News
UK General technical director Simon Tate leaves the business
UK General technical underwriting director Simon Tate has left the business, with his departure following the resignation of chief risk officer Steve Blott last month.
UK General parts ways with DFS and Argos furniture warranty provider
UK General has closed its underwriting agency with the company which provides furniture warranty insurance to Argos and DFS.
Lemonade increases customer base by 43% eight months after its launch
Lemonade has grown its customer base by 43%, eight months since its launch in America, beating its annual target.
Gallagher Bassett acquires Strata Solicitors
Gallagher Bassett has acquired Strata Solicitors as the third-party administrator continues to bolster its size and offering in the United Kingdom.
Insurers in row with BA over bill for cancellation expenses
Insurers have hit out at British Airways for encouraging customers to claim on their travel insurance for ‘disruption expenses’ caused from the recent IT outage.
2017 Post Claims Awards: Full list of winners
Covea notched up two team wins and NFU Mutual chief claims manager Matthew Scott (above) took home the Achievement Award at the Post Claims Awards last night at the Sheraton Park Lane, London.
Manila casino attack has "doubtful" links to terrorism, says Philippines police
A deadly attack in casino Resorts World Manila has left many dead and injured.
Suncorp adopts AI for claims
Brisbane-headquartered insurer Suncorp is using artificial intelligence to help it create self-service claims for at fault car crashes.
Ageas claims employee jailed for fraud
An Ageas employee has been jailed for three years and four months for defrauding his employer out of £271,489 in order to finance his gambling habit.
Insurers ‘will need to assess’ safety of driverless cars handover systems
Driverless car manufacturers should consider installing ‘phased handover’ functions to minimise the disruption when vehicles switch from autonomous to manual driving.
Declines in global insurance pricing slow in Q1: Marsh
Global insurance rate decreases moderated for the fifth consecutive quarter, down 2.3% in the first quarter of 2017 compared with the previous quarter’s 3.1%, according to Marsh.
Atradius appoints Geller to head London underwriting team
Gary Geller has been appointed as the London underwriting team head for global trade credit insurer Atradius' special products unit.
Gen Re boss appointed MD for Guy Carpenter Benelux
Hans van Oort has been appointed as the managing director of Guy Carpenter Benelux and will be responsible for leading the company’s presence in Belgium.
In Depth: The GDPR time bomb
The implementation date of the General Data Protection Regulation is less than a year off but the industry’s attention is elsewhere, with issues like Brexit, the General Election and the discount rate looming large on the horizon
Penny Black's Social World - June 2017
Clicking, cleaning and 141 cars
Insurance Premium Tax rises to 12%
Insurance Premium Tax has today risen from 10% to 12% as outlined by Chancellor Philip Hammond in November.
Thatcham chief technical officer Miller to retire
Thatcham Research’s chief technical officer Andrew Miller is set to retire.
Insurers should better explain cyber pricing to customers, survey finds
Seven out of 10 firms said insurers should do more to explain how they price cyber risk, according to a survey.
FCA names Keith Jackson as director of GI
Aon’s chief risk officer Keith Jackson has been appointed to the role of director of general insurance and protection at the Financial Conduct Authority.
EU gets go ahead to sign covered agreement with US
The European Council has approved the signing of the covered agreement with the United States that would harmonise insurance and reinsurance regulation on both sides of the Atlantic.
FM Global chooses Luxembourg for post-Brexit hub
FM Global has been granted a license to operate in Luxembourg as the commercial property insurer looks to establish a post-Brexit base on the continent.
Aviva detected £85m in insurance fraud last year
Aviva detected £85 million of insurance fraud last year and recorded a 9.5% increase in the number of fraudulent claims.
Post to launch Mumbai Insurance Club
The inaugural Mumbai Insurance Club will be on 15 June.
New South Wales defers fire and emergency services levy
Australia's insurers are calculating the cost of a political decision to delay the introduction of a fire and emergency services levy in New South Wales on 1 July.