Company news
Allianz Global Corporate & Specialty names CEO
Allianz Global Corporate & Specialty has appointed Joachim Müller as CEO, succeeding Chris Fischer Hirs.
Pioneer places syndicate in run off
Pioneer Underwriters has cut loose Syndicate 1980.
TMK recruits Matthew Shaw from Chubb as chief underwriting officer
Tokio Marine Kiln has appointed Matthew Shaw as chief underwriting officer.
Industry responds to 'jaw-dropping' behaviour at FCA headquarters
The insurance industry has reported mixed responses to reports of “shameful” behaviour by staff at the London offices of the Financial Conduct Authority.
Who is the best insurance employer in the UK market?
Does your employer go above and beyond to look after its staff? Are the perks you receive out of this world?
Diversity and Inclusion Q&A: EXL's Iulia Vernis
Diversity and inclusion is gathering pace in the insurance market, and Post editor Stephanie Denton sat down with Iulia Vernis, senior assistant vice-president for insurance for EXL, to find out how the market can do more.
Plan Group targets top 50 with Pedal Cover Plus buy
Plan Group has bought Kingswood Insurance Brokers, the owner of Pedal Cover Plus, as it targets becoming a top 50 independent broker within five years.
Eldon intending to rebrand as Somerset Bridge
Arron Banks' Eldon Insurance Services is planning to rebrand as Somerset Bridge by the end of the year, Post can reveal.
Ogden rate, large losses and claims inflation knock Allianz UK COR in Q3
Allianz reported operating profit of £100m for the year to date in its Q3 results, with its combined operating ratio slipping to 96.5% from 95.7% at the half year.
Lloyd’s to form single governing body
Lloyd’s of London has confirmed it will merge its Council and Franchise Board from 1 June 2020, after receiving widespread support from across the market and revealing ambitions to build the most 'advanced insurance market' in the world.
Lancashire appoints UK chief underwriting officer
Lancashire has appointed its UK chief underwriting officer from within, with incumbent Hayley Johnston set to become CEO of its Bermuda arm.
Munich Re sees man-made major loss claims quadruple for third quarter
Munich Re reported "relatively high" man-made major loss claims, which were more than four times the hit it took in Q3 last year.
RSA UK reveals £8m restructuring for Q3 amid cost cutting
RSA UK has booked £8m in restructuring charges for the third quarter, as overall the group reported its operating profit was up.
Analysis: Under the skin of Lloyd's Blueprint One
Lloyd’s has published Blueprint One: the first of a number of ‘blueprints’ it intends to produce over the coming years as it overhauls the market for the 21st century
Top 30 Asia Insurers: A volatile year
2018 was a volatile year for Asian insurers with the majority of them posting declines in gross written premium or sluggish growth. Christie Lee, senior director of analytics for Asia-Pacific at AM Best, explains the challenges they are facing.
Hiscox reserved $165m to cover Dorian, Faxai and Hagibis claims
Hiscox has reserved $165m to cover claims from Hurricane Dorian and Typhoons Faxai and Hagibis, while reporting it expects to see fees and profit commissions dip $25m this year.
Swiss Re suspends share buy-back programme as nat cats bite
Swiss Re has cancelled a share buy-back programme, following a hit from natural catastrophes, capital deployment and the suspension of Reassure's initial public offering.
I work in insurance: Tom Bennett, cyber incident specialist, CFC
Working as cyber incident specialist at CFC Underwriting Tom Bennett ensures he stays abreast of recent developments in both hacker methodologies and cyber defence strategies
This week in Post: Carnival spooks
This week, some Post colleagues and I attended CFC Underwriting's annual Halloween party. The theme this year was carnival, and accordingly, the party was full of clowns, fortune tellers and more than the odd Joker.
Ageas gears up for Dobson's exit with broker team reshuffle
Ageas UK has created three directors of distribution roles, with Chris Dobson set to retire at the end of the year.
SRIL buys Square Mile Broking
Miles Smith owner Specialist Risk Investments has acquired Square Mile Broking.
Zurich’s Cover-More appoints UK CEO
Exclusive: Ernesto Suarez, Halo founder and CEO, has been appointed UK CEO of Zurich's Cover-More.
Aston Lark acquires Lloyd’s broker
Goldman Sachs-backed consolidator Aston Lark has acquired Lloyd’s broker Protean Risk.
Sedgwick hires UK managing directors
Loss adjuster Sedgwick has appointed two managing directors for its UK operations.