Commercial
RSA's hard line on underwriting ‘likely to yield better result’
RSA will likely return to better than expected result this year after making £260m of cuts to business lines, analysts say.
Rising Star: Lauren Young, Ensurance
Joining the sector via a call centre Lauren Young has quickly progressed to assistant underwriter at Ensurance.
Research: Making it in mid-market
Price still outweighs insurer financial strength in burgeoning mid-market sector.
Aspen MGA in run off with 111 jobs at risk
Aspen has cut loose its UK SME managing general agent, with 111 jobs on the line as a result.
Analysis: Managing the M&A insurance risk
It was the Competition and Markets Authority that recently put paid to Sainsbury’s and Asda’s marriage plans, but there are plenty of other risks that also regularly threaten the success of mergers and acquistions – ranging from the uncovering of…
Allianz operating profits rise as personal lines transfer to LV approaches completion
Allianz UK CEO Jon Dye confirmed that the transfer of personal lines business from Allianz to LV remains on-track and will be completed within three to four weeks, as the insurer announced its Q1 results.
CBL Corporation placed into liquidation
The New Zealand high court has placed CBL Corporation into liquidation.
Covéa appoints James Gearey as corporate development and strategy director
Covéa Insurance has appointment of James Gearey as corporate development and strategy director.
Fourth acquisition in two weeks caps off recent cluster of GRP broker buys
Exclusive: Higos, GRP’s hub business in the South West, has acquired The Insurance Group for an undisclosed sum.
Gallagher’s closing statements commence as legal dispute with Ardonagh continues
The closing statements in the ongoing legal dispute between Gallagher and Ardonagh continued yesterday (9 May) at the Royal Courts of Justice in London.
Lloyd's invests in cloud-based distribution platform after in-house trial
Lloyd’s has invested in an insurtech cloud-based distribution platform for small businesses, following a successful trial in the market’s tech incubator.
Analysis: Consolidators look to Europe for acquisitions as UK competition grows
The UK has seen a wave of consolidation in regional broking over the past few years, making competition for viable targets a challenge. In response, several consolidators are starting to look to Ireland and Europe as a potential area of expansion.
Penny Black's Social World: May 2019
Schooling students, charity cycling and cracking chocolate
Top 100 Insurtech Firms 2019 - Spotlights
As the Insurtech 100 publishes, Post caught up with some of the firms listed across Europe, USA and Asia to reflect on the past 12 months, the future, favourite apps and food
Top 100 Insurtech Firms 2019: It's all about the three Ps - people, product and potential
The annual Insurtech 100 returns; a celebration of the innovation that is rethinking and reshaping the world of insurance as we know it. Matt Connolly, founder and CEO of Tällt Ventures, which has produced the index, outlines the methodology and what has…
Broker to launch largest UK four-day week trial
Simply Business will trial a four-day working week for employees at its Northampton call centre from September.
AIG Europe posts profit of £59.5m despite a fall in premiums
AIG Europe has reported a profit before tax of £59.5m for the 12 months to 30 November 2018, up from a loss of £431.5m the previous year.
Steve McGill launches new PE-backed specialty risk solutions business
Steve McGill, former group president of Aon, has launched a private equity-backed specialty risk solutions business alongside a team of other senior executives.
GRP brokers make three acquisitions
GRP-owned Cavendish Munro has made one acquisition, while Green Insurance Group has bought two businesses.
Stephen Catlin points to 'vacuum of leadership in the London market' as he launches latest venture
Talking following the launch of new venture Convex yesterday, Stephen Catlin said “there is a vacuum of leadership in the London market”.
Spotlight on: Beazley's Birmingham office
Exclusive: Beazley opened its Birmingham office as part of a strategy to diversify away from its core US business. Fourteen months later, the office is likely to be held up as a model for the company's further expansion plans.
Catlin founder launches PE-backed specialty insurer Convex
Stephen Catlin and Paul Brand, both formerly executives at the Lloyd’s insurer that bore Catlin’s name, have launched a new specialty insurer and reinsurer with $1.8bn (£1.4bn) in initial capital.
Spotlight: Data - Ordering data in
Insurers continue to hang their success on the quality and use of data, with businesses continually reviewing how to gain a commercial advantage. Edward Murray looks at the benefits of using external data providers and why some peril risks have proven…