Exclusive: Aviva is planning on transferring 1.39 million policies it currently writes in the UK and Europe to its Ireland business.
Barbican’s syndicate will withdraw from property, marine cargo and hull, and professional indemnity insurance.
Compare the Market may have broken the law by preventing home insurers from offering lower prices elsewhere, the competition watchdog has warned.
Insurers are seeing a spike in people claiming improper installation of cavity wall insulation. Is this the new money spinner for CMCs?
Insurers may not have sufficient oversight of pricing practices, which could mean some customers are paying significantly higher premiums than those who have similar risk profiles, according to an official review.
Applied Systems will consider entering Australia, New Zealand or South Africa if an acquisition opportunity presents itself.
Hastings has seen shares fall as it warned of a “competitive” market with rising claims inflation.
Google will host a “bootcamp” on machine learning for Applied Systems engineers next month in the first skills transfer between the two companies.
Google is actively looking for further investment in the insurtech space, following its acquisition of a minority stake in Applied Systems.
Applied Systems has secured a “nine figure” cash injection from a Google investment firm in a move that will further drive growth at the company.
The last few months have seen some major executive changes across the UK’s largest insurance companies.
Gilles Normand has stepped down from the CEO job at Swinton following its acquisition by Ardonagh.
Compare the Market owner BGL Group has seen underlying pre-tax profits soar by 16% in spite of its abandoned initial public offering.
Brightside saw pre-tax losses of £10.2m last year, but incoming CEO Brendan McCafferty said there is “no need to alter strategy”.
Coverys is in talks about buying three large books of business in run-off, the company said.
Exclusive: Brokers have been seeking alternative premium finance partners as backup in the wake of the Premium Credit outage.