News
Brokers had 'no warning' over April UK withdrawal
Exclusive: Correspondence sent by health insurer April UK to broker partners reveals that it has been turning away policyholders since the beginning of this week.
Markel receives green light on German subsidiary
Markel has been granted a license by BaFin, the German federal financial supervisory authority, to establish an insurance company in Germany.
Jonathan Clark elected as CII President
Jonathan Clark has been elected as the Chartered Insurance Institute’s president for 2018 to 2019, in the first year that the Chartered Insurance Institute has allowed electronic voting.
April UK withdraws from health insurance market
Exclusive: April UK has withdrawn from the UK health insurance market with immediate effect.
Questgates’ investigation rejects hack allegation
Questgates has interviewed all its staff at its Northampton office, following allegations of a cyber security breach.
Beazley takes lead on £10m capacity PI consortium
Specialist carrier Beazley has launched a professional indemnity consortium large law firms based in the UK.
Rob Terry appears in court over Quindell indemnity claim
Exclusive: Former Quindell director Rob Terry appeared in court in an ongoing compensation case he brought against his former company, now renamed Watchstone.
MPs outline ‘urgent’ reform needed in wake of Grenfell fire
A parliamentary committee has called on the government to take urgent action in the wake of the Grenfell fire, including extending a proposed ban on combustible cladding and tackling conflicts of interest within the construction industry.
Price comparison disruptor prepares for several insurers to join its platform
Price comparison website disruptor Honcho has begun integrating several motor insurers onto its platform that will allow them to bid for customers.
Treasury rejects calls for greater regulation of price comparison sites
The Treasury has rebuffed calls for greater regulation of price comparison sites, after a specialist construction broker argued they were leading to under-insurance.
Chubb appoints Annmarie Camp to head European HNW division
Chubb today has appointed Annmarie Camp to head up its European high-net-worth personal risk services division.
Charles Taylor Managing Agency names Grint as CEO
Charles Taylor Managing Agency has appointed Colin Grint as CEO.
US sanctions a threat to Lloyd’s Iranian business
The return of US sanctions on Iran are likely to prevent the use of a Lloyd's IT platform for any Iranian insurance business, the markets chairman has said.
Debenhams confirms credit insurers have reduced cover
Debenhams has said it retains a ‘constructive relationship’ with its credit insurers as the ailing retailer has its cover reduced.
Guevara founder Anderson: incumbent insurers complicit in stalling true customer led-disruption
Despite the hype around insurtech, the barriers to entry remain high, not least because incumbents have reputational concerns that are hampering true customer-led disruption. Indeed, the likes of Lemonade have had to water down their original vision to…
Government delays whiplash reforms until 2020
Hotly anticipated personal injury reforms have been delayed a year, the government has confirmed.
IoT provider eyes up global expansion following €100m funding
Pan-European growth investor Palamon Capital Partners has acquired a majority stake in connected insurance provider Fair Connect.
SME digital insurer gets £2.5m funding round
Digital insurance provider Digital Risks has raised £2.25m in an investment round led by Beazley as it sets its sights on the SME and digital start-up markets.
Insurtechs on Tempcover's radar as it spies acquisition targets
Exclusive: Short-term insurance specialist Tempcover is actively looking for acquisition targets, and views the insurtech sector as a potentially lucrative hunting ground.
BLM targets EC3 push with new London market and reinsurance heads
BLM has named Damian Cleary as head of London market and Gavin Coull as head of reinsurance as the law firm targets growth in Lloyd’s.
Lack of women at senior level driving gender pay gap as CII renews call for change
The insurance sector’s woeful gender pay gap statistics is a reflection of the imbalanced representation of men and women at senior levels, according to analysis from the Chartered Insurance Institute.
CBL director and INEDs resign
Sir John Wells has stepped down as director and chair of CBL, along with two independent non-executive directors.
Axa Research Fund gets €50m endowment
Axa has committed €50m (£44m) to its research fund over the next five years.
Das v Asplin: Guilty three sentenced to 15 years
Paul Asplin, David Kearns and Sally Jones were sentenced to a total of 15 years for conspiracy to defraud insurer Das.