Insurer
Co-op's GI business incurs £17m loss due to costs of IBM deal
The costs associated with the £55m deal with IBM to build an integrated insurance platform were behind Co-op general insurance's £17m operating loss in the first half of 2015.
Zurich's global GI CEO Kerner to step down
Mike Kerner, Zurich's global CEO of general insurance, is leaving the business at the end of 2015 citing personal reasons.
Claims Club: FCA considering 'best practice' plea from insurers on SME cases
A senior regulator has conceded that in order for the Financial Conduct Authority to differentiate itself from its predecessor it might need to listen to insurance companies' pleas to issue ‘best advice’ on dealing with SME claims.
Claims Club: Insurers must act to help shape the future of CMC regulation
Insurers have been given a “three to four month” window to shape the future of claims management company regulation, Claims Club members have been told.
Survey ranks insurance as top performing sector in dodging hackers
The insurance industry is outperforming other sectors in the battle to combat data breaches, according to a survey that revealed just 17% of insurance companies have been hacked –although lost data remains an issue.
C-Suite Europe: Technology opening up new avenues for insurer partnerships
New technology is changing the nature of the partnerships insurers are getting into, says Ageas CEO Bart De Smet.
Video: England Rugby captain Chris Robshaw
As the build up to the Rugby World Cup intensifies, England captain Chris Robshaw took some time out of his hectic schedule to jump in a black cab with Post news editor Callum Brodie to talk about the similarities between risk management in the boardroom…
Allianz Engineering promotions strengthen management team
Allianz Engineering has strengthened its management team with the promotions of Natalie Holbrook and Anneke Graham, in preparation to move forward with growth plans.
UK P&I club calls for 'zero tolerance culture' on enclosed space entry as casualties blight shipping industry
Accidents relating to entry into enclosed spaces have resulted in a large number of deaths of both ship and shore personnel so far this year, says the UK P&I Club, calling for more to be done to prevent these casualties.
Axa halts 'significant' personal injury claims with fundamental dishonesty defence
Two fraudsters have withdrawn fake but financially significant personal injury claims after Axa used the fundamental dishonesty defence.
Lloyd's finds £3trn of GDP at risk from disasters around the world
A Lloyd's index has found a total of $4.6trn (£3trn) of projected gross domestic product is at risk from manmade and natural disasters in cities around the world.
Post magazine – 3 September
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS or Android App Edition on the App Store or Google Play respectively or read the Post Digital Edition online.
Telematics firm Ingenie adds LV Broker to insurer panel
LV Broker is joining Ingenie’s panel of insurers providing underwriting capacity for the telematics car insurance brand aimed at younger drivers.
Consumers remain unconvinced by driverless cars as Google suffers latest setback
More than a third of motorists polled by U Switch believe the introduction of autonomous vehicles will drive up their car insurance premiums.
CFC launches global cyber risk portal
CFC has extended its cyber product suite with the launch of an online hub, which it claims enables brokers to deliver an end-to-end solution to their clients.
National Crime Agency targeted in revenge cyber attack
A group of hackers who were behind previous cyber attacks on Microsoft and Sony have claimed responsibility for downing the website of the UK’s National Crime Agency in an apparent revenge attack.
Hiscox report finds one in five small businesses are not insured
One in five small business owners and managers do not have any insurance, according to a survey carried out across six countries by Hiscox.
Roundtable: Media Perception: Holding the insurance industry to account
Former Post editors from the past three decades met up recently to discuss changing perceptions of the insurance sector and the role the media has played in shaping it.
Penny Black's Insurance Week - 3 September 2015
Everyone deserves a summer break of sorts, but it was with some trepidation Penny agreed to take part in Post’s team day out.
Female Millennials: How to attract young women
A recent PWC report showed female millennials had reservations about working in the insurance industry. Post investigates what the sector can do to include this group in its future workforce
Career Development: Endsleigh celebrates Golden Jubilee
Endsleigh has begun its Golden Jubilee year, celebrating 50 years of insuring students and young professionals.
Carlyle to acquire Innovation Group at 40p per share
A 40p per share price has been agreed for private equity firm Carlyle to acquire the Innovation Group.
Swiss insurer Helvetia increases profits and records dynamic growth
Helvetia has recorded a "very satisfying business performance" for the first half of 2015, which it claims reflects the successful acquisitions of Nationale Suisse and Basler Austria last year.
Apil president calls for collaboration on CMCs and young driver safety
The president of the Association of Personal Injury Lawyers wants to “ratchet down the rhetoric” and create greater collaboration between insurers and claimant solicitors by targeting mutual priorities.