News
IASB votes to push back IFRS 17 roll out
A consultation on pushing back IFRS 17 is expected, after the International Accounting Standards Board voted to postpone the implementation of the global accounting standards to 2022.
Harris Balcombe sees investment from three partners
Harris Balcombe has seen investment from three equity partners to bolster its growth plans.
Hyperion takes on $115m of debt to fund further acquisitions
Hyperion is to continue on the acquisition trail, having raised $115m (£88.9m) through debt.
James Heath elected president of Foil
The Forum of Insurance Lawyers has elected James Heath, a partner at Keoghs, as its new president, succeeding Citygate Chambers’ Stephen Hines.
California wildfire losses expected to hit record levels
The losses from the continuing 8 November California wildfires are expected to reach record levels, according to ratings agencies.
Zego to offer ‘flexible’ business insurance through challenger bank Starling
Zego’s partnership with Starling Bank will see it offer public liability insurance for small enterprises through the mobile-only bank’s marketplace, with a view to making other lines available in the future.
RSA pulls out of three London market lines
RSA is withdrawing from three of its business lines as part of a restructure of its specialty and wholesale business.
Mike Brockman reveals plans for ‘next generation’ telematics
In his 38th year in the motor insurance market, former Insure the Box CEO Mike Brockman has global plans for his new “revolutionary” telematics and dash cam device. He met Post to reveal how Thingco’s ‘Theo’ works and how he’s determined to bring…
Bollington Wilson Group opens Manchester HQ
Broking group Bollington Wilson has relocated to Manchester and aims to boost its headcount by 100.
Review into CBL expected to ‘identify lessons’ for both the firm and the regulatory regime
The Reserve Bank of New Zealand has welcomed the liquidation of CBL Insurance and will be publishing a review into it next year.
John Doyle unveils Marsh-JLT Specialty
Marsh and JLT’s specialty operations will rebrand as Marsh-JLT Specialty once the acquisition has closed.
Manjit Rana to lead Corporate Innovation insurtech practice
Ingenin founder and CEO, Manjit Rana has joined Startupbootcamp in London as its managing director for corporate innovation in insurance.
Aviva to transfer 1.39m policies to Irish post-Brexit hub
Exclusive: Aviva is planning on transferring 1.39 million policies it currently writes in the UK and Europe to its Ireland business.
International General Insurance appoints first CTO
International General Insurance has appointed Nasser Zagha to the newly-created role of chief technology officer.
CBL Insurance placed into liquidation
CBL Insurance’s administrators had been working on a restructuring proposal, but the firm has been placed into liquidation.
Iotatech gets £1m capital injection in second funding round
Exclusive: Start-up Iotatech's £1m raise will secure its development and growth over the next two years.
Legal consultation launched into driverless cars
A wide-ranging consultation has been launched into the legal reforms surrounding driverless cars.
Iprism chair declares turnaround complete after Gable fallout
The chair of underwriting agency Iprism has vowed that it will never work with unrated capacity again having only just got its house in order after the collapse of former partner Gable in 2016.
Week in Post: Spotlight falls on Banks
The spotlight has been on Arron Banks this week but we've also seen some major business acquisitions.
RIIG to enter liquidation following unpaid debts
Exclusive: Claims firm RIIG will be placed in liquidation and staff terminated after a debt payback scheme failed.
Debenhams urged to review links with Arron Banks' Eldon
Exclusive: Debenhams should review its relationship with Arron Banks-owned Eldon Insurance, following fines over alleged data misuse by the company, campaigners say.
Sedgwick acquires Irish liability adjusters
Sedgwick has acquired Ireland-based loss adjuster Sproule Graham.
Allianz-LV business transfer will be 'largely complete' by Q3 2019
The transfer of business between LV and Allianz will be complete by this time next year, the Allianz CEO said.
Gang of five jailed over fraud claims worth £1m
Five members of an organised crime group have been jailed for a combined sentence of 14 years for defrauding insurers.