News
Q3 nat cats accelerated plans for Ascot Re, says Brooks
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Jelf and Bluefin combined business to rebrand as Jelf
Marsh has revealed that its combined Jelf and Bluefin business will begin rebranding as Jelf from early next year.
Broker saw 5000% home insurance surge in lead up to Ophelia
Broker Cover Builder saw a 5284% surge in home insurance sales in the minutes leading up to storm Ophelia.
Peter Barrett appointed as chairman of Digital Risks
Peter Barrett has been appointed chairman of digital broker, Digital Risks, as it plans to expand across the UK and internationally.
Gallagher appoints James Anderson to head up Rossborough Insurance
Arthur J Gallagher has appointed James Anderson as group managing director of Rossborough Insurance, its Jersey-based personal and commercial lines broking business.
Chubb and PICC form global partnership
Global insurer Chubb and state owned Chinese insurer PICC P&C have signed a 10 year global cooperation agreement.
Mapfre Re to open Tokyo office
Spanish reinsurer Mapfre Re is opening up a representative office in Tokyo on 1 December.
Ophelia to cost industry €60m, says Perils
Catastrophe loss analysts Perils has pegged the market loss for Ex-Hurricane Ophelia which battered the coast of Ireland, at €60m.
Brit launches third-party capital backed specialty reinsurer
Specialty insurer Brit has launched a specialty reinsurance platform, Scion Underwriting Managers, which will take advantage of both Brits own balance sheet, other markets and third-party capital providers.
Ascot launches Bermuda-based reinsurer
Global property & casualty underwriter Ascot has launched a reinsurance business in Bermuda.
Allianz launches takeover bid for Euler Hermes
Allianz will aim to buy the remaining portion of Euler Hermes for €1.85bn (£1.65bn).
Belot appointed head of South East Asia for Swiss Re Corporate Solutions
Swiss Re's insurer Swiss Re Corporate Solutions has appointed Didier Belot as head of South East Asia.
Zurich identifies Hong Kong protection gap
Global insurer Zurich has warned Hong Kong's workers need greater protection for being off work as a result of illness or injury.
Bali airport closed as volcano alert is raised to highest level
Thousands of holidaymakers are stranded on the Indonesian island of Bali today as the authorities closed the only airport.
Generali hires de Broize in Asia
Italian insurer Generali's Asia arm has hired Bruce de Broize as head of distribution for Asia.
AGCS hires in Jakarta
Allianz's business-focused arm Allianz Global Corporate Solutions has appointed two underwriters within Allianz's Indonesian operation.
BGL spent £4.4m on compliance ahead of now-abandoned IPO
Exclusive: Compare the Market owner BGL spent £4.4m on compliance ahead of a planned stock market float that now will not happen.
Boss of nuisance call CMC given seven year ban from starting new companies
The boss of a claims management company that made 6.4 million automated calls has been banned from acting as a director for seven years.
Post Claims Club: Insurers urged to fix dual pricing or face possible price capping
Insurers will have to find an industry-wide solution for dual pricing before the Insurance Distribution Directive comes into effect, or face possible price capping being forced upon them by the regulator.
Burglary victim sentenced after ‘grossly exaggerating’ claim
A man who “grossly exaggerated” his burglary claim to insurers to the tune of £40,000 has been handed a nine month suspended sentence.
Week in Post: All hail Captain Side Parting
This year’s Budget was rewarding for many reasons: a freeze on insurance premium tax, an increase in research funding for driverless cars, and a dig at Jeremy Clarkson.
Post Claims Club: Industry poised for increased technology integration in 2018
The claims space in 2018 could see a further rise in the integration of Artificial Intelligence and an increase in cyber risks, according to senior industry heads.
UK P&I Club sets up post-Brexit hub in Netherlands
The UK P&I Club has set up a post-Brexit European hub in the Netherlands.
Aviva announces equal parental leave for staff
Aviva has announced a group-wide policy to offer men and women equal parental leave.