News
Covéa Insurance names Carolyn Callan as Simon Cooter’s successor
Covéa Insurance has appointed Carolyn Callan as commercial lines and high net worth director with effect from 1 May.
Home insurers make 100% of their profits through the 'loyalty penalty': Citizens Advice
Citizens Advice is calling for the FCA to identify concrete solutions to the loyalty penalty as part of its insurance market study, after its research found that 100% of home insurance profits come from loyal customers.
‘Business as usual’ for Eldon as Debenhams enters administration
Debenhams’ holding company has entered administration, but the retailer's policyholders are unaffected according to broker Eldon.
Premiums 'more likely' to edge up despite claims fraud crackdown: Fitch Ratings
Insurers are unlikely to get a profit boost from a reduction in fraudulent claims and are instead expected to use savings to keep premiums down amid surging average claim sizes, according to Fitch Ratings.
FCA pledges crackdown on firms displaying disregard for customer outcomes: updated
The Financial Conduct Authority has warned general insurance firms that it "will not hesitate to intervene" if firms fail to meet their obligations to customers.
Time for Ardonagh to ‘grow into its clothes’ as it slices losses and bulks revenues
The Ardonagh Group sliced its losses by 149% in 2018, as CEO David Ross hailed ‘the end of three years limbering up’.
Insurance Hound: Most downloaded content by insurers in March
Four of the five articles downloaded most by Post’s sister title Insurance Hound’s insurer audience during March explicitly addressed ways in which technology has changed the insurance landscape.
Aston Lark completes third acquisition of 2019
Aston Lark has completed its third acquisition of 2019 with the purchase of Jobson James insurance broker and its specialist employee benefits practice Jobson James Consulting.
John Thompson joins Gallagher’s UK executive team
Gallagher has appointed John Thompson as CEO of UK’s specialty London market and wholesale businesses.
Neos partners with American Family Insurance to launch smart home protection service in US
US-based insurer American Family Insurance will deploy Neos smart home technology and related products and services to launch smart home protection service in the US.
Weather hit propels Co-op Insurance Services into loss with Markerstudy deal ahead
Co-op’s general insurance underwriting business, which is being sold to Markerstudy, made a trading loss in 2018.
Esure's Peter Wood admits 'disappointing result' as insurer sees a loss of £15.4m for 2018
Motor-heavy Esure faced a “disappointing” year that saw claims costs mount and its solvency coverage ratio dip.
Biba supports FCA’s multi-lateral approach to signposting service for people with pre-existing medical conditions
The British Insurance Brokers’ Association believes it ‘has a significant role to play’ in the Financial Conduct Authority’s approach to signposting initiative.
Whiplash reforms drive £100 fall in car insurance premiums over last quarter
Car insurance premiums fell by £100 between December and February due to whiplash reforms and a six-month reduction in the number of car registrations, according to analysis by Comparethemarket.
Special report: Industry gender pay gap shows little change
Exclusive: The industry’s gender pay gap numbers remain relatively static, with experts warning that it could be up to a decade before the impact of recent diversity initiatives are reflected in the numbers.
Speed limiters in cars 'could create insurance gap'
Exclusive: The government should close legal loopholes which could prevent owners of vehicles installed with mandatory speed limiters from claiming on their motor insurance, lawyers have warned.
Grenfell insurer anticipates losses of £75m
Exclusive: The insurer of Grenfell Tower has so far paid out £24.5m to the Royal Borough of Kensington and Chelsea, and expects total insured losses to reach £75m.
Tokio Marine Kiln appoints Will Curran as head of reinsurance
Tokio Marine Kiln has appointed Will Curran as head of reinsurance.
McLarens appoints Graham Smart and Steven Wallace to new leadership roles
Steven Wallace has been appointed managing director for UK & Ireland, replacing Graham Smart who will take on the role of chief commercial officer for the wider group.
Sedgwick appoints Eric Malterre as chief client officer
Eric Malterre joins Sedgwick’s international division as chief client officer.
The British Insurance Awards 2019: Shortlist revealed
Right Here, Right Now, it is shortlist time!
Marsh stresses client focus as JLT integration gets underway
Lucy Clarke, president of newly-operational Marsh JLT Specialty, has promised clients “an unmatched depth in terms of expertise and resources” following the close of Marsh’s acquisition of JLT.
Premiership Rugby will not sever relationship with Gallagher over racism allegations
Premiership Rugby will not sever sponsorship links with Gallagher despite the company’s UK CEO describing a former employee as a “complicated fat Arab”.
Plexus Law secures £15m private equity backing
Plexus Law has secured a £15m private equity investment from Origin Equity for a minority shareholding in the business.