News
Bupa fined £175,000 for data breach
The Information Commissioner’s Office has fined Bupa £175,000 for “systemic data protection failures”.
RSA sees £70m UK loss in Q3
RSA’s London and UK segment saw £70m underwriting losses in the third quarter of the year due to weather-related claims.
This week in Post: Swipe right for Swinton
As Swinton meets its match in Ardonagh, the insurance courtship game has continued to hit headlines.
Aviva simplifies claims process for home
Aviva has implemented a ‘three question’ process for customers claiming on their home insurance.
Dual pricing complaint likely to result in ‘significant market change’
The super complaint over dual pricing is likely to result in “serious and profound” change in the insurance market, analysts believe.
Ardonagh to enter consolidation phase in retail
Ardonagh will hit pause on further major retail acquisitions as it consolidates its current assets.
Consumer 'super complaint' forces investigation into dual pricing
Consumer champion Citizens Advice has submitted a super complaint to the Competition and Markets Authority over the “loyalty penalty” in insurance, forcing an investigation.
Honcho backed by start-up fund
Aggregator disruptor Honcho has been backed £50,000 by an SME fund from Barclays.
Slice bags $36.1m in series A funding round
US-based insurtech Slice has raised an additional $20m in its series A round.
Dive In: Lloyd’s chairman Bruce Carnegie-Brown unveils future female leaders programme
Lloyd’s has developed a programme it hopes will propel women in to more senior roles, chairman Bruce Carnegie-Brown told delegates at Dive In Festival.
Swinton to be ‘repackaged’ under Ardonagh
Swinton will continue its trajectory toward becoming primarily a digital business, Ardonagh CEO David Ross said, but he refused to call time on the high street broking model.
Dive In: Marsh UK CEO decries lack of female 'pipeline' for senior roles
Marsh UK CEO Chris Lay has decried the lack of a 'pipeline' of women in line for senior roles, urging for flexible working as a possible solution.
Ardonagh Group swoops in for Swinton
The Ardonagh Group has struck up a deal with Covéa to acquire Swinton for £165m.
Dive In: Insurance companies urged to support social mobility
Human resources departments in the insurance industry need to start supporting social mobility in the same way they’ve been promoting gender balance and ethnic diversity, a Dive In panel heard.
Start-up motor MGA to target £20m premium in first year
Motor managing general agent Hedgehog aims to reach £20m in gross written premium in its first year of operations, following its launch in Q4.
Biba promotes Martin Bridges to corporate affairs manager
Martin Bridges has taken on the role of Corporate Affairs Manager at the British Insurance Brokers’ Association.
Honcho delays launch until 2019
Honcho has become the first ‘reverse auction marketplace’ to gain Biba associate membership, but the firm alleges that software house delays have pushed its launch date back
Scor CEO rounds on 'baseless' threats from activist investor
Scor’s CEO has slammed an activist investor for “baseless accusations and threats” over a rejected takeover bid from Covéa.
Insurers warn of red tape burden from EU green cards
Insurers have warned of an extra layer of bureaucracy for drivers in the form of ‘green card’ permissions to drive in Europe, if a no deal Brexit occurs.
Ratings agencies shift Marsh outlook to negative over JLT deal
Marsh’s whirlwind acquisition of JLT surprised ratings agencies, as it was a “larger” deal than expected from the world’s biggest broker.
Pioneer names former XL Catlin CEO as boss
Former XL Catlin UK CEO Andrew McMellin has been named CEO of Pioneer Underwriters.
Axa XL announces replacement for Paul Jardine
Paul Greensmith has been appointed CEO of the newly-formed company Axa XL, replacing Paul Jardine.
Ex-CBL firm EISL to launch new products after MBO
Exclusive: Former CBL-owned wholesale broker European Insurance Services Ltd will look to launch new products following its management buyout.
Co-op hits out at software viability in IBM legal dispute
Exclusive: Co-op said there were "deficiencies" in Innovation Group’s software, in the latest installment in its case against IBM.