News
Risk spend should increase on intangibles: Airmic
Risk managers need to overcome their blind spot toward intangible assets like reputation and intellectual property, a conference heard.
Geopolitical risks are a growing concern for boards: Airmic
Six out of ten risk managers believe that geopolitical tensions will become harder to manage for businesses in the next three years.
Insurers issue motor claims inflation warning over new technology
Exclusive: The complexity of repairing semi-autonomous vehicles has seen claims inflation rise significantly in the past year, insurers have warned.
Leadership shakeup at Aviva continues as CFO departs
Tom Stoddard has stepped down from his role as group chief financial officer at Aviva, continuing a shakeup at the senior levels of the company.
FSCS will assist policyholders following Lamp collapse
The Financial Services Compensation Scheme will protect customers of Lamp Insurance following the unrated insurer’s demise.
PIB to increase GWP to £900m with Cobra acquisition
PIB will see its gross written premium grow from £550m to £900m with the acquisition of Cobra.
Ageas pulls the plug on insurtech Back Me Up
Exclusive: Ageas has closed its app-based millennial insurtech Back Me Up to new business.
Scottish broker Blackford buys TL Dallas client portfolio
Scottish broker Blackford has acquired the client portfolio and a full commercial broker team from independent insurance broker TL Dallas, to launch its offering in Edinburgh.
Home & Legacy appoints operations manager
Allianz subsidiary Home & Legacy has appointed Gemma Nunn as operations manager.
Government launches review into 'fairness' of IPT
HM Revenue & Customs has published a call for evidence on the operation of Insurance Premium Tax to ensure it continues to operate “fairly and efficiently”.
Anglia Ruskin’s insurer ‘acted negligently’ in settling false advertising claim
Anglia Ruskin University has slammed its insurer over a payout to a former student.
Harris Balcombe appoints former Crawford boss
Harris Balcombe has appointed former Crawford head of fraud, Neil Daniel, to lead its newly launched fraud division.
Airmic CEO Ludlow calls for greater transparency around insurer risk appetites
Insurers must more clearly communicate changes in risk appetite to insurance and risk managers, the CEO of the Association of Insurance and Risk Managers in Industry and Commerce John Ludlow has said.
Applied Systems names incoming CEO
Reid French has been replaced as CEO of Applied Systems by Taylor Rhodes.
Post reporter Jen Frost named UK's top young finance journalist
Post senior reporter Jen Frost has been named as the UK’s top finance journalist under the age of 30.
Tasker completes second acquisition of the year
Tasker Insurance Group has completed second acquisition of the year with the purchase of Hobbs Associates.
CBL creditors owed in excess of £90m
Creditors of CBL Corporation, the parent company of CBL Insurance, are expected to be owed in excess of £90m.
Lamp enters liquidation following court hearing
Insolvent unrated insurer Lamp has been placed into liquidation following a court hearing today.
Allianz to integrate L&G into LV
Allianz will transfer Legal & General’s general insurance business to LV once it completes its takeover at the end of the year.
This week in Post: Big fish, little fish, cardboard box?
It might be the name, but this week I’ve spotted some similarities between Gibraltarian unrated insurer-facing-liquidation Lamp Insurance and an angler fish, sparking some strange and slippery debate in the office.
Allianz buys L&G general insurance business for £242m
Allianz has agreed to buy Legal & General’s general insurance business for a base price of £242m plus potential further payments over three years.
LV GI valued at £1bn following Allianz takeover deal
Allianz has bought the remaining 30.1% stake in LV General Insurance for £365m.
MGA looks to relocate 13,500 customers following Lamp collapse
Exclusive: Now 4 Cover is looking to relocate policies of 13,500 of its customers, following Lamp’s descent into insolvency.
Home insurance premiums drop despite higher claims
Average home insurance premiums have dropped 1.2% in the past year to £134, despite a rise in subsidence claims, according to the latest report.