News
Beazley gets green light for Dublin subsidiary
Specialist insurer Beazley has received the go ahead to convert its Dublin-based reinsurance company into an insurance company.
FSCS paid out £375m over 2016/17
The Financial Services Compensation Scheme’s compensation costs totalled £375m in 2016/17 in response to almost 37,000 claims.
Unite slams Aviva over potential plans to cut 120 jobs
A union has hit out at “simply unacceptable” plans by Aviva to close its Southend office, putting 120 jobs at risk.
More Westminster terror victims bring claims against Zurich
Exclusive: More victims injured in the Westminster terror attack have brought compensation claims against Zurich.
120 jobs at risk as Aviva plans to close Southend office
Aviva has placed 120 jobs up for review as it prepares to close its Southend office.
Renewable energy surge results in new team for Cunningham Lindsey
Cunningham Lindsey has launched a team in response to greater demand for offshore renewable wind energy in the Netherlands.
Thomas Cook wins legal battle over bogus holiday sickness claim
Thomas Cook has successfully defended against a fraudulent holiday illness claim seeking damages of up to £10,000.
Usage-based motor start-up By Miles gains FCA authorisation
Usage-based motor start-up By Miles has received Financial Conduct Authority authorisation.
Elton John and Axa invest in AI platform
Sir Elton John has invested in a cultural Artificial Intelligence platform alongside Axa Strategic Ventures, in a $6.5m (£5.05m) closing round.
Rural Insurance managing director Ian Barclay resigns
Rural Insurance managing director Ian Barclay has resigned.
Digital payment company to speed up claims payment
Digital claims payment company Optal is in talks with major UK insurers.
Insurer optimism remains flat despite increased hiring and investment
Business volumes, profits and hiring in the general insurance sector remained strong in Q2 2017 despite optimism remaining flat, a survey has revealed.
Registration opens for Dive In 2017
Registration opened today for Dive In, the festival for diversity and inclusion in insurance, which will take place in late September and focus on the ‘Diversity Dividend’.
Aviva launches health insurance to corporate clients
Aviva has launched a low cost ‘Health Essentials’ insurance to its corporate clients which will enable employers to offer top-up cancer and physiotherapy cover to their employees.
L&G to offer leak detector to home clients
Legal & General has partnered with Home Serve to offer Leak Bot to its home insurance customers.
Neon appoints Mark Gibson as reinsurance and alternative capital director
Neon has appointed Mark Gibson as reinsurance and alternative capital director, effective immediately.
Go Compare on track for 22% boost in half-year earnings
Price comparison site Go Compare has said it's on track for a 22% leap in earnings for the six-month period ending 30 June 2017.
XL Catlin names Ochsenkuehn head of global programs
XL Catlin has appointed Sonja Ochsenkuehn as head of global programs.
Government to buy insurance against disasters in developing countries
Prime Minister Theresa May has announced plans to use the expertise of the City of London’s insurance market to develop insurance markets in developing countries.
Parliament: Highways contractors 'inflating claims'
Contractors for Highways England are allegedly submitting inflated claims for highway infrastructure damage caused during motor accidents, the House of Lords has heard.
Voyager Insurance names Carl Carter as managing director
Voyager Insurance has appointed Carl Carter as managing director.
Data breaches reported by insurance companies doubles in the last year
The number of data breaches reported to the Information Commissioner’s office by financial service companies has risen by 23%.
Cunningham Lindsey appoints Stephen Foster as marine technical director
Cunningham Lindsey has appointed Stephen Foster as technical director, marine in the UK.
Elite's rating likely to be downgraded as it goes into run-off
Gibraltar-based Elite Insurance's Insurer Financial Strength rating has been scored as BBB, on Rating Watch Negative.