News
Generali Italia to invest €300m in growth
Generali Italia has launched a three-year growth strategy that will see the company invest €300m (£258m) in its own business, with a renewed focus on digital and tech-driven services and prevention.
Insurers count cost of EHIC no-deal Brexit loss
The loss of European Health Insurance Cards in the event of a no deal Brexit could increase insurer costs and put UK travellers off European mini-breaks.
Aon-Willis deal could attract competition concerns
Aon might have to sell off portions of Willis Towers Watson, if it did proceed to buy the business, analysts said.
Aon in talks to buy Willis: reports
Aon is reportedly in talks to buy rival Willis Towers Watson.
MIB to set up green card booths at ports
Motorists who have failed to obtain a green card prior to driving in Europe will be able to collect one from a port.
UK insurtechs among delegates on US trade mission
Flock and Digital Fineprint will join 11 other British fintech companies in a Department for International Trade delegation to Empire Fintech Week in New York.
Industry is falling behind on digital transformation: research
Financials services lag behind other industry sectors when it comes to digital transformation, according to a recent report.
Sedgwick acquires independent loss adjuster
Sedgwick has acquired independent loss adjuster Insight Adjusters.
Analysis: Will Lemonade’s shrinking losses buoy insurtechs?
Lemonade's success in cutting its underwriting losses could encourage other insurtechs to become carriers, market analysts suggest.
Lemonade slices underwriting losses
US-based insurtech Lemonade has cut its underwriting losses and grown premiums.
Insurtech Shift secures $60m funding
Insurtech Shift has raised $60m (£45.5m) in a series C funding round led by Bessemer Venture Partners.
Direct Line profit drops despite Ogden rate releases
Direct Line saw operating profit drop, despite reserve releases ahead of an anticipated Ogden rate revision.
Direct Line to target price comparison sites with Darwin launch
Direct Line will launch a business called Darwin in the next quarter focused exclusively on sales from price comparison sites.
250 aviation staff to move from JLT to Gallagher
Gallagher will buy the global aerospace division of JLT, following the company’s acquisition by Marsh & McLennan.
Maurice Tulloch becomes Aviva CEO
Maurice Tulloch has been appointed CEO of Aviva, replacing Mark Wilson.
Court sets date for Gallagher vs Ardonagh dispute
A court has set a date for the first hearing in the alleged staff poaching dispute between Gallagher and Ardonagh.
This week in Post: Storm, Brexit and diversity
This week, the sunshine we were blessed with last week was replaced by a more winter-appropriate grey sky and rain.
Gable CEO Dewsall withheld 'critical' information in administration of Hogarth Underwriting
Exclusive: Gable CEO William Dewsall ignored “numerous requests” from administrators of his underwriting vehicle Hogarth Underwriting.
ERS returns to profit after suffering a loss of £12.2m last year
Specialist motor insurer ERS has reported a profit of £11.1m for 2018, following a loss of £12.2m in 2017.
Claims for whiplash fall to the lowest level since 2012
Personal injury claims for whiplash have fallen to their lowest level in seven years, according to figures from the Ministry of Justice.
Go Compare expects increased dual pricing in motor
Go Compare is expecting differential pricing to grow more pronounced this year, potentially buoying the company’s flagging motor comparison business.
Biba plans 'Dragon's Den' hackathon
A Dragon's Den-style 'hackathon' will be held for the second year running at the British Insurance Broker's Association conference in Manchester.
RSA suffers £43m underwriting loss in second 'disappointing' year
RSA UK & International have announced a second consecutive year of UK losses, recording an unprofitable combined operating ratio of 101.4%.
Insurers warned not to use Brexit to ‘offload customers’
The regulator has issued a warning to insurance companies not to use Brexit as “an excuse to offload customers”.