News
New home in Cheesegrater for Brit
Specialty insurer Brit has completed its move to the iconic Leadenhall Building in London.
Storms to cost Ageas £46.1m as FY profit slides
Ageas estimates it will pay £46.1m worth of claims following the December 2015 storms and floods, taking its 2015 combined ratio to 102% (2014: 99.8%).
Fosun withdraws from Israel purchase
Chinese conglomerate Fosun has decided to end the firm's bid to buy a controlling 52% stake in Israeli insurer Phoenix.
IAG's half year profits fall 19.5% as provisions for 2011 Christchurch earthquake rise
Australian giant IAG is still counting the cost of the 2011 Christchurch earthquake and announced a 19.5% fall in profits for the first half of the 2015/16 financial year.
Garrard promoted at Willis Towers Watson to international role
Adam Garrard, formerly head of Asia at Willis, has been promoted to head of international at Willis Towers Watson following the merger of the two groups.
Career Development: L&G Business Quality Awards
Legal & General celebrated the best independent financial advisers and network advisers last week, with its annual Business Quality Awards.
#Postpeople: 16 - 22 February 2016
All the latest insurance industry market moves between 16 and 22 February 2016 in full and in one place.
Legacy specialist acquires in Norway
Reinsurance legacy specialist Compre has acquired the marine and energy legacy portfolio of a leading Norwegian insurer.
Spotlight back on GI equality as government gender pay gap plans are unveiled
General insurers are pushing ahead with plans to strengthen workplace diversity and equality in the industry amid government proposals to force large companies to reveal their gender pay gap.
2016 billed as 'year of the disruptors' as insuretech start-ups target market share
Digital disruptors are digging out niches and targeting poorly-served sectors as the push for market share ramps up in 2016.
Manchester broker John Reynolds Group bought by Henderson
Henderson Insurance Group has acquired of 100% of the share capital of The John Reynolds Group and subsidiaries.
ABI warns against further IPT hike in March budget as home premiums rise 3.1% in three months
The Association of British Insurers has warned the government against rolling out a further rise in insurance premium tax in the Chancellor’s upcoming budget, as independent research reveals a 3.1% rise in home premiums in three months.
SME flood scheme to prove 'challenging' to implement despite government talks
Efforts to establish an affordable flood insurance solution for small businesses are ongoing at industry and government level, despite concerns that creating a Flood Re type scheme for SMEs will be “fundamentally challenging”.
Brit to lead US partner to $175m capacity
Brit will help increase capacity at US-based Ambridge Partners to $175m (£120m), with the specialty insurer acting as lead partner to increase Ambridge’s transactional liability facility.
Chubb unveils Asia-Pacific marine underwriting managers
Chubb, the newly merged entity of Ace and Chubb, has promoted two senior underwriters in its marine cargo Asia-Pacific team.
Zurich rebalances in Asia-Pacific as premium declines
Zurich's general insurance division has taken corrective steps over the last year in Asia-Pacific to concentrate on more profitable growth.
Industry will have time to deal with business implications of Brexit
Market commentators are divided over whether it is too early to start contingency planning ahead of the planned referendum on the UK's membership of the European Union, despite a senior Lloyd's official warning the sector to be prepared for all possible…
Storm and flood claims to cost Lloyds Banking Group £60m
Lloyds Banking Group expects to fork out around £60m on claims for household damage caused by the floods and storms that wracked the UK over December and the New Year.
Legacy systems cited for brokers' poor view of insurer data
Less than one-fifth of UK brokers would describe the quality of data and information held by insurers as good or excellent, according to a survey by EDM Group.
Your last opportunity to help shape the SME insurance market of the future
SMEs are often described as the life blood of the UK economy.
Claimant law firm billed £27k as Allianz PI claim is struck out
A claimant solicitors firm has been ordered to pay £27,000 of defendant legal costs after a personal injury claim lodged with Allianz was struck out by a court.
Israeli start-up Passportcard planning UK launch
Travel insurance start-up Passportcard is intending to be operational in the UK by the end of 2016.
SRA consults on minimum terms changes to PII policies
The Solicitors Regulation Authority is consulting on technical changes to the minimum terms and conditions that need to be included in professional indemnity insurance policies.
MoJ proposes capping CMCs' PPI fees
The Ministry of Justice has proposed capping fees charged by claims management companies handling mis-sold payment protection insurance claims, in a consultation launching today (15 February).