Insurer
Allianz to ditch condition of average for underinsured SMEs
Allianz will remove the use of averages for SMEs that are underinsured despite recognising such a move could affect its trading results, the insurer announced among other measures today (25 January).
Assets at China's insurers climb to £255bn
Premium income at China's insurers climbed to 2.4trn yuan (£255bn) in 2015 - an increase of 20% over 2014.
Chubb appoints three country presidents in Asia
Following the completion of the acquisition of Chubb by Ace the merged company, named Chubb, has announced three more senior appointments in Asia.
New Zealand's insurers upset over fire service levy review
The Insurance Council of New Zealand wants the government to change the rules on an insurance levy for the industry which funds over 90% of the fire service.
South Korea pens $2bn financing deal with Iran
South Korea has agreed a $2bn (£1.4bn) contract with Iran for trade insurance financing.
ABI adds new role to focus on devolved nations
The Association of British Insurers has created a new role to specialise in policy for Scotland, Wales and Northern Ireland.
Quiz of the week - 22 January 2016
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
‘High-cost' and unadaptable L&G site to close in 2018
Legal & General has announced it intends to close its Kingswood office in 2018 due to it being the least responsive site to current "changing business demands".
Blog: Poorly drafted MoJ Portal rules promote claims incubation
Relentless and often ill thought through changes to the civil procedural rules over recent years have acclimatised users to accepting poorly drafted rules which then require correction while in operation.
Aviva and Ageas agree subrogation portal to cut claims handling costs
Aviva and Ageas are the first companies to reach an insurer-led agreement to reduce the cost of handling third party motor claims following the 2014 Competition and Markets Authority motor insurance ruling.
Tulloch leads Aviva acquisition in Canada
Aviva's Canadian business has bought RBC General Insurance Company for £281m, a deal led by global general insurance chairman Maurice Tulloch.
DCI Rogers exits Ifed after less than 12 months
Insurance Fraud Enforcement Department boss Detective Chief Inspector Angie Rogers has left the City of London Police unit after less than a year in the insurance fraud hotseat, Post can reveal.
Guy Carpenter adds new MD for Benelux region
Susanne Miller-van der Schild will take on the role of managing director at Guy Carpenter’s Benelux office, moving from SNS REAAL.
Compare the Market appoints Late Rooms CEO to COO role
BGL Group’s UK price comparison site Compare the Market has appointed Jesper With-Fogstrup to the newly created role of chief operating officer.
XL Catlin to launch Indian reinsurance operation in 2016
XL Catlin has begun the licensing process to establish a reinsurance branch in India.
Europe: March of the European giants
European insurers have huge influence in the UK, so how are their strategies set to unfold?
IPT pushes up home and motor rates, says AA
Home and motor premiums increased in Q4 2015, with the AA’s index pointing to the increase in Insurance Premium Tax shouldering at least some of the rise.
Post Magazine - Issue date 21 January 2016
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS app edition on the App Store or read the Post digital edition online.
Mid-market push in Manchester for Axa
Andy Williamson has been appointed as Axa’s Manchester branch manager in a move to push the company’s ambitions in the region.
Apil president accuses insurers of 'hijacking' fraud taskforce
The Association of Personal Injury Lawyers’ president Jonathan Wheeler has accused the insurance industry of “hijacking” the insurance fraud taskforce and has expressed disappointment at its final recommendations.
UK and Ireland winter storms to cost Zurich $275m
Zurich is expecting to record an operating loss in general insurance for the fourth quarter of its financial year as a result of strong storms across the UK and Ireland.
XL Catlin opens Brisbane office
XL Catlin is adding to its offices in Melbourne and Sydney by opening a third Australian office in Brisbane.
Editor's Comment: Writing a new chapter
A new year and a new start; time to ring in the new; the new year is like a blank book and you have the pen to fill the pages – you probably heard all of these and more as Big Ben chimed in the New Year and you planned your resolutions.
The road to repair: how the industry has responded to flooding in Cumbria
The government is making grants available for flood resilient repairs.