale and competitive edge that it failed to achieve from the landmark Catlin acquisition, XL’s CEO said.
Axa to buy XL for $15.3bn
Axa has entered an agreement to acquire 100% of XL Group for $15.3bn (£11.1bn).
This Month In Post: Truth or dare on cyber
At the ABI annual dinner on Monday, as guests at my table predicted future insurance trends, I was struck by a suggestion. People will want to protect their most precious belongings and, in 10 years’ time, that will be their personal data, a KPMG partner…
Senior director leaves in UK General restructure
Exclusive: A senior director has left UK General and further roles are at risk as the group moves to restructure its sales team.
Calling all brokers: Insurance Post brings back biennial survey
Insurance Post has launched its 2018 UK Broker Survey and we need your input on the key issues facing the industry.
Chubb says it shouldn't pay for Weinstein's court defence
Chubb has asked a court to recognise it does not have to provide coverage for the defence of producer Harvey Weinstein in connection to 11 sexual harassment lawsuits.
UK brokers warned over unrated insurers following action on Danish carrier
Brokers have again been warned against using unrated carriers following solvency difficulties at Danish carrier Alpha Insurance.
Axa to launch multiple lines through insurtech Brolly
Exclusive: Axa is planning to provide multiple lines through Brolly following a tie-up with the insurtech.
Compass to retain brand after acquisition by Towergate owners
Exclusive: Compass Broker Holdings will retain its own brand after being acquired by HPS and Madison Dearborn Partners, executive chairman Alex Alway has confirmed.
Hastings confident of continued growth following strong results
Hastings is confident it will reach three million customers during 2019 following strong 2017 results.
Julie Page to take over as Aon UK CEO
Aon UK has promoted Julie Page as its new CEO and chosen Dominic Christian as global chairman of Aon Benfield.
Penny Black's Social media roundup for March 2018
Music and mental health plus piazzas and pancakes