Insurer
Blog: Insurers need to invest in handling subsidence claims
Insurers may not be saving that much money by cutting back on subsidence claims handling, notes Nick Turner, professional services director at Claims Consortium Group, arguing that triage and on-site inspections can help provide a smooth service and…
Claims aggregation: Joined-up thinking
The Supreme Court ruling in AIG has clarified the conditions under which claims can be aggregated, allowing insurers to reduce their exposure, but future cases will remain highly fact-sensitive
Shah to leave JLT Asia
Ronak Shah, regional director of financial lines for Asia at JLT, will soon be leaving the UK-headquartered broker for an international insurer.
NMU declines to comment on rumours of office closures
NMU has declined to comment on rumours that it plans to consolidate its Letchworth, Kent and London offices.
London failing to stem reinsurance decline, says LMG
The London market is losing ground as a global centre for reinsurance and faces significant challenges in emerging markets and diversity, according to the London Market Group
13 insurance firms make it onto the London Stock Exchange 1000 Inspirational Companies List
Nexus underwriting has made the London Stock Exchange 1,000 Inspirational Companies List alongside 12 other insurance companies.
ERS appoints ex-AA head of counter fraud
ERS has hired ex-AA head of counter fraud, Steve Gaywood, as the new head of counter fraud for the syndicate.
Costa Concordia captain's sentence upheld
The captain of the Costa Concordia, which capsized in 2012 killing 32 people, has had his 16-year jail sentence upheld.
Legal Update: New technology risk in construction
Construction professionals using unproven technologies may inadvertently affect their professional indemnity cover if they fail to disclose all relevant information to their broker and to keep their insurer in the loop, warns Hannah Cane, partner and…
QBE merges underwriting divisions to form 'Brexit friendly' business
QBE is to combine its underwriting divisions to form a single "Brexit friendly" business.
Axa tops Brokerbility bi-annual survey
Brokerbility has completed its bi-annual member survey, with Axa retaining the top spot for the eighth year running.
NHS attack highlights industry's 'wrong direction' on cyber
A ransomware attack on the NHS has highlighted the “wrong direction” the insurance industry has taken on cyber, experts have warned.
AIG appoints Duperreault as CEO
AIG has appointed Brian Duperreault as president and CEO, replacing Peter Hancock.
Updated: Markerstudy flagged as credit risk on Biba Litmus Test
Markerstudy has been flagged up as a credit risk on a ‘litmus test’ of unrated insurers by the British Insurance Brokers’ Association.
JRW Group sees premium growth in 'niche' sectors
JRW Group has reported stable pre-tax profits of £2m in 2016, same as in 2015, after the introduction of its new brands Insure 4 Drones and Insure 4 Boats.
LV approached by 'number of parties' over possible GI unit sale
LV has confirmed that it has been approached by a “number of parties” regarding possible strategic transactions relating to its general insurance operations.
Plum Underwriting appoints Davies Group as claims partner
Plum Underwriting has appointed Davies Group as a claims partner across its e-traded household and let property business.
Slater and Gordon to make £600m claim against Watchstone
Slater and Gordon intends to make a £600m claim against Watchstone Group by the end of the month.
Blog: Underwriters need to know their knowns and unknowns
Underwriting behaviours can be embodied by three famous Donalds: Duck, Trump and Rumsfeld, observes Nick Dinsdale, portfolio manager at Covéa, adding that quantifying the known and unknown facts will help make informed decisions.
Week in Post: Bonsai trees, jelly beans and the thousand-yard stare
The majority of the Post team started the week as ‘virgins’ of the British Insurance Brokers’ Association annual conference. This morning, I see most of them have the same look in their bloodshot eyes. War veterans call it the thousand-yard stare.
Allianz in talks over acquisition of LV GI unit: Sky News
Allianz Group is reportedly in early talks for the purchase of LV’s general insurance division.
ABI calls for dual rate for personal injury payments in Ogden rethink
The Association of British Insurers has suggested changes to the way the personal injury discount rate is set, calling for a dual-rate system for calculating lump sum payments in personal injury claims.
Horwich Farrelly to focus on defendant insurance work after closure of claimant arm Zest Legal
Horwich Farrelly has unveiled plans to shut its claimant legal arm, with the 42 staff impacted expected to be redeployed elsewhere in the business.
#BibaFever: B-B-Q: What brokers and insurers want from the next government
Delegates at the British Insurance Brokers’ Association conference have asked the next government for some stability.