Insurer
Shock IPT raise - more reaction
The insurance sector is still reeling after George Osborne's Budget announcement to raise insurance premium tax by more than 50% from 6% to 9.5%.
Ex-Axa boss Maso joins Covéa as advisor to CEO Derez
Former Axa UK CEO Philippe Maso has joined Covéa as advisor to group chairman and CEO Thierry Derez.
Post magazine – 9 July
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.
BIA 2015: Inga Beale wins Insurance Personality of the Year
Lloyd’s CEO Inga Beale was tonight crowned Insurance Personality of the Year at the British Insurance Awards.
BIA 2015: David Hertzell wins Achievement Award
Former Law Commissioner David Hertzell was awarded the prestigious Achievement Award at tonight’s British Insurance Awards.
British Insurance Awards 2015: The winners
AIG, LV and Wilby were among the big winners at the British Insurance Awards – collecting two gongs apiece.
Chancellor promises review of CMCs in summer Budget
The Government has pledged a review into the regulation of claims management companies in the Summer Budget.
Osborne drops IPT Budget bombshell
Chancellor of the Exchequer George Osborne has caught the industry by surprise with an announcement that insurance premium tax will rise to 9.5% from November.
British Insurance Awards 2015: As it happened
The industry's most anticipated awards ceremony is over for another year.
Mediator appointed to oversee Gallagher and Ross dispute
A mediator has been appointed to intervene in the dispute between Arthur J Gallagher and its former international CEO David Ross, former chief financial officer Mark Mugge and consultant Christopher Keey.
Indian reinsurer added to list of Altitude capacity providers
Altitude Risk Partners, Castel’s global aviation and space underwriting business, has added the General Insurance Corporation of India to its aviation capacity providers.
Birmingham top UK area for jewellery claims
Birmingham received more claims for lost and stolen jewellery than any other UK area in 2014, according to research from Churchill Home Insurance and LMG Jewellery.
Editor's comment: A very expensive meal
While the Swiss are well known for their wealth and their thriftiness, the London and UK insurance market is probably the worst place to attempt to keep a secret.
My Licence attracts 18% of motor market in opening six months
Around a fifth of the motor insurance industry is using the My Licence scheme, six months after the joint initiative between the Motor Insurers' Bureau and the Driver and Vehicle Licensing Agency went live.
FRC announces investigation into former RSA Ireland staff
The Financial Reporting Council has decided to investigate the conduct of certain members of staff at RSA Insurance Ireland in the year ending 31 December 2012.
Swift MID policy cancellation advised as 'archaic' certificate rule is scrapped
Insurers have been advised to promptly update the Motor Insurance Database to avoid continuation of liability after the "archaic" rule requiring a motor insurance policyholder to return their certificate of insurance in the event of cancellation was…
Aviva church insurance start-up brand Trinitas facing tough baptism
The chances of Aviva successfully challenging established players in the church insurance market have been questioned following its decision to launch a joint venture with Stackhouse Poland targeting Church of England parishes.
Fraud focus: A glimpse into the present
A recent National Crime Agency report indicated the latest key organised crime trends. Jamie Taylor explains.
Non-payment may be insufficient grounds to deny cover following Grexit
European insurers’ credit exposure to Greece is likely to be ‘manageable’ in the event of a Eurozone exit, but firms underwriting Greek individuals and business could face protracted contract disputes, market sources have warned.
Insurers warned to 'remain cautious' if Iran sanctions are lifted
The possible relaxing of sanctions against Iran offers a tempting source of new business but insurers must remain vigilant when considering entering into business arrangements with the state, international lawyers have warned.
Autoglass aiming for greater efficiencies with new facilities hire
Autoglass is hopeful the appointment of Melvin Rolling to head up its fleet, property and health and safety functions in a newly created role will lead to greater efficiencies at the windscreen repairer.
Market Moves: 9 July 2015
Who has moved where in the insurance industry this week.
Penny Black's Insurance Week: 9 July 2015
With hours spent at etiquette school before her societal debut, Penny can confidently say ‘faux pas' is not a part of her vocabulary.
Natural Catastrophes: Pool party
Insurers and governments are having to adapt to a world in which natural catastrophes are increasing in frequency and severity. It’s time for a new approach to nat cat.