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Campaigners call for ONS to collate motor data for policymakers

Fri, 20 Apr 2018 14:20:11 +0100

Exclusive: Campaigners have called for the Office of National Statistics to collate motor insurance statistics for use in parliament.

This week: Proceedings and premiums

Fri, 20 Apr 2018 10:41:22 +0100

This week the UK has been focused on court cases and Inquiries.

Sedgwick UK shakes up leadership team after Cunningham Lindsey merger

Fri, 20 Apr 2018 10:01:40 +0100

Stewart Steel has been named CEO of Sedgwick UK, which will be formed from a merger of Cunningham Lindsey and Vericlaim.

AIG moves European business to new UK and Luxembourg units

Thu, 19 Apr 2018 16:00:20 +0100

AIG has established new insurance companies in the UK and Luxembourg in order to ensure continuity of business after Brexit.

Konsileo to offer 'bespoke' customer data for underwriting

Thu, 19 Apr 2018 15:31:34 +0100

Konsileo said its service will improve the claims process for insurers by providing underwriters more insight into risks.

Generali to sell Belgium business for €540m

Thu, 19 Apr 2018 14:46:33 +0100

Italy’s largest insurer Generali is to sell its Belgium-based subsidiary to Bermuda-based Athora Holdings for €540m (£469.5m).

Ardonagh has an acquisitions warchest of £500m

Thu, 19 Apr 2018 12:12:02 +0100

The Ardonagh Group has an acquisition warchest of £500m and a pipeline of 50 deals, CEO David Ross said.

Ardonagh reports growth despite MGA headwinds

Thu, 19 Apr 2018 10:32:24 +0100

Ardonagh Group has reported a 30% growth in its adjusted Ebitda last year, despite pressure in its managing general agent services and corporate business.

Das v Asplin: Prosecution outlines arguments on fraud charges

Wed, 18 Apr 2018 17:09:25 +0100

The trial of former Das CEO Paul Asplin continued today (18 April) at Southwark Crown Court.

Brexit sends Anglo-American trade deal into disarray

Wed, 18 Apr 2018 12:58:38 +0100

The uncertainty surrounding Britain’s departure from the European Union has sent the prospect of a possible Anglo-American trade deal into question, the Lloyd’s market has heard.

Ex-AA boss Mackenzie sues group for £255m

Wed, 18 Apr 2018 10:25:55 +0100

Ex-AA CEO Bob Mackenzie has filed a claim seeking £225m in damages from the group.

Motor premiums have already started to fall: Fitch

Wed, 18 Apr 2018 08:29:47 +0100

Insurers have already started to reduce motor premiums ahead of the government’s proposed whiplash and discount rate reforms.

Ex-Das CEO Paul Asplin stands trial for fraud

Tue, 17 Apr 2018 18:14:02 +0100

Ex-DAS CEO Paul Asplin is alleged to have defrauded the insurer while he was CEO by encouraging contracts with companies he had an undeclared interest in, Southwark Crown Court heard today (17/4/2018).

Insurance data could have been used in Leave campaign, claims whistleblower

Tue, 17 Apr 2018 15:49:48 +0100

A witness to the parliamentary Fake News Inquiry has raised questions over the use of insurance data in the Leave.EU campaign.

Axa enters capacity deal with Gresham Underwriting

Tue, 17 Apr 2018 09:48:43 +0100

Axa has entered into a £20m three-year capacity deal with Gresham Underwriting, the managing general agent arm of Tasker Insurance Group.

Cunningham Lindsey to be rebranded Sedgwick following acquisition

Tue, 17 Apr 2018 08:38:44 +0100

Cunningham Lindsey will be subsumed under the Sedgwick brand following the acquisition of the adjuster last year.

Konsileo raises £2.7m in series A funding round

Mon, 16 Apr 2018 12:19:35 +0100

Insurtech broker Konsileo has raised £2.7m from a series A funding round and will use the capital raised to bolster its recruitment process.

Business leaders ‘turning their backs on Europe’

Mon, 16 Apr 2018 12:04:21 +0100

UK business leaders have turned their backs on Europe as political uncertainty and regulatory concerns see decision-makers’ focus on the domestic market, according to survey findings.

SSP users experiencing further difficulties following last week's disruption

Mon, 16 Apr 2018 11:01:01 +0100

SSP users are facing a fresh wave of issues this morning following problems with the platform on Friday.

Silent cyber holding back insurance market, survey claims

Fri, 13 Apr 2018 12:02:13 +0100

Silent cyber risk is the largest inhibitor to the growth of cyber insurance, according to a Post survey.

Insurtech start-up selects Amazon platform for launch

Fri, 13 Apr 2018 10:59:16 +0100

Insurtech start-up Thinco has selected Amazon Web Services to host its product launch.

Ghost broker jailed after making £321,000 of false car insurance claims

Fri, 13 Apr 2018 10:56:36 +0100

A ghost broker who used victims’ details to make £321,000 of false car insurance claims has been jailed.

London Market launches permanent body to manage market services

Fri, 13 Apr 2018 10:31:38 +0100

The London Market Group has launched London Insurance Market Operations & Strategic Sourcing, a permanent body to manage market services.

Government introduces rules to curb bogus holiday sickness claims

Fri, 13 Apr 2018 09:42:49 +0100

Government has given the go-ahead on new rules that will help clamp down on bogus holiday sickness claims.

