Insurer
Beazley chalks up 6% premium growth in opening nine months
Beazley CEO Andrew Horton has heralded his firm’s strategy of targeting attractive opportunities in a highly competitive market after delivering premium growth of 6% to $1.64bn (£1.08bn) in the first nine months of 2015.
GB Underwriting snaps up UK property book from Kay International
GB Underwriting has acquired Kay International’s portfolio of UK property business in a deal that is billed as a “significant enhancement” to the independent managing general underwriter’s properties insurance capabilities.
Flood Re one step closer with regulations signed
Flood coverage for high risk properties is one step closer today (11 November) with regulations for Flood Re coming into force.
Post magazine - 12 November 2015
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.
Long road to digital success for insurers, Accenture survey finds
Improving customers’ experience is a top priority for insurers but most are failing to stand out from the crowd online, according to a survey of industry leaders.
Household premium falls continue but tax rise could see reversal
Home insurance premiums are continuing to fall with the average price dropping 5.8% to £114 in the year to September, according to research from Consumer Intelligence, but a reversal could be on the cards.
Keychoice unveils new leadership team amid growth plans
SSP’s distribution business Keychoice has recruited staff from BGL Group, Marsh and Swinton to form a new team as it launches the next phase of its growth and evolution plan.
Travel: Winter Sports: Prang on the piste
Snowflakes have barely started falling in the Alps but already the media is asking how well our travel insurance policies will protect holidaymakers if their trip is hit by cancellation or calamity
In Series: Windstorms: Postcode lottery
The nature of windstorms requires a different, broader approach to underwriting.
Novae CEO Fosh confident for Q4 despite softening market
Novae Group CEO Matthew Fosh believes the specialist Lloyd’s player is “well positioned” for the final quarter, despite a softening rating environment, after achieving a 20.3% uptick in gross written premiums over the opening nine months of 2015.
Fraud specialists urge importance of mutually beneficial IFB affiliate model
Fraud experts have urged the Insurance Fraud Bureau to ensure its proposed affiliate membership model is mutually beneficial to existing and prospective members and that data security sits at the heart of the initiative.
RAC to provide breakdown products to Eldon policyholders
Eldon Insurance has teamed up with the RAC in a partnership deal that will see the latter provide a range of breakdown products to Eldon policyholders.
Esure GWP rises 5% at nine month stage as rating actions bed in
Positive rating actions and footprint expansion in home and motor lines of business have seen Esure increase gross written premium by 5% to £430.5m in the first nine months of 2015 (9M 2014 £410m).
The State of the Insurer Nation: Week Four: Data, social insurance and emerging risks
In the fourth report covering the results of Post’s latest State of the Nation survey, Mairi MacDonald asks how important data is, how social insurance and social media tools fit into the sector and what the emerging threats are for our CEOs and managing…
Penny Black's Social World - 12 November 2015
All the latest online news
Penny Black's Insurance Week - 12 November 2015
A policy renewal letter ‘sent in error’ has given national newspapers the opportunity to partake in one of their favourite activities – bashing insurance companies.
Legal Update: A more level playing field?
Recent cases indicate a more robust court approach to vicarious liability, says Alastair Gillespie.
Asia Listings: A closer look at Asia-Pacific
The general insurance market is not uniform in the Asia-Pacific region. From consolidation in Japan to potential in China to sophistication in Australia, movers and shakers face a variety of situations and opportunities.
Interview: Duncan Rutter: A busy year coming
High-profile reviews impacting the legal sector and the ongoing fight against fraud promise to keep incoming Forum of Insurance Lawyers president Duncan Rutter busy during his year in office. Post caught up with him to discuss his plan of action.
Zurich's commercial broker business admits it was 'difficult to trade with'
Zurich's commercial broker division has admitted it was previously "difficult to trade with" with too many contact points and hand offs around its specialist teams.
C-Suite - Insurer: The devil in the details
Urgent changes need to be made to remove the financial incentives at the heart of injury claims.
Editor's comment: Man on the moon
This week John Lewis released its Christmas advertisement – the Man on the Moon – causing even the most stiff-upper-lipped Brit to shed a tear.
Brokers expect to benefit from Zurich's cost-cutting programme
Zurich’s decision to implement a cost-cutting initiative that will result in up to 440 UK redundancies has been welcomed by brokers who believe that removing a layer of management will produce tighter relationships with regional branches.
FCA approves Osprey takeover
The Financial Conduct Authority has approved Thomas Miller's proposed acquisition of Osprey Holdings, the parent company of Osprey Underwriting Agency.