News
ERS expands its operations to Swansea
Specialist Lloyd’s motor insurance syndicate ERS will be relocating a number of its operations to its Swansea business in order to reach its mid-term target of a 90% combined ratio.
Post November 2016: Start-ups, autonomous cars, future claims, and broker gossip
They look like rock stars but they're insurtech entrepreneurs.
Lawyers brand Admiral 'arrogant' over Facebook app
Legal experts and social media analysts have branded Admiral “arrogant” after the insurer’s initiative to use driver’s Facebook profiles to price insurance quotes was blocked by Facebook this morning.
Telematics growth likely to be slow in Germany
The growth of telematics car insurance policies is likely to be slow in Germany because of limited interest from both insurers and customers, in contrast to the UK’s growing market.
Over half of traditional firms are developing in-house fintech capabilities
Global businesses now consider the investment in fintech as their highest priority and a necessity for development and market competition, a survey has found.
Facebook delays Admiral's controversial young driver initiative
A plan to use a driver's Facebook profile to price insurance quotes has been delayed after activists pointed out the scheme fell foul of the social network's privacy policies.
Government needs a joined up approach on flooding, says IFoA
A more joined up approach is needed to tackle the long-term threat of flooding, says the Institute and Faculty of Actuaries.
Towergate renames London broking business
Towergate has renamed its London Market broking business as Bishopsgate.
Post Webinar: Raising standards in Hong Kong insurance
Register for free for an upcoming webinar on Culture, Talent and Values in Hong Kong insurance.
Penny Black's Social World - November 2016
Saddle swapping, snuggle snaps and pedalling for pounds
Esure CEO Stuart Vann to gain £1.5m from Go Compare demerger
Esure CEO Stuart Vann will get £1.5m and CFO Darren Ogden will get £1m as a result of the Go Compare demerger, now confirmed for Thursday.
New course addresses impact of flooding on children
The British Damage Management Association has launched a new training course to improve the experience of children & young people after flooding.
Aon Benfield appoints Frankland as UK CEO
Aon Benfield has appointed Nick Frankland to CEO of its UK business.
Lockyers offers ‘palatable’ wholesale facility on piers
Lockyers has opened a wholesale division, offering “previously uninsurable” pier coverage to other brokers.
CII launches Strategic Manifesto following internal review
The Chartered Insurance Institute launched its Strategic Manifesto, with a focus on re-establishing public trust in the insurance sector.
PIB Insurance Brokers acquires Carmichael & Partners
PIB Insurance Brokers has acquired Aberdeen-based brokers Carmichael & Partners.
Markel enters marine PI market with Galleon deal
Markel International has acquired specialist marine MGA Galleon for an undisclosed sum.
Axa completes Sun Life sale to Phoenix Life
Axa has completed the sale of its UK life and savings businesses.
Hastings increases GWP to 26%
Hastings has seen gross written premiums up by 26% from the same period last year.
Closing the claims liquidation loophole
Regulatory powers to crack down on rogue claims management companies are to be passed to the Financial Conduct Authority
Rising Star: Annie Robertson, ERS
Annie is portfolio underwriting manager for bespoke motor at the insurer
Chinese P&C insurers see profits decline 29% in first nine months
China's P&C insurers saw profits fall 29% to 48.2bn yuan (£5.8bn) in the first nine months of the year compared with the same period in 2015.
Chubb and Ace complete Australia integration
Chubb and Ace have started operation as one insurance company in Australia - Chubb Insurance Australia.
Customers' home insurance will not be 'invalidated' following Samsung recall
Insurers have warned customers to respond to Samsung’s recall of Galaxy Note 7 devices but have assured them that their homes will still be covered in the event of a fire.