News
Japanese Sompo aims to become a 'truly global insurer'
Sompo's president and CEO, Kengo Sakurada has said the Japanese insurer aims to build a business which competes on a global scale with its purchase of Endurance.
Brokers call for greater FCA engagement following Simon Green's resignation
Brokers have called for a 'champion of brokers' to take up the role of head of insurance at the Financial Conduct Authority.
ALPS opens office to reach growth targets
Auto Legal Protection Services, is expanding its UK operations with the opening of a new office in Congleton in the North West of England.
Torlea buys Lloyd's broker Kinetic
Torlea Group has bought Kinetic Insurance Brokers.
David Hertzell, Aviva, Allianz, Axa and QBE among 2016 Insurance Fraud Awards winners
David Hertzell was crowned winner of the achievement award at last night’s Insurance Fraud Awards.
AIG court case against private investors continues
A professional indemnity insurance appeal brought by AIG Europe against private investors will be heard in the Supreme Court on Monday, 10 October 2016.
Tough attitude from ICO on Talk Talk breach highlights issue for data protection regulations
Insurance lawyers believe the Talk Talk data breach has highlighted important issues in time for the forthcoming 2018 data protection regulations.
RSA appoints Steven Zuanella as group chief digital officer
RSA has appointed Steven Zuanella to the role of group chief digital officer.
Personal injury claims on the rise in Scotland
Personal injury claims in Scotland have continued to rise over the past four years, despite a drop in claims in England according to figures from DWF.
Two-thirds of EU insurance legislation already enshrined in UK law
Two-thirds of European Union legislation that affect the insurance sector are already enshrined in UK law.
Aggregator websites now 'significant' distribution channel in Europe
Price comparison websites are now a “very significant” distribution channel for car and home insurance across Continental Europe.
Besso Insurance Group reports 16% increase in brokerage as turnover hits £37.6m
Besso Insurance Group has reported a strong increase in its brokerage income in its 2015 results as turnover currently stands at £37.6m with pre-tax profits of £5.26m.
Berkshire Hathaway Specialty expands to Macau
Berkshire Hathaway Specialty Insurance has gained an insurance and reinsurance license for Macau.
Asia Capital Re sells to Chinese investment firms
Singapore-based ACR Capital Holdings' shareholders have agreed to sell the reinsurance firm to two Shenzhen state-owned firms.
Nelson welcomes PM's Brexit timeline
Lloyd’s chairman John Nelson has welcomed Prime Minister Theresa May’s confirmation that Article 50 will be invoked before March next year.
Charman to net £255m from sale of Endurance to Sompo
John Charman stands to gain £255m from the £4.95bn sale of Endurance to Sompo.
Broker Network set on building a 'regional broking powerhouse'
Broker Network is aiming to building a “regional broking powerhouse” as it sets its sights on further acquisitions.
New cyber coverage endorsement could minimise business interruption following an attack
Fm Global has introduced a new add-on product which gives current policy holders the opportunity to maximise their recovery from a cyber-attack.
Flood Re backing 53,000 policies six months after launch
Flood Re is now backing 53,000 policies just six months after the scheme’s launch.
Hastings investors to sell £99.8m stake
Investors in motor insurer Hastings will sell shares worth around £99.8m.
Axa to flood terrace house in research project
Axa will build and then flood a terraced house in a project aimed at helping develop flood resistant homes.
Only a quarter of UK insurers now support Solvency II
Support for Solvency II is waning with just a quarter of UK insurers believing the regime is the best way to run their business.
Finch becomes Broker Network's first regional broker buy
Broker Network has bought commercial broker Finch Commercial Insurance Brokers.
Big Data – a challenge and opportunity for brokers
The rise in Big Data could usher in a host of opportunities for insurers to expand their customer bases and develop innovative products and services; but it could also prove a test for brokers.