The acquisition of Markerstudy's Gibraltar-based insurance business cost Qatar Re just £37.9m once cash assets were taken into consideration.
The Financial Conduct Authority has closed its market study of wholesale insurance brokers, saying it had “not found evidence of significant levels of harm that merit the introduction of intrusive remedies”.
Ageas UK CEO, Andy Watson revealed that “pen has been put to paper” in the insurer’s recruitment drive for a chief risk officer.
What many insurance companies perceive when their customers renew is the illusion of loyalty. Oke Eleazu, chief operating officer at Bought By Many, argues consumers don’t have an affinity for their insurance company and renewals are usually down to convenience rather than devotion.
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With great sadness we confirm that Sir David Rowland, our former Chairman from 1993 to 1997, has passed away. He played a critical role in safeguarding the future of the Lloyd’s market through perhaps its most difficult period.— Lloyd's (@LloydsofLondon) February 18, 2019
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- Ageas UK closes in on chief risk officer
- FCA gives wholesale broking market a clean bill of health
- Ageas UK says long goodbye to Ogden impact as CEO Watson hails ‘strong’ motor performance
- Fly BMI collapse highlights insurance gap
- Markerstudy Gibraltar business cost Qatar Re owner £37.9m
- Ageas management shakeup continues as Jonathan Price joins as CFO from Aspen
- Chip shop worker jailed for £248,000 fraud
There is movement at the summit of our 2018 top 100 UK insurers. Find out who ranks highest in the Top 100 UK insurers in Post’s 2018 countdown, produced in association with AM Best.
Speaking to brokers and insurers in the sector Post asked them about the cyber landscape, coverage available and risk management.
Michèle Bacchus spoke to brokers to find out their thoughts on regulation, their trade body and their opinion of the UK insurance market
Post, in association with Tällt Ventures, indexes those that have the most potential to influence, change or disrupt the global market.