The December 2015 storms and floods will put pressure on the 2015 earnings of UK property insurers but will have little impact on balance sheet strength and ratings, according to AM Best.
The UK was affected by three named storms in December 2015: Desmond, which landed on 5 December; Eva, which followed on 26 December; and Frank, which hit on 29 December. Estimates from accounting firm...
An accountant for the British Insurance Brokers’ Association has been jailed for 18 months.
American International Group is in discussions to sell its shares in Ascot Underwriting.
KPMG published last week its latest Pulse of Fintech report, including the investment figures for the year-to-date in the insurtech space.
The Financial Conduct Authority has confirmed that it has formally approved the acquisition of Target Group by digital transformation specialists Tech Mahindra.