Insurer
Proposal for compulsory pet insurance backed by software firm
Aquarium Software has backed calls for pet insurance to be made compulsory by law in Scotland as a step in the right direction for owners, animals, vets and insurers.
Aviva notes 19% rise in cash for crash as 4000 suspect claims are studied
Aviva has revealed it is looking into more than 4000 suspect whiplash claims after confirming it received five of the 28 fraudulent claims involved in a major cash for crash ring in Wales that cost insurers more than £763,000.
Motor rates accelerate as government's IPT hike is rolled out
The government’s introduction of higher insurance premium tax last month has served to accelerate average annual best buy motor policy deals by 10.9% to £696, according to market research conducted by Consumer Intelligence.
Insurers pay millions to those hit by Storm Desmond
Insurers have paid out £2.6m in emergency funding and housed 1500 families in alternative accommodation following Storm Desmond, according to analysis by the Association of British Insurers.
Man-made disasters increase insured losses
Total economic losses from natural and man-made disasters will hit approximately $85bn (£56bn) this year, with $32bn of those losses covered by insurance.
Zurich to spend up to £702m on US agricultural insurer
Zurich's subsidiary, Zurich American Insurance Company, will buy US agricultural insurer Rural Community Insurance Services for up to $1.05bn (£702m) from Wells Fargo, which will strengthen its top five position in US commercial insurance.
High Court PI claims at a five year high, law firm finds
The number of personal injury claims at the High Court has reached its highest level in five years, according to figures obtained by law firm Nockolds.
Two nominees for Zurich board announced
Zurich has proposed two new board members for election including former Standard Life CEO David Nish.
Quiz of the week - 18 December
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Blog: How to make the subscription market work
The relationship between co-insurers on a risk lies at the heart of how the London subscription market works.
Major motor fraud ring in Wales busted by police
An investigation into a major crash-for-cash ring in Wales has led to 81 convictions, including some with substantial jail time, in the largest police operation into insurance fraud undertaken to date.
Desmond floods
Read all the news, analysis and first-person accounts of Storm Desmond, the Cumbria floods and the insurance world's response.
Fitch downgrades French non-life sector forecast
The French non-life insurance sector has seen a revised outlook to negative from Fitch Ratings, moving the sector from its previously stable rating.
New CEO for Nordics, Russia and Turkey at AGCS
Peter Hecht-Hansen has been appointed CEO of Nordics, Russia & Turkey at Allianz Global Corporate & Specialty, subject to regulatory approval.
BLM becomes ABI’s first associate member
Law firm BLM has become the Association of British Insurers’ first associate member.
RSA lands Nationwide account from DLG
RSA will take over from Direct Line Group as underwriter for all of Nationwide’s home insurance products from 2017.
Europe: Russian insurance market, preliminary 2015 results and 2016 forecasts
Post asks experts at the Central Bank of Russia to share their views on how the domestic insurance market fared in 2015, and their predictions for the coming year.
Nexus adds to specialist team with Millstream Underwriting
Nexus Underwriting Management has continued its growth, acquiring Millstream Underwriting today (17 December).
Covéa to enter direct motor market in 2016
Covéa Insurance will launch a direct motor insurance offering, with a live date planned for early 2016.
Post magazine - 17 December 2015
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.
Insurers should prepare for claims after MPs' fracking decision
Insurers must brace themselves for claims from disgruntled homeowners and businesses following MPs voting today (16 December) to allow fracking under national parks in the UK.
Takeover date announced for Crane at LV
Mike Crane will officially take over as managing director at LV broker on 1 January next year.
Road cyclist Dowsett becomes Pedalsure ambassador
Road racing champion Alex Dowsett has become an ambassador for cycling insurer Pedalsure.
London market insurers look to investment returns to support 2016 profitability
One in four London market insurers will rely on investment returns to prop up profits in 2016 amid predicted premium rate reductions of more than 10%, according to a PWC review.