News
Priest & Co administrators sell broker's corporate risks division
Independent Lloyd’s broker Priest & Co has been forced to sell its corporate risks division after the company slipped into administration.
One in five holidaymakers risk traveling uninsured
Travel insurance helps over 4,300 people every week, yet one in five holidaymakers risk traveling without it, according to new data from the Association of British Insurers.
Bridges joins Biba as technical services manager
The British Insurance Brokers’ Association has appointed Martin Bridges as its technical services manager with immediate effect.
Post magazine – July 2014 - Claims video edition
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Disposals push Capita to £238m profit
The sale of ailing broking business BDML, Sureterm, Lancaster and Delta to Markerstudy has helped push Capita to a pre-tax profit of £238m for the first half of 2014.
York International grows financial lines capabilities in London
York Risk Services Group subsidiary York International has appointed Carlos Michel as senior adjuster as it looks to expand its London-based financial lines capabilities.
UK motor market not seeing 'sustained recovery in prices'
Despite investor hopes of a hardening market for UK motor, no insurer is making the level of losses needed to spark “a sustained recovery in prices”, according to research from Exane BNP Paribas.
Aviva renews Cega partnership
Aviva has renewed its long-standing claims partnership with Cega Group.
Ace launches information privacy cover in Singapore
Ace's product provides coverage against claims for privacy infringement liability or defamation.
Matmo dumps heavy rain on Taiwan
Typhoon Matmo drenched Taiwan causing at least one casualty; however, there was relatively little damage to property.
Towers Watson creates benefits broker operation in Singapore
Towers Watson has established a benefits brokerage operation called Towers Watson Insurance Brokers Singapore.
Homeowners fail to report crimes amid fear of impacting property values
Crime is going unreported in neighborhoods across Britain as the fear of impacting the rent or resale value of properties forces residents to keep silent, a new study from Direct Line has shown.
Job cuts highlighted as potential answer to digital disruption
Insurance executives are more concerned than bosses from any other industry about the disruptive impact digital technologies will have on their business over the next 12 months, according to research by consultancy Forrester.
ABI critical of draft Flood Re finance rules
The Association of British Insurers has deemed the draft rules on the financial management of Flood Re "unworkable" following the launch of a consultation on the scheme's regulations.
Beazley CEO Horton braced for MH17 war claims
Beazley chief executive Andrew Horton has admitted the speciality insurer could face exposure following last week’s Malaysia Airlines flight MH17 disaster.
Guy Carpenter appoints head of EMEA & international P&I
Guy Carpenter has appointed Simon Smith as head of international protection and indemnity as well as overseeing the Europe, Middle East and Asia region.
Northerners four times more likely to commit fraud
Residents of the North of Britain are four times more likely to commit fraud than their counterparts in the South according to figures from desktop counter fraud company VFM services.
Axa appoints Kilshaw as London branch sales manager
Axa commercial lines and personal intermediary has appointed Martin Kilshaw as London branch sales manager.
Counter-fraud specialist Gracey goes solo
Crawford & Company's former counter-fraud boss Bobby Gracey has set up his own consultancy firm after quitting a senior role at the US investigation firm Global Options.
Ex-Independent colleagues Rutter and Blakemore launch underwriting start-up
The former head of London market at Independent Insurance Keith Rutter has co-founded a start-up underwriting firm alongside his ex-Independent colleague John Blakemore.
Insurance Fraud Awards 2014: Shortlist revealed
Today Post is pleased to reveal the shortlist for the 2014 Insurance Fraud Awards.
Omdbudsman upheld fewer GI complaints in Q1
The Financial Services Ombudsman has resolved a smaller proportion of general insurance complaints in favour of consumers for the first quarter of 2014/15.
Underwriting hires in Miami aid Brit's regional platform expansion
Brit has bolstered its Miami-based Latin America and Caribbean platform with the addition of Carlos Becerra as vice president for underwriting and Jimena Salgado as an underwriter.
London market presence set to contract as Beazley targets US
Beazley is expecting continued growth in the US alongside a London market reduction after its US operation aided a 61% increase in group-wide profit before tax of $132.9m (£77.8m) in the opening six months of the year.