News
China regulator starts taskforce for Yangtze cruise disaster
The China Insurance Regulatory Commission has launched an emergency taskforce after a ship carrying 458 people capsized in the Yangtze river last night (1 June).
BP Marsh increases profit to £4.9m for 2014
Niche venture capital provider BP Marsh & Partners posted profit after tax of £4.9m for the year to 31 January 2015, its audited financial results showed.
Aon Risk Services research finds SMEs ignoring internal risks
Small business leaders in the UK are more concerned with the impact of market and political risks than internal ones, according to new research from Aon Risk Solutions.
Hiscox CEO Masojada takes on NED role at Pool Re
Pool Re has appointed Hiscox CEO Bronek Masojada as non-executive director for the government-backed terrorism scheme.
Due diligence failings revealed by FCA’s delegated authority review
Many insurers and intermediaries are not adequately considering their regulatory obligations under delegated authority arrangements, according to the Financial Conduct Authority.
Disaster Response Forum 2015: As it happened
Couldn't make it to Post's Disaster: Risk and Response forum in London? Find out what went on with our blog.
Tourist dies in Thailand after uninsured bungee jump
A 25 year-old Kuwaiti has died after his bungee jump in Phuket ended tragically on 20 May.
Australia's insurers swamped by 160,000 claims from April and May storms
Australia's insurers are counting the cost of April and May after their insurance claims surpassed A$1.55bn (£780m).
Dickson to lead DAC Beachcroft's claims division
Craig Dickson has been appointed CEO of DAC Beachcroft's claims solutions group, replacing Bill Paton who resigned in November 2014.
IRS contributes half of Lark's turnover growth
Turnover at Lark Group rose 6.5% for the 12 months ended 31 December 2014 to £26.1m (2013: £24.5m).
Brendan McManus confirms new PIB role
Brendan McManus has confirmed that he is to join Chris Giles-backed broker start-up PIB.
Willis completes Miller deal
Willis Group Holdings has completed its deal with Miller Insurance Services after receiving the necessary regulatory approvals.
Sterling to transfer to Covéa as Sweeney steps down
Sterling Insurance is to be fully transferred into Covéa Insurance with the process expected to complete by the end of 2015.
Marsh aims to quickly 'accelerate' SMEI growth following purchase
Marsh's latest acquisition is part of an "accelerate and grow strategy" and the broker will look to quickly scale up the SME Insurance Services business.
Independent's creditors vote on scheme
Scheme creditors of the collapsed Independent Insurance Company have voted on a proposal that would provide an alternative to liquidation.
UK General seeking additional capacity after commercial rebrand
UK General has rebranded its commercial division as One Commercial with plans to consolidate its relationship with 350 independent brokers.
Marsh bolsters SME capability with purchase of Leeds broker
Marsh has reached a definitive agreement to acquire Leeds-based independent broker SME Insurance Services.
ABI reiterates support for young driver curfew as part of safety campaign
The Association of British Insurers has reiterated its call for a night-time curfew for young drivers to be implemented as part of a wider campaign for the introduction of graduated driving licences.
Barbon signs RDG as let property claims handler
Barbon Insurance Group has appointed Ryan Direct Group as claims handler for its let property book of business in a three-year deal.
Deloitte Asia-Pacific managing director hails "tremendous" growth potential
Deloitte has appointed Yoichiro Ogawa, deputy CEO of Deloitte Japan, as global managing director for Asia-Pacific.
Axa's Indian investment increases given final approval
India's Foreign Investment Promotion Board and the Competition Commission have approved Axa's move to increase its stakes in two Indian insurers.
Gallagher refutes Mark Mugge's surveillance claims
Arthur J Gallagher has conceded that it did carry out surveillance on former CFO Mark Mugge, but has insisted that it was within its rights to do so.
Ross 'authorised surveillance' on AJG employees
Former Arthur J Gallagher International CEO David Ross authorised surveillance of Gallagher employees during his time at the firm, according to AJG's defence to his counterclaim in the ongoing court proceedings.
Dewsall dismisses Gable share slump after 2014 loss
The drop in Gable Holdings' share price following the release of its 2014 annual results statement does not concern CEO William Dewsall who is targeting at least £100m gross written premiums for 2015.