Insurer
Man remanded in custody after Liverpool bomb scare in insurer's office
Merseyside Police on Friday (8 January) arrested a man who entered the premises of Munich Re subsidiary Groves, John & Westrup carrying a "suspect package".
Sian Fisher announced as CII CEO
The Chartered Insurance Institute has named former Arthur J Gallagher chief underwriting officer Sian Fisher as its new CEO.
HDI Gerling unveils new name
HDI Gerling Industrie Versicherung has rebranded to operate under the name HDI Global SE with immediate effect.
Flood victims given £24m by insurers in emergency payments so far
Insurers have forked out almost £24m so far on emergency payments to families and businesses effected by the floods caused by storms Desmond, Eva and Frank during December and over the New Year.
NZ$115m of New Zealand catastrophe insured losses in 2015
Natural disasters cost insurers in New Zealand NZ$115m (£52m) last year down from NZ$153m in 2014 according to the Insurance Council of New Zealand.
Axa moves 35 finance roles to India resulting in 33 UK redundancies
Axa has made 33 staff at its Lytham St Annes office in Lancashire redundant after a decision to move 35 credit control roles to Pune, India.
Fresh direction for Norwegian Hull Club as new CEO takes the reins
Marine insurer Norwegian Hull Club’s new CEO Faz Peermohamed will review the club’s offering in a bid to identify new opportunities.
Industry facing 108% COR for 2015 as floods wreak havoc on home profits
Insurers’ profitability for home insurance in 2015 has been put into freefall by the intense period of wet weather in December, with combined operating ratios for the year estimated to have deteriorated 16 percentage points to 108%.
Thousands of policyholders see refund from Iceland-based Eric
More than 2600 customers of the failed Iceland-based insurer European Risk Insurance Company (Eric) have received premium refunds from the Financial Services Compensation Scheme.
Quiz of the week - 8 January
Test your knowledge of the week's insurance news with the Post insurance quiz of the week.
Detail on AIG strategy to be revealed
AIG will provide a strategy update and release its fourth quarter results on 26 January, following a number of cost-cutting measures last year in a bid to save up to $500m (£341m).
Blog: The IoT is a marathon, not a sprint, for insurers
Customer propositions and experiences encompassing the Internet of Things are changing the way we live, from health trackers to remote heating controls. Even our white goods are getting smarter: Amazon has teamed up with manufacturers, allowing…
Ace announces future Australia management team
Ace has announced the leadership team in Australia once the acquisition of Chubb is completed.
FCA head McDermott out of running for top job
The Financial Conduct Authority has confirmed Tracey McDermott had ruled herself out of the top job at the regulator, following comments by Chancellor George Osborne today (7 January).
Covéa confirms completion of Sterling integration
Sterling Insurance is no longer a separate trading entity having formally integrated into Covéa Insurance on 1 January 2016.
IUA sets up D&O group for company market underwriters
The International Underwriting Association has established a London company market group for directors' and officers' underwriters.
Ifed inquiry leads to jail time for income protection fraudster
A 28-year-old man has been jailed for more than three years after he attempted to defraud two insurance companies out of £97,824 for lost income for a job he never had due to an illness he falsely claimed to be suffering from.
Aviva investigation puts brakes on party bus claimants
Aviva has successfully quashed attempts by passengers on a double-decker ‘party bus’ to erroneously claim more than £250,000 for whiplash injuries supposedly caused by a minor collision.
UK floods to 'significantly weaken' 2015 earnings, says Fitch
Ratings agency Fitch said the impact from recent flooding in the UK could weaken earnings for some firms and take the year combined ratio above 100%.
Gang of eight convicted in motor fraud
A crash-for-cash scam, which saw insurers pay out more than £120,000 to fraudsters, has seen another man convicted of conspiracy to defraud.
MSIG Singapore to review haze exemption in travel policies
MSIG has promised to review its "travel inconvenience" sections after being criticised for not covering passengers delayed by widespread haze from Indonesia last year.
Ageas takes from Zurich and promotes from within for New Year reshuffle
Ageas has made moves in underwriting and broker development, with Niraj Shah moving from chief actuary to underwriting director and Joel Markham back from Zurich to head regional broker development.
RSA looks to Aviva and ERS for broker relations hires
RSA has hired from Aviva and ERS to add two strategic account directors at the insurer.
Blog: Plentiful capital, soft markets and the case for the specialist mutual
In an insurance market where seemingly never-ending new capital results in a perpetually soft market, with large insurers capable of undercutting their smaller competitors, the established expertise of specialist mutuals will continue to provide an…