News
Majority of Lloyd's syndicates exceed Q1 e-placement targets
Eight out of 10 Lloyd’s syndicates met electronic placement targets during the first quarter of 2019, according to data released by the board of the Placing Platform Limited.
Clyde & Co establishes presence in Dublin ahead of Brexit
Clyde & Co has opened an office in Dublin to ensure its Irish law insurance practice can continue to operate seamlessly as the UK leaves the EU.
Covéa appoints James Gearey as corporate development and strategy director
Covéa Insurance has appointment of James Gearey as corporate development and strategy director.
Fourth acquisition in two weeks caps off recent cluster of GRP broker buys
Exclusive: Higos, GRP’s hub business in the South West, has acquired The Insurance Group for an undisclosed sum.
Ardonagh vs Gallagher judgement could take longer than three months
The long-running court battle between Ardonagh and Gallagher finally wrapped up on Friday, but a written judgement may take more than three months to arrive.
Environmental Agency works with insurers to review flood strategy
The Environmental Agency has launched an eight week consultation on a new long-term strategy to tackle flooding and coastal change.
This month: Celebrations, culture and change
In this month’s issue, Post publishes the annual Insurtech 100, a celebration of growth and innovation in insurance across Europe, Asia and the USA, in association with Tällt Ventures.
Gallagher’s closing statements commence as legal dispute with Ardonagh continues
The closing statements in the ongoing legal dispute between Gallagher and Ardonagh continued yesterday (9 May) at the Royal Courts of Justice in London.
Government pledges £200m to fund replacement of Grenfell-style cladding
The government has allocated £200m to remove and replace aluminium composite material cladding from around 170 privately owned high-rise buildings.
Post's Jen Frost named among UK's top young journalists
Insurance Post senior reporter Jen Frost has been named as one of the top 30 young journalists in the UK.
Chris Guillaume steps down as CEO of Open GI
Open GI CEO Chris Guillaume is set to step down and take on a non-executive role on the company’s main board.
Lloyd's invests in cloud-based distribution platform after in-house trial
Lloyd’s has invested in an insurtech cloud-based distribution platform for small businesses, following a successful trial in the market’s tech incubator.
Gallagher and Ardonagh return to court as closing statements begin
The parties in the ongoing legal dispute between Gallagher and Ardonagh returned to the Royal Courts of Justice yesterday, as the court heard closing statements from two of the defendants.
Brightside CFO steps down
Brightside’s chief financial officer, Ian Sutherland has left the broker.
Confused to white label Uswitch insurance business
Exclusive: Confused will white label Uswitch’s insurance comparison business as part of a deal with the parent company.
L&G appoints Darren Prior as head of broker
Legal & General has promoted Darren Prior to head of broker within its general insurance division.
Broker to launch largest UK four-day week trial
Simply Business will trial a four-day working week for employees at its Northampton call centre from September.
Urban Jungle secures £2.5m in seed funding round
Urban Jungle, an insurtech targeted at “generation rent”, has raised £2.5m in a seed funding round.
Esure turns to reinsurance to improve solvency coverage
Esure improved its solvency capital coverage ratio to 149% over the first quarter of 2019, having seen it drop to 108% at the end of last year.
Failed insurer Gable faces claims of £328m
Total claims against failed insurer Gable could add up to £328m, the company's liquidator said.
Industry body calls for clarity over 'secret' plans for small claims portal
The Association of Consumer Support Organisations has urged the Justice Committee to investigate the establishment of the small claims portal.
Bloody Bay files counterclaim in near $10m Besso ‘secret profits’ lawsuit
Exclusive: The litigation group claiming Besso owes a Carribean hotel group almost $10m in concealed brokerage has filed a counterclaim in an ongoing lawsuit.
Regulators form working group to tackle 'phoenix' companies
Financial services regulators have formed a working group to collaborate on tackling ‘phoenixing’ in the sector, whereby companies or individuals avoid liabilities or penalties by shutting down businesses only to re-emerge as new legal entities.
Canopius attracts investment from Samsung
Canopius has partnered with Samsung Fire & Marine Insurance to offer “innovative customer-focused” insurance solutions across the globe.