News
China Re readies for Hong Kong float
China Re has already been granted $1.12bn (£730m) worth of commitments for its Hong Kong share listing.
MA Assist scoops RSA property claims contract
Property claims and building repair specialist MA Assist has been appointed as sole supplier to RSA for repair fulfilment on property claims under £20,000.
Quiz of the week - 9 October 2015
Test your knowledge of the week's insurance news with Post's quiz of the week. don't forget to share your score using #postquiz
Mass chair takes swipe at insurers over pre-med offers for whiplash
The perception of whiplash as “easy money” is the fault of certain insurers making pre-medical offers, according to the chair of the Motor Accident Solicitors Society, who has questioned the extent to which claims management companies are fuelling fraud.
Hong Kong broker Latitude completes MBO from CGSC
Hong Kong-based marine insurance specialist Latitude Brokers has confirmed the management buyout of its shareholding previously owned by Cooper Gay Swett & Crawford.
Motor premiums in biggest rise for five years
Motor insurance premiums in the UK have risen 8.1% over the past 12 months, signalling the end of three years of declining rates, according to the latest Car Insurance Price Index from Confused and Towers Watson.
The ABI says the worst has been avoided in BEPS reforms
The Association of British Insurers says the revision of international tax rules could have had unintended consequences on insurers but its proposals helped avoid the worst.
GRP swoops on Gallagher and Towergate to make MGA hires
Global Risk Partners has hired Arthur J Gallagher’s underwriting director for e-underwriting Simon Lewer as chief operating officer of its managing general agent division.
NFU set to axe around 85 staff as part of service centre consolidation
Rural insurer NFU Mutual is to consolidate its nine regional service centres into two ‘centres of excellence for general insurance’ at the expense of around 85 roles across the UK.
RSA's Currie replaces Emms as non-exec chair of Thatcham
Insurers’ automotive research centre Thatcham Research has appointed RSA’s Ian Currie as chairman of its non-executive board.
Consultation on inadequate and under insurance launched by IBSC
Members of the Insurance Brokers’ Standards Council have been issued with a consultation paper asking what the role of the broker is in dealing with inadequate and under insurance.
Increasing number of homeowners overestimating value of possessions
Homeowners are spending more on insurance premiums than necessary because of unrealistic valuations of their possessions, according to data from the specialist financial services provider Wesleyan.
What you’ve been reading this week
A round up of the 10 most read stories on Post Online this week.
'The Go To Place' unveiled as theme for 2016 Biba conference
The British Insurance Brokers’ Association has selected ‘The Go To Place’ as the theme of its 2016 conference and exhibition to be held at Manchester Central on 11 and 12 May next year.
Travelers UK general manager Purvis 'taking a break'
Keith Purvis has stepped down from his role as Travelers UK general manager after almost 23 years at the insurer.
Backpacker medical claims up 150% as more young travellers snub insurance
The average cost of backpacker medical claims has increased by 150% over the past two years to £1640 per claim, according to findings taken from travel insurance specialist Columbus Direct’s claims data.
Catalina subsidiary snaps up Allianz Suisse Re
Catalina Holdings’ wholly owned Swiss subsidiary Glacier Reinsurance AG has signed a definitive agreement to acquire Allianz Suisse Re from Allianz SE.
Axis Capital axes retail division in Australia
Axis Capital has decided to close down its Australian retail insurance operations.
McLarens bolsters northern presence with Leeds casualty unit
Loss adjuster McLarens has launched a northern casualty unit to focus on developing its casualty business in the north of England and in Scotland.
Autonet increases profit by 13.1% in 2014
Autonet has reported operating profit of £9.5m for the year ending 31 December 2014, up from £8.4m over the course of 2013.
Claims Event: Live blog
The Claims Event took place in London on Thursday (8 October). If you want to see the best moments of the day, go through our feed.
QBE's private prosecution sees fraudster jailed
A fraudster has been given a 12 month custodial sentence as a result of a private prosecution launched by QBE.
Claimant on hunger strike outside DLG offices in Bromley
A disgruntled Direct Line Group customer has said he is willing to die outside the firm's Bromley office in a dispute over claims.
Bluefin commercial boss Thornton to reunite with Bruce at GRP
Bluefin commercial head Neil Thornton has been appointed as managing director of Global Risk Partners’ retail broking business.