News
Crime stats reveal 20% fall in insurance fraud
Exclusive: The Insurance Fraud Bureau has issued a cautious welcome to a 20% fall in insurance fraud cases last year.
Allianz launches on-demand drone insurance with start-up Flock
Allianz has partnered with start-up Flock to launch app-based on-demand drone insurance for commercial and recreational users.
Lancashire profit up at $67m in H1
Property and casualty insurer Lancashire reported an 18% rise in first-half pre-tax profit thanks to a benign loss period.
JLT's profits jump 80% as business grows across all territories
JLT saw total revenue growth of 11% in H1 2017, up to £689.9m from £619.4m for the same period last year.
Australian broker Honan creates technology division
Melbourne-headquartered broker Honan Insurance has created a technology division to enhance its client capabilities.
Markel improves COR in Q2 and buys US fronting insurer
US headquartered global insurer Markel has beaten Q2 market expectations and bought a Texas-based insurer for $919m.
FCA head of insurance policy promoted to head of Scottish department
The Financial Conduct Authority’s head of insurance and pensions policy has been promoted to head of department, Scotland.
EU Commission opens consultation on Vnuk
The European Commission has opened a four-week consultation on the scope of the Motor Insurance Directive in relation to the Vnuk ruling.
FCA outlines proposals to extend senior managers regime to insurers
The Financial Conduct Authority has today published proposals to extend the senior managers and certification regime to insurers, essentially replacing the approved persons regime.
Insurance Post to host Claims Conference Sydney
The inaugural Claims Conference Sydney will take place on 29 August at the Radisson Blu Plaza.
Suncorp's Tower bid rejected by Commerce Commission
The Commerce Commission in New Zealand has rejected Brisbane-headquartered Suncorp's bid to buy New Zealand insurer Tower outright.
Aetna buys Bupa Thailand
US-headquartered global health insurer Aetna has purchased UK health provider Bupa's Thailand operations.
Axa partners with Uber to provide employee cover
Uber and Axa have signed a partnership that will see France-based independent Uber employees receiving insurance cover for free.
Allianz wins naming rights to Minnesota United stadium
Allianz Life Insurance Company of North America has signed a multi-year naming rights agreement with Minnesota United FC which will see the team’s stadium named “Allianz Field”.
Biba launches claims app for brokers
The British Insurance Brokers’ Association has launched a claims smartphone app facility for brokers with Insure Apps.
Syndicate DTW 1991 names two new underwriters
Randall and Quilters Lloyd’s Syndicate DTW 1991 has appointed two underwriters to its UK and international underwriting team.
Allianz appoints John Berry as director of underwriting and technical for personal lines
Allianz has appointed John Berry as director of underwriting and technical, personal lines.
IAG hires chief digital officer from News Corp
Australian giant IAG has hired Mark Drasutis, News Corp Australia's chief product officer for digital.
Hong Kong broker sees IPO plan halted
The Hong Kong Stock Exchange has halted, at least temporarily, the attempted listing of a Hong Kong corporate insurance broker.
Money Supermarket slapped with £80,000 fine for deluge of spam emails
Price comparison website Money Supermarket has been fined £80,000 by the Information Commissioner’s Office for sending millions of emails to customers who didn’t want them.
Personal injury CMCs made £2.8bn over the last decade
Personal injury claims management companies earned £2.8bn over the last 10 years, a government report has revealed.
Aviva names five start-ups for fintech incubation programme
Aviva and Founders Factory have revealed the first five start-ups selected for its fintech programme.
Howden acquires Sterling Knight in Singapore
Howden, the retail broking arm of Hyperion Insurance Group, has bought SME specialist broker Sterling Knight in Singapore for an undisclosed sum.
Public divided on driverless cars, study reveals
Over a third of the public are sceptical of driverless cars, with only four in 10 ready to embrace the technology.