News
Zurich's Q3 global profits bounce back to $1.2bn
Global insurer Zurich registered 2016 third quarter operating profits of $1.2bn compared with $256m in Q3 2015.
Munich Re's Q3 profits rise 31%
Reinsurance giant Munich Re has seen its profits climb 31% in the third quarter of 2016 compared with the same period last year.
Brokers welcome Crawford's Gallagher appointment
Brokers have welcomed the news of Charles Crawford’s appointment to UK operations director at Gallagher.
Croydon tram crash could be worst in British history
A tram that derailed leaving seven dead and 50 injured is being described by the industry as the worst light rail accident in British history.
Esure on track for full year growth says CEO
Top-line growth remains on track for the full year following continued growth in Q3 says Esure CEO Stuart Vann.
MoJ whiplash reform plans could come 'within days'
The Ministry of Justice could outline its plans to tackle whiplash ‘within the next 10 days’, a senior Medco source has told Post.
Medco suspends 134 'shell' companies
As many as 134 ‘shell’ companies have been suspended from the Medco system following the implementation of revised qualifying criteria.
Bluefin continues acquisition spree with Northern Alliance
Bluefin has continued its string of acquisitions this year with the capture of West Yorkshire-based Northern Alliance Brokers.
Gallagher names Charles Crawford as UK operations director
Arthur J Gallagher has appointed Charles Crawford as UK operations director, subject to regulatory approval.
Esure reports 15.9% rise in Q3 gross written premiums
Esure Group has reported a 15.9% rise in gross written premiums for the first nine months of 2016.
UK insurers likely to be impacted if Trump triumphs as stock market faces a ‘battering’
The UK stock market is likely to take a “battering” tomorrow if US presidential hopeful Donald Trump wins the election and UK insurers will not be immune to the fallout.
JLT Group reports 'resilient' performance in its interim results
JLT Group has reported a "resilient" performance of its risk and insurance businesses, in its interim results for 2016, despite pricing pressures in multiple markets caused by global economic uncertainty.
LA Fitness owner offers to buy remaining shares in Towergate
The private equity firm which bought 17.9% of Towergate has issued an offer to buy all remaining shares in the company.
Direct Line Group sees GWP rise by 4.2%
Direct Line Group has seen a 4.2% rise in gross written premiums in the first nine months of the year, compared to the same period last year.
Enterprise issued thousands of policies without authorisation
Enterprise Insurance wrote 10,000 UK roadside assistance policies in the UK without authorisation.
Towergate sells 17.9% of shares to LA Fitness owner
Towergate has been partially bought out by LA Fitness-owner Madison Dearborn Partners.
Only one insurance product will take part in FCA's regulatory sandbox
Out of the 24 applications submitted to join the FCA’s regulatory sandbox, just one of those was an insurance product.
Space X satellite explosion creates £158m loss for insurers
The insurance claim for the destruction of an Amos 6 satellite will total $196m (£158m) according to the Tel Aviv Stock Exchange.
SSP appoints Scott Holmes as relationship manager
Broker platform SSP has appointed Scott Holmes as relationship manager to its data and distribution division.
Barbon insurance to cut jobs as part of business restructure
Barbon Insurance is holding a consultation over a dozen jobs in its business following its takeover by Carlyle Group.
Hiscox to ‘shrink’ London Market business in response to rate pressure
Hiscox is “actively reducing” its aviation, marine and energy business in the London Market, in response to severe rate pressure.
R&Q to take on the Law Society of Ireland's run-off portfolio
Randall and Quilter Investment Holdings has bought the portfolio of the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund.
Prime Ministerial trips to India see UK edging closer to trade agreements
Recent trips to India have seen London take a step closer to trade agreements, with Lloyd’s ready to set up an Indian branch in 2017 and Sheffield tech firm joining the Prime Minister on her first trade trip.