News
206,000 Enterprise policies transferred to new insurer
Motorway Direct and NCI Roadside Assistance have transferred 206,000 Enterprise policies to new insurers with effect from 14 December.
Pioneer launches renewable energy team
Pioneer has launched a renewable energy underwriting team led by Warren Diogo.
Insurers hold up under ‘extreme’ EU stress tests
Insurers have held up under “very severe” circumstances as part of a Europe-wide market stress test.
Clark Thomson doubles staff number with Glasgow expansion
Clark Thomson Insurance Brokers has expanded its Glasgow office, doubling the size of its work space and staff numbers.
BP Marsh takes a further 6.87% stake in Nexus
BP Marsh has acquired a further 6.87% in Nexus Underwriting for £4m.
Skuld reports $16m bottom line
Marine insurance provider Skuld has reported bottom-line results of $16m (£12.8m) for the nine months of the financial year 2016/17 ending 20 November.
Cyber insurance market has 'hit a fork in the road' in 2016
Cyber policy writing has reached a ‘fork in the road’ as the industry is pulling in different directions when it comes to policy cover.
Lloyd's to unveil plans for EU move in the new year
Lloyd’s of London will create an office somewhere within the European Union in a move to divert some of its operations to the continent as a result of the UK's Brexit vote.
Yahoo admits 1 billion accounts hacked
More than a billion Yahoo users have had their information stolen in a “state-sponsored” hack, the largest of its kind in history.
Hiscox CUO sells £505,000 shares in company
Hiscox’s chief underwriting officer has sold shares in the company worth £505,000.
Shadow Justice Secretary urges whiplash reform deadline extension
Shadow Lord Chancellor Richard Burgon MP has written to Justice Secretary Elizabeth Truss MP urging her to extend the whiplash consultation deadline, Post can reveal.
Mixed reaction from market over Lloyd’s subscription cuts
The London Market has expressed a mixed reaction to planned changes to fees paid by market members to the Corporation of Lloyd's.
Previously unrated Elite assigned BBB- rating by Fitch
Previously unrated Elite Insurance has been assigned an IFS rating of BBB- by Fitch.
Hastings to be part acquired for up to £499.5m
Hastings could be part sold to a South African investment company for up to £499.5m.
Census 2017 - just one day left!
It's coming soon, it's huge and it's all about you!
Industry 'concerned' over FSCS levy proposals
Trade bodies are concerned over the Financial Conduct Authority’s suggestions on Financial Services Compensation Scheme funding.
Four out of five unaware how to report cold calls
Four out of five people are unaware they can report cold calls to the Information Commissioner’s Office, a Post survey can reveal.
Underwriting at Lloyd's unprofitable in the aggregate, say Beale & Nelson
The strong performance that Lloyd’s has enjoyed this year masks a worrying unprofitable underwriting trend, according to the market’s CEO Inga Beale and chairman John Nelson.
FSCS levy may rise for brokers that use unrated insurers
The financial services watchdog could make brokers that deal with unrated insurers pay a higher levy to the Financial Services Compensation Scheme.
Third of motorists lie to get cheaper premiums
One in three motorists will lie to their insurance company to get cheaper premiums, a survey found.
ICO welcomes Post's #ColdCallCrackdown campaign
The Information Commissioner's Office has welcomed Post's #ColdCallCrackdown campaign, stating that with Post's help more action against nuisance calls will be taken.
CMA launches formal complaint against Highways England
A claims management firm has launched a formal complaint with Highways England over the destruction of “potentially vital” CCTV evidence.
Lloyd's to cut subscription costs by 10%
Lloyd's of London will reduce its market subscriptions by 10% for 2017 as part of efforts to keep the market competitive.
Hank Greenberg trial back on track after appeal thrown out
Former AIG CEO Maurice ‘Hank’ Greenberg will stand trial after an attempt to escape civil fraud charges was thrown out by the US Supreme Court.