News
Cuvva aims to bypass PCWs and brokers as it raises £15m
UK-based insurtech startup Cuvva has raised £15m in series A funding round as it prepares to launch a pay-monthly product at the beginning of next year and disrupt the existing insurance status quo
Finch and ICB set to merge under Verlingue brand
Finch and ICB Group will merge and rebrand under the name of their French parent company, Verlingue.
Cobra’s Alto posts pre-sale loss as costs bite
Alto Insurance, the holding company for Cobra, has reported a pre-tax loss of £2.1m for the final year ahead of its sale to PIB.
A-Plan paid £16.5m for Endsleigh
Broker A-Plan paid Zurich £16.48m for Endsleigh when it completed the deal to buy the specialist broker in March last year.
A-Plan breaks £100m revenue barrier and set to open 100th office
A-Plan will be opening its 100th office within the next two months, CEO Carl Shuker told Post.
This week in Post: hanging by a thread
This week, Transport for London has revoked Uber’s licence to operate in London, causing fear among the capital residents who often rely on the app-based service to get them home safely after a night on the town.
First Central looks to raise external investment to fund “ambitious plans for the future”
First Central Group is seeking external investment which will see its founders reduce their stake in the Guernsey headquartered insurance group, Post can reveal.
Markerstudy restructures loan with QIC
Markerstudy has restructured its £240m plus loan with Qatar Insurance Company in a move the company said was a long-term solution “providing security to customers and suppliers”.
The Insurance Disability, Ability & Wellbeing Network sets out scope ahead of launch
The Insurance Disability, Ability & Wellbeing Network will be officially launched next week to mark International Day of People With Disabilities.
Driving Out Distraction Pledge – Why is IAM Road Smart supporting this campaign?
Neil Greig, director of policy and research at IAM Road Smart, explains why multi-tasking at the wheel is a myth and urges employers to keep their staff safe on the road.
Creditors approve liquidation process for ex-Iprism holding company
The creditors of Spectrum Bidco, a former holding company of Iprism Underwriting Agency, have approved its administrator’s proposals which will lead to the liquidation of the company.
Fitch negative on UK home and motor insurance markets for 2020
Fitch has declared a negative outlook for insurers in the UK home and motor markets in 2020 citing high claims inflation and a weak pricing environment.
Floods and dual pricing warnings push up home premiums: Consumer Intelligence
Average home insurance premiums have climbed at a rate higher than inflation over the past six months, Consumer Intelligence research has found.
Ex-Quindell shareholders gear up to take Watchstone to court
Watchstone has been served a letter before action by law firm Harcus Parker, on behalf of shareholders who suffered a loss when the company (then Quindell) was forced to revise its 2013 accounts.
Insurer claims bosses testify before child abuse inquiry
Insurers remain uncertain over how any change to limitation law surrounding child sexual abuse cases could affect claims levels, an inquiry heard.
Gallagher set to buy up Capsicum Re
Gallagher is poised to snap up the remaining 80% of Capsicum Reinsurance Brokers, having signed heads of terms with the business.
Ex-Aviva director Russell launches 'Fit Bit for business' insurtech Brisk
An insurtech fronted by a former Aviva director is in negotiation with a trio of major insurers about adopting its solution, which co-founder and CEO James Russell describes as “Fit Bit for business”.
MS Amlin CEO Simon Beale steps down as insurer restructures
MS Amlin CEO Simon Beale is stepping down as parent company MS&AD restructures the insurer as part of an international reorganisation.
Flood damage payouts from Yorkshire and the Midlands set to top £100m
Insurance payouts to people affected by recent floods in Yorkshire and the Midlands are expected to reach £110m, the Association of British Insurers has estimated.
Changes to limitation law must be carefully considered, child abuse inquiry hears
Defendant and claimant lawyers testifying in front of the Independent Inquiry into Child Sexual Abuse yesterday agreed that the current system is not working for victims and survivors, but warned clarity is needed on the consequences of altering…
Driving out Distraction: Public would rather work for and deal with companies that ban distracted drivers
Of the two-thirds (69%) of UK adults who make hands free calls while driving, many of them (40%) continue to do it despite admitting it negatively impacts their driving ability, research from Consumer Intelligence, in support of Post’s Driving Out…
HW Kaufman buys Barbican Protect as it continues UK expansion
US-based HW Kaufman Group has acquired Barbican Protect as part of its continued expansion into the UK market.
SRG poised to make further acquisitions after snapping up specialist broker
Specialist Risk Group has a "well thought out target list" of firms and will continue to seek acquisitive growth after buying jewellers' block specialist broker David Codling and Associates, its chief financial officer Charlie Love told Post.
Pet insurance fraud 'unlikely' to be the next cash for crash scam
While there is “no doubt” that pet insurance fraud goes on there are hurdles which mean it is probably not going to be the source of a cash for crash style insurance swindle, according to Robin Hargreaves, past president of the British Veterinary…