News
Acord, Aon and Beazley team up on first data breach standard
Acord, the global standards-setting body for the insurance industry, has published the sectors first standard for a cyber data breach.
Amanda Blanc calls out lack of diversity on Biba advisory board
Exclusive: Former Axa UK CEO Amanda Blanc, who is currently on gardening leave, has hit out after the British Insurance Brokers Association tweeted a photo of an all-white, all-male Large Brokers’ Advisory Board.
This month in Post: Prizes, proposals and pledges
This month began with a bang as the annual British Insurance Awards highlighted the talent in the sector in 1950s style, with industry stalwart John O’Roarke being handed the Achievement Award.
PIB nets second acquisition of the week
Consolidator PIB has bought broker Wheatley Wright, its second acquisition to be announced in three days.
Whiplash reforms encounter further delays
The second reading of the Civil Liability Bill may be pushed back to September, once parliament has held its summer recess.
Norwegian insurtech start-up plots London base and funding round
Norwegian insurtech start-up Cloud Insurance is looking to establish an office in London in 2019 as it prepares for a funding round to help it grow the business.
British Insurance Awards 2018: Full list of winners, their stories and photos
Former Churchill and LV general insurance boss John O’Roarke took home the Achievement prize last night at the British Insurance Awards, where his new employer Aviva was among the big winners.
Start up claims Aviva ‘ripped off’ its Dashcam app idea
Aviva has been accused by dashcam app and accident management platform Jolt, who have claimed that the insurer stole its app idea.
UK entity of offshore Arron Banks firm applies to be struck off
Exclusive: A UK entity connected to an offshore Arron Banks holding firm has applied to be struck off the register of companies.
FCA proposes new directory of financial services workers
The Financial Conduct Authority is consulting on proposals to introduce a new directory - a public register for checking the details of key individuals working in financial services.
More Than telematics product fails to impress
Exclusive: RSA brand More Than’s ‘Smart Wheels’ telematics product has received just a 58% satisfaction rating on a financial services product review site, amid a growing consumer backlash against telematics.
Insurance M&A transactions totaled £4.5bn during first half of 2018
The UK’s financial industry completed 83 M&A deals during the first half of this year, with insurance M&A totaling at £4.5bn.
Robots will control claims future: PWC
Future insurance claims will be settled with little to no human involvement and insurers will have to adapt to the impact of technology if they are to survive, a report from PWC has found.
Dual targets global growth with management shake-up
Dual Underwriting has announced a raft of senior changes and ambitions to gun for global growth.
Fifty firms band together on new inclusivity pledge
Lloyd’s and Zurich have founded the Inclusive Behaviours Pledge, which has been signed by 50 firms so far.
PIB snaps up second specialist childcare broker
PIB has continued on its trail of acquisitive growth, snapping up another childcare insurance broker.
Insurers increase cyber security spend
Insurance firms invested 85% more in cyber security during 2017-18 than during the previous financial year.
ABI calls for tougher building regulations in wake of Grenfell tragedy
The Association of British Insurers has reiterated its call on a ban of flammable cladding on high rise buildings and called on building regulators and legislators to learn from the past and mandate sprinkler systems in new build tower blocks.
Bought by Many gains £15m in series B funding
Bought by Many has closed a £15m series B funding round led by Commerz Ventures and Marsh, alongside existing investors.
Zurich gets HNW boost with completion of Oak purchase
Zurich has completed its acquisition of Oak Underwriting from RSA.
Cullum firm snaps up commercial business
Peter Cullum-owned Trimulgherry Investments has purchased Hurst Group’s commercial business and will be creating a new broker.
Neon launches Copenhagen-based marine business
Neon has launched Orca Insurance Agency, a Lloyd’s approved coverholder which will underwrite Nordic marine business on behalf of Neon Syndicate 2468.
Post editor Stephanie Denton wins overall Biba journalist of year award
Post editor Stephanie Denton won overall journalist of the year award, in a year which saw the publication pick up 10 nominations.
Questgates subsumes TS Adjusting in property restructure
Exclusive: Questgates will incorporate Northampton-based TS Adjusting under its existing brand, as part of a restructure of its third party property damage services.