News
The Claims Awards 2016 shortlist is out today
The Claims Awards shortlist is out today.
UK still long-term hotspot for shipping incidents
The British Isles, North Sea, English Channel and Bay of Biscay region is the area that has seen the most shipping casualties since 2006, according to Allianz Global Corporate and Specialty, despite total losses in the British Isles being down year-on…
ABI adds DAC Beachcroft as second associate member
The Association of British Insurers has added law firm DAC Beachcroft as an associate member, the second since the category was created by the ABI.
Axa chairman and CEO Henri de Castries to step down
Axa’s long-serving CEO and chairman Henri de Castries will retire and leave the board of directors on 1 September with the role to be split following his departure.
Three senior Asia AIG managers leave as insurer reduces costs
Post understands three senior Asia AIG managers have been made redundant as the insurer looks to reduce costs.
Lai promoted at Generali to Asia chief underwriting officer
Generali Global Corporate and Commercial has appointed Ken Lai as chief underwriting officer Asia, commercial lines.
Broker teams up with Australian Rugby Union for club risk management app
Sydney-based insurance broker Gow Gates has created a rugby club risk management app with the Australian Rugby Union.
Crawford unveils new international executive structure
Crawford & Company has announced a new international management structure including a shared services leadership team and an executive team.
Video: QBE European Operations CEO Richard Pryce
Speaking to Post news editor Callum Brodie, QBE European Operations CEO Richard Pryce gives his take on industry game-changers in 2016, while also providing an insight into his own organisation's strategy.
Quiz of the week - 18 March
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Crawford TPA Broadspire to be led by Sutcliffe as Clubley steps down
Crawford & Company’s third-party administration business Broadspire has replaced Margaret Clubley as managing director of its UK business with Ian Sutcliffe, former Crawford UK client relationships director.
Generali appoints Donnet as group CEO
Italian giant Generali has appointed Philippe Donnet, Generali's Italy country manager, as group CEO.
Lloyd's creates country manager role for India
Lloyd's has appointed Shankar Garigparthy as country manager for India.
Pressure tipped to rise on insurers' use of price optimisation
Insurers should think about the possibility of price optimisation being curtailed, a leading insurance ethicist has outlined in a Chartered Insurance Institute think piece.
NFU Mutual shrugs off £50m flood loss to post 83% 2015 underwriting profit
Rural insurer NFU Mutual delivered an 83.7% increase in underwriting profit to £281m in 2015 (FY 2014: £153m) despite suffering a £50m loss caused by flood claims at the tail end of last year.
Budget 2016: Insurers could be hit with higher tax under losses restriction
Firms with profits over £5m will be restricted in the amount of taxable profits they can offset as losses carried forward, according to an announcement in yesterday’s (16 March) Budget.
Gallagher's Agnew appointed LIIBA chair
The London and International Insurance Brokers' Association has appointed Andrew Agnew, managing director of specialty at Arthur J Gallagher, as its new chairman.
Ex-Marsh executive Julie Page returns to Aon
Julie Page will take up the UK national managing director role at Aon Risk Solutions, following her departure as CEO of consumer and commercial at Marsh last year.
Markel launches fintech protection
Markel International has launched a policy that offers protection for businesses operating in the fintech sector.
VIG plans for growth as €172m preliminary profit announced for 2015
Vienna Insurance Group has targeted at least 10% growth in Poland, Hungary, Croatia and Serbia over the medium term as the company announced a €172m (£134m) preliminary profit before tax for 2015.
Admiral’s Engelhardt says 'thank you' to employees with £7m in cash
Admiral CEO Henry Engelhardt will mark his retirement in May by giving away £7m of his own money to employees.
ECJ decides claims handling should be subject to VAT
Insurers and policyholders could be facing increased costs following a European Court of Justice decision that claims handling was not within the scope of the VAT exemption for insurance-related services.
QBE to move on from England sponsorship with new sporting deal
QBE will unveil a new sporting sponsorship deal next month following the expiry of its partnership with England Rugby last year, Post can reveal.
Integro snaps up Lloyd's broker CSWH
International insurance broker and risk management firm Integro has acquired Lloyd’s broker Croton Stokes Wilson Holden.