News
Barbon returns to profit in 2014
Barbon Insurance Group has posted an operating profit for 2014, according to documents filed with Companies House.
Catalina completes Quinn legacy liabilities transfer
Catalina Holdings has completed the portfolio transfer of legacy insurance liabilities from Quinn Insurance.
Ex-Esure and L&G boss Peter Graham returns with Barbon role
Former Esure and Legal & General insurance boss Peter Graham is poised to return to the UK market as non-executive chairman of Barbon Group, Post can reveal.
Skuld appoints Ove Kristian Roll for Bergen role
Marine insurer Skuld has hired Ove Kristian Roll to lead its office in Bergen, Norway.
Saga completes Bennetts acquisition
Over 50s insurance specialist Saga has completed the acquisition of motorcycle insurer Bennetts for £26.26m in cash.
AA buys 49% stake in Indian roadside assistance venture
The AA has launched a five-year joint venture with Indian roadside assistance provider TVS Automobile Solutions to provide operational expertise to develop its assistance business in the country.
Hyperion looks to Towergate for CFO hire
Towergate interim chief financial officer Oliver Corbett is to succeed Eric Fady as Hyperion Insurance Group's CFO.
Analytics key for mid-market brokers following 'defensive' Willis merger
The Willis and Towers Watson merger is a defensive move to prevent the broker being targeted for acquisition, according to industry insiders, who also claim mid-market brokers must boost their analytics offerings in the wake of the deal.
LMA reissues guidance in face of Greek exit fears
The Lloyd's Market Association has reissued guidance and a model relating to the withdrawal of a country from the Eurozone as doubts about Greece's future intensify.
Travel insurance categorisation questioned in wake of Tunisia attack
UK insurers are unlikely to face significant losses from the deadly Tunisian terrorist attack, however insiders have suggested the increased targeting of tourists could cause the market to rethink how it categorises territories for the purposes of travel…
Motor fraudsters growing in sophistication, Keoghs warns
Law firm Keoghs has warned of higher levels of sophistication by fraudsters, who are becoming more aware of the detection methods used to catch them out.
Industry warned of cyber threat as big data collection speeds up
The increased collection of big data by insurers is likely to make them the targets of cyber criminals, the industry has been warned.
Generali named in MIT Technology Review of 2015's smartest companies
Generali has been listed as one of the smartest companies of the year by the Massachusetts Institute of Technology.
Cost of data-sharing a thorn in the side of telematics' mainstream potential
The mainstream adoption of telematics remains an unlikely prospect, according to market commentators, as the industry struggles to overcome the price tag older drivers place on their data.
Right Choice Insurance Broker takes stake in Digilog UK
Essex-based Right Choice Insurance Broker has bought a stake in Digilog UK, a technology firm specialising in supplying integrated voice risk analysis solutions.
Ex-Zurich corporate boss Green joins broker as director
Former Zurich corporate boss Steve Green has joined broker Anthony Jones as a director.
FCA gives Markerstudy's Chaucer purchase green light
Markerstudy's bid to acquire Chaucer's UK motor business has been approved by the Financial Conduct Authority.
FCA opens the door for product reviews in value data debate
The Financial Conduct Authority has not ruled out using consumer reviews to demonstrate the value of an insurance product, despite hinging an industry-wide value debate on utilising claims ratios as a metric.
Ruling clarifies stance on payouts for not 'appreciably worse off' NIHL claimants
A legal ruling where a claimant who had suffered noise induced hearing loss caused by her employment but was not compensated because the extent of the damage did not constitute a disability could have significant ramifications for the wider insurance…
Insurer uptake of cloud on the up despite continued legacy issues
Two fifths of insurers are still allocating more than 70% of their technology budget on non-discretionary or run spend, rather than projects that might allow them to innovate and change their businesses.
JBA Risk Management selected to model Flood Re risk
Flood modelling specialist JBA Risk Management has been commissioned by Flood Re broker Guy Carpenter to develop a probabilistic loss model for flooding in the UK.
Willis and Towers Watson join forces to create broking and analytics powerhouse
Willis Group and Towers Watson today announced their intention to combine forces in an “all stock merger of equals”.
ICA claims revised Australia insurance code is "self-regulation benchmark"
Australia's revised General Insurance Code of Practice came into full effect today (30 June) after a 12 month transition.
Peak Re's head of underwriting becomes chief risk officer
Chief underwriting officer Eckart Roth will become chief risk officer at Hong Kong-headquartered reinsurer Peak Re on 1 July.