News
May pledges £400m to remove Grenfell-style cladding, but insurers not off the hook
Exclusive: The government has said the private sector, including insurers, are expected to cover replacement costs potentially dangerous cladding from privately owned high-rise tower blocks.
Insurers slammed over auto-renewal 'loyalty tax' of £37m
Insurers have been slammed for increasing rates on auto-renewals, amounting to what campaigners call a 'loyalty tax' of £37m.
Insure the Box tops 2500 employee learning hours in nine months
Insure the Box has delivered over 2500 hours of employee learning in just nine months.
Direct cyber market grew 32% last year
US property and casualty insurers wrote $1.8bn (£1.34bn) of direct cyber premium last year, a growth of 32% from the previous year.
Scor names McMurdo UK insurance CEO
Stuart McMurdo has been named CEO of Scor’s UK insurance business.
Hastings staff to get instant customer feedback
Hastings Direct is rolling out a customer sentiment platform that will give its staff real-time access to their own customer feedback.
Gocompare uses tools to remove unconscious bias in hiring process
Price comparison site, GoCompare has decided to remove candidates’ names from CVs and create an all-female shortlist for its chief marketing officer role, in a bid to attract more female staff.
Brokers urged to contact FSCS over Alpha collapse
Brokers and managing agents for Alpha Insurance are being urged to contact the UK guarantee fund.
Sedgwick UK will finalise organisational structure by June
Exclusive: Sedgwick UK will have finalised its operational structure following its merger with Cunningham Lindsey by June.
Lemonade to ditch traditional insurance policies
Lemonade has created an ‘open source’ insurance policy and will eventually stop offering traditional insurance policies to its customers.
Allianz to gain £250m commercial book from LV deal
Insurance giant Allianz will gain a commercial book worth £250m from LV following its purchase of 49% of LV’s general insurance business.
Week in Post: Picking up the pieces after Biba 2018
The possibility of physical and mental collapse is now very real. No sympathy for the Devil. Buy the ticket, take the ride.
Brokers must analyse customers' exposure to Brexit
A panel of experts has told brokers at the British Insurance Brokers' Association annual conference that they need to be preparing for the UK's exit from the European Union and analysing their customers’ exposure.
Updated: MPs raise ‘strong concerns’ over whiplash reform
The government’s proposed whiplash reform could lead to significant access to justice concerns, according to a Parliamentary committee report.
UK motorists won’t have to apply for green card after Brexit
Drivers and truckers may not need to apply for a ‘green card’ in order to remain insured while driving in the European Union after Brexit.
Insurance panel calls for stricter fire regulations
A panel of insurers, brokers and loss adjusters has called for stricter fire regulations, on the eve of the publication of the Hackitt review of building regulations and fire safety.
FCA: Client money handling a 'continual focus'
The Financial Conduct Authority advised that oversight of how brokers handle client money is a continual focus at a seminar exploring ‘Customers – at the heart of our business’.
Ageas uses full weather reserves on 'Beast from the East'
Ageas used its full weather damage claims allowance for the year during Q1 2018 after the fallout experienced by the Beast from The East.
Tough times ahead for generalist brokers, says Gallagher retail boss
Exclusive: The current operating environment is one of opportunity for brokers with a specialist offering but it’s tough times ahead for generalist brokers, Gallagher’s retail CEO has said.
FCA to publish report on dual pricing by autumn
The City watchdog will report on its investigation into dual pricing in the autumn, a conference heard.
Nicky Morgan to take brokers’ regulatory concerns before FCA
Chair of the Treasury Select Committee, Nicky Morgan has agreed to take brokers’ regulatory concerns to the financial services watchdog.
Biba's Steve White slams watchdog in call for regulatory stability
Broker trade body calls for a period of regulatory stability as “burdensome and costly regulatory regimes” takes toll on the sector.
Allianz starts transfer of 2000 personal lines brokers to LV
Allianz will transfer 2000 broker partnerships to LV under the terms of the joint venture, starting next month.
One Call enters partnership with US connected homes start-up
One Call Insurance has partnered with US connected home start-up, Roost, in order to roll out IoT products across its home insurance product lines.