Insurer
Budget 2016: Flood defences spend 'too little, too late'
The insurance premium tax rise and resulting £700m spend on flood defences could be "too little, too late" according to loss assessment firm Harris Balcombe.
QBE signs analytics partnership with WNS
India-based global business process management company WNS has signed a worldwide deal with Sydney-based insurance giant QBE.
Ecclesiastical achieves biggest underwriting profit in six years
Ecclesiastical CEO Mark Hews has heralded “a set of extremely positive results” after the insurer recorded an 11% rise in pre-tax profits to £53.6m in 2015 (FY 2014: £48.2m) alongside its biggest underwriting profit since 2009.
Budget 2016: Osborne increases IPT 0.5% with funds raised to be spent on flood defences
Insurance premium tax will rise again with Chancellor of the Exchequer George Osborne today (16 March) announcing in his Budget speech a 0.5% increase effective from 1 October.
Forces Financial offers free telematics with car insurance
Forces Financial, the financial services firm for the UK military, is offering a free telematics device with all new car insurance policies from 21 March.
Post magazine – issue date (17 March 2016)
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.
CII's Fisher proposes insurance apprentice 'buddy scheme' to government
Sian Fisher, CEO of the Chartered Insurance Institute, has written to the government to propose an insurance buddy scheme for apprenticeships, which would take advantage of the ability to use levy contributions outside of firms.
London is 'open for business' to Brazil says IUA's Matcham
International Underwriting Association CEO Dave Matcham has encouraged Brazilian customers to do business with London after changes to reinsurance regulation in the country have made it easier for clients there to access the London Market.
Tokio Marine Kiln appoints Paul Culham as group CUO
Tokio Marine Kiln has appointed Paul Culham as group chief underwriting officer with effect from 1 April 2016, subject to regulatory approval.
James Gerry appointed as MGAA chair
The Managing General Agents’ Association has elected James Gerry as chairman following the first meeting of its new board on Monday.
Zurich's Spencer links climate risks with economic growth in Asia-Pacific
Stuart Spencer, general insurance Asia-Pacific CEO at Zurich, warns the Asia-Pacific region could face a "perfect storm" if it fails to understand the full impacts of climate change.
Hong Kong Analysis: SMEs' more sophisticated approach
Intense competition and a slowdown in China’s economy will make the Hong Kong SME market more challenging writes Nicky Burridge.
Ping An's profits climbed 38% in 2015
Chinese financial services giant Ping An has reported a 38% rise in profits in 2015 to 54.2bn yuan (£5.88bn) compared with 39.3bn yuan in 2014.
Two 'manageable' issues holding up Flood Re PRA authorisation three weeks from launch, CEO McCafferty admits
Flood Re still has two obstacles to overcome before it is granted authorisation by the Prudential Regulation Authority - despite only being three weeks away from its proposed launch date (4 April).
Continuity for Aviva and brokers key as CFO Holmes takes on UKGI top job
The internal appointment of Colm Holmes to take over the Aviva UK general insurance reins from Maurice Tulloch has been billed as good news for brokers by commentators both insider and outside the insurer.
Editor's comment: The bad apple?
Regulation is a good thing … except where it is bad thing.
Drones: Attack of the drones
Unmanned aircraft and the risks they pose are under close scrutiny from the London market as it tries to decide what can and cannot be covered
Insurance jobs: A game of snakes and ladders
Insurance employees need the right skillsets if they are to keep their jobs. Which roles offer the most potential for future success?
Fraud: The fight goes on
The insurance fraud taskforce has reported, but now we are in limbo, so will there be work to ensure the report’s recommendations materialise or will it be a missed opportunity?
C-suite Insurer: Aviva's Rob Townend - Well done insurers
By showing the value of insurance and the claims process, customers may one day say “well done”
C-Suite MGA: Dual's Talbir Bains - Mind and matter
A culture of firm underwriting discipline will breed sustainability and scalability
Brain Training: 10 things you need to know about ... workplace monitoring
1. Insurance firms are increasingly well informed about the risks and obligations entailed in handling client data, but often less so about personal data relating to their own employees.
Penny Black's Insurance Week - 17 March 2016
Penny is feeling empowered as a women after spending Friday at the Southbank’s Women of the World festival of diversity.