The "significant" impact of river flooding is expected to persist over the next few days, the Environment Agency confirmed, as insurers continue to receive a surge of claims on the back of storms Dennis and Ciara.
The Financial Conduct Authority is well within its rights to give the wholesale market a telling off on culture and modernisation, writes Post news editor Jen Frost.
The London Market Group has expressed its disappointment with the Financial Conduct Authority’s latest sector views report and requested a meeting with the regulator to discuss its findings.
Representatives of the Church of England passed a motion opening the door for redress for survivors of child sexual abuse, but questions remain over what role its insurers will play, if any, in a fund.
Elite’s administrators expect around £315m in unsecured claims, but have identified under £246m in assets available.
Gallagher has announced a number of senior people moves in its specialty broking and underwriting divisions.
Gallagher and Bloody Bay, which is locked in a legal battle with Besso, have reached an out of court agreement over alleged “secret profits” taken by a former Heath Lambert and later Besso employee, Post has learned.
Following a seed raise bicycle insurance insurtech Laka will open an office in the Netherlands and look to offer a ‘wellness’ product, CEO Tobias Taupitz told Post.
Admiral is expecting to see profit before tax of £510m to £540m for 2019, with its staff to each receive a £500 bonus.
The directors of Policyplan and in-administration Staveley Head paid £10m in total dividends to new parent company Gelert Group in 2019.
In the closing statements of the Independent Inquiry into Child Sexual Abuse proceedings insurers were accused of profiting from limitation law and withholding payments even when convictions were made, as survivors urged for changes to the law and a…
Managing general agent Staveley Head, known to have used Gefion and Qudos capacity, has entered administration.
Ecclesiastical faces fresh allegations of unethical treatment as case of ‘suicide watch’ claimant comes to light
Exclusive: Ecclesiastical’s CEO Mark Hews is being called upon to ‘put his house in order’ after experts have been left shocked and appalled at the ‘unethical’ practice of desktopping an abuse victim on suicide watch labelling it ‘shameful’ and ‘very…
Insurers have ramped up lobbying attempts to convince the government to slice the rate of Insurance Premium Tax. Post investigates why they may well have good reason to be worried it could be cranked up the other way.
Microsoft’s data breach, which saw details of a reported 250 million customers made available online, could leave insureds facing knock-on phishing attempts and the tech giant facing a fine.
Troubled unrated Danish insurer Gefion has seen its 2018 solvency ratio plummet after it was forced to restate accounts.