Insurer
Lloyds Banking Group to be hit with PPI fine in excess of £100m
Lloyds Banking Group is reportedly set to be slapped with a record fine of more than £100m by the Financial Conduct Authority for mishandling payment protection insurance complaints.
Millennials keen to trade blood and urine samples for premium discounts
Millennials in the UK are prepared to give up their own blood, urine, and personal data if it means lowering their insurance premiums, according to a survey conducted by generation researchers Decode.
Arc Legal supports FCA claims ratio re-evaluation
Legal expenses insurer Arc Legal Assistance has backed a move from the Financial Conduct Authority to consider alternative options to the requirement for insurers to publish claims ratio information for add-on products.
Theme parks warned to check safety systems after Alton Towers crash
Theme park rides made by the same manufacturer as ‘The Smiler’ at Alton Towers should review their safety procedures ahead of increased scrutiny form the health and safety executive, the managing director of specialist theme park broker Marsh & Company…
Post magazine – 4 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.
Temple victorious in ATE premium High Court dispute
Temple Legal Protection has won a High Court dispute that confirmed its after the event premium for clinical negligence insurance policies in the post-Legal Aid, Sentencing and Punishment of Offenders Act 2012 era was not unreasonable or disproportionate.
Human error to blame for 75% of cyber breaches at large firms
Human error continues to feature heavily in cyber breaches despite increased staff training, according to a new report.
LV's Crabtree to start Ifed secondment in May
LV has funded claims crime prevention team technical controller Matt Crabtree to undertake a six month secondment to the Insurance Fraud Enforcement Department.
Blog: The threat in the skies - have cyber attackers boarded the plane?
The aviation industry is fast becoming one of the hottest areas of interest among the cyber community - particularly insurers - as the risk profile to airplanes and carriers increases.
#Biba Fever - episode 8: The last word on the conference from Gary Humphreys
Three weeks after the British Insurance Brokers’ Association conference, Post met up with Markerstudy’s Gary Humphreys to get the final word on the 2015 event.
Poor 2014 insurance results at Eldon spark South Africa trial move
Staff at Eldon Insurance Services have been told that poor results within the insurance business last year are to blame for the decision to move all live functions to South Africa for a trial period.
Axa and Lockon join forces to win Regis property deal
Axa is to provide insurance for property group Regis’ ground rent portfolio following a deal with Lockton.
Vienna Insurance Group subsidiary agrees Bulgarian acquisition
Vienna Insurance Group has agreed a deal to acquire Bulgarian firm UBB-AIG through its subsidiary, Bulstrad.
Shipowners' Mutual posts 94.6% COR after strategic withdrawal
Marine mutual Shipowners Club posted a combined ratio of 94.6% for the 12 months to February 2015, amid high business retention levels and increased membership numbers.
PICC is lead insurer for China Yangtze shipping disaster
PICC has confirmed it is the lead insurer for the stricken Eastern Star ship that sank in the Yangtze river on Monday night.
IAG's India stake increase on track after Indonesia buy
Insurance Australia Group is in advanced discussions to increase its stake in SBI General Insurance in India to 49%.
Covéa to decide on Sterling Insurance brand by end of Q3
Covéa will make a decision about whether to keep the Sterling name later in the year after it has consulted with brokers, its CEO has said.
Gable in talks to create UK motor underwriting operation
Gable Insurance is in discussions with former Service Insurance Company director Beverley Shreeve about creating an underwriting operation for UK motor under the Gable brand, Post understands.
Disaster Response Forum 2015 – speaker: Arun Padannakkot
Arun manages household claims for Allianz UK. He has 15 years of experience in the insurance industry, including P&C Insurance and Health Insurance.
Penny Black’s Insurance Week - 4 June 2015
Penny is rather partial to a bit of fine dining - particularly when it's taking place in Europe's highest garden space - so she jumped at the chance to lunch with some of Crawford & Co's finest at Fenchurch Street's Sky Garden.
FCA reconsiders claims ratios for add-on products following industry backlash
The Financial Conduct Authority has backed down from its intention to require general insurers to publish claims ratio information for add-on products and plans to publish a discussion paper addressing alternative options in “the coming weeks”.
Career development: Recognition for Chaucer's graduate scheme
Chaucer, the specialist Lloyd's insurance group, has been chosen as the ‘top company for graduates to work for in accountancy and insurance', for companies that take on less than 30 graduates a year, by The Job Crowd, a UK-based graduate job review…
Career development: Autonet's class of 2015 complete traineeship
On 21 May, Autonet Insurance's Traineeship programme for 11 successful candidates was marked by a celebratory lunch held at its head office in Nile Street, Burslem.
Career file - Stuart Davies: Davies takes Canopius CEO position
Stuart Davies has resigned from his position as managing director of Aegis London and will take up the position of group CEO at Canopius. Davies had been with the company for a decade.