News
Applied Net 2016: Insurance industry in need of a 'modern twist'
The UK insurance market is in need of a ‘modern twist' as the US introduces more disruptive technology.
Lloyd's post-Brexit plans 'already under way'
Lloyd’s of London CEO Inga Beale has told the BBC this morning that Lloyd’s is looking to set up a subsidiary on mainland Europe to counter loss of business post-Brexit.
Chris Beazley appointed as first permanent CEO of LMG
London Market Group has appointed Chris Beazley as its first permanent CEO, effective 7 November.
Lloyd's sees profits grow £260m in first half of 2016
Lloyd’s of London has reported an increase in profits of £260m billion in the first half of 2016 as compared to the same period last year.
Average UK car insurance premium rose by 13% over past year
The average car insurance premium in the UK has risen by 13.5% over the past year as the industry continues to battle against a surge in costly claims.
Market reacts to PRA consultation papers on Solvency II
The Prudential Regulation Authority has released a consultation paper with a draft supervisory statement on its expectations of insurers in significant loss events.
Lemonade aims to shake up insurance with New York launch
Lemonade, the start-up insurer promising to donate its underwriting profit to charity, is to start offering insurance coverage in New York from today.
FCA reveals feedback on the transformative potential of Big Data
The Financial Conduct Authority today published a feedback statement following its call for Inputs on Big Data in retail general insurance in November last year.
'Significant' risk to UK firms if passporting rights lost after Brexit
The scale of disruption that Brexit could cause to UK businesses has been revealed by figures showing that 5476 UK-registered companies rely on ‘passports’ to carry out business in other European countries.
Target Global backs Financefox with largest ever European insurtech round
Insurtech app Financefox has revealed that it has raised $28m (£21.6m), the largest insurtech round in Europe to date, led by Target Global and Horizons Ventures.
Ex-LV employee charged for passing information to CMC in return for bribe
An ex employee of LV has been charged with accepting a bribe from a claims management company in order to leak confidential information.
Saga sees no 'impact' from Brexit as it posts 8.5% increase in profit
Saga has seen “no discernible impact” from Brexit as it posted an 8.5% increase in pre-tax profit.
XL Catlin promotes Chambers to Hong Kong country manager
XL Catlin has promoted Jamie Chambers, the insurer's Asia-Pacific aerospace leader, to head its Hong Kong office.
Zurich combines global corporate and commercial divisions
Zurich's global corporate business is to be merged with its other commercial operations to create a division called commercial insurance.
Arthur J Gallagher accuses former CEO of 'poaching' account executive
Arthur J Gallagher is an "over-anxious former employer chasing shadows", lawyers for Aston Scott said in case bought against the broker at the High Court.
Applied Net 2016: Connected systems could increase insurers' ability to 'cross-sell' products
Technology is currently having the most impact on the insurance industry and customers are more likely to engage with insurance services via apps and websites.
Global Risk Partners acquires SLK
Global Risk Partners has announced the acquisition of commercial and personal insurance broker SLK General Insurance Services.
Bupa Global appoints Sheldon Kenton as MD
Bupa Global has announced the appointment of Sheldon Kenton to managing director.
Sure Thing to launch underwriting arm
Insurance broker Sure Thing will launch its own underwriting arm within the next year.
Skipton and Legal & General sign five year distribution deal
Skipton Building Society and Legal & General have announced a five year general insurance distribution agreement.
Applied Net 2016: Insurers need to find new way of innovating to contend with Millennial threats
Voice recognition and video interfacing could be the two next best things in insurtech and could help to increase customer engagement in the insurance market place.
Insurance industry needs to up its drive to recruit Millennials
Insurers have been urged to widen their hiring scope so they can reel in a new generation of professionals.
Huge opportunity for insurers to diversify offerings, says Bain
Insurers have a huge opportunity to sell insurance related products according to customer research conducted by consultancy Bain and Research Now.
Insured losses of Louisiana floods to cost at least $8.5bn, says AIR Worldwide
According to catastrophe modeling experts AIR Worldwide the recent devastating flooding in Louisiana will cost the industry between $8.5bn (£6.1bn) and $11bn.