United Kingdom (UK)
The Cyber Insurer and Broker Assembly 2017 - as it happened
The Cyber Insurer and Broker Assembly took place on 23 March. Post's journalists reported live from the event.
Sara Mitchell appointed as head of Chubb's corporate division in UK and Ireland
Chubb has appointed Sara Mitchell as head of corporate division in UK and Ireland.
Axis to take £41m Ogden rate hit
Specialty insurer and reinsurer Axis Capital will take a £41m hit from the reduction in the Ogden discount rate.
PI firms will have 'no other choice but to close' following whiplash reform
More jobs could be lost as a result of the government's whiplash reforms than were lost in the South Wales steel industry last year, Access to Justice told Post.
What UK sanctions may look like post-Brexit
2016 was a momentous year that heralded a series of political developments with far-reaching consequences for international trade. Speculation and uncertainty abound about what Brexit means for international trade and sanctions.
Cyber and chemical terrorism are top threats facing business says Pool Re
The increased cyber capabilities and rise in the use of chemical agents by extremist groups are two of the emerging threats facing UK business in 2017, according to Pool Re.
Principal Insurance reports profits surge
Manchester-based Principal Insurance has reported full-year pre-tax profits of £327,109.
Competition is the key challenge facing insurers
Increased industry competition is the biggest challenge to business for general insurers, according to a survey.
Beale rules out Malta as post-Brexit Lloyd's base
Lloyd’s of London has ruled out Malta as the location for a European-based subsidiary, as the market continues to narrow its focus on a post-Brexit contingency plan.
240 jobs at risk as Zurich restructures UK operations
Zurich UK is to shed 240 jobs as the insurer restructures its UK operations.
Smallman joins National Windscreens board
National Windscreens has appointed John Smallman to its board of directors.
The City UK sets out industry priorities for Brexit
The City UK, a City of London lobby group, has issued its key priorities for the UK’s financial and professional services industry in the forthcoming Brexit negotiations.
PWC appoints Jim Bichard as UK insurance leader
PWC has appointed Jim Bichard to lead its UK insurance practice.
Compre acquires UK business of AG Insurance
Insurance and reinsurance legacy specialist Compre has acquired the UK business in run-off of the Belgian (re)insurer AG Insurance for an undisclosed sum.
Ask Alexa: Aviva develops jargon buster for Amazon Echo
Owners of the Amazon Echo will now be able to get answers to insurance related questions thanks to an interactive jargon buster from Aviva.
Reinsurers face year of cost-cutting due to weaker renewals
Reinsurers face a demanding year of cost-cutting after the December contract renewal season delivered weaker prices for the fifth year in a row.
Court of Appeal finds insurers may only have to pay incurred reinstatement costs
Insurers may only end up paying for reinstatement costs that the insured has in fact incurred, the Court of Appeal has found.
Aviva claims director joins IFB board
Rob Townend, Aviva’s claims director for UK general insurance, has joined the board of the Insurance Fraud Bureau.
Insurers face 'highly challenging period', says AM Best
The insurance industry is entering a highly challenging period in its history, according to new research from AM Best.
Lloyd's to unveil plans for EU move in the new year
Lloyd’s of London will create an office somewhere within the European Union in a move to divert some of its operations to the continent as a result of the UK's Brexit vote.
Lloyd's to cut subscription costs by 10%
Lloyd's of London will reduce its market subscriptions by 10% for 2017 as part of efforts to keep the market competitive.
Lloyd’s to update operating structure
Lloyd’s has unveiled its new operating structure, to be rolled out in the New Year.
Accelerate signs three year deal with JM Glendinning
Specialist managing general agent Accelerate Underwriting has agreed a three year deal with UK insurance broker JM Glendinning.
Lloyd’s announces potential post-Brexit strategies
Lloyd's said setting up a single European Union subsidiary or a network of branches across several EU countries are two potential post-Brexit strategies if passporting rights cannot be maintained.