News
Brexit and fair pricing lead FCA general insurance agenda for 2019/20
The Financial Conduct Authority has set out its priorities for the year ahead in its 2019/20 business plan, identifying Brexit as its “immediate priority”.
Ex-RSA SME MD Tara Waite rejoins insurance sector after Wonga collapse
RSA’s former SME managing director, Tara Waite (formerly Kneafsey) has re-entered the insurance sector as a non-executive director at Ageas UK, after leaving for payday lender Wonga.
Customers increasingly looking to credit to pay for premiums: research
Insurance customers are increasingly relying on credit to pay premiums, with nearly one in three planning to use more credit this year, research found.
Cytora becomes UK's best funded insurtech with £25m Series B raise
Cytora, a provider of artificial intelligence-powered solutions for the commercial insurance sector, today announced the largest funding round by a UK-based insurtech in 2019 as it looks to expand its product suite and enter new territories including the…
Biba creates head of general insurance role
Former Tokio Marine Kiln head of distribution, Alastair Blundell is joining the British Insurance Brokers’ Association as head of general insurance.
Trade credit claims mount as UK tops global insolvency forecasts
Trade credit insurer Atradius has forecast that global insolvencies are set to rise for the first time in 10 years, with the UK facing the highest increase of all advanced markets.
Uptick in start-up broker applications leads Marsh Networks to develop fresh offerings
Exclusive: Marsh Networks has seen an increase in the number of start-up brokers expressing interest in joining, leading it to create two packages to attract them to its networks.
HDI Global appoints Paul Williams as head of underwriting for corporate risk
HDI Global has announced the appointment of Paul Williams as head of underwriting for its corporate risk division, replacing Kevin Armstrong.
Woodgate and Clark owner snaps up marine surveyor
Van Ameyde, which owns Woodgate and Clark, has bought marine surveyor and consultancy McAusland Turner.
Insurtech start-up Insurdata raises $3m in seed round
Insurtech Insurdata has secured $3m (£2.29m) in seed funding from a group of investors led by Anthemis and Menlo Ventures.
DAC Beachcroft targets Northern Irish office
Insurance law firm DAC Beachcroft is acquiring an office in Belfast.
Motor premium upturn 'on the horizon' after modest Q4 price cuts: Confused and WTW
The price of car insurance fell 1.6% in the first quarter of 2019 after creeping upwards during the second half of 2018, according to the Confused car insurance price index, produced in association with Willis Towers Watson.
This week in Post: Funds, loyalty and crime
Gift cards may not be very personal, but they are perfect when you are not sure what to get someone. However, if you are anything like me you put them away in a “safe” place and forget to use them in time.
Research: Cyber - is it responding to market needs?
For Insurance Post's latest research project, we're delving into the world of cyber. What is making companies tick at the moment? How are they dealing with threats? What can insurers, brokers and managing agents do to ease the digital journey ahead?
Charlotte Halkett leaves Buzzvault
Buzzvault managing director of insurance product, Charlotte Halkett, is leaving the insurtech.
Iprism and MGU Eaton Gate no longer trading together
Exclusive: Managing general agent Iprism no longer deals with its former director’s managing general underwriter Eaton Gate, Post can reveal
Salvage loopholes need closing to stop car theft
The Association of British Insurers director of general insurance policy James Dalton has urged the salvage trade body to tighten the security of the salvage chain.
Lemonade raises $300m in latest funding round
US-based insurtech Lemonade has raised $300m in a Series D round, bringing its total funding to date to $480m.
Crawford & Co on hunt for UK & Ireland head as Clive Nicholls steps down
Crawford & Company has begun the search for a new president, UK and Ireland, after incumbent Clive Nicholls announced his intention to retire on the 30 September 2019.
Global floods cause $8bn damage in March alone
An estimated $8bn (£6.1bn) of damage was caused by floods around the world in March 2019, according to an Aon catastrophe report.
FSCS transfers policies of bankrupt Qudos to new providers
The Financial Services Compensation Scheme has revealed that it has worked with a number of brokers to transfer around 165,000 Qudos motor and pet insurance policies to new providers.
Covéa Insurance names Carolyn Callan as Simon Cooter’s successor
Covéa Insurance has appointed Carolyn Callan as commercial lines and high net worth director with effect from 1 May.
Home insurers make 100% of their profits through the 'loyalty penalty': Citizens Advice
Citizens Advice is calling for the FCA to identify concrete solutions to the loyalty penalty as part of its insurance market study, after its research found that 100% of home insurance profits come from loyal customers.
‘Business as usual’ for Eldon as Debenhams enters administration
Debenhams’ holding company has entered administration, but the retailer's policyholders are unaffected according to broker Eldon.