News
Ageas uses full weather reserves on 'Beast from the East'
Ageas used its full weather damage claims allowance for the year during Q1 2018 after the fallout experienced by the Beast from The East.
Tough times ahead for generalist brokers, says Gallagher retail boss
Exclusive: The current operating environment is one of opportunity for brokers with a specialist offering but it’s tough times ahead for generalist brokers, Gallagher’s retail CEO has said.
FCA to publish report on dual pricing by autumn
The City watchdog will report on its investigation into dual pricing in the autumn, a conference heard.
Nicky Morgan to take brokers’ regulatory concerns before FCA
Chair of the Treasury Select Committee, Nicky Morgan has agreed to take brokers’ regulatory concerns to the financial services watchdog.
Biba's Steve White slams watchdog in call for regulatory stability
Broker trade body calls for a period of regulatory stability as “burdensome and costly regulatory regimes” takes toll on the sector.
Allianz starts transfer of 2000 personal lines brokers to LV
Allianz will transfer 2000 broker partnerships to LV under the terms of the joint venture, starting next month.
One Call enters partnership with US connected homes start-up
One Call Insurance has partnered with US connected home start-up, Roost, in order to roll out IoT products across its home insurance product lines.
Insurers considering ELTO-like tool for victims of child sexual abuse
Exclusive: Insurers are looking into a potential tracing service to aid child sexual abuse victims in tracking down historic insurance policies of public institutions.
Marsh's case against Marshmallow melts
Insurtech startup Marshmallow has won a legal dispute from broker Marsh over the use of its name.
Peter Cullum-backed Lexicon targets growth with Oasis buy
Peter Cullum-backed Lexicon Property has acquired Oasis Property Insurance Services.
Coversure in MBO supported by Fat Face backer
Coversure Insurance Services Group has been acquired by the current management team as part of a buyout supported by private equity firm Livingbridge.
LV will take on Allianz personal lines business from June
Exclusive: LV will start to write renewals of Allianz personal lines business from the beginning of next month.
L&G announces two deals as it looks to ramp up GI premium
Legal & General is now the majority capacity provider for a £550m five year binder with Pen Underwriting, as the general insurance business aims to grow its premium by double digits in the coming year.
Boyd Insurance snaps up Scottish broker
Boyd & Company has acquired independent insurance broker, Insureness.
This week in Post: Dual pricing and declaring bankruptcy
If only online retailers worked in the same way as price comparison sites and insurers.
London cab drivers rush to renew cover following Alpha collapse
Exclusive: London Black Cab drivers queued outside the offices of their insurance broker for a second day running, as drivers were left scrambling for alternative cover following the collapse of Alpha Insurance.
Transactor founder takes CEO job at I-Wonder
Former Transactor boss Ray Vincent has taken on the job of CEO of I-Wonder.
Gallagher eyes up multiple acquisition targets in H2
Gallagher is poised to return to acquisition with the broker expecting multiple broker purchases before the end of the year.
Lloyd’s severs links with NRA following inquiry
Lloyd’s has instructed underwriters to no longer do business with the National Rifle Association of America, following fines on Chubb and Lockton.
Gallagher returns to acquisitions with Risk Services deal
Gallagher has acquired regional commercial insurance broker Risk Services, its first UK broking acquisition in almost four years.
Government's draft whiplash regulation divides industry
LLegislators have revealed proposals for an updated whiplash definition and damages tariff, prompting fresh debate across the industry.
UK policyholders in limbo following Alpha insolvency
Exclusive: UK policyholders for Alpha Insurance have been left in limbo following the company being declared bankrupt.
Industry agrees to tackle dual pricing with sweeping guidelines
Industry bodies for brokers and insurers have agreed guidelines to halt the controversial practice of dual pricing.
Arista boss takes role at Axa commercial
Axa commercial has named former Arista managing director, Nick Watson, as director of commercial distribution and trading.