International
Blog: Environmental liability – a catastrophic cover gap
Judy Hadden, founder of James Hallam business Oilspill Insurance Services, considers the hot topic of environmental liability cover, which she argues may be difficult to explain and sell but is an important value add.
Analysis: Who are RSA buyers Intact and Tryg?
RSA's would-be co-owners Intact and Tryg intend to split the insurer once a deal closes. Post investigates what the parties' track records could mean for its future.
Blog: Analytics has a critical role to play in major and complex loss
It is not just low-value claims that can benefit from technology – data analytics has an important role to play in major and complex loss, argues Neil Baldwin, McLarens executive director.
Blog: In tumultuous times partnership offers a useful steer
While the end of 2020 is almost in sight, the outlook is still littered with obstacles, writes Atradius head of SME business Tanya Giles.
Miller to expand employee ownership after sale
The existing partners of Miller will be reinvesting into the business to keep a “substantial minority ownership” and targeting broader employee ownership as part of the deal that sees the firm switch hands from Willis Towers Watson to Cinven and GIC.
Briefing: As Covid pushes Biba 2021 online, a death knell sounds for 'in-person only' conferences
Last week the British Insurance Brokers’ Association followed others' footsteps as it moved its 2021 conference online. Post news editor Jen Frost considers the future of events.
Swiss Re urges insurance sector to watch out for stagflation scenario
There is a 10% risk of a stagflation scenario which would knock more than 2% off insurance premium growth in Europe next year, according to analysis by Swiss Re.
No losers as Cinven and GIC buy Miller from WTW, say brokers
Brokers have hailed private equity house Cinven and Singaporean sovereign wealth fund GIC buying Miller from Willis Towers Watson as a deal with no losers.
Former Ferma president Jo Willaert passes away
Jo Willaert, the immediate former president of the Federation of European Risk Management Associations, has passed away.
RSA in £7.2bn sale talks
RSA has confirmed it is in takeover talks with Canadian insurer Intact Financial Corporation and Danish provider Tryg about a £7.2bn deal that would split up the business.
Peter Zaffino to succeed Brian Duperreault as AIG CEO
Peter Zaffino, AIG president and global chief operating officer, will succeed Brian Duperrault as AIG CEO in March 2021.
Blog: Mexico Reef Protection Program – a nature-based solution to extreme weather risk protection
Climate and extreme weather-related shocks are increasing in their frequency and severity, endangering businesses and livelihoods in vulnerable markets. However, as these risks have augmented, so has the arsenal to combat them, considers Juan Marcano,…
Insurtech Cytora unveils £2000 travel perk as it switches to permanent home working model
Commerical insurance focused insurtech Cytora has moved to a remote-first set-up for employees including a £2000 annual budget for each member of staff to spend on travel within the UK and around the world.
QBE makes Richard Pryce interim CEO as Pat Regan successor search continues
QBE has appointed Richard Pryce as interim group CEO as it continues the process of finding a replacement for Pat Regan who left abruptly at the start of September after an investigation into “workplace communications”.
Blog: Affirmative cyber - friend or foe?
New technology is bringing unintended cyber losses to non-cyber policies, which typically have not been priced and rated separately, writes Francis Kean, partner at McGill & Partners.
Colin O’Farrell to retire from QBE after 34 years
Colin O’Farrell, chief underwriting officer of insurance for QBE International, will be retiring from the business at the end of this year with deputy CUO Nick Hankin stepping up as interim CUO on 1 January, the provider has announced.
Blog: Postcard from the future
The Covid-19 pandemic is dislocating economies around the world. It has also presented a unique test for property and casualty insurers: a surge of losses and a hit to assets, combined with a sudden shift to remote working, writes Clyde & Co partner…
Blog: Decommissioning cruise ships
The impact of Covid-19 on the cruise ship industry has been graphically displayed recently on social media with the first vessels being run up the beaches in Turkey in preparation for recycling. Ian Butterworth, Forum of Insurance Lawyers member and…
Carl Shuker hails growth potential as A-Plan buys Ingenie from Watchstone
A-Plan Group has struck its first deal since being bought by Hyperion snapping up telematics specialist Ingenie.
Blog: The complexities of IPT determination
The insurance industry is navigating a period of economic instability and is still unsure what long-term effects the pandemic will have on direct and indirect taxes. Despite this lack of current clarity, it is sensible to plan for all eventualities,…
Interview: Ardonagh MGA boss Derek Coles
Ardonagh’s CEO of MGA Binders and Facilities Derek Coles spoke to Post senior reporter Emmanuel Kenning about being subscale in Ardonagh, MGAs' need for differentiation, the Rural buy and future acquisition targets.
Towergate website remains down as Ardonagh confirms cyber incident
Ardonagh is taking “remedial action” having been hit by a cyber incident, the group confirmed just after Gallagher also reported being attacked by hackers.
Jason Harris joins QBE to succeed Richard Pryce in CEO role
Former Axa XL global property and casualty CEO Jason Harris has joined QBE and will take over as QBE International CEO when Richard Pryce steps down.
AIG appoints Julie Chalmers as GI head of UK and EMEA claims
AIG has swooped for Chubb’s claims director for Europe, Eurasia and Africa, Julie Chalmers as its head of UK and EMEA claims for general insurance.