Insurer
Former QBE underwriter Bathia to join new Capita-backed syndicate
Capita Managing Agency and Panamanian insurer Istmo Re have received "in principle" approval from the Lloyd's Franchise Board to establish a new Lloyd's syndicate under Capita management.
Aviva unveils cyber cover for SMEs
Aviva has launched its first cyber cover designed for small to mid-market customers to help combat the increasing threat of data and privacy breaches.
Post magazine – 11 June
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.
Insure the Box places 60 employees on notice of redundancy
Sixty members of staff have been put on redundancy notice at telematics firm Insure the Box, Post has learnt.
Ryan Direct Group rethinks European presence
Outsourcing provider Ryan Direct Group has placed its European business into run-off just two years after taking over the running of the ex-Jubilee Amsterdam-based operation, Post can reveal.
GAP market faces shake-up after FCA competition remedy
Firms distributing guaranteed asset protection insurance in connection with the sale of a vehicle from 1 September 2015 will be required to provide customers with information to help them shop around following new rules published by the Financial Conduct…
Tokio Marine Holdings to acquire HCC Insurance in $7.5bn deal
Tokio Marine Holdings has agreed to acquire HCC Insurance Holdings for $7.5bn (£4.8bn) through its subsidiary, Tokio Marine & Nichido Fire Insurance Co.
$1.5bn Fidelis aims to shake-up global (re)insurance market
Bermuda-based new entrant Fidelis is aiming to provide significant competition in the global (re)insurance sector after a significant investment.
Airmic: Speakers and sessions to look out for
This year’s Airmic conference, on 15 to 17 June, will see attendees descend on Liverpool. Post caught up with some of the speakers to find out a bit more about them and what they thought this year’s talking points would be – and has picked out some key…
XL Catlin and Bell Pottinger offer Asia product recall media support
XL Catlin's product recall team is partnering with PR company Bell Pottinger in Asia to offer help with the media in a crisis.
Claims Portal retains CRIF as tech partner following tender process
The Claims Portal board has approved of retaining CRIF Decision Solutions as its technology partner following a tender process for the development and hosting of the portal.
Understanding brand value holding up progress in reputation coverage
Difficulty quantifying brand value is hampering the development of the reputational insurance market, despite increasing demand from companies to protect their brands from the threat of social media onslaughts.
Product ratings championed as alternative to claims ratios for add-ons
Legal expenses insurers have supported product ratings as an alternative remedy to publishing claims ratio information for add-on products, but only if the ratings are based on detailed and relevant criteria.
Career File: Bronek Masojoda - Hiscox CEO takes Pool Re non-exec role
Pool Re has appointed Hiscox CEO Bronek Masojoda as non-executive director.
Market Moves - 11 June 2015
Keep abreast of the insurance market's movers.
Prolific fraudster jailed for 38 months for £33k Aviva con
A Birmingham conman who defrauded Aviva out of more than £33,000 and then went on the run to evade justice has been jailed for three years and five months.
Airmic Head to Head: Insurance Act
This year’s Airmic conference has the theme ‘Raising the profile of risk’. With that in mind, Post asked some leading industry figures to go head-to-head on the Insurance Act.
Regional Review: Liverpool
Liverpool’s insurance community has shrunk significantly over the past decade, losing firms to both London and Manchester as a result of greater centralisation. However, there remains a strong broking presence in the city, serving local and global…
Europe: Solvency II - Getting through the last mile
With Solvency II due to go live on 1 January 2016, there's still a lot of work to do, warns Accountagility's Robert Gothan.
Airmic Head to Head: Business Interruption
This year’s Airmic conference has the theme ‘Raising the profile of risk’. With that in mind, Post asked some leading industry figures to go head-to-head on business interruption.
Interview - Patrick Smith: The business of risk
Post caught up with new Airmic chairman Patrick Smith to find out his plans for the organisation and hear more on how risk management is making its way up to the boardroom.
Markel merger given green light by High Court
A merger between Markel International and Markel Europe has been granted High Court approval.
Lancashire looks internally for CRO appointment
Lancashire Holdings has appointed group internal audit head Louise Wells as its group chief risk officer, effective 28 July.
Female millennials shun insurance over career progression fears
The insurance industry is failing to keep hold of talented female workers, or even attract them in the first place, due to a perceived lack of equal opportunities.