News
Davies Group acquires Keoghs
Exclusive: Davies Group has acquired law firm Keoghs.
Admiral’s online portal drives 'dramatic decrease' in contact centre use
Customers are logging into Admiral's online portal on a regular basis, leading to cost savings and a drop in contact centre use, a conference heard.
Hyperion confirms £300m war chest with 20 deals in pipeline
Hyperion has £300m to spend and around 20 deals in its mergers and acquisitions pipeline, group chief financial officer Mark Craig told Post as the group announced its 2019 results.
Institute and Faculty of Actuaries appeals £38,000 ‘direct discrimination’ payout
The Institute and Faculty of Actuaries is appealing against an employment tribunal ruling that ordered it to payout nearly £38,000 to a Zurich employee, Post has learned.
Car insurance premiums jump 5% in 2019: Confused and WTW
Comprehensive car insurance premiums in the UK increased by 4% in the final quarter of 2019, taking the annual uplift to 5%, according to the latest Confused Car Insurance Price Index in association with Willis Towers Watson.
This week: It's all about change
Moving home has to be one of the most annoying and tedious things we have to do. From organising your flat viewings to packing up all your belongings. And honestly who really likes change? It’s much easier to just stay in the place you've grown…
Retreat from coal wins insurers praise from NGOs
Commitments to disengage from coal-producing and coal-dependent power companies have won insurers plaudits from activist organisations, according to consultancy Sigwatch.
Financial services survey finds insurance optimism surging
Optimism among insurance providers has soared to its highest level in years, according to the latest CBI/PwC Financial Services Survey, with brokers also increasingly upbeat.
Hastings sees claims costs jump in Q4
Rising claims costs in quarter four are expected to put a slight dent in Hastings’ 2019 dividend payout.
Pukka hits pause on business
Exclusive: Motor managing general agent Pukka has temporarily suspended trading, having reached its capacity limit with providers.
Ecclesiastical group compliance director to retire
John Titchener, group compliance director for Ecclesiastical, will retire later this year.
Risk managers must make sustainability transition: Zurich group CRO Giger
Risk managers have never been busier, Zurich’s group chief risk officer Peter Giger said, as he urged businesses to address environmental risks sooner rather than later.
FSCS reveals £12.4m cost of Qudos and Lamp failures
The Financial Services Compensation Scheme has forecast that the failures of Qudos Insurance in December 2018 and Lamp Insurance in May last year will cost £12.4m this financial year.
FSCS set to cut levy for insurers as broker bill rises in 2020/21
The Financial Services Compensation Scheme has proposed a levy on general insurance providers of £118m for 2020/21, down £47m on the budget for the current year.
German insurtech Getsafe launches in UK with Hiscox partnership
Heidelberg-headquartered Getsafe has launched a digital contents insurance product in the UK.
Australian regulator warns of insurance scammers in wake of fires
Australians whose property has been damaged by the ongoing bushfires should beware of “fictitious or unscrupulous tradespeople, repairers or firms offering to assist them with their insurance claim”, the Australian Securities and Investments Commission…
Allianz business transfers resulted in 180 LV redundancies
180 LV staff faced redundancy as a result of the Allianz commercial business transfers, with around nine in ten (90%) having found roles elsewhere.
Environmental risks dominate World Economic Forum's global risk outlook
Environmental and climate-related risks have topped the World Economic Forum’s rankings of long-term global risks ahead of the organisation’s annual meeting of political and business elites in Davos next week.
RSA e-trading director exits amid strategy changes and departures
Exclusive: Departures and changes for RSA's e-trade division after former e-trading director Paul Trivett leaves the business.
Gefion barred from expanding scope until ‘serious liquidity problems’ sorted
Danish unrated insurer Gefion cannot enter new lines of business or branch out into further territories until it can meet its solvency capital requirement, the regulator has ordered.
Go Compare urges 28 day cooling off period for auto-renewals
Go Compare has called for a doubling of the cooling off period for auto-renewals from 14 to 28 days during which time insurers should take “all reasonable steps” to make customers aware their insurance has been auto-renewed.
Jon Hancock set to leave Lloyd's this year
Lloyd’s performance management director Jon Hancock will leave One Lime Street this year, it has been announced.
Address cyber and climate risks or face 'critical impact', warns AGCS CEO
Companies face “a critical impact” if they fail to address cyber and climate risks, the CEO of Allianz Global Corporate and Specialty has warned.
Somerset Bridge sells Business Choice Direct
Arron Banks-backed Somerset Bridge Insurance Services has sold its commercial insurance subsidiary Business Choice Direct Insurance Services to Somerset-headquartered Lloyd & Whyte Group for an undisclosed sum.