Insurer
Brexit offers UK insurers respite on ECJ VAT ruling for outsourced claims
UK insurers are facing significant increases to the cost of outsourced claims handling if the government is forced to align its VAT position to a recent European Court of Justice ruling, but the June vote on whether the UK should leave the European Union…
Former Ageas CEO Smith joins Uinsure
Barry Smith will join Manchester-based general insurance provider Uinsure as non-executive director, following his departure from Ageas in October last year.
Budget 2016: Latest IPT rise could ‘interfere’ with Flood Re’s primary objectives
Commentators warn it is paramount that people are not dissuaded from taking out policies
Budget 2016: Corporate tax changes aimed at banks could impact insurers offsetting losses
Insurers hit by rises in claims as a result of the recent floods and increases in insurance premium taxes will also now face corporate tax changes that will affect them offsetting losses.
Budget 2016: Safe Harbour lanes mooted as UK shifts gears on autonomous vehicle investment
A £15m ‘connected corridor' from London to Dover, driverless car and truck platooning trials were all outlined as part of the 2016 Budget in a move to retain the UK's position in the market.
IFB appoints new investigations head
The Insurance Fraud Bureau has appointed Jason Potter as its new head of investigations, effective from today (21 March).
The Claims Awards 2016 shortlist is out today
The Claims Awards shortlist is out today.
ABI adds DAC Beachcroft as second associate member
The Association of British Insurers has added law firm DAC Beachcroft as an associate member, the second since the category was created by the ABI.
Axa chairman and CEO Henri de Castries to step down
Axa’s long-serving CEO and chairman Henri de Castries will retire and leave the board of directors on 1 September with the role to be split following his departure.
Three senior Asia AIG managers leave as insurer reduces costs
Post understands three senior Asia AIG managers have been made redundant as the insurer looks to reduce costs.
Lai promoted at Generali to Asia chief underwriting officer
Generali Global Corporate and Commercial has appointed Ken Lai as chief underwriting officer Asia, commercial lines.
Video: QBE European Operations CEO Richard Pryce
Speaking to Post news editor Callum Brodie, QBE European Operations CEO Richard Pryce gives his take on industry game-changers in 2016, while also providing an insight into his own organisation's strategy.
Quiz of the week - 18 March
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Crawford TPA Broadspire to be led by Sutcliffe as Clubley steps down
Crawford & Company’s third-party administration business Broadspire has replaced Margaret Clubley as managing director of its UK business with Ian Sutcliffe, former Crawford UK client relationships director.
Generali appoints Donnet as group CEO
Italian giant Generali has appointed Philippe Donnet, Generali's Italy country manager, as group CEO.
Blog: Insurers - ignore the Millennials at your peril
After spending decades in the insurance industry on several continents, it never ceases to amaze me how we continuously fail to adapt to change as effectively as other industries around us.
Pressure tipped to rise on insurers' use of price optimisation
Insurers should think about the possibility of price optimisation being curtailed, a leading insurance ethicist has outlined in a Chartered Insurance Institute think piece.
NFU Mutual shrugs off £50m flood loss to post 83% 2015 underwriting profit
Rural insurer NFU Mutual delivered an 83.7% increase in underwriting profit to £281m in 2015 (FY 2014: £153m) despite suffering a £50m loss caused by flood claims at the tail end of last year.
Budget 2016: Insurers could be hit with higher tax under losses restriction
Firms with profits over £5m will be restricted in the amount of taxable profits they can offset as losses carried forward, according to an announcement in yesterday’s (16 March) Budget.
Markel launches fintech protection
Markel International has launched a policy that offers protection for businesses operating in the fintech sector.
VIG plans for growth as €172m preliminary profit announced for 2015
Vienna Insurance Group has targeted at least 10% growth in Poland, Hungary, Croatia and Serbia over the medium term as the company announced a €172m (£134m) preliminary profit before tax for 2015.
Admiral’s Engelhardt says 'thank you' to employees with £7m in cash
Admiral CEO Henry Engelhardt will mark his retirement in May by giving away £7m of his own money to employees.
ECJ decides claims handling should be subject to VAT
Insurers and policyholders could be facing increased costs following a European Court of Justice decision that claims handling was not within the scope of the VAT exemption for insurance-related services.
QBE to move on from England sponsorship with new sporting deal
QBE will unveil a new sporting sponsorship deal next month following the expiry of its partnership with England Rugby last year, Post can reveal.