News
FCA's Adamson exits regulator amid structural overhaul
Financial Conduct Authority supervision director Clive Adamson is to leave the regulator as part of wider structural changes within the organisation.
Insurers challenge 'wait and see' image and take action on technology
Insurers are increasingly looking to invest in or acquire digital start-ups to provide the expertise they need to pursue their ambitions in this sector, according to market insiders.
Former LAS manager Hogarth handed North America remit
The most senior remaining member of LAS’s management team has been handed a promotion at Innovation Group, taking on product development for North America.
One in five London insurers ‘materially reliant’ on investments to turn a profit says PWC
20% of London market insurers will require solid investment returns in order to record a profit through to 2015, according to PWC, who point to a continued abundance of capacity dampening rate increases.
Jelf network Purple reaps benefits of market 'turmoil'
Jelf Group CEO Alex Alway says current "market turmoil" has benefited the company's broker network Purple Partnership.
LV extends Nationwide motor contract
LV has completed a deal to further extend its partnership with building society Nationwide on car insurance products.
Quindell recruits PWC for accounting review
Insurance services firm Quindell has appointed PWC to conduct an independent review of accounting policies and forecasts for cash generation.
Jelf Group insurance revenues rise 14.4%
Jelf Group has seen revenues from its insurance business grow 14.4% to £55.2m for the year ended 30 September 2014.
Towergate sells Hayward Aviation to JLT for £27m
Jardine Lloyd Thompson Group has bought Towergate's Hayward Aviation for £27m.
Ageas UK and Tesco Bank extend underwriting partnership
Ageas UK and Tesco Bank have extended their Tesco Underwriting partnership with Ageas UK CEO Andy Watson saying the commitment underlines the strength of the collaboration.
Esure buys remaining Go Compare stake for £95m
Esure has purchased the remaining 50% stake in aggregator Go Compare for £95m giving the price comparison website a valuation of £190m.
Gallagher buys two brokers in Australia
Arthur J Gallagher has continued its expansion in Australia with the purchase of two brokers for undisclosed sums.
Gallagher invests in joint venture with major Chinese broker
Arthur J Gallagher will invest in a new reinsurance broker with Jiang Tai Insurance Brokers in the Shanghai free trade zone.
Three dead in Philippines' typhoon
Typhoon Hagupit has been responsible for the deaths of three people in the Philippines after a weaker than expected storm.
Bradford man who staged accidents receives suspended sentence
A fraudster who deliberately slipped on a wet bakery bag in a Lidl supermarket so he could make a bogus personal injury claim to AIG worth £10,000 has received a suspended prison sentence.
Call centre enquiries most profitable, research finds
More than two thirds of brokers say telephone enquiries generate the most profitable sales, according to a survey from Callstream.
Ex-soldier and wife jailed for falsely claiming son was blinded
A husband and wife who conned AIG out of £70,000 by claiming a bicycle accident left their young son blind in one eye have both been sentenced to 12 months in prison for fraud.
Video: Capsicum Re founding partner Grahame Chilton
Capsicum Re founding partner Grahame Chilton talks to Post reporter Katie Marriner.
Australian familes to bring MH17 lawsuit in ECHR
Eight Australian families are preparing to bring a joint-suit against Russia, Ukraine, Malaysia and Malaysia Airlines regarding the downing of the stricken Malaysia Airlines flight MH17.
Gary Duggan quits Paymentshield
Paymentshield CEO Gary Duggan is exiting the business to take up the position of managing director of Junction, part of the BGL Group.
Airmic, Biba and Bila to provide evidence to Insurance Bill committee
The special committee convened to scrutinise the Insurance Bill will hear evidence from the Association of Insurance and Risk Managers in Industry and Commerce, the British Insurance Brokers’ Association, and the British Insurance Law Association.
Brightside CEO Williams heads for the exit
Brightside CEO Paul Williams is to leave next year as private equity backer Anacap continues to shuffle the broker’s leadership.
Government open to concept of cyber risk pool
Cabinet Office minister Francis Maude MP has not ruled out the possibility of a Pool Re-type arrangement to cover cyber crime risk.
AGCS predicts aviation exposure to exceed £638bn by 2020
Increasing fleet values and a rise in passenger numbers is expected to push the value of aviation risk exposure through the $1trn (£638bn) barrier by 2020, according to Allianz Global Corporate & Specialty.