News
Insurers must work with the repairer sector to keep it from 'dying on its feet'
Motor insurers, manufacturers and repairers must tackle their “dysfunctional relationship” and work together if the sector is to remain relevant with increased technology being added to vehicles.
Insurers need to raise awareness on keyless car thefts
Insurers and manufactures have to educate customers on the risks of keyless car thefts, a conference heard.
Zurich UK CEO: Ban hands free phone use in vehicles
Strict laws to prevent drivers using mobile phones – even hands free – would have the biggest impact on vehicle collision numbers, the Zurich UK CEO told Post's Motor Insurance World event last week.
Insurers could face fines under plans to tackle dual pricing 'rip-off'
The Competition and Markets Authority could be given the power to impose fines on companies in breach of consumer law without going to court, under government proposals announced today.
Zego raises $42m in latest funding round
Zego has raised $42m (£33.52m) in a series B funding round led by Target Global, to fund its European expansion.
Fidelis investor takes majority stake in April
Private equity investor Andromeda has gained regulatory approval to take a majority stake in French health insurer April, which saw its UK arm pull out from the private medical market last year.
Axa XL appoints Christopher Read as COO
Christopher Read has been appointed as Axa XL’s UK chief operating officer, joining from EY, where he was an associate partner.
Insurtech Trov to close its UK app
Exclusive: Trov will no longer provide its on demand gadget and single item insurance to UK customers, as of 1 October 2019.
Insurers respond to flood claims from Lincolnshire
Insurers have begun responding to claims following the flooding in Lincolnshire.
Industry pays tribute to former Lloyd’s executive Mike Wilson
Mike Wilson, the former head of Lloyd’s Policy Signing Office in Kent has died.
Three directors out as Policy Expert buys loss-making Sure Thing
Policy Expert has bought motor insurance business Sure Thing for an undisclosed sum.
GRP broker acquires Thomas Cook
GRP-owned broker Sagars has bought Lancashire-based engineering and entertainment broker Thomas Cook & Son.
Elite shoots for solvent scheme to avoid liquidation
Elite Insurance has proposed a solvent scheme of arrangement, in order to avoid a liquidator being appointed.
Honcho secures investment from Maven
Maven Capital Partners has invested £750,000 in a disruptive car insurance platform Honcho, to support the business in launching the product nationally.
Fee caps for CMCs could lead to 'clear consumer detriment'
The Association of Consumer Support Organisations has urged the Financial Conduct Authority to consider how the market adapts to regulatory change before considering fee caps on claims management companies.
Ecclesiastical appoints Denise Cockrem as group chief financial officer
Eccslesiastical has appointed Denise Cockrem as group chief financial officer.
Ex-Quindell boss Rob Terry to sue Watchstone for £14.7m
Former Quindell boss Rob Terry is suing Watchstone for £14.7m over an “oral indemnity” that stopped him from selling shares in the business.
Lawyers slam government for 'cutting corners' on whiplash portal
The Motor Accident Solicitors Society has raised concerns over the development process of the new Litigant in Person Portal.
Axa UK promotes Laurent Matras to retail boss
Axa UK has promoted Laurent Matras to the role of executive managing director of retail.
IFB counter fraud platform goes live
A counter fraud intelligence sharing platform, developed by the Insurance Fraud Bureau to help the industry fight the £2bn annual fraud bill, has gone live.
Guy Carpenter suspends senior boss following harassment claims
Exclusive: A senior boss at Marsh sister company Guy Carpenter has been suspended over “rude and offensive” comments about a female member of staff.
Broker Network parent gears up for new round of acquisitions
Broker Network’s parent Bravo Group is set to agree an £80m loan facility with a major global bank that will spur its next round of acquisitions, beginning in the second half of 2019.
Insurtech UK gets government backing
The government has agreed to promote the country's emerging insurtech scene as part of its overseas trade arrangements.
Mike Holliday-Williams departs Direct Line amid restructure
Mike Holliday-Williams, managing director of personal lines at Direct Line, will step down from his role amid a wider management restructure.