News
Gable CEO Dewsall lambasts "devastating" Solvency II as Brexit blamed for £2.3m loss
The chief executive of Gable Holdings has described the impact of Solvency II as “devastating” and that it had rendered its business model “obsolete”.
Home & Legacy launches renewed Halo platform
High net worth insurer Home & Legacy has launched an online trading platform for brokers.
UK motor insurers in 'false sense of security', could lose three quarters of revenue
The UK motor insurance market could see a 75% drop in premiums by the year 2040, falling from the current £18.5bn a year to just £4.6bn.
Comparison sites welcome competition watchdog review
Price comparison sites have welcomed a review into their business practices by the competition watchdog.
Principal hires David Hiley as COO
Principal Insurance has appointed David Hiley as the group’s first chief operating officer.
Brokers seek help to monitor ARs in wake of FCA review
Compliance consultants have seen a three-fold increase in the number of brokers contacting them since the Financial Conduct Authority Thematic Review into appointed representatives.
Kerry London aims for £20m turnover by 2020
Kerry London has outlined a “five-year vision for growth” as the broker sets its sights on further expansion.
Applied Systems acquires IS2 platform
Applied Systems has acquired the eTrading personal lines platform from IS2, as part of a wider strategy to expand into the UK market.
LV boss Tyson to leave following executive restructure
Julia Tyson, HR director at LV Group has left her position with the UK insurer after an executive team review by new CEO Richard Rowney.
Data protection changes post-Brexit 'could be quagmire of complexity'
The UK must mirror the EU’s data protection regime post-Brexit to avoid a “quagmire of complexity”, insurance bodies have told Post.
Loss adjuster to face criminal court over alleged data misuse
A loss adjuster said it is “disappointed” that an alleged instance of misuse of data will be heard at a crown court.
Insurance industry could face a 'talent block' following Brexit, Linked In warns
The insurance industry could face a severe talent block following Brexit, data from Linked In has shown.
Helios looks to raise £8.45m on stock exchange
Helios is aiming to raise £8.45m by issuing new shares on the stock exchange.
R&Q acquires legacy book from Belgian insurer
Randall and Quilter has taken on a portfolio of legacy exposures from Aviabel.
Ferraris and Porsches among uninsured luxury cars seized by police in 2016
Porsches, Ferraris, Bentleys and Maseratis are among the 22,000 uninsured vehicles seized by police in 2016, a new survey found.
Insurance premium tax goes up to 10% in second increase in less than a year
Insurance premium tax rates will go up to 10% tomorrow, marking an overall rise of 66% in less than a year.
Minor damage insurance sales are on the rise
Minor damage insurance sales are on the rise as new private registrations appear to be falling.
Insurers call on government to halt motorway expansion plans due to safety fears
Insurers have called on the government to put a hold on all lane running plans across the motorway network until safety concerns have been answered.
French regulator to 'speed up' licensing for UK firms following Brexit vote
The French stock market watchdog will simplify licencing procedures for UK businesses considering relocating to France following the Brexit vote.
Dual sees fresh wave of senior departures
Two senior directors have left Dual in a latest batch of senior departures, Post understands.
List of 305 brokers affected by SSP outage submitted to FCA
The Financial Conduct Authority has received a list of 305 brokers affected by the SSP outage.
FCA sees dramatic rise in cyber attacks
There were 75 cyber attacks on financial services firms last year, the Financial Conduct Authority said.
CII will move from Insurance Hall, Fisher confirms
Chartered Insurance Institute CEO Sian Fisher told Post that the body will move from historic Insurance Hall to offices in the city.
Hanjin crisis now a ‘global claims phenomenon’, loss adjusters warn
Loss adjusters have been appointed multi-million pound contracts to recover cargo lost as a result of the Hanjin shipping crisis.