News
Week in Post: Mayhem, Brexit and PR
It has been a year of political surprises, starting with Brexit, to Trump’s election and finally to today’s hung parliament.
Insurance Marketing and PR Awards 2017: Winners
Co-op Insurance picked up two awards for digital marketing and social media influence at the Insurance Marketing and PR Awards today.
ABI calls for industry to 'rigorously frame' policy positions following election result
The Association of British Insurers has urged the industry to ensure its policy positions are “rigorously framed” around the needs of retail and business customers following the election result.
Tysers sees revenue grow over 2016
Tysers saw its revenue increase 12.8% in 2016 to £52.8m from £46.8m in the previous year.
Helios acquires Nottus for £964,500
Helios has acquired Lloyd’s limited liability member, Nottus, as part of its strategy to increase underwriting capacity.
General Election 2017: The industry reacts
The industry's reaction to the election result
Hung parliament spells fresh uncertainty for insurance industry, experts say
The result of yesterday’s general election is likely to cause fresh uncertainty for the insurance sector, industry leaders have said.
Steadfast acquires a stake in global network Unison
Australian broking group Steadfast has agreed to acquire a non-controlling stake (less than 50%) for an undisclosed amount in the third largest global network group Unison Brokers.
SRA investigating 15 solicitor firms over holiday sickness claims
The Solicitors Regulation Authority is investigating 15 reports of misconduct against solicitor firms involved in holiday sickness claims.
Swiss Re GI unit opens Manchester office to target regional business
Swiss Re's general insurance unit, Corporate Solutions, has opened an office in Manchester to grow its regional commercial business.
Claims team consolidation puts 70 Allianz jobs at risk
Around 70 Allianz staff could lose their jobs as the insurer moves to consolidate its property claims teams.
Ogden rate cut adds up to £1.72bn bill for insurers
Insurers have so far been hit with £1.72bn bill from the Ogden rate cut, with the full impact still to come.
Insurers slammed over poor online communication
More than two thirds of insurers do not answer questions from customers asked through email or social media, according to a survey.
Hiscox CEO opens exhibition celebrating immigration in Britain
A new exhibition telling the stories of the children of a generation of immigrants opened at the Hiscox Art Café last night.
Towergate broking giant prices £800m bond offering
The broking giant formed from the merger of Towergate and other firms has confirmed the interest rates for its £800m bond offering, announced last month.
Wyatt returns to Clyde & Co in Australia
International insurance law firm Clyde & Co has recruited a partner from Australian firm Sparke Helmore who used to work for them.
Thailand considers compulsory travel insurance
Thailand's government is considering introducing compulsory travel insurance for all tourists following a series of serious incidents.
BP Marsh poised to make further investments in 2017
Venture capital group BP Marsh is looking to make investments of around £5m into six different firms throughout 2017.
Ed names Wicks as non-marine reinsurance chair
Reinsurance, wholesale and specialty broker, Ed has appointed Ian Wicks as chairman of non-marine reinsurance.
CNA Hardy to set up post-Brexit hub in Luxembourg
CNA Hardy will establish a new office in Luxembourg in preparation for Brexit, with the process set to be completed in early 2019.
Calamp introduces automated accident response service to improve claims handling
Telematics software provider, Calamp, has developed a vehicle risk management service to provide insurers with automated accident reconstruction and predictive vehicle damage assessment.
Perils revises loss estimate for cyclone Zeus to €269m
Perils has revised its loss estimate for cyclone Zeus to €269m (£234.3m).
BP Marsh saw 12% hike in profits in 2016
BP Marsh saw a 12% hike in profits in 2016, up to £9.8m from £8.7m in the previous year.
QBE opts for Brussels EU base
Australian global insurer QBE has decided to move its EU headquarters from London to Brussels.