News
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.
Lloyds Bank insurance boss Bill Cooper leaves role
The head of insurance at Lloyds Bank, Bill Cooper, has left the business.
Chubb and Lockton fined over provision of ‘murder insurance’
Chubb and Lockton have both been fined by a US insurance watchdog for providing what campaigners have described as “murder insurance” for rifle owners.
This Month in Post: shame, sunshine and an opportunity for change
Insurers have published their gender pay gap statistics. It was never going to go well and the industry's shameful figures further highlight that change is needed. With a bank holiday weekend approaching, perhaps it would be prudent to use that extra day…
Allianz to stop insuring coal power plants and mines
Allianz will stop insuring single coal-fired power plants and coal mines and divest from companies planning to build more than 500 MW of new coal power capacity.
Zurich ex-UKGI boss Conor Brennan becomes CEO of Irish broker
Exclusive: Zurich’s UK general insurance boss Conor Brennan has left the business.
Charles Taylor targets international growth with insurtech acquisition
Charles Taylor Insuretech Limited has acquired Latin American insurance technology software provider Inworx.
Ogden rate revision spurs GWP growth for Covéa
Covéa Insurance saw a 10.8% increase in gross written premiums in the financial year to 3 May, up to £739m from £666.3m in the previous year.
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.