RSA has delivered an underwriting profit of £3m in the UK for 2019, reversing the underwriting loss of £93m the year before.
Insurtech Tractable is targeting new clients in South East Asia, the Middle East and Latin America after unveiling a $25m (£19.2m) Series C investment, led by Georgian Partners
Direct Line Group is cutting 800 jobs over the next two years, the insurer has confirmed.
Law firm Kennedys has spun out part of its innovation function as a separate wholly-owned limited company in order to speed up product development and attract staff more suited to its technology/software focus.
The Financial Services Compensation Scheme is now stepping in to protect the majority of policies sold in the UK to individuals and small businesses by CBL Insurance Europe having declared the insurer to be in default.
General insurance CEOs want to tackle dual pricing and support further regulatory intervention, a conference heard.
Jon Dye, the chair of the Association of British Insurers, has called for government flood defence investment to rise to at least £1.2bn a year.
Arch Capital Group has agreed to pay Natixis €480m (£401.8m) for a 29.5% stake in France-based trade credit insurer Coface.
Insurtech start-up Collective Benefits has closed a £3.3m seed funding round involving Stride VC alongside existing investors Delin Ventures and Insurtech Gateway.
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.
There was “a very large number of factors” behind the significant drop in operating profit at Allianz UK in 2019, according to CEO Jon Dye.
Allianz UK has reported profit of £138.1m for 2019 supported by investment gains as operating profit fell.
Analysis: The expansion of the global space market: What opportunities does this present to insurers?
It is 55 years since underwriters at Lloyd’s penned the first space insurance policy, covering the Intelsat I ‘Early Bird’ satellite. Today there are more than 2000 active satellites orbiting the planet and the accelerating commercialisation of space is…
The government is likely to make an announcement delaying the much-awaited whiplash claims portal in a matter of days, sources close to the project told Post this week.
Insurers and brokers ask the most ridiculous, irrelevant questions, which starkly highlights how out of touch they are when it comes to IT procurement today, Inzura CEO Richard Jelbert argues as he looks at the current process and some of the questions…
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.
Scott Gunter has been appointed as CEO of Axa XL joining from Chubb to replace Greg Hendrick who is leaving to pursue other opportunities.
Call Connection creditors will share a payout of around £246,000 as claims from secured and unsecured creditors total £4.7m, administrators BDO have estimated.
A bespoke insurance product for a niche group of customers gives brokers a unique selling point and according to John Dawe, partnership director at RSA it enables them to target gaps in the market, diversify their business or create a new revenue stream.
Storm Dennis has caused a second weekend of claims surges across the UK, and together with last weekend’s Storm Ciara, could be on track to exceed the impact on claims volumes of 2018’s Beast from the East.
Bollington’s decision to stop trading with unrated Danish insurer Gefion has not changed the firm’s insurance footprint, group managing director Chris Patterson told Post.
Bollington has suspended trading with Danish unrated insurer Gefion, Post can reveal.
Organisers and event insurers face uncertainty over what cancellations stemming from the ongoing Covid-19 coronavirus outbreak will cost them, as wordings are pored over and new policies have cover for the virus stripped out.
Post news editor Jen Frost reflects on Sajid Javid’s shock exit as Chancellor and what this could mean for insurance premium tax and the budget.