News
Arron Banks’ Eldon adds appointed representative
Exclusive: Eldon Insurance has made recently incorporated company Lysander Legal Protection an appointed representative.
Confused appoints ex-Wonga exec as COO
Confused has hired Stephen Dukes, former boss at the Commuter Club and Wonga, as its chief operating officer.
Hiscox floats seized ship cover as Iran Gulf tensions threaten premiums
Hiscox has developed a product designed to protect shipping targeted by nation states amid warnings that escalating tensions between Iran and the UK and its allies could lead to higher insurance premiums.
Investment returns drive Beazley half-year profit as it strengthens cat reserves
Beazley saw double-digital premium growth in the first six months of the year, posting a pre-tax profit of $166.4m (£133.9m) largely driven by “exceptional” investment returns.
FCA announces crackdown over treatment of vulnerable customers
The regulator has vowed to “take action” against insurers that do not treat vulnerable customers fairly.
Zurich sees 25% jump in female job applicants
Zurich UK has seen a 25% increase in female applicants since embarking on a part-time jobs initiative.
GRP buys Lancashire-based broker
Lancashire-based broker 3XD has hailed its “growth prospects” after being bought by consolidator GRP.
Axa XL names incoming Europe CUO
Axa XL has appointed Paul-Henri Rastoul as chief underwriting officer of its EU-registered vehicle, XL Insurance Company SE.
30,000 Alpha policyholders to be moved to new insurer
More than 30,000 property policyholders affected by the collapse of Alpha have been thrown a lifeline in the form of alternative cover arranged by the Financial Services Compensation Scheme.
Half of industry growth over next five years to be driven by M&A, say insurers
A majority of insurers believe that mergers & acquisitions will drive more than half of the growth in the industry over the next five years, research by Deloitte has found.
This week: Gaukward moment for insurers following Ogden change
It was around Spring when office chat turned to the trend of insurers bolstering full year accounts through claims reserve releases.
Insurers attack 'misleading and wholly disingenuous' discount rate impact assessment
The impact assessment issued to parliament in relation to Lord Chancellor David Gauke’s decision to set the discount rate at minus 0.25% has been called “misleading and wholly disingenuous” by Huw Evans, director general of the Association of British…
Aviva's Neos hopes to double UK customer base by year end
Neos intends to double its UK direct customer numbers this year, amid international expansion plans and the launch of an add-on product for the UK market.
Young driver curfew plans 'could have deadly consequences'
Introducing graduated licensing for young drivers could have unintended adverse effects, warns Mike Brockman, CEO and founder of ThingCo.
Opponents of diversity 'shouldn’t be working in this marketplace': Miller CEO
Miller CEO Greg Collins has emphasised the need to root out ‘unpleasant and unhelpful views’ in the industry ahead of the fifth year of diversity and inclusion festival, Dive In.
Victor Insurance is looking to expand internationally
Victor Insurance is looking to build on growth following the rebrand from Bluefin Underwriting.
Revealed: Leaked emails show Ecclesiastical staff using 'callous' language over child abuse claims
Ecclesiastical claims handlers suggested a child abuse survivor could be “bought off” for a modest sum, according to a cache of emails obtained by Post.
Victor names incoming UK boss
Victor Insurance, formerly Bluefin Underwriting, has appointed John Stephenson as country manager, UK, succeeding Paul Drake.
Money Supermarket clone site shut down
The Financial Conduct Authority has issued a warning about fraudsters operating a clone of price comparison website Money Supermarket.
B3I appoints John Carolin as CEO
John Carolin has been appointed CEO of B3I. He has held the position on an interim basis since March, succeeding B3I co-founder Paul Meeusen.
Hastings reveals Ogden rate hit
Hastings shares fell this morning after saying the Ogden rate change to minus 0.25% would result in a one-off £8.4m blow.
Ecclesiastical hauled over coals in child abuse inquiry
Ecclesiastical was forced to admit the advice it gave to the Church of England related to a child abuse claim could have been handled better.
Allianz in 'advanced negotiations' with partners to launch open platform
Allianz has reaffirmed its commitment to its open platform initiative despite there being outwardly little progress in the 18 months since it was first announced the plan at the beginning of 2018.
Analysis: Industry faces financial blow from discount rate revision
Insurers that have been pricing and reserving using a discount rate of between 0 to 1% may face a short term financial hit, analysts have warned.