News
Victor names incoming UK boss
Victor Insurance, formerly Bluefin Underwriting, has appointed John Stephenson as country manager, UK, succeeding Paul Drake.
Money Supermarket clone site shut down
The Financial Conduct Authority has issued a warning about fraudsters operating a clone of price comparison website Money Supermarket.
B3I appoints John Carolin as CEO
John Carolin has been appointed CEO of B3I. He has held the position on an interim basis since March, succeeding B3I co-founder Paul Meeusen.
Hastings reveals Ogden rate hit
Hastings shares fell this morning after saying the Ogden rate change to minus 0.25% would result in a one-off £8.4m blow.
Ecclesiastical hauled over coals in child abuse inquiry
Ecclesiastical was forced to admit the advice it gave to the Church of England related to a child abuse claim could have been handled better.
Allianz in 'advanced negotiations' with partners to launch open platform
Allianz has reaffirmed its commitment to its open platform initiative despite there being outwardly little progress in the 18 months since it was first announced the plan at the beginning of 2018.
Analysis: Industry faces financial blow from discount rate revision
Insurers that have been pricing and reserving using a discount rate of between 0 to 1% may face a short term financial hit, analysts have warned.
Travel insurers must ‘signpost’ policies for vulnerable customers
Travel insurers will have to ‘signpost’ policies that have exclusions over pre-existing medical conditions.
Majority of disputed claim rulings are won by insurers
Insurers win two-thirds of legal disputes against their commercial policyholders when a claim is disputed.
Ageas confirms Axa's Waks as chief risk officer for UK
Evan Waks has been appointed as Ageas UK’s chief risk officer and will start with the business in September.
‘Bad outcome’ for industry as discount rate revised to -0.25%
The government has set a new discount rate of minus 0.25% - a much lower number than the expected 0%.
Lloyd's modernisation proposals receive positive consultation response
Six proposals to modernise Lloyd’s, including setting up two digital platforms, have received widespread backing from market participants following a 10-week consultation.
This week in Post: 25 years of the British Insurance Awards
This week the best and brightest in the insurance community gathered in the Royal Albert Hall for the 25th British Insurance Awards.
Industry pays tribute to 2019 BIA Achievement Award winner Annette Court
On Wednesday night Admiral chair Annette Court won the Achievement Award at The British Insurance Awards.
Clone broker warning issued by FCA
The Financial Conduct Authority has warned of an unregulated clone broker operating in the UK.
Dive In festival launches with flash mob at Lloyd's
Event registration has opened for the 2019 Dive In festival, which aims to promote diversity and inclusion in the insurance industry and will year take place from 24 to 26 September.
Gefion ordered to not expand business until it injects more capital
The Danish Financial Supervisory Authority has ordered Gefion to not expand into new territories.
Jon Dye replaces ‘tough act to follow’ Amanda Blanc as ABI chair
Allianz UK CEO Jon Dye has been named chair of the Association of British Insurers.
Allianz and LV win big at 2019 British Insurance Awards: Full list of winners
Allianz was among the big winners at the 25th British Insurance Awards at the Royal Albert Hall scooping three individual awards including General Insurer of the Year.
Direct Line’s David Baker to join Axa UK as CRO
David Baker, Direct Line Group director of group compliance, is joining Axa UK & Ireland as chief risk officer.
Ageas staff facing job losses to be offered roles with Autonet owner
More than 200 Ageas staff due to lose their jobs from the closure of the company’s Stoke-on-Trent offices could get to retain their positions after Autonet’s owner Atlanta Group agreed to take over the lease.
Markerstudy acquires Smart Driver Club Insurance
Markerstudy has bought telematics broker Smart Driver Club Insurance.
D&G plots growth following investment
Domestic & General has vowed further growth following investment from a United Arab Emirate fund.
Biba board appoints Batty and High
The British Insurance Brokers’ Association has made two key board appointments, as Aon's Julie Page steps down from her deputy chair role.