News
Sovereign Capital backing management buy-out of Irish broker Arachas
UK private equity firm Sovereign Capital is backing the management buy-out of Irish brokerage Arachas Corporate Brokers.
Castle Cover closure a sign of things to come, experts warn
Ageas broker Castle Cover's closure is a symptom of changing consumer behaviour, experts warned.
Personal insurers are not placing enough digital investment into claims process
Leading personal lines insurers are placing a bigger focus on digital investment for customer acquisition rather than retention, research shows.
Blackstone to acquire Aon's benefits outsourcing for $4.8bn
Private equity firm Blackstone has agreed to acquire Aon Hewitt's employee benefits outsourcing business for around $4.8bn (£3.8bn).
US weather losses exceed $1bn in January
Losses caused by severe weather outbreaks in the United States have exceeded $1bn (£800m) in January, according to the latest Aon catastrophe report.
Fagen leaves QBE and ICA position
QBE's group chief operations officer Colin Fagen has left the company this week and as a result has relinquished his role as president of the Insurance Council of Australia.
Fairfax has bid accepted for New Zealand's Tower
Canadian group Fairfax Financial has agreed to buy Auckland-based commercial and personal lines insurer Tower for NZ$197m (£113m).
Novae promotes Trueman to chief innovation officer
Novae has promoted Dan Trueman to the role of chief innovation officer
Liberty syndicate adds onshore energy & construction
Liberty Specialty Markets is to expand its syndicate business in Lloyd’s to include onshore energy and construction.
Industry customer satisfaction on the rise
Overall customer satisfaction in the insurance sector has increased over the past year, according to the UK Customer Satisfaction Index.
Ageas' Castle Cover closes to new business
Ageas' over-50s broker Castle Cover has closed its doors to new business.
Zurich UK GI sees profits stabilise
Zurich UK’s general insurance division has posted £147m in operating profit for last year, an increase of 137% from the previous year.
Bought By Many launches new pet insurance product
Insurtech start-up Bought By Many has launched its first pet insurance product following its £7.5m investment round.
Remaining Enterprise claims 'progressing rapidly', liquidator confirms
Premium claims yet to be returned to Enterprise policyholders will "progress rapidly" over the coming weeks, liquidator Freddie White has confirmed.
Aviva offloads French life insurance holding
UK-headquartered insurer Aviva has sold its entire 50% shareholding in Paris-headquartered life insurance joint venture Antarius.
Marketing chief Giles leaves AIA for Chubb
Marcus Giles, who formerly worked at Ace from 1999 to 2010, has left his role as head of direct marketing at AIA to join Chubb.
Profits at Zurich's global GI division improved 182% in 2016
Swiss giant Zurich's global general insurance operating profits climbed 182% last year to $2.44bn (£1.95bn) from $864m in 2015.
Anthem's proposed $54bn acquisition of Cigna blocked by judge
Yesterday two US health insurance giants were told they wouldn't be granted permission to merge by a federal judge.
Suncorp posts 20% first half insurance profit rise
Brisbane-based financial services group Suncorp saw insurance after tax profit grow strongly in Australia but fall back in New Zealand.
Government sets out insurance framework for driverless cars
The government will set out a framework this week for insurance for driverless cars, a move that has been welcomed by insurers.
GRP investment will free Higos for acquisition spree
Regional broker Higos Insurance Services has the backing of its new owner Global Risk Partners for further acquisitions.
Kwik Fit closure hits Ageas with £23m restructuring bill
Ageas faces a bill of £23m in restructuring costs owing to the closure of its Kwik Fit business in Uddingston.
AA prosecutes ghost brokers with Iovation's fraud force community
AA Insurance has successfully prosecuted a ghost broking fraud ring through the use of Iovation’s peer-driven fraud force community.
Cyber and chemical terrorism are top threats facing business says Pool Re
The increased cyber capabilities and rise in the use of chemical agents by extremist groups are two of the emerging threats facing UK business in 2017, according to Pool Re.