News
Campaigners call for ONS to collate motor data for policymakers
Exclusive: Campaigners have called for the Office of National Statistics to collate motor insurance statistics for use in parliament.
This week: Proceedings and premiums
This week the UK has been focused on court cases and Inquiries.
Sedgwick UK shakes up leadership team after Cunningham Lindsey merger
Stewart Steel has been named CEO of Sedgwick UK, which will be formed from a merger of Cunningham Lindsey and Vericlaim.
AIG moves European business to new UK and Luxembourg units
AIG has formed new insurance companies in the UK and Luxembourg that will see all business transferred to the new entities ahead of the UK leaving the European Union.
Konsileo to offer 'bespoke' customer data for underwriting
Konsileo said its service will improve the claims process for insurers by providing underwriters more insight into risks.
Generali to sell Belgium business for €540m
Italy’s largest insurer Generali is to sell its Belgium-based subsidiary to Bermuda-based Athora Holdings for €540m (£469.5m).
Ardonagh has an acquisitions warchest of £500m
The Ardonagh Group has an acquisition warchest of £500m and a pipeline of 50 deals, CEO David Ross said.
Ardonagh reports growth despite MGA headwinds
Ardonagh Group has reported a 30% growth in its adjusted Ebitda last year, despite pressure in its managing general agent services and corporate business.
Das v Asplin: Prosecution outlines arguments on fraud charges
The trial of former Das CEO Paul Asplin continued today (18 April) at Southwark Crown Court.
Brexit sends Anglo-American trade deal into disarray
The uncertainty surrounding Britain’s departure from the European Union has sent the prospect of a possible Anglo-American trade deal into question, the Lloyd’s market has heard.
Ex-AA boss Mackenzie sues group for £255m
Ex-AA CEO Bob Mackenzie has filed a claim seeking £225m in damages from the group.
Motor premiums have already started to fall: Fitch
Insurers have already started to reduce motor premiums ahead of the government’s proposed whiplash and discount rate reforms.
Ex-Das CEO Paul Asplin stands trial for fraud
Ex-DAS CEO Paul Asplin is alleged to have dishonestly failed to inform the insurer that he owned one third of CW Law and Med Report Limited during his service at the company, Southwark Crown Court heard today.
Insurance data could have been used in Leave campaign, claims whistleblower
A witness to the parliamentary Fake News Inquiry has raised questions over the use of insurance data in the Leave.EU campaign.
Axa enters capacity deal with Gresham Underwriting
Axa has entered into a £20m three-year capacity deal with Gresham Underwriting, the managing general agent arm of Tasker Insurance Group.
Cunningham Lindsey to be rebranded Sedgwick following acquisition
Cunningham Lindsey will be subsumed under the Sedgwick brand following the acquisition of the adjuster last year.
Konsileo raises £2.7m in series A funding round
Insurtech broker Konsileo has raised £2.7m from a series A funding round and will use the capital raised to bolster its recruitment process.
Business leaders ‘turning their backs on Europe’
UK business leaders have turned their backs on Europe as political uncertainty and regulatory concerns see decision-makers’ focus on the domestic market, according to survey findings.
SSP users experiencing further difficulties following last week's disruption
SSP users are facing a fresh wave of issues this morning following problems with the platform on Friday.
Silent cyber holding back insurance market, survey claims
Silent cyber risk is the largest inhibitor to the growth of cyber insurance, according to a Post survey.
Insurtech start-up selects Amazon platform for launch
Insurtech start-up Thinco has selected Amazon Web Services to host its product launch.
Ghost broker jailed after making £321,000 of false car insurance claims
A ghost broker who used victims’ details to make £321,000 of false car insurance claims has been jailed.
London Market launches permanent body to manage market services
The London Market Group has launched London Insurance Market Operations & Strategic Sourcing, a permanent body to manage market services.
Government introduces rules to curb bogus holiday sickness claims
Government has given the go-ahead on new rules that will help clamp down on bogus holiday sickness claims.