Specialist motor insurer ERS has reported its highest first half profit performance in five years.
The Financial Services Compensation Scheme has paid out £104m in compensation to customers of collapsed unrated insurer Enterprise so far.
GRP hub Abbey Bond Lovis has acquired a majority share in Northern Irish broker Digney Grant for an undisclosed sum.
The UK has seen 28 private equity deals in insurance over the past 18 months, half of total number in Europe.
Admiral will begin running its European insurance operations from Spain from the beginning of 2019, having received approval earlier this year.
Esure is looking for a digital-savvy CEO from outside the industry, who will lead a transformation programme when Bain Capital takes ownership at the end of the year.
Esure has received a takeover bid which would see the insurer valued at £1.17bn.
UK policyholders with failed Danish insurer Alpha have been provided alternative cover via the guarantee scheme.
Broker Network has bought North West broker MCM, which will form the company’s seventh “regional powerhouse”.
The heatwave that engulfed the UK in July led to a 62% increase in fire claims, according to a loss adjuster firm.
The government's whiplash reforms discriminate against legitimate claimants, whose rights need to be protected, argues Simon Stanfield, chair of the Motor Accident Solicitors Society.
Exclusive: Vulnerable customers with serious illnesses who have claimed under their existing private medical insurance policies, are seeing premiums more than double following the withdrawal of April UK from the PMI market.
Zurich UK has seen operating profit rise 24% in H1, as a focus on commercial enabled the firm to avoid huge weather losses seen elsewhere.
Aspen Re’s CEO Thomas Lillelund has been appointed CEO of AIG Europe SA, subject to regulatory approval.
Ageas UK returned to profit in H1, as strong motor gains offset losses in household.
Three insurers have been reported to the FCA and could face fines for allegedly failing to disclose information which they are “legally obliged to report”.
The transfer of Allianz’s personal lines business to LV is expected to take at least 18 months, according to LV general insurance CEO Steve Treloar.
With Brexit and personal injury uncertainties prevailing, LV is continuing to take a cautious approach to motor.
LV general insurance CEO hopes that the impact of the Beast from the East on insurers’ property portfolios will introduce a level of “pricing realism” into the market.
LV’s general insurance business saw profits more than halve in H1 owing to claims from the Beast from the East.
Two former ERS underwriters, including one who described himself as a ‘non-standard motor guru’ have been fined for misconduct by Lloyd’s.
The transfer of commercial business from LV to Allianz will take place on 20 September, the company confirmed.
The London Market Group has named JLT Speciality operation director Clare Lebecq as CEO.
It’s that time of year again. The trains are relatively empty, and out of office replies are basically a given.