The Association of British Insurers held a cross-sector roundtable yesterday to discuss the reduction to the Ogden discount rate.
Malta-based PCC Building Block has partnered with Automovel Club de Portugal to launch health excess insurance to ACP’s members.
Insurance premiums will continue to skyrocket for motorists as a result of the government's decision to shelve proposed whiplash reforms, the AA has warned.
Allianz has made a strategic investment in US insurtech start-up Lemonade.
R&Q chairman and CEO Ken Randall has said the group is looking to simplify its business model as it identifies non-key assets for disposal.
The government's proposed whiplash reform has been kicked into the long grass as a result of the general election.
Bermudan insurance investor R&Q tripled pre-tax profits in 2016 to £8.5m from £2.8m in the previous year.
AIG expects to record a $100m (£77.9m) hit to its Q1 2017 pre-tax profits as a result of the cut to the Ogden discount rate.
Austrian Insurer Vienna Insurance Group has reported profits before tax of €407m (£340.7m) for 2016.
One in three insurance firms intend to set up operations outside the UK following Brexit.
Four out of 10 insurance workers in Northern Ireland received a pay increase in 2016, with on average increases of 3.7%.
Theresa May’s decision to hold a snap general election could delay the Ministry of Justice’s proposed whiplash reforms for years, campaign group Access to Justice has claimed.
The acquisition of Ryan Direct is a sign of “serious intent” by the private equity backers of Towergate, brokers said.
Ryan Direct Group has been bought by the private equity backers of Towergate, Madison Dearborn Partners and HPS Investment Partners.
Lloyd’s syndicate Probitas 1492 has stated it will continue to trade as usual following the appointment of liquidators at majority owner Istmo Re.
Motorists are now paying on average £110 more for comprehensive car insurance than they did this time last year.
Malta-based Building Block has signed an agreement with broker Slora to sell gadget insurance in Spain.
A ghost broker has received a suspended sentence of 16 weeks in prison after putting drivers at risk by setting up false insurance policies.
Barbon Insurance Group has appointed Mark Witherspoon as non-executive director, subject to the usual regulatory approval.
A crash for cash fraudster who staged accidents in Kent has received a two year prison sentence after being found guilty of conspiracy to defraud.
Open GI has acquired rival software house Transactor in a deal valued at £40m.
Perils has made an initial loss estimate for February’s Storm Thomas of €213m (£182m).
Liberty Specialty Markets has appointed Alexandra Paton as head of Continental Europe for global financial risks.
Co-op Insurance made an operating loss of £18m in 2016, despite seeing gross written premiums rise by 15%.