Hiscox
Victory for insurers in $77m 'pirate attack' fraud case
A High Court judge has ruled that insurers do not need to cover the cost of an alleged pirate attack on an oil tanker because the ship’s owner was responsible for the incident.
Arch-backed MGA Archipelago aims to address PL underinsurance with data driven fair pricing
Arch Insurance-backed managing general agent start-up Archipelago Risk Insurance has announced that after a six month “pilot” it is ready to open the doors in a “controlled way”.
Digital Fineprint closes $4m funding round, with insurtech Cuvva tipped to raise next
Digital Fineprint has become the latest UK-based insurtech to announce a significant fund raising round after unveiling a $4m (£3.2m) investment at Insurtech Connect in Las Vegas today.
This month: A long road ahead
It’s been a topsy-turvy month in Parliament and this week a bill was passed by MPs aiming to block a no-deal exit from the European Union. But as the UK continues to face uncertainties over Brexit, across the pond this month we saw scenes of destruction…
Hiscox names Richard Watson’s successor
Hiscox appointed Joanne Musselle as group chief underwriting officer, as Richard Watson steps down.
BoE governor Carney warns insurers over climate change
The Governor of the Bank of England has described climate as a “big, big issue” for general insurers and reinsurers.
Hiscox posts H1 profit of $168m, despite higher volume of claims
Hiscox has reported a profit before tax of $168m for the first quarter of 2019, up from a profit of $162.7m on the same period last year, despite a higher volume of claims.
Hiscox floats seized ship cover as Iran Gulf tensions threaten premiums
Hiscox has developed a product designed to protect shipping targeted by nation states amid warnings that escalating tensions between Iran and the UK and its allies could lead to higher insurance premiums.
Analysis: Mitigating the risk of sexual harrassment in the workplace
Over the past two years, awareness of how prevalent sexual harassment is in the workplace has reached perhaps unprecedented heights.
This month: Reputation, climate change and technology
This month’s issue looked at reputational issues the sector is facing and what needs to be done to improve the industry's reputation going forward.
This week: heatwave, hurdles and honours
Our neighbours in France may have hit their highest ever recorded temperature this week as the heatwave that struck Europe saw schools closed, but Post revealed motorists holidaying there will not be able to claim compensation if they are struck by an…
Hiscox CUO Richard Watson to retire
Hiscox chief underwriting officer Richard Watson will retire from the role at the end of the year.
Lloyd's assembles industry leaders to guide modernising efforts
Lloyd’s of London has established two advisory committees featuring prominent industry figures to support its ongoing modernising strategy.
CII launches historic website as Insurance Museum project gathers momentum
Exclusive: The working group looking into the feasibility of an insurance museum in the Square Mile has rejected the idea of hosting exhibits within the new Museum of London in favour of a stand-alone site, should there be enough interest.
Hiscox's Ben Walter on why insurance needs a digital turbo charge
Digital transformation is urgently needed to make our industry faster and more efficient, says Ben Walter of Hiscox Global Retail
Discount rate: Are insurers being too optimistic?
In anticipation of the new discount rate announcement, expected by 5 August 2019, many insurers have already started to price and reserve at 0%
Wrisk eyes £3m raise as it looks to launch car insurance
Exclusive: Insurtech Wrisk has launched a crowdfunding campaign to raise £750,000 as part of a series A round, as it gears up to begin offering car insurance.
Blog: Aon and Willis Towers Watson – could the off deal be on again soon?
Post content editor Jonathan Swift looks at past aborted insurance bids and talks to consider whether a deal between Aon and Willis Towers Watson is dead, or merely on ice for now
Insurtech Kinsu hits pause over lack of funds
Exclusive: Millennial gadget and bike insurance provider Kinsu is no longer accepting new customers, which its CEO has said is due to a lack of investment.
Aston Lark's Peter Blanc on how to beat complacency
Aston Lark's group CEO Peter Blanc explains why it is essential that brokers advise clients on emerging risks that could affect their business and encourage discussions to ensure the right solutions are found
This week in Post: Storm, Brexit and diversity
This week, the sunshine we were blessed with last week was replaced by a more winter-appropriate grey sky and rain.
Profits at Hiscox treble as insurer completes preparation for Brexit
Hiscox reported a 250% rise in its 2018 profit, following its move to exit from unprofitable areas in the London market business.
British Insurance Awards at 25: The judges reflect on the changing market
With the deadline for entering the British Insurance Awards getting ever closer, what better time to introduce the judges who will be casting an eye over these years submissions? Post canvasses them for their favourite memories of previous BIAs and their…
Analysis: Tenancy deposits – tailored tenancies
Many tenants struggle to find a lump sum of money to put down for a deposit. Insurance instead of a deposit provides an alternative – offering tenants greater affordability and increasing security for landlords. It could also mean a welcome new class of…