News
GRP acquires Country & Commercial Insurance Brokers
Global Risk Partners has acquired a majority interest in agricultural brokerage Country & Commercial Insurance Brokers.
Brexit has led to a drop in overseas business: PWC
Confidence in the market among general UK insurers dropped last year with Brexit set to impact business volumes, according to a survey.
Co-op insurance launches medical expenses travel insurance
Co-op Insurance has entered the travel insurance market with a product that offers cashless medical expenses.
Gallagher's "M&A pipeline is full" after 2017 growth
International broking giant Arthur J Gallagher will continue to acquire in 2018.
Kopp to swap Korea for Thailand at Chubb; Ler to replace Kopp
Edward Kopp, Chubb's general insurance country president in Korea, is moving to Thailand.
Aspen CEO Stephen Postlewhite leaves with immediate effect
Aspen CEO Stephen Postlewhite is leaving the business with immediate effect.
MIB issues warning over scam callers
Motorists are being bombarded with calls from scam artists pretending to be the Motor Insurers' Bureau.
Watchstone sets £50.1m aside for S&G lawsuit
Watchstone has set aside £50.1m in preparation for a High Court claim issued against it by Slater and Gordon.
This week: Technology, treasury and trade credit
I'm not sure who was more excited about technology in our house this week, my son discovered that virtual pets in the form of Tamagotchi are making a comeback in the UK this year while I learnt a bar has opened where robots make you cocktails.
One Call ‘regrets’ mishandling of client money
One Call said it has rectified the client money errors that led to more than £1m in fines from the Financial Conduct Authority.
Aspen takes $245m underwriting loss in Q4
Aspen expects to post a $245m underwriting loss in the fourth quarter of 2017.
One Call slapped with huge fines by FCA
One Call and its CEO John Radford have been slapped with fines totalling more than £1m by the Financial Conduct Authority.
Aioi Nissay Dowa relocates to Leadenhall Street
Aioi Nissay Dowa Insurance Company of Europe is to relocate to offices in Leadenhall Street this week.
Justice Committee chair earns £15,000 a year from personal injury law practice
Exclusive: The chair of the Justice Select Committee earns £15,000 a year from a law practice with a significant personal injury insurance practice.
Cyber MGA Ascent Underwriting acquired by Preservation Capital Partners
Preservation Capital Partners has acquired cyber and specialty lines managing general agent Ascent Underwriting.
Composite Legal Expenses acquires business and assets of General Protection Limited
Composite Legal Expenses has acquired the business and assets of York-based firm General Protection Limited.
Das develops Alexa skill to provide assistance with legal issues
Legal expenses insurer Das Group has launched an Alexa 'skill' for the Amazon Echo Amazon’s virtual personal assistant.
Clyde & Co pilots online personal injury arbitration platform
Clyde & Co is piloting an online arbitration system for personal injury claims.
DAC Beachcroft signs partnership with Hong Kong law firm
Hong Kong law firm Oldham Li and Nie will work closely with international law firm DAC Beachcroft..
Carillion collapse to cost industry £31m
Trade credit insurers expect to pay £31m to help businesses recover following the collapse of construction giant Carillion, according to figures from the Association of British Insurers.
RSA appoints new commercial bosses after Robinson and Gearey leave
RSA has appointed two new commercial bosses following the departure of Hayley Robinson and James Gearey.
GPI launches legal claim to recover £1m from Lloyd’s broker
Exclusive: An insurer has launched a legal petition to wind-up a Lloyd’s broker, over an unpaid claim of almost £1m.
Alibaba invests in safe driving app start-up
Tel Aviv-headquartered motor technology firm Nexar has closed a $30m (£21.4m) round of financing.
Analysis: Soft reinsurance renewals dash hard market hopes
After five consecutive years of falling rates, global property-catastrophe reinsurance experienced upward pricing pressure at 1 January renewals.