News
The City UK sets out industry priorities for Brexit
The City UK, a City of London lobby group, has issued its key priorities for the UK’s financial and professional services industry in the forthcoming Brexit negotiations.
Tokio Marine tests new blockchain-based insurance policy
Tokio Marine has begun testing a blockchain-based insurance policy for the shipping industry.
Probitas appoints PI underwriter
Kiran Wignall is to join Lloyd’s underwriting syndicate Probitas 1492 as a professional indemnity underwriter in its financial lines team.
Fidelis co-founder McConachie to leave
Neil McConachie, group chief financial officer and co-founder of Fidelis, is leaving the firm.
Severe flood warnings issued for coastal areas in UK
Severe flood warnings are in place along the eastern coast of England following fears that a storm surge places homes and properties at risk.
JBA releases flood model for Vietnam
UK catastrophe modeling firm JBA Risk Management has this month released a multi-peril flood model for Vietnam.
Spencer departs Zurich following Howell appointment
Post understands Stuart Spencer, Zurich's former general insurance Asia-Pacific CEO, left the company on 31 December.
Motor premiums rose by 14% in 2016
Car insurance premiums rose by 14%, equivalent to £95 on average, in 2016.
Ageas confirms Kwik Fit Uddingston site closure
Ageas UK has today confirmed to its employees working at its Uddingston office in Lanarkshire that it will close the site from 31 March 2017.
Eight out of 10 charities say insurers must do more for vulnerable customers
Over half of charities believe the people they represent are inherently vulnerable to unfair treatment from insurers.
Luker Rowe acquires Michael Moore Insurance Brokers
Luker Rowe has acquired Buckinghamshire-based Michael Moore Insurance Brokers for an undisclosed sum.
LV Broker to stop writing home business
LV Broker will stop writing new home insurance business and inviting renewal on its home, building and contents insurance products.
Towergate to make 176 roles redundant with Manchester retail unit closure
Towergate will close its retail unit in Manchester putting 176 jobs at risk of redundancy.
Digital motor insurance policies worth €15bn by 2020
Digitally-enabled motor insurance policies in Europe could potentially be valued at €15bn (£13bn) by 2020, according to Deloitte.
IDT911 re-brands as Cyber Scout amid international expansion
IDT911 has re-branded to Cyber Scout as it looks to expand globally.
Walker replaces Lee as Hastings MD
Hastings has appointed David Walker as managing director for insurer service, following Michael Lee’s departure last month.
Helvetia Insurance to invest £44m in start-ups
Helvetia Insurance is launching its own venture fund for investments in start-ups, with an aim of driving forward digitisation.
Business interruption is top business risk in 2017
Business interruption continues to come top of the risk rankings as businesses fear the impact of market uncertainties and political perils, according to a report from Allianz.
Pardus launches Lloyd's backed contingency facility
Managing general agent Pardus has launched a contingency facility.
Companies braced for year of uncertainty, says Allianz's Fischer Hirs
Chris Fischer Hirs, CEO of Allianz Global Corporate Specialty, has said companies worldwide are bracing for unpredictable changes this year.
PICC's vice chairman under investigation, says report
The vice chairman and president of PICC Wang Yincheng has been taken away by Chinese authorities for investigation according to financial media site Caixin.
Lemonade's three-second claim settlement raises fraud concerns, experts say
As the UK insurance industry grapples with the task of making the claims process slicker, US start-up Lemonade has declared its ‘world record' claims settlement time of three seconds.
Markerstudy cancelled MGA capacity deals due to ‘conflict of interest’
Markerstudy said the decision to withdraw capacity for managing general agents was due to a potential “conflict of interest”.
Hyperion poised for further acquisitions as revenue climbs
Hyperion CEO David Howden has told Post he expects the group to break the half billion revenue barrier in 2017 following strong 2016 results.