News
Biba recruits Abbey Legal for advice helpline
The British Insurance Brokers’ Association has launched a new legal advice line for members, run by Abbey Legal Protection.
Brit launches Bermuda SPV for catastrophe capacity
Speciality insurer Brit has created a new special purpose vehicle to provide capacity support for its property treaty portfolio for 2015.
Kennedys strengthens China presence with Anjie deal
International law firm Kennedys has strengthened its market position in the People’s Republic of China by entering into a co-operation agreement with Chinese law firm Anjie.
Ageas completes £197m sale of Ageas Protect to AIG
Ageas has completed the sale of its 100% shareholding in Ageas Protect Limited to AIG for £197m.
Quindell enters 'exclusivity arrangement' over potential sale
Beleaguered insurance outsourcer Quindell is in talks over the possible disposal of a number of its operating business in order to generate cash.
Reinsurers forced to adapt models as rate pressure continues at January renewal
Tough times continued for reinsurers at the 1 January renewals as rate reductions, low investment returns and the continued influx of alternative capital offered little respite for struggling firms, according to the latest report from Willis Re.
MIB's West and Hughes Insurance founder awarded OBEs
Motor Insurers' Bureau CEO Ashton West has been made an Officer of the Order of the British Empire in the Queen's New Year's Honours List.
Allianz leads hull and liability policy for Air Asia jet
Allianz is the lead reinsurer on the hull and liability policy for the stricken Air Asia jet which crashed last week, Post understands.
US private equity firm among parties gearing up for Towergate bid
New York-based private equity firm Apollo is planning a bid for Towergate after purchasing some of the beleaguered brokers senior loans.
Helvetia president Walser passes away unexpectedly
The president of the board of directors of the Helvetia Group, Erich Walser, unexpectedly passed away on 30 December 2014.
Prudential finance director James joins Admiral board
Admiral has appointed Prudential's finance director Penny James as a non-executive director.
ALC Health CEO awarded MBE
Sarah Jewell, founder and CEO of international medical insurance provider ALC Health has been awarded a Member of the Order of the British Empire in the New Year Honours list.
Elite cites 'fantastic growth potential' as it launches French office
Niche lines insurer Elite has signalled its intention to grow in the French market with the opening of an office in Paris.
Insurance Claims Review of the Year 2014 - updated
Having asked the Post Claims Club advisory board for their views on 2014, and hopes for 2015 this is how a number responded.
Merry Christmas from Post
Incisive Media's offices are now closed until 2 January 2015 for the festive period.
Henderson Insurance Brokers records 8.7% turnover hike
Henderson Insurance Brokers posted an 8.7% increase in turnover to £24.5m for the financial year ended April 2014.
A&A reports £4.5m loss for 2013
Personal lines broker A&A Group has posted a pre-tax loss of £4.5m in 2013, compared with a profit of £1.17m for the previous year.
Insure The Box sales clears the way for XL takeover of Catlin
Catlin’s sale of Box Innovation Group to Aioi Nissay Dowa clears the way for its own acquisition by XL, although shareholders may need to be placated according to analysts.
XL Group responds to food & beverage risk management needs with integrated solution
XL Group has launched its integrated insurance solution developed specifically for the food and beverage industry.
Global interest in cyber boosts CFC Underwriting profit by 30%
Cyber specialist managing general agent CFC Underwriting has grown its operating profit 31% and profit before tax 30% according to its latest financial statement for the year ended 30 September 2014 filed with Companies House.
Brockman hopes to be ‘last man standing’ after ITB manufacturer link-up
The partnership with Japanese insurer Aioi Nissay Dowa should prolong the life of Insure The Box as motor insurers become steadily obsolete, according to founder Mike Brockman.
Delays with insurer deals hits Towergate's figures as acquisition discussions continue
Towergate has revealed its income fell by 4% in final two months of the year compared with the equivalent period in 2013, with income from acquisitions partly offsetting the decline in organic income.
Towergate completes sale of Hayward Aviation to JLT
Towergate Insurance has completed the the sale of Hayward Aviation to Jardine Lloyd Thompson for a net cash consideration of approximately £23m.
ITB and Aioi Nissay Dowa are “marriage made in Heaven” says Brockman
The CEO and founder of telematics specialist Insure The Box has described the relationship with its prospective Japanese investment partner as a “marriage made in heaven”.