News
Tough attitude from ICO on Talk Talk breach highlights issue for data protection regulations
Insurance lawyers believe the Talk Talk data breach has highlighted important issues in time for the forthcoming 2018 data protection regulations.
RSA appoints Steven Zuanella as group chief digital officer
RSA has appointed Steven Zuanella to the role of group chief digital officer.
Personal injury claims on the rise in Scotland
Personal injury claims in Scotland have continued to rise over the past four years, despite a drop in claims in England according to figures from DWF.
Two-thirds of EU insurance legislation already enshrined in UK law
Two-thirds of European Union legislation that affect the insurance sector are already enshrined in UK law.
Aggregator websites now 'significant' distribution channel in Europe
Price comparison websites are now a “very significant” distribution channel for car and home insurance across Continental Europe.
Besso Insurance Group reports 16% increase in brokerage as turnover hits £37.6m
Besso Insurance Group has reported a strong increase in its brokerage income in its 2015 results as turnover currently stands at £37.6m with pre-tax profits of £5.26m.
Berkshire Hathaway Specialty expands to Macau
Berkshire Hathaway Specialty Insurance has gained an insurance and reinsurance license for Macau.
Asia Capital Re sells to Chinese investment firms
Singapore-based ACR Capital Holdings' shareholders have agreed to sell the reinsurance firm to two Shenzhen state-owned firms.
Nelson welcomes PM's Brexit timeline
Lloyd’s chairman John Nelson has welcomed Prime Minister Theresa May’s confirmation that Article 50 will be invoked before March next year.
Charman to net £255m from sale of Endurance to Sompo
John Charman stands to gain £255m from the £4.95bn sale of Endurance to Sompo.
Broker Network set on building a 'regional broking powerhouse'
Broker Network is aiming to building a “regional broking powerhouse” as it sets its sights on further acquisitions.
New cyber coverage endorsement could minimise business interruption following an attack
Fm Global has introduced a new add-on product which gives current policy holders the opportunity to maximise their recovery from a cyber-attack.
Flood Re backing 53,000 policies six months after launch
Flood Re is now backing 53,000 policies just six months after the scheme’s launch.
Hastings investors to sell £99.8m stake
Investors in motor insurer Hastings will sell shares worth around £99.8m.
Axa to flood terrace house in research project
Axa will build and then flood a terraced house in a project aimed at helping develop flood resistant homes.
Only a quarter of UK insurers now support Solvency II
Support for Solvency II is waning with just a quarter of UK insurers believing the regime is the best way to run their business.
Finch becomes Broker Network's first regional broker buy
Broker Network has bought commercial broker Finch Commercial Insurance Brokers.
Big Data – a challenge and opportunity for brokers
The rise in Big Data could usher in a host of opportunities for insurers to expand their customer bases and develop innovative products and services; but it could also prove a test for brokers.
Sompo reaches agreement with Endurance's board for $6.3bn acquisition
Japanese property and casualty insurer Sompo Holdings has agreed to acquire Bermuda based P&C insurer Endurance Specialty for $6.3bn (£4.96bn) or $93 a share.
Rawlins leaves Insurance Australia Group
IAG's head of Digital Labs Claire Rawlins has left the insurer.
Qatar Re granted Singapore license
Qatar Re has been granted a license to operate in Singapore.
Penny Black's Social World - October 2016
Vehicular video, an incr-Ed-ulous response, walking for water and more
Lau swaps XL Catlin for Tokio Marine Kiln in Hong Kong
Tokio Marine Kiln has appointed Kin Lau as head of the international insurer's Hong Kong office.
XL Catlin acquires Brooklyn Underwriting
XL Catlin has completed its acquisition of Lloyd’s approved coverholder Brooklyn Underwriting.