News
Flood Re reports pre-tax profit of £130 million
Flood Re has reported a pre-tax profit of £130 million in its end of year results after backing 127,326 policies in its first year of operation.
Post journalists scoop a trio of gongs at Biba Awards 2017
Post journalists have been recognised for their outstanding work in three categories at the British Insurance Brokers' Association Awards 2017.
Three out of four concerned over insurer use of driverless car data
Three out of four motorists are concerned that insurers will use data from driverless cars to justify raising premiums.
MGAA takes action over members hit by Brexit disruption
The Managing General Agents' Association must take a leading role in supporting members through the challenges of Brexit, its chairman said.
Axa to cut 18 branches as Irish operation is scaled back
Axa will close 18 branches across Ireland and Northern Ireland, reportedly affecting more than 100 jobs.
Analysis: After Autofocus: Where next for the credit hire industry?
Last month, seven former employees of Autofocus were collectively given prison sentences of more than five years after being found guilty of doctoring hire rate evidence to defend insurers in court against credit hire companies in thousands of cases.
Wanna Cry fails to boost cyber insurance take up
The recent surge in ransomware virus attacks has seen little increase in enquiries for cyber insurance cover, survey findings suggest.
Hiscox’s Robert Childs appointed deputy chairman of Lloyd’s
Industry heavyweight Robert Childs, non-executive chairman of Hiscox, has been appointed deputy chairman of Lloyd’s.
Latitude Brokers opens Korea office
Latitude Brokers has opened an office in Korea, the third for the marine insurance specialist in Asia.
Compre launches Maltese insurance company
Compre is to establish an insurance company in the Republic of Malta.
Merged Aston Scott and Lark to target Chartered brokers for acquisition
The new broker created from the merger of Aston Scott and Lark will look to strengthen its offering through further acquisitions.
Chaucer acquires Australian Lloyd's coverholder
Chaucer has acquired Australian underwriter and Lloyd’s coverholder, SLE Worldwide Australia as part of its plan to expand.
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.