News
Darag names Booth as Group CEO
Legacy book acquirer Darag has named Tom Booth as Group CEO, effective 23 July 2018.
Cold calling broker fined £70,000
The Information Commissioner's Office has fined insurance broker Our Vault £70,000, after the company made 55,534 unsolicited marketing calls.
Inga Beale to leave Lloyd’s next year
Lloyd’s has confirmed Dame Inga Beale will step down her role as CEO next year.
Industry welcomes progress as whiplash laws pass through Lords
Laws to curb whiplash claims have passed through the House of Lords, the first step toward ending what the industry describes as Britain's 'compensation culture'.
AIG cyber specialists handle 'one cyber attack per day'
AIG has reported that its cyber specialist team is handling at least one cyber attack every day, and has seen as many claims notifications in 2017 as in the previous four years combined.
Flood Re to reduce premiums from beginning of 2019
Flood Re has said that it will be reducing premiums that it charges to insurers from the beginning of 2019.
UK General weighs up direct options and targets 20% of income
Exclusive: UK General is close to launching its first personal lines product on a software house and is exploring its options for direct distribution.
Rising star: Rob Pendray, Buzzvault
Having had an integral role on Buzzmove’s insurance app, product manager Rob Pendray is now setting his sights on more opportunities for innovation
Insurers falling short of expectations with digital services
Insurance companies are failing to meet their customers’ expectations when it comes to digital interactions, according to a recent report.
Heather Smith to replace Fernandes as MD of LV Direct
LV has promoted Heather Smith to managing director of its direct business following Selwyn Fernandes’ decision to leave the company after 12 years.
Chubb files UK lawsuit against Harvey Weinstein
Chubb has filed a further lawsuit against disgraced movie mogul Harvey Weinstein, arguing that it should not have to pay out for his public liability cover as his insurance policies are void.
Acturis profits grow for 17th year running
The software house reported total revenues of £62.2m for its financial year ending 30 September 2017.
Motor market back in the money with best results for over 20 years
The motor insurance market has reported its best underwriting result in over 20 years, according to EY.
Motor premiums in reverse as prices drop 5.5% in year
Car insurance premiums have dropped off 5.5% in the past 12 months.
Analysis: Is Lemonade losing its fizz?
Will Lemonade’s losses see its success go flat?
FCA preparing for range of Brexit scenarios
The Financial Conduct Authority has revealed that it is continuing to prepare for a range of post-Brexit scenarios, including a no deal scenario which would see the UK leave the EU on 29 May 2019 with no agreement or transitional arrangement in place.
Chubb appoints Matthew Hardy as president of global energy
Chubb has appointed Matthew Hardy as executive vice president of global energy for its Overseas General business.
Prime Minister urged to step in over Glasgow School of Art insurance claims
The MP for Glasgow Central has urged the Prime Minister to step in over a perceived lack of support from insurance companies for those affected by the fire that spread through Glasgow School of Art.
Thatcham Research awards Automotive Academy graduates
Thatcham Research held its annual apprentice graduation and award ceremony yesterday, which formed part of ABP’s Body Repair Industry Apprentice Awards.
Folgate guns for £60m GWP following PRA approval
Folgate Insurance has received approval from the Prudential Regulation Authority to start writing insurance and reinsurance business.
Aviva France targets an extra million policyholders by 2022
Aviva’s French subsidiary has unveiled its strategy to gain one million policyholders within four years.
GDPR: Insurers at risk of losing two thirds of previous customer data due to GDPR
Insurers will have to delete two thirds of data that they hold on customers and risk losing a vital sales pipeline under the General Data Protection Regulations that come into place on May 2018, according to research from Consumer Intelligence.
GDPR: In Depth: The GDPR time bomb
The implementation date of the General Data Protection Regulation is less than a year off but the industry’s attention is elsewhere, with issues like Brexit, the General Election and the discount rate looming large on the horizon.
GDPR: London market issue guide on GDPR
Trade bodies from across the London market have published guidance to help members navigate the impending implementation of the General Data Protection Regulation.