News
Charles Taylor Insuretech to lead Lloyd's delegated authority solution
Charles Taylor Insuretech has been chosen to deliver a delegated authority solution to the Lloyd’s and London market.
$1.7bn fintech bank Revolut to launch new insurance products after closing Series C funding
Fintech banking start-up Revolut has outlined plans to launch further insurance products after closing its latest funding round, raising $250m (£181.6m) to become Europe's latest tech unicorn.
Lancashire profit jumps 48% in Q1
Property and casualty insurer Lancashire Holdings saw a 48% jump in pre-tax profit for the first-quarter.
Zurich uncertain of staff numbers following underwriting shakeup
Exclusive: Zurich has said it is uncertain as to whether or not it will lose staff as a result of its recent shake up to change where certain types of business are underwritten.
Anti-fraud network becomes associated member of ABI
Anti-fraud network No Office Walls has become an associated member of the Association of British Insurers and has on boarded seven large UK insurers and brokers to the platform.
Risk sharing start-up extends partnership with Zurich
Insurtech start-up Laka has graduated from the Financial Conduct Authority sandbox and will extend its partnership with Zurich.
Direct Line hit with £50m bill for Beast from the East
Direct Line Insurance Group reported a 5% drop in quarterly gross written premiums and faces a £50m bill as a result of Britain's long, icy winter.
Lloyd's CFO Parry to depart in 2019
Lloyd’s chief financial officer John Parry, has decided to leave the Corporation after 17 years.
Higos hires Matthew Hartigan as managing director
GRP-owned Higos has appointed Matthew Hartigan as managing director, succeeding interim managing director Neil Thornton.
Editor's comment: As easy as ABC
As any mother does, from the day my son was born, I spend a lot of time trying to get him to talk. We did baby sign language, Monkey Music singing nursery rhymes and, of course, I read to him every night before bed.
Industry fears FCA plans could kill professional indemnity market
The insurance watchdog has opened a consultation into proposals which could see a surge in personal indemnity premiums and force some providers out of the market altogether.
Honcho granted FCA approval as it expands into motor market
Price comparison website disruptor, Honcho has been granted authorisation from the Financial Conduct Authority as it expands into the motor insurance market.
Rate increases remain inconsistent, says JLT
Rate increases remain inconsistent with rises largely limited to loss effective lines of business, according to Jardine Lloyd Thompson.
Crawford boss to become partner at Harris Balcombe
Crawford’s head of financial risk services, Steven Nock, is to join loss assessor Harris Balcombe when partner Nick Balcombe retires in autumn this year.
Swiss Re names Jake Algar Corporate Solutions head
Swiss Re's insurance arm Swiss Re Corporate Solutions has named Jake Algar head of UK & Ireland, effective 1 May 2018.
Bridle Insurance CEO set to take over Sunderland FC
Bridle Insurance CEO, Stewart Donald, is set to sell Eastleigh, in order to buy Sunderland Football Club.
Tokio Marine Kiln appoints Anna McNamara as chief operating officer
Tokio Marine Kiln has appointed Anna McNamara as group chief operating officer with effect from 26 April.
R&Q profits jump after Lloyd's managing agency disposal
Randall & Quilter saw a 176% jump in pre-tax profit in 2017, up to £23.5m from £8.5m in the previous year.
Insurers should re-examine attitude to chemical weapons following Salisbury incident
The insurance sector should re-examine its attitude towards business interruption and chemical weapon exclusions in the wake of the Salisbury incident, according to Pool Re.
IFB issues caveat on insurance fraud figures
Crime numbers that show a decline in insurance fraud are not likely to be representative, the Insurance Fraud Bureau has warned.
Watchstone losses continue as group prepares for divestment
Watchstone made an underlying Ebitda loss of £3.6m in 2017, compared to a loss of £4.9m in the previous year.
Rising Star: Fiona Simpson, Cunningham Lindsey
Fiona Simpson is a senior adjuster for Cunningham Lindsey. She started at Allianz Global Corporate & Specialty after studying insurance law and has since worked her way up the adjusting ladder.
Carole Nash products director to leave the business
Exclusive: Carole Nash products and marketing director Nick Baker is set to leave the business this summer.
Neos eyes up connected home security service following partnership with Homeserve
Smart insurance provider Neos has partnered with Homeserve Labs and will begin to offer Leak Bot devices to its home insurance policy holders from June 2018.