News
Anthem's proposed $54bn acquisition of Cigna blocked by judge
Yesterday two US health insurance giants were told they wouldn't be granted permission to merge by a federal judge.
Suncorp posts 20% first half insurance profit rise
Brisbane-based financial services group Suncorp saw insurance after tax profit grow strongly in Australia but fall back in New Zealand.
Government sets out insurance framework for driverless cars
The government will set out a framework this week for insurance for driverless cars, a move that has been welcomed by insurers.
GRP investment will free Higos for acquisition spree
Regional broker Higos Insurance Services has the backing of its new owner Global Risk Partners for further acquisitions.
Kwik Fit closure hits Ageas with £23m restructuring bill
Ageas faces a bill of £23m in restructuring costs owing to the closure of its Kwik Fit business in Uddingston.
AA prosecutes ghost brokers with Iovation's fraud force community
AA Insurance has successfully prosecuted a ghost broking fraud ring through the use of Iovation’s peer-driven fraud force community.
Cyber and chemical terrorism are top threats facing business says Pool Re
The increased cyber capabilities and rise in the use of chemical agents by extremist groups are two of the emerging threats facing UK business in 2017, according to Pool Re.
RSA puts in place new GRS operation model
RSA Global Risk Solutions has implemented a new operating model in order to better cater to the complex risk of customers.
Broker Ed names Wakefield marine and energy reinsurance head
London market broker Ed has appointed Andy Wakefield as managing director of marine and energy reinsurance.
Peter Graham departs as Barbon chair to focus on new ventures
Former Esure CEO Peter Graham has stepped down from his role as chairman of Barbon Insurance Group
RSA legacy sale to bolster its Solvency II position
RSA will use the sale of its legacy assets to further bolster its Solvency II position, according to its chief financial officer.
LV Broker partners with Una to develop products
Lv Broker has joined the partner panel of Una to collaborate on new products.
GRP expands regional presence with Higos acquisition
Global Risk Partners will acquire commercial and personal lines broker Higos Insurance Services for an undisclosed sum.
RSA disposes of £834m UK legacy book
RSA has agreed to dispose of UK legacy insurance liabilities worth £834m to the Bermuda-based Enstar Group.
Singapore employee benefits broker links with Fosun for China push
Singapore-based employee benefits firm the CXA Group is linking up with Fosun-owned Shanghai Zhongheng Insurance Brokers.
Berkshire Hathaway Specialty to open London office
Berkshire Hathaway Specialty Insurance is to open an office in London and has appointed executives to its property lines, executive and professional liability and claims divisions.
ABI and Apil give evidence in parliament over whiplash
Insurers and lawyers went head to head over whiplash reform at a Parliamentary committee hearing this afternoon.
Hiscox backs cyber capacity for Towergate MGA Fusion
Towergate-backed managing general agent Fusion has launched a cyber and data product offering limits of up to £5m.
Ex-Autofocus employees accused of 'industrial scale' perversion of justice
Seven former employees of Autofocus were accused of doctoring credit hire rate evidence to defend insurers in court.
FSCS refunds 75% of Enterprise customers
Three out of four former policyholders of Enterprise have been compensated by the Financial Services Compensation Scheme.
Argo completes Ariel Re deal
Bermuda-based Argo has closed its acquisition of Lloyd's insurer Ariel Re.
Munich Re sees profits slip owing to major losses
Munich Re has seen full year profits decline by 16% owing to storm and earthquake claims in the last quarter.
Insurers must promote terrorism insurance outside of cities: Pool Re
Insurers must promote terrorism insurance to small and medium size enterprises and those outside of London, according to the latest threat report from Pool Re.
Autofocus trial over 'widespread perversion of justice' begins
A trial against seven former Autofocus employees for contempt of court began today at the Royal Courts of Justice.