News
Ageas staff facing job losses to be offered roles with Autonet owner
More than 200 Ageas staff due to lose their jobs from the closure of the company’s Stoke-on-Trent offices could get to retain their positions after Autonet’s owner Atlanta Group agreed to take over the lease.
Markerstudy acquires Smart Driver Club Insurance
Markerstudy has bought telematics broker Smart Driver Club Insurance.
D&G plots growth following investment
Domestic & General has vowed further growth following investment from a United Arab Emirate fund.
Biba board appoints Batty and High
The British Insurance Brokers’ Association has made two key board appointments, as Aon's Julie Page steps down from her deputy chair role.
Spanish private health body hits out at ‘possible systemic fraud’ in UK travel insurance
The Spanish Private Health Alliance hit out at “possible systemic fraud” committed by British insurers offering problematic medical cover within travel policies.
Saffron managing director Dave Beswick to step down
Dave Beswick, managing director of Saffron Insurance, will leave the broker at the beginning of next year.
Zurich names Amanda Blanc's successor
Alison Martin has been appointed Zurich CEO EMEA and bank distribution, following Amanda Blanc stepping down after nine months in the role.
Aviva’s broker community picks up 1400 members in nine months
Aviva has so far picked up 1400 members for its broker community, which it launched last October.
US commercial drone insurtech partners with Chaucer in UK expansion
US on-demand commercial drone insurtech Skywatch AI has expanded into the UK, where its policies will be underwritten by specialty reinsurer Chaucer.
Premfina and Close Brothers to continue funding Gefion premiums after Premium Credit pulls out
Premium finance providers Premfina and Close Brothers will continue funding Gefion premiums following the unrated insurer’s tussles with the Danish regulator, as Premium Credit pulls out.
Davies completes second acquisition of the year
Davies Group has added two firms to the group with the acquisition of GBB holdings which comprises of specialist investigation business GBB and motor engineering solutions provider Banwells.
Sedgwick buys US giant York Risk Services
Sedgwick has bought York Risk Services, one of the largest loss adjusters in the US.
Flood Re and Axa propose funding flood-resilient home improvements
Payouts on household flood claims could rise above the cost of damage in order to enable claimants to make their homes more resilient to future incidents, under proposals outlined by Flood Re.
This month: Reputation, climate change and technology
This month’s issue looked at reputational issues the sector is facing and what needs to be done to improve the industry's reputation going forward.
Top 0.2% of firms to pay 61% of next year's FSCS levy
110 financial services firms will pay 61% of the Financial Service Compensation Scheme’s levy in 2019/20, according to indicative numbers published by the compensation fund.
Lloyd's cracks down on silent cyber risk with new mandate
Lloyd’s market participants will soon be required to clearly state whether policies cover cyber-related losses, such as cyber-attacks and loss of data.
Insurers paid out NZ$40bn following Christchurch earthquake
Christchurch City Council estimates that insurers have paid out around NZ$35-40bn (£18.6-21.2bn) following the earthquake in 2011.
Lawyers predict influx of child sexual exploitation cases following Supreme Court ruling
Exclusive: There will likely be an uptick in child sexual exploitation cases following a Supreme Court judgment, lawyers have warned.
Zego enters France and Belgium following $42m raise
Zego has struck up a deal with e-scooter start-up Dott, which will see it enter the French and Belgian markets for the first time.
MGA recovers 55% of money stolen through email conveyancing fraud
A fraud response initiative set up by managing general agent Pen Underwriting has more than halved the amount of money lost in cases of cyber conveyancing fraud since 2017.
CRL deadline to transfer Alpha policies pushed back again as talks continue
CRL is making “good progress” in talks to move its Alpha policyholders over to another insurer and has seen its deadline pushed back.
Analysis: Is the IPT review another disappointment?
The government has promised to review the application of the Insurance Premium Tax. But does the planned review go far enough?
Former Aviva boss joins MS Amlin as COO
MS Amlin has appointed Rob Houghton as chief operating officer, replacing Simon Smith.
Lloyd's issues e-placement targets as Neal outlines future performance review regime
Lloyd’s has confirmed electronic placement targets for the rest of 2019, mandating syndicates place at least 60% and 70% of risks electronically in the third and fourth quarters respectively.