News
London remains key market for energy buyers
London is still the number one market for many energy buyers with the concentration and experience of the market leading to a more efficient buying process, a risk expert told the London Power Forum this month.
Quiz of the week - 13 November 2015
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Stewart to step down as chairman at L&G
Legal & General chairman John Stewart will retire in 2016, with no firm date set yet as the company looks for a successor.
Late bid by CSC in Xchanging takeover
Procurement and technology provider Xchanging has seen another takeover bid, this time from US-based technology company CSC.
IAG drops Australia from logo
IAG has decided to drop Insurance Australia Group from its logo and will now use lower case letters for its overall brand.
Consumer group calls for fines for unsimplified policy documents
A third of insurance policies are written at a university-equivalent reading level, making them inaccessible to large portions of the population, according to research by consumer group Fairer Finance.
FCA paves way for insurers to take advantage of cloud services
The Financial Conduct Authority says there is no "fundamental reason" why cloud computing cannot be used by financial services companies in a manner that complies with its rules.
Transactor joins MGAA as supplier member
Software provider Transactor has become a supplier member of the Managing General Agents' Association.
First 4 Lawyers fears 'unintended consequences' of CMC regulation
The Ministry of Justice must focus on claims management companies in the financial products market in its review of CMC regulation and not impinge on the wider claims management sector, according to First 4 Lawyers.
SME cyber product launched by HSB to target gap in market
A cyber insurance product targeted for small to medium-sized businesses was launched by HSB Engineering Insurance today (12 November).
Innovation Broking attracts £2m VC investment
Venture capital investor Albion Ventures is to invest £2m in commercial broker Innovation Broking.
Quinn Insurance managers subject to regulatory inquiry
The Central Bank of Ireland is to conduct an inquiry into former managers of Quinn Insurance who it has "reasonable grounds" to suspect were involved in breaches of insurance regulations.
Talk Talk reveals cyber attack cost but stays on track for financial targets
Talk Talk is aiming to hit its fiscal targets for 2016, set before last month’s cyber attack on the telecoms company.
Rutter to fight rising court fees after becoming twentieth Foil president
DAC Beachcroft partner Duncan Rutter has vowed to maintain access to justice and improve the claims process after today (12 November) becoming the twentieth president of the Forum of Insurance Lawyers.
Beazley chalks up 6% premium growth in opening nine months
Beazley CEO Andrew Horton has heralded his firm’s strategy of targeting attractive opportunities in a highly competitive market after delivering premium growth of 6% to $1.64bn (£1.08bn) in the first nine months of 2015.
GB Underwriting snaps up UK property book from Kay International
GB Underwriting has acquired Kay International’s portfolio of UK property business in a deal that is billed as a “significant enhancement” to the independent managing general underwriter’s properties insurance capabilities.
Flood Re one step closer with regulations signed
Flood coverage for high risk properties is one step closer today (11 November) with regulations for Flood Re coming into force.
LMA starts new committee to focus on CROs
The Lloyd’s Market Association has set up a new committee of chief risk officers to examine best practice and promote high technical standards among CROs.
Bexhill launches broker-funded direct finance model
Premium finance provider Bexhill has launched the market's first broker-funded direct premium finance facility.
Long road to digital success for insurers, Accenture survey finds
Improving customers’ experience is a top priority for insurers but most are failing to stand out from the crowd online, according to a survey of industry leaders.
DAS Law confirms Christacos as permanent MD
Acting head of DAS Law James Christacos has been confirmed as permanent managing director of the business.
Tasker hires Herdman as NED
Tasker Insurance Group has appointed former Oval group managing director Jeff Herdman as non-executive chairman.
Motorsports specialist Ellis Clowes acquired by Integro
Lloyd’s sports and hostile territories specialty broker Ellis Clowes has been acquired by US-based broker Integro.
Household premium falls continue but tax rise could see reversal
Home insurance premiums are continuing to fall with the average price dropping 5.8% to £114 in the year to September, according to research from Consumer Intelligence, but a reversal could be on the cards.