News
Markerstudy injects capital to fix £109m solvency deficit
Markerstudy was forced to inject fresh cash into the business after falling short of its solvency requirement by £109m.
Analysis: The truth behind the broken system of dual pricing
The industry has faced sustained attacks in recent months for its ‘shameful’ practice of raising rates for loyal customers, with one newspaper calling for the government to ‘punish the insurance pirates’.
SSP launches broking platform
Broking software provider SSP has launched a replacement product for its Pure platform.
AA left embarassed by self-inflicted DDoS attack
Motor insurer AA crashed its own servers after mistakenly sending a 'password update' email to customers.
This Week in Post: Outdated and out of there
I was recently lamenting shortage of space in my toy-cluttered flat and a (childless) colleague mentioned the baby cages Victorian households used to hang out of their windows. “There were mercifully few deaths,” he joked, as I gazed at an online image…
Aston Scott to merge with Lark Group
Aston Scott and Lark Group have reached an agreement to merge, subject to regulatory approval.
Former Paymentshield CEO Steve Wood joins NHBC as CEO
Former Paymentshield CEO Steve Wood has been appointed CEO of NHBC.
R&Q sells Norwegian Triton to Gabler
R&Q has sold its Norwegian service company R&Q Triton AS to Gabler AS.
Apple to help businesses get discounts on cyber policies
Apple is working with tech company Cisco Systems in order to help businesses to get discounts on their cyber security insurance policies, Reuters has reported.
Lloyd's broker Servca expands Canadian footprint
Specialist Lloyd’s broker Servca has expanded footprint into Canada, providing regional Canadian brokers with direct access to Lloyd’s of London.
Acturis acquires German software company Lutronik
Acturis Group has acquired broker software company Lutronik based in Wesel, Germany.
Report: Zhong An files for IPO in Hong Kong
Chinese internet only insurer Zhong An has filed for an IPO in Hong Kong according to reports.
Fitch revises Lloyd's outlook to negative
Fitch Ratings has downgraded Lloyd's of London's outlook to negative from ‘stable’ issuing a stark warning over the markets due deteriorating underwriting performance and increased exposure to catastrophe risk.
Broker influx sees Acturis's revenue jump 20%
Acturis has said that winning broker clients from rival software houses accounted for a 20% spike in revenue over 2016.
Dive In to delve into the 'Diversity Dividend'
The 'Diversity Dividend' is the theme of the third edition of the Dive In festival taking place in September.
AIG plans acquisitions under incoming CEO
AIG is planning to slow the pace of share buybacks and instead spend on acquisitions, CEO Brian Duperreault has said.
Aquila sells Vectura Underwriting stake to Nexus Group
Aquila Underwriting has sold its interest in Vectura Underwriting to the Nexus Group.
Ed appoints James Blacker as P&C managing director
Global reinsurance, wholesale and specialty broker Ed has appointed James Blacker as managing director of property and casualty.
Exin buys 75% stake in Ethniki as it looks to drive 'renaissance for the industry'
Exin Financial Services has purchased a 75% stake in insurer Ethniki Hellenic General Insurance from National Bank of Greece for €718m (£631.8m).
Darag names Stuart Davies chairman
European run-off insurance company Darag has named Stuart Davies as chairman of the group.
European broker merges with tech firm to create Digital Insurance Group
European digital insurance broker Knip has merged with technology solutions provider Komparu to create Digital Insurance Group.
Direct Group mulls ‘acquisition opportunities’ following takeover by Towergate backer
Newly-renamed Direct Group will “consider acquisition opportunities” following its own takeover by Towergate-backer KIRS Group.
Insurers fear revenue is at risk to disruptors entering the market
Insurers are worried that their revenue is at risk from insurtech, with over one in eight insurers fearing that they could lose revenue to disruptors entering the market.
Allianz's global commercial arm opens Seoul office
Allianz Global Corporate and Specialty, the international business division of the Munich-headquartered insurer, has opened an office in Seoul.