News
Court throws out claim that would have created 'fraudsters' charter'
A six year landmark case that would have 'driven a coach and horses' through UK law has been thrown out by the Supreme Court.
Axa UK shifts focus to commercial as it makes profit
Axa UK and Ireland saw a combined operating ratio of 98.4% for its property and casualty business, an improvement on the 99.1% in the previous year.
Ageas UK CEO Andy Watson issues caution on Brexit claims inflation impact
Any “predictable impact” from Brexit on market premiums will probably result from claims inflation, Ageas UK CEO Andy Watson has warned.
Markerstudy Gibraltar business cost Qatar Re owner £37.9m
The acquisition of Markerstudy's Gibraltar-based insurance business cost Qatar Re just £37.9m once cash assets were taken into consideration.
Ageas UK closes in on chief risk officer
Ageas UK CEO, Andy Watson revealed that “pen has been put to paper” in the insurer’s recruitment drive for a chief risk officer.
Ageas UK says long goodbye to Ogden impact as CEO Watson hails ‘strong’ motor performance
Ageas UK saw a threefold increase in profitability in its 2018 full year results, reporting a profit of £76.7m compared to £25.4m in 2017.
FCA gives wholesale broking market a clean bill of health
The Financial Conduct Authority has closed its market study of wholesale insurance brokers, saying it had “not found evidence of significant levels of harm that merit the introduction of intrusive remedies”.
Fly BMI collapse highlights insurance gap
Nearly half of travel policies do not offer cover for airline failure as standard, research found, following the collapse of budget airline Fly BMI.
FCA issues warning over clone broker
The Financial Conduct Authority has issued a warning over an unauthorised firm pretending to be Protect Your Bubble.
Former Lloyd's chairman Sir David Rowland passes away
Lloyd’s has confirmed Sir David Rowland, its chairman from 1993 to 1997, has passed away at the age of 85.
PIB acquires Irish MGA Optis
PIB has acquired Irish managing general agent, Optis Insurances, as part of its European growth plans.
GRP buys equestrian broker
GRP has acquired Hertfordshire-based equestrian broker Shearwater, for an undisclosed amount.
Cloutier steps up at Aspen as Apollo deal completes
Aspen’s chairman Glyn Jones and group CEO Chris O’Kane have stepped down, with the completion of Apollo’s acquisition of the Lloyd’s insurer.
Ageas management shakeup continues as Jonathan Price joins as CFO from Aspen
Former Aspen UK chief financial officer, Jonathan Price has been appointed CFO of Ageas UK.
Charles Taylor Adjusting opens new Belgium office
Charles Taylor Adjusting has opened a new office in Belgium as it looks to expand its property and casualty business in Europe.
Insurance staff ‘stressed’ over weight of EU regulation
Insurers have issued a warning over the increasing toll that European Union regulation is having on employees.
Webinar: Removing the shackles of heritage technology to become fit-for-purpose
The burden of legacy or heritage technologies is not a new issue for the insurance industry.
Aviva transfers 1.39m policies to post-Brexit Irish business
Exclusive: Aviva has successfully transferred 1.39 million policies to its Irish post-Brexit hub at the start of the month, after receiving a regulatory green light.
Canopius looks to acquire Amtrust Lloyd’s business
Canopius is looking to acquire Amtrust’s Lloyd’s syndicates, making it one of the top five managing agents in the market.
This week in Post: Couples and coupes
With Valentine’s Day yesterday, the Post team started the week by bracing ourselves for an inevitable slew of romance-related press releases. We weren’t disappointed.
AI insurance fraud initiatives get £13m government backing
The government will put part of a £13m fund towards using artificial intelligence to fight insurance fraud.
Allianz sets date for completion of LV business transfer
Allianz and LV will complete the transfer of personal and commercial lines between the two insurers by the end of the year.
‘Desperate people do desperate things’: Allianz issues fraud warning over Brexit
Allianz has warned over a potential rise in fraud this year should there be an economic downturn following a no-deal Brexit.
UK insurtech attracts $1bn of investment in 2018
UK insurtechs saw over $1bn (£780m) of funding in 2018, up from $792m the previous year.