Insurer
Share and share alike?
With the 'sharing economy', a form of peer-to-peer lending, gaining traction in the US, what would be the impact on UK insurers if the same occurred here?
Blog: Five incidents that rocked Quindell's share price
Promising half year financial results from Quindell this week - in which revenue increased 119% to £357.3m off the back of organic growth and a 15:1 share consolidation aided a 292% rise in pre-tax profits to £153.7m – came as a timely boon for the…
Investment of £165m reduces flood risk for 6700 Welsh properties
Multimillion pound investment in resources to reduce the flood risk to thousands of homes in Wales since November 2011 has led to a reduced risk for approximately 6700 properties.
Allied World buys RSA's Hong Kong and Singapore operations
Allied World Assurance has reached an agreement to acquire the Hong Kong and Singapore operations of RSA for approximately $215m (£130m).
Europe: Climate change modelling
The question of whether climate change is driving an increase in the severity of weather events is a key concern for insurers. How can modelling systems keep up?
NHS to foot the bill for negligence claims against private firm
Complications following a number of cataract operations carried out on NHS patients by mobile theatre provider Vanguard Healthcare has again raised questions about the indemnity arrangements of private healthcare firms taking on NHS work.
Ex-British Gas MD becomes Aviva's first chief digital officer
Aviva has hired former British Gas commercial and product development managing director Andrew Brem as chief digital officer.
LV Broker appoints Blanchard as account manager
LV Broker has appointed Alex Blanchard as strategic account manager for personal lines accounts including Swinton, A-Plan, Coversure and Esure.
Aegis London recruits two cyber security experts
Aegis London has recruited two cyber security experts from the defence sector to assist with its cyber offering.
Ecclesiastical bolsters board with Taylor appointment
Specialist insurer Ecclesiastical has appointed former Goldman Sachs Asset Management boss Caroline Taylor as director to the board of the group’s insurance business Ecclesiastical Insurance Office.
Hill Dickinson unveils anti-fraud travel database
Travel insurance fraudsters have been put in the crosshairs by law firm Hill Dickinson through its launch of a new database to support insurers in stopping fraudulent claims.
Organic growth at Quindell sparks 119% rise in H1 revenue
Outsourcing firm Quindell has attributed “strong organic and synergistic growth” for a 119% increase in revenue to £357.3m for the opening six months of the year (H1 2013: £163.3m).
Ecclesiastical turns underwriting profit for first time in five years
Ecclesiastical recorded a reduced a pre-tax profit of £18.4m for the first half of the year (H1 2013: £24.4m) despite achieving an underwriting profit for the first time since 2009.
Post Blog: Six reasons you cannot miss Claims Club meeting 3
Next month the Post Claims Club returns with its third quarterly meeting.
BIA award winner video: Ingenie founder and CEO Richard King
Ingenie founder and CEO Richard King explains how an idea developed in his kitchen wooed both footballing pundit Gary Lineker and the British Insurance Awards judges.
DfT denies driverless convoy trial plans
The Department for Transport has denied that the UK government is plotting trials of convoys of driverless lorries on UK roads next year.
Post magazine – 21/28 August 2014
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Construction insurer launches ECS-backed liability covers
Construction industry insurer Trade Direct has partnered with the UK Electrotechnical Certification Scheme to launch a new range of liability products.
Allianz creates new role to forge closer ties between claims and retail division
Allianz has appointed Richard Nettleship to the newly created role of proposition and change relationship manager, in a bid to forge greater links between its claims team and its retail division.
Helvetia shareholders urged to support Nationale Suisse takeover bid
Shareholders of Swiss insurance company Helvetia have been summoned to an extraordinary shareholders meeting where they will decide on the capital increase required for the takeover of Nationale Suisse.
Telematics M&As tipped to hit peak as Admiral mulls Insure the Box purchase
Rumoured deal follows those involving Wunelli and Ingenie in recent months.
Analysts criticise insurers’ use of reserve releases for distorting H1 results picture
Admiral boss Engelhardt calls focus on reserves in financial reporting ‘bizarre’
ABI gets industry backing after L&G’s decision to withdraw membership
Trade body tight-lipped on whether L&G exit will impact membership fees.
ABI welcomes LSB delay on 'misguided' PI cover reduction
The Association of British Insurers has described the decision by the Legal Services Board to prevent a reduction in the minimum terms for solicitors’ professional indemnity insurance ahead of the October renewal period as “a victory for common sense”.