News
Aviva could see boost of up to £200m from Ogden discount rate reform
Aviva stands to make a one off gain of between £100m and £200m as a result of any future discount rate revision to 0-1%.
Legal & General partners with SSP to provide quoting platform for home insurance
Legal & General has partnered with SSP to develop a quoting process which uses big data to provide customers with a home insurance quote in 90 seconds.
Connected and autonomous vehicle testing hub receives £100m government investment
A co-ordination hub for connected autonomous vehicle testing has gained £100m in financial backing from the government's Connected Autonomous Vehicle investment programme in order to develop technology.
ERS launches agriculture operations unit
ERS has launched a 27-strong agriculture operations team as a result of increased demand.
Insurers rejoice at new Ogden formula on Twitter
Insurers took to Twitter to express their satisfaction with the new mode of calculation for the discount rate, which the government unveiled today.
Marsh restructures global management
Broking giant Marsh has unveiled a new global management structure, including new appointments to its executive management team as part of a global management shake-up, effective immediately.
Darag makes string of senior appointments
German run-off insurance company Darag has made a string of senior appointments.
Neos to provide home insurance quotes in under 30 seconds
Insurtech start-up Neos has introduced a propositions which it claims will provide customers with a home insurance quote in under 30 seconds.
Fintech continues to grow despite worries over attracting talent
Half of UK fintech firms are expecting revenue growth to more than double in the next year, with some expecting their next fund raising round to exceed £2.5bn.
Hurricane Irma insured losses to be 'significantly' higher than anticipated
Insured losses as a result of Hurricane Irma will be "significantly" higher than originally expected.
Live blog: Ogden discount rate reform
Follow reactions to the draft reform to the Ogden discount rate reform in our live blog.
Markel to acquire ECIC
Specialist insurer, Markel International has acquired EC Insurance Company.
Zurich merges two divisions to be led by Peter Huber
Zurich has appointed Peter Huber as CEO of Zurich International, which brings together Zurich International Life and Zurich International Corporate Solutions as one team.
Industry welcomes draft reform on Ogden discount rate
Insurers have welcomed government plans to alter the way the discount rate is set in future.
Property losses to exceed $65bn after Hurricane Harvey, says AIR Worldwide
The expected cost of total uninsured and insured property losses in the US from Hurricane Harvey is likely to be between $65bn (£50bn) and $75bn according to catastrophe modeling firm AIR Worldwide.
Penny Black's Social Month: September 2017
Youth camp, yachting champs and getting damp
EY collaborates with insurers on marine blockchain application
Global consultancy EY has been working with insurance firms, software companies, ACORD and global shipping company Maersk to provide a blockchain platform for marine insurance.
FSCS declares three insurance companies in default
The Financial Services Compensation Scheme has declared three insurance companies in default.
Fixed costs for deafness claims proposed
The Civil Justice Council has published recommendations for fixed costs applying to noise induced hearing loss cases.
PIB buys childcare broker Morton Michel
PIB has acquired Croydon-based specialist broker Morton Michel, its tenth deal in 16 months.
Watchstone CEO Mukerjee: 'There is no yard sale'
Indro Mukerjee, the outgoing CEO of Watchstone has admitted that while it might have been more “romantic” or “Hollywood” to have grown the business by acquisitions during his two year tenure, it would not have benefited shareholders long term.
Strike Club's Monaco operations moved to London
The Strike Club has closed its Monaco office after finding “sizable efficiencies” in moving its operations to London.
Law firms warned over handling of holiday sickness claims
Solicitors have been slapped with a warning over the handling of holiday sickness claims following evidence of rising fraud.
Munich Re Digital Partners to roll out ride-sharing digital platform
Munich Re Digital Partners has entered a partnership with ride-sharing platform Drover in order to provide fleet owners and ride sharing drivers with personalised policies.