Insurer
Allianz UK reports 102.6% COR alongside £93m storm loss
Allianz UK has reported a 2015 combined ratio of 102.6% (2014: 97.6%) with the December 2015 storms costing the business £93m.
Quiz of the week – 19 February
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Blog: Super hero insurance takes on the DC and Marvel Universes
With Marvel's Deadpool currently setting the cinema box office alight, and plenty more comic adaptions on the way starting with Batman versus Superman in March, I thought it might be time for some Friday fun.
Theresa May visits Ifed officers as new fraud taskforce is launched
Home Secretary Theresa May MP visited officers and staff from the Insurance Fraud Enforcement Department last week as she launched a new fraud taskforce geared towards achieving a more joined-up approach to tackling fraud.
First ruling on 'fundamentally dishonest' NIHL claim awards Allianz costs
The first “fundamental dishonesty” ruling has been made on a noise induced hearing loss claim, with the insurer behind the case, Allianz, able to recover costs as a result.
Allianz-owned Euler Hermes reports £324m profit in 2015
Allianz trade credit subsidiary Euler Hermes today revealed an operating profit of €417m (£324m) in 2015 on revenue of €2.64bn.
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What is the industry doing right in terms of attracting new talent? What is it doing wrong?
Blog: Does the idea of Google parent Alphabet buying AIG have legs?
Earlier this week Citigroup analyst Todd Bault triggered a number of headlines and healthy amount of debate by suggesting that AIG should be acquired by Google’s parent company Alphabet.
ERS COR dips below 100% but profit declines
Motor insurer ERS has reported a combined operating ratio below 100% - 99.8% - for the first time since 2009.
XL Catlin hires from Asia Capital Re for political risk role
XL Catlin has appointed Lim Mei Yean as an underwriter in its political risk and trade credit team based in Singapore.
Post Magazine - issue date 18 February 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.
Thousands of commercial motor fraud cases uncovered by Aviva
Aviva detected almost 2200 cases of commercial motor fraud in 2015, with the company now set to screen all such policies for fraud at application.
Data breach at Aviva’s online offering Quote Me Happy
Customers of Aviva brand Quote Me Happy were able to see the contact information of other clients, but the insurer says it was a small percentage and the details could not be altered.
Ageas will replace UK General capacity deal
Ageas will look to replace the agreement it had with UK General after it was announced Great Lakes Reinsurance (UK) will takeover as the managing general agent's major capacity provider.
CII boss Fisher urges industry to seize opportunity on balancing gender pay
One of the most high profile women within the UK general insurance community has urged the industry to become a “model example” of how to balance gender pay in the financial services sector.
New home in Cheesegrater for Brit
Specialty insurer Brit has completed its move to the iconic Leadenhall Building in London.
Storms to cost Ageas £46.1m as FY profit slides
Ageas estimates it will pay £46.1m worth of claims following the December 2015 storms and floods, taking its 2015 combined ratio to 102% (2014: 99.8%).
Fosun withdraws from Israel purchase
Chinese conglomerate Fosun has decided to end the firm's bid to buy a controlling 52% stake in Israeli insurer Phoenix.
IAG's half year profits fall 19.5% as provisions for 2011 Christchurch earthquake rise
Australian giant IAG is still counting the cost of the 2011 Christchurch earthquake and announced a 19.5% fall in profits for the first half of the 2015/16 financial year.
Penny Black's Insurance Week - 18 February 2016
Penny is a dedicated fan of food and is proud to say she has eaten snails, frogs legs, ostrich and possibly even horse meat (although not through choice) and she is open to trying anything once.
Penny Black's Social World - 18 February 2016
All the latest news from the worldwide web
Career Development: L&G Business Quality Awards
Legal & General celebrated the best independent financial advisers and network advisers last week, with its annual Business Quality Awards.
Legal Update: Time for insurers to get ready
A growing number of cyber incidents means insurers must prepare strategies to deal with a range of new business interruption liabilities.
Intellectual Property: Protecting bright ideas
It is a sad fact that most businesses only appreciate the value of intellectual property insurance once it is too late. So why is it vital?