News
ERS sees best first half profit performance in five years
Specialist motor insurer ERS has reported its highest first half profit performance in five years.
FSCS has paid out £104m to failed insurer Enterprise customers
The Financial Services Compensation Scheme has paid out £104m in compensation to customers of collapsed unrated insurer Enterprise so far.
Northern Irish hub acquisition pushes GRP’s GWP over £700m
GRP hub Abbey Bond Lovis has acquired a majority share in Northern Irish broker Digney Grant for an undisclosed sum.
UK becomes EU capital of private equity-backed insurance M&A
The UK has seen 28 private equity deals in insurance over the past 18 months, half of total number in Europe.
Admiral delivers UK growth and builds on its European Brexit preparations
Admiral will begin running its European insurance operations from Spain from the beginning of 2019, having received approval earlier this year.
Esure looks for 'new type of leader' following Bain takeover
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 receives £1.17bn takeover bid
Esure has received a takeover bid which would see the insurer valued at £1.17bn.
FSCS arranges alternative cover for Alpha policyholders
UK policyholders with failed Danish insurer Alpha have been provided alternative cover via the guarantee scheme.
Broker Network makes seventh ‘powerhouse’ acquisition
Broker Network has bought North West broker MCM, which will form the company’s seventh “regional powerhouse”.
Heatwave leaves homes a tinderbox as fire claims rise
The heatwave that engulfed the UK in July led to a 62% increase in fire claims, according to a loss adjuster firm.
Mass’s Simon Stanfield on how whiplash reform sacrifices legitimate claims
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.
Policyholders face huge premium hikes following April UK withdrawal
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 weathers H1 storm claims and returns to profit
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.
AIG appoints new Europe CEO
Aspen Re’s CEO Thomas Lillelund has been appointed CEO of AIG Europe SA, subject to regulatory approval.
Ageas UK returns to profit in spite of weather losses
Ageas UK returned to profit in H1, as strong motor gains offset losses in household.
Insurers under fire over climate risk reporting
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”.
LV-Allianz personal lines transfer to take another 18 months
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.
LV: ‘Headwinds’ in motor market may balance out Ogden savings
With Brexit and personal injury uncertainties prevailing, LV is continuing to take a cautious approach to motor.
LV hopes for 'pricing realism' in home following adverse weather
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 GI profit halves from Beast from the East claims
LV’s general insurance business saw profits more than halve in H1 owing to claims from the Beast from the East.
Two ex-ERS underwriters fined for misconduct
Two former ERS underwriters, including one who described himself as a ‘non-standard motor guru’ have been fined for misconduct by Lloyd’s.
Allianz sets date for transfer of £250m LV commercial book
The transfer of commercial business from LV to Allianz will take place on 20 September, the company confirmed.
LMG names Lebecq as CEO
The London Market Group has named JLT Speciality operation director Clare Lebecq as CEO.
This month in Post: The great summer recess
It’s that time of year again. The trains are relatively empty, and out of office replies are basically a given.