Articles by Burhan Khadbai
#postpeople 25 - 29 April 2016
All the latest insurance industry market moves between 25 and 29 April 2016.
R&Q jumps to profit following strong legacy acquisitions contribution
Randall & Quilter reported a rise in pre-tax profit to £2.8m in 2015, from a loss of £1.6m the previous year.
Covent Bridge in talks to make trio of acquisitions
Investigation firm Covent Bridge Group is in discussions to make three acquisitions as it looks to expand its UK and European footprint.
Career File: Tracey McDermott and Sam Woods
McDermott to step down as interim FCA boss, as PRA appoints Woods as CEO
Covéa Insurance names Carol Geldard as personal lines director
Covéa Insurance has appointed Carol Geldard, pictured, to the newly-created role of personal lines director, effective from 1 June.
UK aircraft collision calls for greater regulation of drones
Experts have called for greater regulation of drones to minimise the risks to aviation, following a drone collision with a British Airways flight.
Brightside hires Markerstudy retail boss Russell Bence
Brightside Group has appointed Russell Bence as its managing director of volume lines.
Two brokers lose permission to carry out regulated activities under FCA
Brokers David Michael Sayer and Lester Evans have lost their Part 4A permission to undertake regulated activities under the Financial Conduct Authority after failing to pay overdue balances.
Parliament and Treasury Committee’s power ‘greatly strengthened’ in hiring process of FCA CEO
The House of Commons’ and the Treasury Committee’s influence on the appointment and dismissal of the FCA’s CEO has been heightened, according to the latter’s chair, Andrew Tyrie.
#postpeople 18 - 22 April 2016
All the latest insurance market moves between 18 and 22 April 2016.
Car insurance premium prices static in Q1 2016
The average price for comprehensive car insurance premium stood unchanged at £671 in the first quarter of 2016, according to the latest Confused.com Car Insurance Price Index in association with Willis Towers Watson.
Allianz UK direct home and motor exit a ‘good sign’ for brokers
Allianz UK’s proposed withdrawal from the direct home and motor markets was welcomed by brokers as it will go towards reducing competition in an overcrowded market.
Biba, IBSC join forces to create standards committee
The British Insurance Brokers’ Association and the Insurance Brokers’ Standards Council have formed a standards committee to create a single code of conduct for insurance brokers.
XL Catlin appoints head of insurance strategic client and broker management
XL Catlin has named Philippe Gouraud as its head of strategic client and broker management for its insurance division.
QBE inks British and Irish Lions sponsorship deal
QBE has announced a sponsorship agreement with the British and Irish Lions for its 2017 tour of New Zealand.
Markel in talks to make trio of redundancies following restructure
Markel International is in redundancy talks with three of its employees, following a wholesale business restructure announced on 13 April, Post understands.
Markel reduces number of operating divisions
Markel International has reduced the number of its operating divisions from seven to three, with the changes effective from 1 May.
Gen Re CEO to retire by end of 2016
Tad Montross, CEO at Berkshire Hathaway-owned global reinsurer Gen Re, will retire by the end of the year, according to a spokeswoman at the firm.
Gallagher swoops for two US retail brokers
Arthur J Gallagher has acquired two US retail insurance brokers in deals that closely follow it agreeing an $800m unsecured credit facility earmarked for acquisitions.
CJCA s57 fundamentally dishonest ruling sends 'strong message' to fraudsters
The first fundamentally dishonest ruling under section 57 of the Criminal Justice and Courts Act 2015 will act as a significant deterrent to potential fraudsters, according to the Association of British Insurers and law firm Horwich Farrelly.
KGM retrieves costs after first fundamental dishonesty ruling under CJCA s57
KGM, the UK motor insurance subsidiary of Sompo Canopius, will be repaid £6100 in costs after the first ruling of fundamental dishonesty under section 57 of the Criminal Justice and Courts Act 2015.
Covéa Insurance hails ‘fantastic progress’ as COR and GWP improve
Covéa's UK insurance arm reported an improved gross written premium of £473m (2014: £445m) and combined operating ratio of 96.9% (2014: 97.8%) in its 2015 results.
Blog: Five things I have learnt about insurance in five weeks
Since joining Post at the end of February, I have come to appreciate just how important insurance is to business. They both go hand in hand. Without insurance, business simply could not operate. Insurance is the grease to the wheels of the commercial…
Cherish in talks to provide Welsh-translated Axa policy to broker Tarian
Essex-based wholesale broker Cherish Insurance Brokers is in discussions to translate its Axa policy into Welsh for bilingual high street broker Tarian, Post can reveal.