Hyperion has £300m to spend and around 20 deals in its mergers and acquisitions pipeline, group chief financial officer Mark Craig told Post as the group announced its 2019 results.
Comprehensive car insurance premiums in the UK increased by 4% in the final quarter of 2019, taking the annual uplift to 5%, according to the latest Confused Car Insurance Price Index in association with Willis Towers Watson.
Optimism among insurance providers has soared to its highest level in years, according to the latest CBI/PwC Financial Services Survey, with brokers also increasingly upbeat.
Rising claims costs in quarter four are expected to put a slight dent in Hastings’ 2019 dividend payout.
Exclusive: Motor managing general agent Pukka has temporarily suspended trading, having reached its capacity limit with providers.
The Financial Services Compensation Scheme has forecast that the failures of Qudos Insurance in December 2018 and Lamp Insurance in May last year will cost £12.4m this financial year.
The Financial Services Compensation Scheme has proposed a levy on general insurance providers of £118m for 2020/21, down £47m on the budget for the current year.
Danish unrated insurer Gefion cannot enter new lines of business or branch out into further territories until it can meet its solvency capital requirement, the regulator has ordered.
Ozlem Gurses, reader in insurance and commercial law at King’s College London and British Insurance Law Association committee member, asks if the oversight of insurtechs is keeping up with the potential damage to consumer protection that new technology…
Go Compare has called for a doubling of the cooling off period for auto-renewals from 14 to 28 days during which time insurers should take “all reasonable steps” to make customers aware their insurance has been auto-renewed.
Arron Banks-backed Somerset Bridge Insurance Services has sold its commercial insurance subsidiary Business Choice Direct Insurance Services to Somerset-headquartered Lloyd & Whyte Group for an undisclosed sum.
Capsicum Re could seek to expand its presence in the US through acquisitions, Gallagher UK broking and underwriting CEO Simon Matson has said, following the company’s acquisition of the reinsurance broker.
The Chartered Insurance Institute is ready to be held to account, having rolled out its priorities for refreshing corporate chartered status last year, professional standards director Melissa Collett told Post.
Global Risk Partners has taken a majority stake in the Birrell Group, based in Lutterworth, Leicestershire. The group consists of Kingsway Insurance Services and Bausor Hall Associates.
Gallagher has taken full ownership of reinsurance broker Capsicum Re in a deal that will see its former CEO Grahame Chilton return to the company.
Allclear has recruited Cameron Jack as group chief financial officer from retail group TFG London where he spent five years as CFO.
With the holiday break over, this week has seen people across the UK – some somewhat sluggishly – get back to business.
BHIB has rolled out Create Insurance an online offering targeting freelancers in the creative industries, from photographers to script writers.
Arron Banks’ Somerset Bridge Insurance Services has appointed Christine Oldridge and Damian Arnold as non-executive directors.
Exclusive: Radius Payment Solutions has made a Crewe-based team within its insurance division redundant as it looks to consolidate its insurance operations in the offices of Sheffield-based Burley Group, which it acquired last year.
In a world dominated by smart technology, old-fashioned timepieces are bucking the trend with high demand. Alex Wakefield, executive adjuster at McLarens Private Clients, explains that brokers and loss adjusters need to keep aware of market appreciation…
Unrated Danish Gefion Insurance has been ordered by the Danish Financial Supervisory Authority to publish information supplementing or correcting the company’s 2018 annual report, after it was adjudged to have wrongly recognised the value of a…
Integro has completed the rebrand of its trading names as Tysers, having bought the broker in June 2018.
Insurance firms must be proactive in tackling “unhealthy” culture issues and misconduct, the Financial Conduct Authority has warned CEOs.