Insurer
A Christmas Q&A with Brian the Robot
As the festive season approaches, Post spoke to the industry's favourite robot to talk festive socks and Santa conquering aliens
Blog: how to find the balance between customer expectations and indemnity leakage
The key to handling claims effectively centres around people, processes and systems, according to Simon Penny, head of insurance, business process solutions, DST
Doctors urged to submit applications for Medco portal
Doctors wishing to provide medical reports under the new civil procedure rules have been asked to complete an expression of interest survey on the Medco website by 4 January 2015.
Tesco fraudster sentenced to three years after Operation Catcher sting
A fraudster who staged accidents with Tesco delivery vans has been sentenced to three years in prison.
Generali enters Malaysia market with 49% acquisition
Italian giant Generali has bought a 49% stake in general insurer Multi-Purpose Insurance owned by Multi-Purpose Capital Holdings.
Suspected insurance fraudsters dealt with by Ifed tops 1000
The number of suspected insurance fraudsters dealt with by the Insurance Fraud Enforcement Department topped 1000 this week after detectives arrested four men in Wales.
Ex-SSL directors launch 'phoenix' company despite outstanding debts
The former directors of defunct SSL Loss Adjusting and Nimbus Contractors Network have launched a new business, despite owing outstanding debts to previous suppliers, Post understands.
Skuld boosts contingency reserves by $5m in first nine months
Marine insurer Skuld posted positive a bottom-line result of $5m (£3.2m) for the first nine months of 2014, despite a series of large claims pushing its underwriting result into the red.
Blog: Supply chain? More like supply jigsaw
Post editor Stephanie Denton's ongoing escape of water claim saga takes on a distinctly Kafka-esque twist...
Insurers prepared for post-TRIPRA environment
Insurers operating in the US have reassured clients they will be covered for terrorism events once the US federal terrorism programme expires on 31 December.
RSA sells stake in Thai insurer Syn Mun Kong
RSA has completed the sale of its 21.75% holding in Thailand-based insurer Syn Mun Kong.
Barbican launches new SPV at Lloyd's
Barbican Insurance Group is to launch a new special purpose syndicate following approval from Lloyd’s.
Rival bids for Catlin from Asia and US predicted following XL offer
XL Group’s potential acquisition of Catlin has been billed as positive for both parties, although the bid is expected to flush out interest from Asian and US firms targeting a Lloyd's presence, according to analysts.
Government to make FCA and PRA more accountable
Following a review the government has published a number of recommendations to ensure the way the financial regulators make enforcement decisions continues to be fair, transparent and efficient.
Ace to acquire Fireman's Fund PL business for £234m
Allianz has agreed to sell its Fireman’s Fund Insurance Company personal lines business in the US to Ace for $365m (£234m) by means of renewal rights arrangement.
Government sets March 2015 Budget date
Chancellor of the Exchequer George Osborne is to deliver the final Budget for the current parliament on 18 March 2015.
Russian Roundup: Q4 2014
Insurance companies Allianz and AIG closed their business arms in Russia while Rosgosstrakh closed its Belarusian subdivision and continued to receive fines for breaching the law for selling compulsory motor third party liability insurance certificates
Most operational losses stem from customer service and policy admin, states report
Customer service and policy administration is the business area where the majority of operational losses were reported by insurance companies over the first half of 2014, according to Oric International.
Band H inclusion deemed ‘common sense' by HNW insurers
The government decision to include high tax band properties in Flood Re is a step towards making the scheme more inclusive, high net worth insurers have claimed.
Axa looks to Hiscox for commercial e-trading role
Axa Commercial Lines and Personal Intermediary has made two appointments to the senior management team of its commercial business.
AM Best dismisses need for rating action on insurers reliant on TRIPRA
The US federal terrorism programme is to expire on 31 December due to the failure of the US Senate to reach an agreement to extend the Terrorism Risk Insurance Protection Reauthorization Act before the adjournment of congress.
Pen teams up with Ageas on online household capacity deal
Ageas has reached an agreement with Arthur J Gallagher managing general agent brand Pen Underwriting to provide long-term capacity for household insurance through a number of online-traded solutions.
Broker Network extends Allianz partnership deal by three years
Allianz has renewed its strategic partnership with Broker Network for an additional three years.
Band H properties to be included in Flood Re
The Department for Environment, Food and Rural Affairs has agreed that band H properties in England and band H and I properties in Wales should be included in the Flood Re scheme.