News
Towergate Underwriting welcomes LV Broker to home syndicate
LV Broker has joined Towergate Underwriting’s home syndicate alongside Allianz, in an agreement that will run for an initial term of five years and is expected to be worth more than £110 in gross written premium.
IUA warns insurers over imminent tax changes
The International Underwriting Association has warned that the insurance industry will be affected by a global reform of tax systems.
Rehabilitation First Awards 2015 shortlist revealed
The shortlist for Post’s annual Rehabilitation First Awards has been unveiled ahead of the 11 September ceremony.
CFC partners with security ratings firm Bit Sight
Specialist lines underwriting agency CFC has formed a partnership with cyber security ratings agency, Bit Sight Technologies.
Claims Conference Asia: Q&A with Derek Martin
Derek Martin a senior member of Zurich's Asia-Pacific claims team talks to Post ahead of his speaking slot at the Claims Conference Asia - Singapore.
More mega mergers expected as low interest rates and investment returns fuel M&A
Weak investment returns and ongoing soft market conditions have been cited by AM Best as driving factors behind an uptick in acquisitions activity among insurance companies that are seeking to deploy capital and create scale.
AJG buys 65% stake in Columbian energy & construction specialist
Arthur J Gallagher has extended its investment in Latin America with a 65% stake in independent Colombian energy and construction specialist Arm Re.
Lifting of Iranian sanctions piques interest from German and French insurers
German and French insurance companies are ready to build bridges with Iran after the former pariah state struck a historic nuclear deal with six world powers, according to reports emanating from the Middle East.
Nangka storm unlikely to cause 'significant structural damage' in Japan
Japanese residents and business have been left reeling after the onset of the Nangka typhoon resulted in flooding rain and damaging winds sweeping the country last week, although structural damage is expected to be limited.
UK General CEO says its 'early days' on schemes business approaches
UK General has not made a decision on any sale of its schemes business, according to CEO Peter Hubbard.
Rias warns against lack of cover for summertime lightning strikes
Homeowners should ensure their properties are adequately covered against the threat of summer lightning strikes, over-50s insurance specialist Rias has advised.
Six-strong 'crash for cash' gang guilty of £5.6m fraud
A ‘crash-for-cash’ gang who attempted to con UK insurers out of £5.6m have been found guilty of conspiracy to defraud following a five-week trial at Isleworth Crown Court.
Rural CEO Barclay sets sights on becoming £100m GWP business
UK General-owned Rural is aiming to become a £100m premium business and wants to empower its brokers to take on major rival NFU Mutual in the process, according to CEO Ian Barclay.
FCA boss Wheatley to step down in September
Martin Wheatley will step down as CEO of the Financial Conduct Authority from 12 September, with executive board member Tracey McDermott leading the regulator for an interim period while a search for a long-term successor is carried out.
Gallagher acquires renewal rights from Coventry-based broker
Arthur J Gallagher has acquired the renewal rights to the commercial and personal lines portfolio of independent Coventry broker Pinnock Bell.
MoJ considers Medco overhaul two months after ruling out 'fundamental changes'
The Ministry of Justice has said it will consider reforming the Medco portal just two months after it told Post it was too early to consider "fundamental changes" to the medical reporting system.
33% of Britons receive more claims calls than from friends and family
The average UK household faces a “deluge” of 468 cold calls a year, according to research by LV, which has highlighted the role of claims management companies in the rise of nuisance correspondence.
Insurance quiz of the week - 17 July 2015
Budget boffin or disaster dunce?
Firms relying on extended payment terms, Euler Hermes finds
UK companies are relying on extended payment terms to finance growth and investment to fuel the economic recovery, according to new research from credit insurer Euler Hermes.
Older consumers want mobile purchasing option reveals survey
Insurers targeting digital propositions at millennials could be missing a large untapped market of tech-savvy older consumers, according to a new report.
Brian Shea appointed head of Europe at WCMA
Willis Group Holdings has hired Brian Shea as head of Europe for Willis Capital Markets & Advisory, the firm's insurance investment banking division.
Insurance Institute of Hong Kong agrees merger with CII
Professional body the Insurance Institute of Hong Kong has voted to merge with the Chartered Insurance Institute.
Footballer's fundamentally dishonest whiplash case tossed out
A semi-professional footballer's claim for whiplash has been thrown out of court for being fundamentally dishonest.
Cobalt boss heralds London as Islamic insurance hub after portfolio win
Shariah compliant underwriting agency Cobalt Underwriting has secured a major property portfolio placed by Lockton’s real estate and construction practice.