United Kingdom (UK)
Covea's Adrian Furness on pursuing a career in insurance
Historically people have 'fallen' into insurance rather than seeking it as a career. Adrian Furness, chief operating officer at Covéa Insurance, asks if this is changing.
Government still missing the point on child compensation whiplash qualms, campaigners say
The Ministry of Justice continues to face criticism for "missing the point" in its response to allegations of a “loophole” in whiplash legislation that affects children and vulnerable road users.
Former Hastings group CFO Hoskins takes on BGL NED role
Hastings’ former group chief financial officer, Richard Hoskins, will join BGL as an independent non-executive director in January.
Victor to write follow-on business through 'virtual' Lloyd's syndicate
Victor Insurance will operate at Lloyd’s as a “virtual syndicate” writing follow-on business as it looks to provide its capital partners opportunities to participate in risks around the world.
Analysis: Brokers urged to keep on top of SMCR as rules kick in
The Senior Managers and Certification Regime regulation focused on greater personal responsibility has come into force for senior broker managers, and businesses have a year to train all relevant staff on conduct rules.
Harris Balcombe creates head of cyber risks role
Mark Harris has joined loss assessor Harris Balcombe as head of cyber risks, Post can reveal.
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: Embracing data ethics
With the increasing use of machine-learning models, the data being inputted into these models raises a number of ethical questions, but how are insurers addressing these potential issues?
ABI opts against legal challenge to Ogden rate decision
The Association of British Insurers will not be proceeding with a legal challenge to the “misguided and incorrect” decision to set the Ogden personal injury discount rate at -0.25%, the organisation has confirmed.
This Week: Getting stuff done
Helios has (almost) done his work and got the week done. Probably because he has an oven ready plan. To leave the working week and enter the weekend.
Eldon rebrands as Somerset Bridge
Arron Banks’ Eldon Insurance Services has rebranded as Somerset Bridge Insurance Services after receiving approval from members and the Financial Conduct Authority.
Blog: Fail it or nail it?
Post news editor Jen Frost mulls general insurance appetite for innovation and, somewhat unintentionally, stumbles on Amanda Blanc as a common theme.
All-party insurance group chair Craig Tracey returned to parliament with record majority
Insurance broker turned Conservative parliamentarian Craig Tracey was returned as the MP for North Warwickshire in yesterday’s general election.
No sales talks at Kingsbridge, says CEO
Kingsbridge is “not currently in a sales process”, CEO James Twining has confirmed to Post.
Amanda Blanc joins insurtech Trov as senior adviser
Former Zurich CEO for EMEA and global banking partnerships and Axa UK and Ireland CEO, Amanda Blanc is joining insurtech Trov as a senior adviser.
Analysis: What's on the horizon for 2020?
For an industry that strives to understand and manage risk, uncertainty is not something that is relished. But with some market hardening, a final report from the Financial Conduct Authority on pricing practices and the possibility of Brexit all on the…
Trade Voice: The ABI's James Dalton on why GI pricing will be a priority in 2020
James Dalton, director of general insurance policy at the Association of British Insurers, reveals what the trade body will be focusing on next year and why.
Pukka no longer writing new business with Gefion
Pukka Insure stopped writing new business with Gefion in July, replacing it with two A-rated carriers.
Danish regulator demands action as it identifies ‘serious liquidity problems’ at Gefion
Unrated Danish insurer Gefion Insurance must have liquid assets of at least €5m by the end of the year amid fears by the regulator that the company has “serious liquidity problems.”
Searchlight trained on GRP as broker eyes PE deal
Global Risk Partners is in discussion with three private equity firms including Searchlight Capital Partners about taking a majority holding in the consolidator, Post can reveal.
ICO procedural errors in handling Eldon/Leave EU investigation exposed
The Information Commissioner’s Office will be hoping that procedural bungles do not jeopardise its proposed audit and fines of Eldon Insurance and Leave EU, after its legal counsel was forced to admit standards had fallen “well below” expectations, Post…
Eldon and Leave EU take a ‘two-faced’ and ‘cavalier’ approach to compliance: ICO
Arron Banks’ group of companies take a “two-faced approach” to regulation and the Information Commissioner’s Office should be allowed to maintain its fines and audit against Leave EU and Eldon, a tribunal heard.
Premium Credit names chief risk officer
Premium Credit has appointed James Wilson as chief risk officer.
Allianz appoints UK IT director
David Richards has been named as Allianz’s UK IT director.