News
Davies completes second acquisition of the year
Davies Group has added two firms to the group with the acquisition of GBB holdings which comprises of specialist investigation business GBB and motor engineering solutions provider Banwells.
Sedgwick buys US giant York Risk Services
Sedgwick has bought York Risk Services, one of the largest loss adjusters in the US.
Flood Re and Axa propose funding flood-resilient home improvements
Payouts on household flood claims could rise above the cost of damage in order to enable claimants to make their homes more resilient to future incidents, under proposals outlined by Flood Re.
This month: Reputation, climate change and technology
This month’s issue looked at reputational issues the sector is facing and what needs to be done to improve the industry's reputation going forward.
Top 0.2% of firms to pay 61% of next year's FSCS levy
110 financial services firms will pay 61% of the Financial Service Compensation Scheme’s levy in 2019/20, according to indicative numbers published by the compensation fund.
Lloyd's cracks down on silent cyber risk with new mandate
Lloyd’s market participants will soon be required to clearly state whether policies cover cyber-related losses, such as cyber-attacks and loss of data.
Insurers paid out NZ$40bn following Christchurch earthquake
Christchurch City Council estimates that insurers have paid out around NZ$35-40bn (£18.6-21.2bn) following the earthquake in 2011.
Lawyers predict influx of child sexual exploitation cases following Supreme Court ruling
Exclusive: There will likely be an uptick in child sexual exploitation cases following a Supreme Court judgment, lawyers have warned.
Zego enters France and Belgium following $42m raise
Zego has struck up a deal with e-scooter start-up Dott, which will see it enter the French and Belgian markets for the first time.
MGA recovers 55% of money stolen through email conveyancing fraud
A fraud response initiative set up by managing general agent Pen Underwriting has more than halved the amount of money lost in cases of cyber conveyancing fraud since 2017.
CRL deadline to transfer Alpha policies pushed back again as talks continue
CRL is making “good progress” in talks to move its Alpha policyholders over to another insurer and has seen its deadline pushed back.
Analysis: Is the IPT review another disappointment?
The government has promised to review the application of the Insurance Premium Tax. But does the planned review go far enough?
Former Aviva boss joins MS Amlin as COO
MS Amlin has appointed Rob Houghton as chief operating officer, replacing Simon Smith.
Lloyd's issues e-placement targets as Neal outlines future performance review regime
Lloyd’s has confirmed electronic placement targets for the rest of 2019, mandating syndicates place at least 60% and 70% of risks electronically in the third and fourth quarters respectively.
Amanda Blanc quits as Zurich EMEA CEO after just nine months
Zurich Insurance Group has today confirmed that Amanda Blanc, CEO for Europe, the Middle East and Africa and bank distribution and a member of the group’s executive committee, has tendered her resignation.
Trade body raises concerns over whiplash portal
Credit hire firms have raised concerns over the latest developments of the forthcoming whiplash portal.
Lloyd's response to culture concerns 'not enough' says Neal
Lloyd's CEO John Neal has addressed concerns about the workplace culture at Lloyd’s, saying “whatever we’ve done so far, it’s not enough”.
Chubb withdraws from coal underwriting over climate change fears
Chubb will phase out its coal insurance policies within the next three years, amid climate fears.
AA share price tumbles after investor reduces stake
Share prices for the AA fell this morning, following investor Woodford Investment Management significantly reducing its stake in the business.
Former claims management company boss fined over £1.4m data scam
A former claims management company boss has been found guilty of illegally obtaining people’s personal data and selling it to solicitors.
Danish regulator disputes Gefion’s reported 130% solvency ratio, dropping it to 105%
The Danish Financial Supervisory Authority has pegged Gefion’s solvency ratio as just 105% at May 2019, rather than the 130% the company has claimed.
BGC recruits Willis' Smaje to head aerospace brokerage
BGC has appointed Philip Smaje as CEO of its global aviation and space reinsurance brokerage.
Allianz appoints Tom Leonard as London regional manager
Allianz Insurance has appointed Tom Leonard as its London regional manager.
Launching an MGA harder than ever: MGAs and carriers
Setting up a managing general agent is now much harder than at any time previously, according to a survey of over 100 MGAs and insurers conducted by Clyde & Co.