News
Insurtech saw ‘possible’ data breach earlier this year
Exclusive: Insurtech So-sure alerted its customers to a possible data breach in January.
So-sure plots home insurance launch early next year
Exclusive: Mobile phone insurance insurtech So-sure will look to branch out into home insurance early next year and is mulling international expansion.
Insurance Institute of Ireland pulls member magazine cover after industry reaction
Exclusive: The Insurance Institute of Ireland has expressed ‘deep regret’ over a magazine cover interpreted as potentially being offensive to minorities and has immediately removed the graphic.
Hyperion to add $130m to acquisitions war chest
Hyperion is raising an additional $130m (£100m) debt to fund its acquisitions war chest.
Industry welcomes launch of discount rate review: updated
The government has launched a widely-anticipated review into the Ogden discount rate.
Swiss Re confirms exposure to Ethiopian Airlines crash
Swiss Re has confirmed it is a co-insurer of both Boeing and Ethiopian Airlines.
Ageas office closures result in 430 redundancies
Ageas UK will close its Stoke-on-Trent and Portsmouth offices resulting in around 430 redundancies, following a 45-day consultation.
Insurtech Kinsu hits pause over lack of funds
Exclusive: Millennial gadget and bike insurance provider Kinsu is no longer accepting new customers, which its CEO has said is due to a lack of investment.
Aviva wins landmark appeal in fundamental dishonesty case
Aviva has won a landmark appeal case that could see fundamentally dishonest claimants denied all damages, not just those relating to personal injury.
Underinsurance among the risks for increasing number of stockpiling businesses
More than one in five employees say their employers are stockpiling as a contingency against Brexit-related disruption, with these businesses at risk of being underinsured unless they ensure their cover is brought into line with the value of their…
Marsh looks to further €1.1bn of debt to fund JLT acquisition
Marsh is raising €1.1bn (£942m) through a senior notes offering, in addition to the $5bn (£3.8bn) it has previously announced.
Horwich Farrelly launches ‘Network of Women’
Insurance specialist law firm Horwich Farrelly has launched a Network of Women, designed to support its female employees.
Joe Grogan appointed executive chairman of Marsh Ireland
Joe Grogan is to become executive chairman of Marsh Ireland, while JLT’s Patrick Howett will become CEO.
This week: The end of the hard sell
When the regulator fined Carphone Warehouse £29m this week, the real target was the use of high pressure sales techniques in insurance.
Simon Matson says ‘complicated fat Arab’ slur regrettable but not discriminatory: Gallagher v Ardonagh
Gallagher UK CEO Simon Matson yesterday gave evidence in the dispute between Gallagher and Ardonagh and others, in which Gallagher alleges its staff were unlawfully poached.
Court hears defendants' opening statements in Gallagher vs Ardonagh trial
The legal dispute between Gallagher and Ardonagh continued today, with lawyers for the defendants concluding their opening statements.
Government promises review into 'fairness' of IPT
The government will launch an operational review into Insurance Premium Tax in the coming months.
Amanda Blanc reveals Brexit fears over upcoming Solvency II review
Amanda Blanc said insurers should not accept a Brexit outcome that prevents the UK industry from having influence over a critical European Union Solvency II review.
Charles Taylor sees losses of £3.3m despite underlying growth
Charles Taylor saw a statutory pre-tax loss of £3.3m last year even as the group saw a strong underlying performance.
Child abuse survivors decry tactics of 'velociraptor' insurance lawyers
Non-recent child abuse survivors say they have faced ‘absolutely malevolent’ litigation strategies from insurer lawyers when attempting to put in claims.
Insurtech board creates legal roadmap for start-ups
A fintech trade body has launched a roadmap to aid new insurtech market entrants.
Carphone Warehouse fined £29m for mobile insurance mis-selling
Carphone Warehouse has been fined £29m by the Financial Conduct Authority for mis-selling mobile phone insurance.
David Ross attends court as Gallagher v Ardonagh trial commences
Court hears lawyers from both sides outline their arguments on first day of the 12-day long trial.
Expletive-laden broker spat court documents exposed
Nawaf Hasan, formerly an Alesco team member, was described by former Alesco CEO Simon Matson as a “complicated fat arab” following his resignation from the firm according to a court filing outlining his side of the case.