News
Vnuk amendments would remove access to justice, lawyers warn
Removing off-road vehicles from the scope of motor insurance could eliminate injured people and bereaved families from the justice system, lawyers have warned.
Munich Re warns on New Zealand earthquake capacity
A senior member at Munich Re has given a warning on the ability to provide earthquake cover in New Zealand in the future.
Brolly closes £1m seed round with Valar Ventures
Insurtech start-up Brolly has closed a £1m seed round led by Valar Ventures, Pi Labs and Entrepreneur First.
JLT to make acquisitions in H2 2017
JLT is likely to make strategic acquisitions in the second half of 2017.
PPL update expected mid-September following delays
Placing Platform Limited, the London market’s electronic placing platform, will get its next update in mid-September, the platform's board has said.
Kennedys launches incubator platform to modernise legal services
Global law firm Kennedys has launched an incubator platform to build technological innovation within the legal sphere.
Crime stats reveal 20% fall in insurance fraud
Exclusive: The Insurance Fraud Bureau has issued a cautious welcome to a 20% fall in insurance fraud cases last year.
Allianz launches on-demand drone insurance with start-up Flock
Allianz has partnered with start-up Flock to launch app-based on-demand drone insurance for commercial and recreational users.
Lancashire profit up at $67m in H1
Property and casualty insurer Lancashire reported an 18% rise in first-half pre-tax profit thanks to a benign loss period.
JLT's profits jump 80% as business grows across all territories
JLT saw total revenue growth of 11% in H1 2017, up to £689.9m from £619.4m for the same period last year.
Australian broker Honan creates technology division
Melbourne-headquartered broker Honan Insurance has created a technology division to enhance its client capabilities.
Markel improves COR in Q2 and buys US fronting insurer
US headquartered global insurer Markel has beaten Q2 market expectations and bought a Texas-based insurer for $919m.
FCA head of insurance policy promoted to head of Scottish department
The Financial Conduct Authority’s head of insurance and pensions policy has been promoted to head of department, Scotland.
EU Commission opens consultation on Vnuk
The European Commission has opened a four-week consultation on the scope of the Motor Insurance Directive in relation to the Vnuk ruling.
FCA outlines proposals to extend senior managers regime to insurers
The Financial Conduct Authority has today published proposals to extend the senior managers and certification regime to insurers, essentially replacing the approved persons regime.
Insurance Post to host Claims Conference Sydney
The inaugural Claims Conference Sydney will take place on 29 August at the Radisson Blu Plaza.
Suncorp's Tower bid rejected by Commerce Commission
The Commerce Commission in New Zealand has rejected Brisbane-headquartered Suncorp's bid to buy New Zealand insurer Tower outright.
Aetna buys Bupa Thailand
US-headquartered global health insurer Aetna has purchased UK health provider Bupa's Thailand operations.
Axa partners with Uber to provide employee cover
Uber and Axa have signed a partnership that will see France-based independent Uber employees receiving insurance cover for free.
Allianz wins naming rights to Minnesota United stadium
Allianz Life Insurance Company of North America has signed a multi-year naming rights agreement with Minnesota United FC which will see the team’s stadium named “Allianz Field”.
Biba launches claims app for brokers
The British Insurance Brokers’ Association has launched a claims smartphone app facility for brokers with Insure Apps.
Syndicate DTW 1991 names two new underwriters
Randall and Quilters Lloyd’s Syndicate DTW 1991 has appointed two underwriters to its UK and international underwriting team.
Allianz appoints John Berry as director of underwriting and technical for personal lines
Allianz has appointed John Berry as director of underwriting and technical, personal lines.
IAG hires chief digital officer from News Corp
Australian giant IAG has hired Mark Drasutis, News Corp Australia's chief product officer for digital.