Northern Ireland
GRP holdco sets baseline for Searchlight era with inaugural £42m operating profit
Global Risk Partners’ holding company GRP (Jersey) Holdco has posted turnover of £128.8m in its first set of annual results.
NI to change discount rate in New Year
Northern Ireland’s Justice Minister Naomi Long has welcomed the passing of a Bill that will change how the country’s personal injury discount rate is set.
Claims volumes surge as a result of Storm Arwen
Insurers have received thousands of claims as Storm Arwen brought 98 miles per hour winds causing power cuts and travel disruption across the UK.
Prestige Underwriting appoints Eoin Reynolds as Ireland general manager
Eoin Reynolds has been named as Prestige general manager for Ireland and executive director at Prestige Underwriting Services Ireland.
Blog: Loss adjusting on the emerald isle
Craig Harris, Criterion loss adjuster, reflects on the unique challenges of loss adjusting in Ireland.
Interview: Bruce Goodbrand and Kevin Shevlin, Forum of Insurance Lawyers
Forum of Insurance Lawyers Scotland chair Bruce Goodbrand and Northern Ireland chair Kevin Shevlin spoke to Post about how different arms of Foil work together to address the issues the industry is facing and also learn from one another.
Northern Ireland aims for minus 1.75% discount rate by end of May
The Northern Irish Department of Justice intends to push its minus 1.75% personal injury discount rate change through by the end of May.
For the record: The week in deals featuring Aviva, Brit, Cazoo, CFC, Co-op Insurance and GRP
Post wraps up the major insurance deals, launches and investments of the week
Blog: No discount rate change in Northern Ireland but uncertainty remains
The Northern Irish Department of Justice has decided not to change the country's discount rate in line with the existing framework but will wait for reforms. DAC Beachcroft complex injury partner Louise Butler considers the next steps.
No discount rate change for NI yet as country looks to Scottish model
The Department of Justice for Northern Ireland has decided against changing the country's personal injury discount rate until a revised legal framework is in place.
Blog: Discount rate consultations - what do insurers need to consider?
The legal and political landscapes across the United Kingdom and Republic of Ireland vary considerably and no less so when it comes to the personal injury discount rate. With negative (and different) discount rates and methodologies adopted in both…
Abbey and Autoline merger to create £119m GWP acquisitive firm
The merger of Northern Ireland brokers Abbey Insurance and Autoline Insurance as Abbey Autoline on 1 September will create a £119m gross written premium growth focused firm that has an eye for striking takeover deals, managing director of the newly…
CMA opens investigation into Ardonagh buying Bennetts
The Competition and Markets Authority has today launched an investigation into whether Ardonagh buying Bennetts Motorcycling Services will lead to “substantial lessening of competition”.
Northern Ireland launches consultation on negative discount rate
The Northern Irish Department of Justice has launched a consultation into possible changes to the legal framework for setting the personal injury discount rate.
Rising Star: Jake Finlay, Sedgwick UK
Coming from a background of herding sheep in the Falklands and rearing calves in Northern Ireland, Jake Finlay didn’t want to lose his rural ties after university. He now works on agricultural claims in the South East
NI Assembly committee rails against insurer Covid-19 BI payouts as ABI grilled
There is a “real perception of intransigence from the insurance industry … [and] lack of willingness to engage and support business” during the coronavirus pandemic, according to Caoimhe Archibald, chair of the Northern Ireland Assembly’s Economy…
Discount rate: Warnings on NI premium pressure and claims costs
If the discount rate in Northern Ireland is made minus 1.75% this will lead to price hikes and potentially vast jumps in the cost of individual claims, insurers and lawyers have warned.
This Month: Best insurance employers to the fore
From November last year to January 2020 Post gave insurance employees the chance to nominate and rate their employers on topics ranging from management to diversity and work/life balance along with whether they would recommend the company to a friend.
Northern Irish discount rate of minus 1.75% proposed
The Northern Irish Department of Justice plans to change the Northern Irish personal injury discount rate to minus 1.75%, pending a statutory consultation.
Q&A: Forum of Insurance Lawyers CEO Laurence Besemer
In 2009 Laurence Besemer became the first CEO of the Forum of Insurance Lawyers, the UK trade body for defendant law firms. A decade into the role he spoke to Jonathan Swift about its commitment to its members, a successful 2019 and why it is definitely…
GRP adds Birrell Group as Midlands hub
Global Risk Partners has taken a majority stake in the Birrell Group, based in Lutterworth, Leicestershire. The group consists of Kingsway Insurance Services and Bausor Hall Associates.
Willis IRM buys Hale Kavanagh in Leeds
Belfast-based Willis Insurance and Risk Management has bought Leeds firm Hale Kavanagh Insurance Brokers for an undisclosed sum.
Analysis: Changing face of terrorism and terrorism covers
Terrorism has been a constant threat in the UK for more than half a century and has proved hard for security forces to keep up with, so it is hardly surprising that the insurance market too has found itself trying to repair gaps in cover as they emerge
Keoghs expands into Northern Ireland
Keoghs has joined forces with Belfast-based law firm Caldwell Warner to expand its business into Northern Ireland.