Insurer
Public set to increase insurance spend, PWC survey finds
People are expected to spend more money on insurance products according to the latest CBI/PWC Financial Services Survey, which was published today (30 March).
AGCS hires first UK-based cyber risk consultant
Allianz Global Corporate and Specialty has appointed Rishi Baviskar as its first UK-based cyber risk consultant.
Corporate policyholders told to improve standards in light of Insurance Act
Corporate insurance buyers in the UK have been warned that current risk analysis standards “fall substantially short” of the compliance implications associated with the incoming Insurance Act.
Co-op GI operations head Day to exit
Co-operative Insurance general insurance operations head Lynn Day is to leave the business after 33 years, Post can reveal.
QBE names Menear as director of underwriting operations
Insurer QBE has appointed Nick Menear to the newly created role of underwriting operations director.
Fitch assigns Ageas Insurance A+ 'strong' IFS rating
Ageas Insurance has been assigned the A+ ‘strong’ insurer financial strength rating by Fitch, with a ‘stable’ outlook.
Quindell directors to resign after sale of professional services arm
Quindell CEO Robert Fielding will move to Australian law firm Slater & Gordon following the sale of the claims outsourcer’s professional services arm.
CPIC admits 'grave' property and casualty underwriting issues
Shanghai-based giant China Pacific Insurance's profits climbed 19.3% last year to 11bn yuan (£1.19bn) despite "grave" problems in its property and casualty arm.
Demand for HNW skills in Asia-Pacific on the up, says Morgan McKinley
Professional services recruitment firm Morgan McKinley has said it is expecting a "conservative" hiring push in the Asia-Pacific region over the next two years.
Mutuals' Act gets Royal Assent
The Mutuals Deferred Shares Act received Royal Assent in the House of Lords yesterday (26 March).
PRA consults on ‘proportionate' regime for non-SII senior managers
The Prudential Regulation Authority has released its consultation paper into the senior insurance managers regime for insurance companies outside the scope of Solvency II.
UK General reports 10.4% premium growth
Insurer UK General has reported an improved business performance premium for the 2014/15 year to £436m from £395m the year prior.
Indemnity Guarantee Assurance enters administration
PWC has been appointed the administrator to Indemnity Guarantee Assurance which was placed into administration on 23 March after directors deemed it to be insolvent.
Quiz of the week
How well do you know what happened in the world of insurance this week? Test your knowledge of the week's news with Post's coffee break quiz.
Korean bank KB Financial buys GI insurer LIG
KB Financial, South Korea's second largest bank, is to buy general insurer LIG Insurance for 645bn won (£395m).
Telford succeeds Rocks in Liberty management reshuffle
Liberty Specialty Markets has announced Alan Telford will succeed Sean Rocks as chief underwriting officer of its commercial division.
Lloyd's supportive of syndicates that expect to turn motor profit
Lloyd’s motor book produced a calendar year combined ratio of 106.4% (2013: 108.6%) in a market described as competitive by Lloyd’s director of finance, John Parry.
Cathedral leads consortia for Germanwings A320 war policy
Lancashire-owned Cathedral is leading the consortia on the Lufthansa war policy for the Germanwings Airbus A320 plane that crashed in France on 24 March.
Gumtree ghost broker jailed for two years
A car rental firm owner who made £65,000 selling invalid motor insurance was jailed today for two years at the Old Bailey (26 March).
Ageas unveils consolidated commercial claims panel
Crawford & Company and its recently acquired business GAB Robins are among the big winners following the consolidation of Ageas’ commercial claims panels.
Aviva eyes Belfast relocation as claims function closes
Aviva is to move to a new office development in Belfast after notifying regional brokers of the closure of its claims function a month ahead of schedule.
FCA funding requirement increases 8.4%
The Financial Conduct Authority's annual funding requirement has increased by 8.4% to £481.6m for the year 2015/16.
Claims Awards 2015: shortlist revealed
Today Post is pleased to reveal the shortlist for the 2015 Claims Awards.
CII CEO Sandy Scott to stand down
Sandy Scott is to relinquish his role as CEO at the Chartered Insurance Institute.