Marsh UK CEO Mark Weil to leave the business

Fri, 13 Apr 2018 08:49:10 +0100

Marsh has appointed Chris Lay as CEO of its UK & Ireland region, pending the departure of Mark Weil.

Biba’s Steve White on why a transitional agreement is only the tip of the Brexit iceberg

Fri, 13 Apr 2018 06:00:00 +0100

News of a post-Brexit transitional agreement is a welcome one, writes Steve White, CEO of the British Insurance Brokers’ Association, however brokers must be wary that the hard work is still yet to come.

Insurtech initiative to set 'industry standard' for sector

Thu, 12 Apr 2018 17:01:19 +0100

Exclusive: A cross industry initiative has been established to draw up a roadmap for future insurtech innovation.

GRP buys Burnley-based Thomas Sagar

Thu, 12 Apr 2018 13:45:57 +0100

Global Risk Partners has acquired Thomas Sagar Insurances for an undisclosed sum.

Hamilton Bond was 'catalyst' for Jelf's Clark Thomson acquisition

Thu, 12 Apr 2018 12:44:06 +0100

Worcester-based claims consultant Hamilton Bond Group was the ‘catalyst’ for Jelf’s acquisition of Clark Thomson, according to CEO Phil Barton.

Jelf buys Scottish broker Clark Thomson

Thu, 12 Apr 2018 10:21:36 +0100

Broker Jelf is to acquire Clark Thomson, Scotland’s largest independent insurance broker.

Gallagher to become official Premiership Rugby sponsor

Thu, 12 Apr 2018 08:45:35 +0100

Gallagher is set to become the official title sponsor of Premiership Rugby from the 2018-19 season.

Eos launches $100m insurtech fund

Wed, 11 Apr 2018 17:12:55 +0100

A major insurtech investment fund will raise a $100m (£70m) fund to target insurance tech start-ups.

Barbican and Howden swept up in Gable fallout

Wed, 11 Apr 2018 15:35:32 +0100

Barbican Specialty Re and broker Howden are the latest companies to become embroiled in the fallout of Gable.

British Insurance Awards: 2018 shortlist revealed

Wed, 11 Apr 2018 11:58:00 +0100

C'mon everybody, it is shortlist time!

Marsh combines Middle East and Africa operations, appoints CEO

Wed, 11 Apr 2018 10:52:40 +0100

Marsh has combined its Middle East and Africa businesses and named Christos Adamantiadis as CEO.

Allianz partners with car sharing platform Drivy

Wed, 11 Apr 2018 10:11:35 +0100

Allianz Insurance has partnered with Drivy to provide insurance for users of their car sharing platform.

Sompo establishes new retail platform to integrate international businesses

Wed, 11 Apr 2018 09:38:38 +0100

Sompo International is establishing a new retail platform to facilitate the integration of all Sompo Holdings operations outside Japan.

Axa to take €339m restructuring hit

Tue, 10 Apr 2018 09:54:25 +0100

Axa is expecting to take a hit of around €339m (£295m) in H1 2018 as a result of a restructure of its Swiss arm.

FCA vows to bring dual pricing under the spotlight

Mon, 09 Apr 2018 14:57:19 +0100

The financial watchdog has vowed to tackle the problem of dual pricing in the coming year.

Carmaker gives three-year cover with every car bought in France

Mon, 09 Apr 2018 11:56:15 +0100

Japanese carmaker Subaru is offering three years of free comprehensive motor cover with every new car bought in France, our sister publication reports.

Horton succeeds Aubert as LMG chair

Mon, 09 Apr 2018 11:24:28 +0100

Beazley CEO Andrew Horton has been named chair of the London Market Group.

Underwriting pressure drives negative outlook for London market

Mon, 09 Apr 2018 11:06:51 +0100

Underwriting pressure from the high cost of doing business have caused Fitch Ratings to report a negative sector outlook for London market reinsurance and insurance in 2018.

Broker Network buys Weald Insurance

Mon, 09 Apr 2018 10:06:08 +0100

Broker Network has continued its acquisition spree by snapping up Surrey-based broker Weald Insurance.

Month in Post: He’s back and will bite at your ankles

Fri, 06 Apr 2018 11:48:41 +0100

There is always something troubling about a disembodied head. More so, when it is Arnie’s head and it is shouting at people at the bus stop.

Penny Black's Social World - April 2018

Fri, 06 Apr 2018 11:02:11 +0100

Princes and paralympians, beach clean and ice scene

Co-op Insurance reports £12m operating loss

Fri, 06 Apr 2018 10:54:44 +0100

Co-op Insurance has reported an operating loss of £12m for 2017, compared to a loss of £18m in the previous year.

Howden takes majority stake in Turkish broker ACP

Fri, 06 Apr 2018 10:34:15 +0100

Howden is to acquire a majority stake in a Turkish broker in a move to become one of Turkey’s largest insurance brokers.

Lloyd’s launches Casablanca office

Fri, 06 Apr 2018 09:45:16 +0100

Lloyd's has opened an office in Morocco’s Casablanca Finance City as the market targets growth in North Africa.

Amanda Blanc will 'wake up' Zurich, brokers say

Thu, 05 Apr 2018 15:19:41 +0100

Zurich’s capture of Axa UK CEO Amanda Blanc will “wake up” the insurer, brokers have said.

Amanda Blanc leaves Axa for Zurich

Thu, 05 Apr 2018 13:52:08 +0100

Axa UK’s CEO Amanda Blanc is joining Zurich as CEO for Europe, Middle East & Africa, in replacement of Gary Shaughnessy.