News
Hiscox stages 'cyber attack' on bike shop
Hiscox recently joined forces with Brompton Bicycle to stage a brick-and-mortar simulation of common hacking practices such as phishing and ransomware to demonstrate the risk of cyber attacks to small businesses.
Hyperion to take measured approach to acquisitive growth
Hyperion will look to build on its retail business this year, but CEO David Howden said the firm will never chase premium through acquisitions.
Brightside MGA Kitsune targets £37m GWP in first 18 months
Exclusive: Brightside's newly-launched managing general agent, Kitsune Associates, is aiming to reach in £20 to 25m in gross written premium in its first year of trading, with plans to potentially reach £37m within 18 months.
Pet insurance start up Waggel targets ‘thousands’ of customers by the end of the year
Insurtech pet insurance provider Waggel, which launched a month ago, hopes to pick up thousands of customers by the end of the year.
Irish broker Arachas mulls post-Brexit UK broker partnerships
Irish broker Arachas is considering reaching out to UK partners to overcome potential passporting barriers in a post-Brexit world.
Gallagher UK to focus on integration of Stackhouse Poland this year
Gallagher UK will be "thoughtful" about the pace at which it buys other businesses this year, as it focuses on the integration of Stackhouse Poland into the wider group.
Marsh soon to launch $5bn senior notes offering to fund JLT acquisition
Marsh parent Marsh & McLennan has revealed the pricing structure of a $5bn senior notes offering, prior to the completion of its acquisition of JLT.
Clyde & Co launches new training programme to improve gender balance
Clyde & Co has launched a communication-oriented training programme targeted at female lawyers as they strive to build a more gender-balanced brand.
Deal with Richard King’s Ticker sees Hood Group enter telematics
Hood Group and Richard King-led Ticker have entered into a three year contract, which will see service provider Hood Group venture into telematics for the first time.
Zego in debt deal with venture capitalist Triplepoint
Exclusive: Pay as you go insurtech Zego has inked a deal with venture capitalist Triplepoint that will see it take on debt to fund further expansion.
Pool Re to hand back terrorism contingency cover to commercial market
State-backed terrorism insurer Pool Re will no longer offer contingency cover, as the commercial market believes it has the capacity to take back control.
Nicholas Gartside to join Munich Re board of management as chief investment officer
JP Morgan Asset Management managing director, Nicholas Gartside is set to start as Munich Re’s chief investment officer on 18 March 2019.
Granite Underwriting gets private equity backing for growth plans
Inflexion Private Equity has made a minority investment in speciality motor insurer, Granite Underwriting.
Kingsbridge acquires gig economy insurtech Dinghy
Kingsbridge Group has acquired of insurtech company Dinghy, which provides on-demand professional indemnity cover to freelancers and ‘gig’ economy workers.
42% of insurers and brokers have made or are considering Brexit moves
Nearly half of insurance brokers and insurers are considering moving or have confirmed that they are moving some of their operations and staff as a result of Brexit.
Gallagher to buy Stackhouse Poland
Gallagher will buy acquisitive regional broker Stackhouse Poland.
Month in Post: Do insurers dream of Brexit?
We may not have flying cars, humanoid robots and exaggerated shoulder pads, but there is every reason to believe that the 2019 predicted by 80s film Blade Runner, looks very slightly dystopian.
Lloyd's and Hiscox 'unaffected' by 9/11 hack
Lloyd’s of London and Hiscox have said they were not hacked and were unaffected by a security breach by a hacker group calling itself the Dark Overlord.
Ciaran Astin to exit Hastings amid leadership restructure
Exclusive: Hastings Direct retail commercial director Ciaran Astin will be leaving the business, as it re-juggles its senior leadership team structure.
Penny Black's Social World: January 2019
CSR, charity week and clearing gardens
Gable disputes £8.8m worth of claims in bankruptcy hearing
Failed unrated insurer Gable has disputed 100 claims totaling CHF 10.9m (£8.8m) in its first bankruptcy court hearing.
Besso faces near $10m lawsuit over ‘secret profits’ extracted by rogue former director
Exclusive: Besso is facing an almost $10m lawsuit from a group of hotel companies in the Caribbean, after an ex-director was alleged to have concealed brokerage.
Analysis: How insurers are preventing the Brexit brain drain
Insurers are coming up with ways to get round obstacles to doing business in Europe after Brexit
FCA sets March deadline for CMC permissions
The Financial Conduct Authority has invited claims management to register for temporary permission to continue operating once the sector enters the financial regulator’s remit later this year.