News
Cobra UK and Ireland finalises MBO
Insurance broker Cobra UK and Ireland has finalised a management buyout, with the company to trade under its previous name, UK and Ireland Insurance Services.
Innovation Group rebrands software products
Outsourcing provider Innovation Group has rebranded its suite of software products as 1 Insurer.
Insurance scammers diversifying as crash-for-cash claims drop
Crash-for-cash claims have fallen by £60m since 2012, according to the Insurance Fraud Bureau, but liability fraud is on the rise.
Helvetia concludes withdrawal from Belgian market
Swiss insurer Helvetia has completed the sale of its subsidiary Nationale Suisse Belgium and the two underwriting agencies owned by the latter to Enstar Group.
Risk mapping software for underwriters launched by Business Insight
Business Insight has launched a new risk mapping software for insurers.
Garwyn Ireland and Associated Loss Adjusters to rebrand as Davies Ireland
Garwyn Ireland and Associated Loss Adjusters will trade as Davies Ireland with managing director of Garwyn Ireland Peter Haran to lead the new group.
Groveland looks to expand following Hong Kong acquisition
Groveland Financial Services wants to partner with more brokers and talk to retiring brokers after integrating Swiss Insurance Partners' Hong Kong book.
Cooper Gay to sell US arm
Wholesale and specialty (re)insurance broker Cooper Gay Swett & Crawford has confirmed that it is putting its US business unit up for sale.
Aviva primes Irish health business for possible sale
Aviva is examining its Irish health insurance arm for a potential sale, Post understands, but the plan is in an early stage and no decisions have been made.
Clear completes 19th acquisition with Emson Corporate Services buy
Clear Insurance Management has acquired Emson Corporate Services, taking the broker's controlled premiums to £70m.
Co-op announces trio of hires with appointment of NEDs and COO
The Co-operative Insurance has appointed two non-executive directors to its board and hired a chief operating officer to join the executive management team.
County Group strengthens leadership team to boost growth
The County Group has hired a group finance director and integration head to assist its organic and acquisitive growth plans.
London remains key market for energy buyers
London is still the number one market for many energy buyers with the concentration and experience of the market leading to a more efficient buying process, a risk expert told the London Power Forum this month.
Quiz of the week - 13 November 2015
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Stewart to step down as chairman at L&G
Legal & General chairman John Stewart will retire in 2016, with no firm date set yet as the company looks for a successor.
Late bid by CSC in Xchanging takeover
Procurement and technology provider Xchanging has seen another takeover bid, this time from US-based technology company CSC.
IAG drops Australia from logo
IAG has decided to drop Insurance Australia Group from its logo and will now use lower case letters for its overall brand.
Consumer group calls for fines for unsimplified policy documents
A third of insurance policies are written at a university-equivalent reading level, making them inaccessible to large portions of the population, according to research by consumer group Fairer Finance.
FCA paves way for insurers to take advantage of cloud services
The Financial Conduct Authority says there is no "fundamental reason" why cloud computing cannot be used by financial services companies in a manner that complies with its rules.
Transactor joins MGAA as supplier member
Software provider Transactor has become a supplier member of the Managing General Agents' Association.
First 4 Lawyers fears 'unintended consequences' of CMC regulation
The Ministry of Justice must focus on claims management companies in the financial products market in its review of CMC regulation and not impinge on the wider claims management sector, according to First 4 Lawyers.
SME cyber product launched by HSB to target gap in market
A cyber insurance product targeted for small to medium-sized businesses was launched by HSB Engineering Insurance today (12 November).
Innovation Broking attracts £2m VC investment
Venture capital investor Albion Ventures is to invest £2m in commercial broker Innovation Broking.
Quinn Insurance managers subject to regulatory inquiry
The Central Bank of Ireland is to conduct an inquiry into former managers of Quinn Insurance who it has "reasonable grounds" to suspect were involved in breaches of insurance regulations.