News
Airmic 2015: Five things we learned from the Airmic panel debate
Often seen as nothing more than an opportunity for broker and insurer finger pointing, this year’s Airmic panel debate benefited from the presence of a risk manager in the form of BP insurance manager Lesley Harding.
Collier to join Berkshire Hathaway as head of claims Asia-Pacific
Tim Collier, former regional claims manager at Catlin Singapore, is joining Berkshire Hathaway Specialty Insurance later this year.
Home insurance market to be close to underwriting loss by 2016
Insurers are in danger of presiding over an underwriting loss in the home insurance market for the first time since 2007 if underlying profitability continues to be hampered by falling premiums.
Planned changes to salvage code categorisation criticised by BVSF
The British Vehicle Salvage Federation has criticised proposals to rework the salvage code of practice, describing plans to create a three category rule for written-off cars as “one of the worst failings” in the revised code.
Ropner hires Steve Jones as divisional director
Global Risk Partners- backed marine broker Ropner Insurance Services has recruited a senior team to support its growth in the marine trades and yachts segment.
South Korea offers tourists free Mers insurance
To help keep attracting tourists in the middle of an outbreak of Middle East respiratory syndrome, the South Korean government is offering free insurance.
Charles Taylor to replace Robson with Creasy as chairman
Former Kiln Group chairman Edward Creasy will replace Charles Taylor chair Rupert Robson following the release of the company’s half year results on 28 August.
CIS eyes 'role changes' following £55m tech deal
Co-operative Insurance Services has confirmed to Post there will be some “role changes” following the firm’s £55m deal with IBM to build an integrated insurance platform.
Insurance Telematics 2015: As it happened
Couldn't make it to the Insurance Telematics event in London? The Post team were blogging live from the event - find out what you missed.
IAG swaps premiums for Berkshire fee
Insurance Australia Group said its deal with Berkshire Hathaway will give it income stability and free up A$700m (£346m) of capital to pursue growth.
Lloyd's issues stark El Nino food supply warning
Lloyd's has commissioned research which shows the potential huge impact an El Nino year could have on the world's food supplies.
Industry committed to sharing economy despite Uber breach
The British Insurance Brokers' Association remains committed to the sharing economy, despite a breach in taxi company Uber's insurance document approval policy.
Pool Re to encourage non-members to offer mitigation credit
Pool Re hopes to convince non-member insurers to offer the 2.5% loss mitigation credit on premiums made available through a counter terrorism initiative launched by government yesterday (15 June).
Ex-Admiral employee guilty of trying to defraud her former company
A former Admiral member of staff has received a suspended custodial sentence for her part in a personal injury scam involving her ex-employer.
Airmic 2015: Airmic and Reputation Institute publish reputational risk guidance
Airmic and the Reputation Institute have released a step-by-step guide to managing reputational risk.
Harris Balcombe appointed to resolve war zone pipeline dispute
Harris Balcombe has been appointed by Korea Gas Corporation to resolve a pipeline construction loss in Iraq that is reinsured in the London market.
Geoff Carter resigns from Tesco Underwriting
Tesco Underwriting has announced the resignation of Geoff Carter, CEO, who will take up another senior position within the industry later this year.
Public support for Medco provides fillip for industry backers
Defence of Medco by insurers and the defendant legal community appears to have been vindicated by the public's support of the independent medical panel.
Video: Qualifications in the broking sector
As the regulator becomes more present in the insurance industry, the role of qualifications within the broking sector is looming larger.
Motorists back Medco as a force for driving down whiplash claims
The role of Medco as a tool to reduce the number of people lodging whiplash claims has been backed by 79% of 16,863 drivers polled by the AA.
Boards must be more active in delegated authority oversight
The boards of insurers that use delegated authority arrangements must take a more active role in their oversight, following the “warning shot” from the Financial Conduct Authority over such arrangements, compliance experts have cautioned.
Industry experts question Brindle's call to arms following Fidelis launch
Capital raising-ability and difficulties in obtaining a credit rating have been cited as barriers to other insurance companies emulating the business model employed by Richard Brindle's new $1.5bn (£964m) start-up Fidelis.
ABI calls for NIHL claims to go through Claims Portal
The Association of British Insurers has warned that thousands of people are being led to believe they can get compensation for hearing problems.
Greenberg wins AIG lawsuit but no payout
Hank Greenberg has won his four year lawsuit against the US government over the terms of AIG's bailout but Judge Thomas Wheeler awarded no damages.