News
Home & Legacy appoints operations manager
Allianz subsidiary Home & Legacy has appointed Gemma Nunn as operations manager.
Government launches review into 'fairness' of IPT
HM Revenue & Customs has published a call for evidence on the operation of Insurance Premium Tax to ensure it continues to operate “fairly and efficiently”.
Anglia Ruskin’s insurer ‘acted negligently’ in settling false advertising claim
Anglia Ruskin University has slammed its insurer over a payout to a former student.
Harris Balcombe appoints former Crawford boss
Harris Balcombe has appointed former Crawford head of fraud, Neil Daniel, to lead its newly launched fraud division.
Airmic CEO Ludlow calls for greater transparency around insurer risk appetites
Insurers must more clearly communicate changes in risk appetite to insurance and risk managers, the CEO of the Association of Insurance and Risk Managers in Industry and Commerce John Ludlow has said.
Applied Systems names incoming CEO
Reid French has been replaced as CEO of Applied Systems by Taylor Rhodes.
Post reporter Jen Frost named UK's top young finance journalist
Post senior reporter Jen Frost has been named as the UK’s top finance journalist under the age of 30.
Tasker completes second acquisition of the year
Tasker Insurance Group has completed second acquisition of the year with the purchase of Hobbs Associates.
CBL creditors owed in excess of £90m
Creditors of CBL Corporation, the parent company of CBL Insurance, are expected to be owed in excess of £90m.
Lamp enters liquidation following court hearing
Insolvent unrated insurer Lamp has been placed into liquidation following a court hearing today.
Allianz to integrate L&G into LV
Allianz will transfer Legal & General’s general insurance business to LV once it completes its takeover at the end of the year.
This week in Post: Big fish, little fish, cardboard box?
It might be the name, but this week I’ve spotted some similarities between Gibraltarian unrated insurer-facing-liquidation Lamp Insurance and an angler fish, sparking some strange and slippery debate in the office.
Allianz buys L&G general insurance business for £242m
Allianz has agreed to buy Legal & General’s general insurance business for a base price of £242m plus potential further payments over three years.
LV GI valued at £1bn following Allianz takeover deal
Allianz has bought the remaining 30.1% stake in LV General Insurance for £365m.
MGA looks to relocate 13,500 customers following Lamp collapse
Exclusive: Now 4 Cover is looking to relocate policies of 13,500 of its customers, following Lamp’s descent into insolvency.
Home insurance premiums drop despite higher claims
Average home insurance premiums have dropped 1.2% in the past year to £134, despite a rise in subsidence claims, according to the latest report.
Inshur partners with Uber for driver policies
Inshur, mobile-first provider of commercial motor insurance for private hire drivers, has partnered with Uber to reward drivers for safe driving.
FSCS to pay out £6.9m to taxi drivers insured by collapsed Alpha
The Financial Services Compensation Scheme is the process of paying out £6.9m in premium refunds to 9000 taxi drivers that were covered by collapsed unrated Danish insurer Alpha.
Zurich appoints UK commercial lines head
Zurich has appointed Robert Kuchinski as its UK head of commercial insurance.
Motor claims rise calls into doubt impact of whiplash reform
The number of motor claims has risen by 10,000, which lawyers say is a sign there has been little impact from whiplash reforms.
Esure's Peter Wood leads £2.5m funding round for sharing economy insurtech
Esure and Direct Line founder Sir Peter Wood has led a £2.5m seed funding round for sharing economy insurtech Pikl.
Insurers issue warning as keyless motor theft soars
The number of motor theft claims paid out by insurers in Q1 of this year was the highest since 2012, leading insurers to call for action from motor manufacturers.
Law firms fear closures and redundancies from Civil Liability Act
More than a third of law firms have already shed staff in the run up to the implementation of the Civil Liability Act, and the majority believe the reforms could decimate the personal injury sector.
PRA insurance boss takes role at FRC
The Prudential Regulatory Authority has appointed Anna Sweeney as interim director for insurance supervision.