News
Sydney hit by heavy hailstorm
A major hailstorm on Saturday (25 April) has damaged commercial property in Sydney causing some business disruption.
Death toll climbs after Nepal earthquake
At least 3218 people have died and 6500 people have been injured after a 7.8 magnitude shallow earthquake struck in Nepal over the weekend.
Zurich's Sharma has called on the industry to ‘be bold' but take a longer term view on pricing
Vibhu Sharma, CEO, UK general insurance for Zurich, has called on the UK insurance industry to be bold to match the world of commerce - but to also take a long-term view on pricing for retail, in his first comments since joining the UK market.
Broker survey finds confidence rising
The Sterling Insurance Group’s Annual Broker Survey has revealed continuing confidence among brokers for business prospects in 2015 and beyond.
Homer to join Cullum at Global Risk Partners
Former Towergate chief executive Andy Homer is to join forces with Towergate founder Peter Cullum at London market consolidator Global Risk Partners.
Quiz of the week - 24 April
Test your knowledge of the goings on in insurance this week with Post's just for fun quiz.
LV unveils new premier pet insurance policy
LV has launched a new premier pet insurance policy that will provide policyholders with cover of up to £10,000 for vet fees.
Compare Asia Group raises $40m for investment
Financial comparison site Compare Asia Group is set to expand after it raised $40m (£26.6m).
New South Wales storm claims rise to 24,250
There have been 24,250 insurance claims so far after this week's powerful storm in New South Wales.
Tripping claim fraudster given custodial sentence
A woman who attempted to claim £26,000 for alleged injuries sustained from a pothole trip was handed an 18 week custodial sentence and 240 hours of community service at the Blackpool Magistrates Court this month.
Apil president calls for compulsory PL cover
Association of Personal Injury Lawyers president Jonathan Wheeler has set his sights on securing compulsory public liability insurance in the UK in a bid to “drive up safety standards among public-facing businesses”.
Young drivers unaware of new drug laws, survey finds
One in five young car drivers are unaware of driving restrictions when on prescription medication, a new survey has found.
DWF and Watmores to merge
Legal firm DWF is to merge with niche insurance practice, Watmores, the duo have announced.
AIG reappoints Cunningham Lindsey as Tutoki fallout subsides
AIG has reinstated Cunningham Lindsey as a claims partner after dropping the loss adjuster last year over the latter’s appointment of Jane Tutoki as global CEO, Post understands.
Moorhouse issues apology over FCA findings
Moorhouse Group says it "deeply regrets" the findings of a Financial Conduct Authority investigation that resulted in a £159,300 fine for the company and has apologised to customers.
DAS and Paragon partner for legal protection
Legal expenses insurer DAS has partnered with Paragon International Insurance Brokers to provide legal protection for its policy for surgical professionals.
Doctor deregistered for false medical report evidence
A doctor was struck off the medical register for deliberately misrepresenting his medical experience and membership of professional bodies under oath and in medical reports supporting personal injury claims.
Gibraltar sees completion of first ILS transaction
Betting company Lottoland has become the first company to complete an insurance linked securities transaction in Gibraltar.
Moorhouse fined £159,300 for sales failures
Moorhouse Group has been fined £159,300 by the Financial Conduct Authority for failures around its telephone sales of commercial vehicle add-on insurance products during 2012.
Aspen ‘operating on all cylinders' in Q1
Aspen Insurance Holdings has reported a net income after tax of $128m (£85.5m) for the three months ended 31 March 2015 alongside a 7.4% increase in gross written premiums.
HSB names Stephen Morris chief underwriting officer
Specialist engineering and construction insurer HSB Engineering Insurance has appointed Stephen Morris as its new chief underwriting officer, subject to regulatory approval.
Axa and UNA Alliance strike Mini Fleet Choice deal
Axa Commercial Lines and Personal Intermediary has agreed a motor fleet deal with the UNA Alliance of brokers which should see the insurer realise approximately £4.5m of gross written premium over the next three years.
Cheung to leave Direct Asia for AIG
Adrian Cheung, regional head of actuarial, Direct Asia will leave the Hiscox-owned insurer and join AIG at the beginning of May.
Willis accelerates acquisition of French giant Gras Savoye
International broker Willis has offered €550m (£392m) to buy the remaining 70% stake it doesn't own of France giant Gras Savoye.