News
Liquidator to Gable appoints run-off manager
The liquidator of Gable has appointed Enstar as run-off manager.
Dual financial lines pair take on ‘entrepreneurial’ role at Acapella MGA
Two senior underwriters from Dual have joined Acapella to launch a managing general agent business specialising in diverse financial lines.
European insurers paid out €2.7bn a day last year
Europe’s insurers paid out a total of €975bn (£818bn) in claims and benefits over the course of last year, the equivalent of €2.7bn (£2.27bn) per day.
London Market faces 'bleak' year ahead
The London Market faces a "bleak" year ahead based on swingeing underwriting losses, PWC warned.
Home and motor insurers to end 2017 in the red, EY warns
Home and motor general insurers are likely to face significant losses in the coming year, EY said.
Five jailed in £1.1m crash for cash scam
Five men were given jail terms last week in connection to a £1.1m crash for cash scam.
ABI launches legal challenge over discount rate review
The Association of British Insurers launched a legal challenge of the Lord Chancellor’s decision to review the discount rate for personal injury damages.
Cigna appoints John Kaye as managing director
Cigna Global Health Benefits Europe has appointed John Kaye as managing director, Europe, for its Global Health Benefits business.
Aviva claims director joins IFB board
Rob Townend, Aviva’s claims director for UK general insurance, has joined the board of the Insurance Fraud Bureau.
FCA admits its email system was 'spoofed'
The Financial Conduct Authority said it issued a fake email to its mailing list on Friday.
Insurers face 'highly challenging period', says AM Best
The insurance industry is entering a highly challenging period in its history, according to new research from AM Best.
EU data regulations 'inevitable' in UK despite Brexit
The UK could adopt a similar regulatory framework as the EU's General Data Protection Regulation even after Brexit, say industry lawyers.
Brit owner Fairfax buys Allied World for $4.9bn
Canada’s Fairfax Financial is to buy insurance giant Allied World for $4.9bn (£3.9bn).
Post People: 19-23 December
The latest people moves from the insurance industry.
Gallagher buys US E&O programme manager
Arthur J Gallagher is to buy California-based National Ethics Bureau for an undisclosed sum.
RSA appoints Hunn as business development director
RSA has appointed Kevin Hunn as business development director in its intermediated personal lines division.
Insurers cannot wait for government to lead on Brexit strategy
The UK's insurers cannot wait for government to take the lead on Brexit strategy, according to Ashley Prebble, an insurance partner at Clifford Chance.
Cold call reporting leads to ICO raids
A business and two homes in Macclesfield and Heald Green were searched by Information Commissioner’s Office officers today.
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.