Insurer
Fresh direction for Norwegian Hull Club as new CEO takes the reins
Marine insurer Norwegian Hull Club’s new CEO Faz Peermohamed will review the club’s offering in a bid to identify new opportunities.
Industry facing 108% COR for 2015 as floods wreak havoc on home profits
Insurers’ profitability for home insurance in 2015 has been put into freefall by the intense period of wet weather in December, with combined operating ratios for the year estimated to have deteriorated 16 percentage points to 108%.
Thousands of policyholders see refund from Iceland-based Eric
More than 2600 customers of the failed Iceland-based insurer European Risk Insurance Company (Eric) have received premium refunds from the Financial Services Compensation Scheme.
Quiz of the week - 8 January
Test your knowledge of the week's insurance news with the Post insurance quiz of the week.
Detail on AIG strategy to be revealed
AIG will provide a strategy update and release its fourth quarter results on 26 January, following a number of cost-cutting measures last year in a bid to save up to $500m (£341m).
Blog: The IoT is a marathon, not a sprint, for insurers
Customer propositions and experiences encompassing the Internet of Things are changing the way we live, from health trackers to remote heating controls. Even our white goods are getting smarter: Amazon has teamed up with manufacturers, allowing…
Ace announces future Australia management team
Ace has announced the leadership team in Australia once the acquisition of Chubb is completed.
FCA head McDermott out of running for top job
The Financial Conduct Authority has confirmed Tracey McDermott had ruled herself out of the top job at the regulator, following comments by Chancellor George Osborne today (7 January).
Covéa confirms completion of Sterling integration
Sterling Insurance is no longer a separate trading entity having formally integrated into Covéa Insurance on 1 January 2016.
IUA sets up D&O group for company market underwriters
The International Underwriting Association has established a London company market group for directors' and officers' underwriters.
Ifed inquiry leads to jail time for income protection fraudster
A 28-year-old man has been jailed for more than three years after he attempted to defraud two insurance companies out of £97,824 for lost income for a job he never had due to an illness he falsely claimed to be suffering from.
Aviva investigation puts brakes on party bus claimants
Aviva has successfully quashed attempts by passengers on a double-decker ‘party bus’ to erroneously claim more than £250,000 for whiplash injuries supposedly caused by a minor collision.
UK floods to 'significantly weaken' 2015 earnings, says Fitch
Ratings agency Fitch said the impact from recent flooding in the UK could weaken earnings for some firms and take the year combined ratio above 100%.
Gang of eight convicted in motor fraud
A crash-for-cash scam, which saw insurers pay out more than £120,000 to fraudsters, has seen another man convicted of conspiracy to defraud.
MSIG Singapore to review haze exemption in travel policies
MSIG has promised to review its "travel inconvenience" sections after being criticised for not covering passengers delayed by widespread haze from Indonesia last year.
Ageas takes from Zurich and promotes from within for New Year reshuffle
Ageas has made moves in underwriting and broker development, with Niraj Shah moving from chief actuary to underwriting director and Joel Markham back from Zurich to head regional broker development.
RSA looks to Aviva and ERS for broker relations hires
RSA has hired from Aviva and ERS to add two strategic account directors at the insurer.
Blog: Plentiful capital, soft markets and the case for the specialist mutual
In an insurance market where seemingly never-ending new capital results in a perpetually soft market, with large insurers capable of undercutting their smaller competitors, the established expertise of specialist mutuals will continue to provide an…
Technology: The future of farming
The rural idyll of the UK's farmlands may be the last place many would expect to find a technological revolution. However, as the Internet of Things continues its steady creep into every aspect of life, Britain's agricultural industry has not been left…
China's insurers establish government investment fund
China's insurers and reinsurers have established the China Insurance Investment fund in Shanghai's free trade zone.
Foil to meet with MoJ to discuss declining court service post-Jackson
The court service is now performing worse than it was before the Jackson reforms were introduced, according to the majority of the Forum of Insurance Lawyers’ members.
C-Suite - Insurer: Extending the claims team
If a customer's home has been flooded, affected by fire, weather or some other unforeseen circumstance, they are going to be pretty upset.
AM Best predicts December storms will pressure 2015 earnings
The December 2015 storms and floods will put pressure on the 2015 earnings of UK property insurers but will have little impact on balance sheet strength and ratings, according to AM Best.
LV and Swiss Re add support to tech innovator
Technology incubator Start-up Bootcamp has partnered with LV and Swiss Re on its Insurtech programme, which announced its 2016 cohort of start-ups last month.