News
Towergate to make 176 roles redundant with Manchester retail unit closure
Towergate will close its retail unit in Manchester putting 176 jobs at risk of redundancy.
Digital motor insurance policies worth €15bn by 2020
Digitally-enabled motor insurance policies in Europe could potentially be valued at €15bn (£13bn) by 2020, according to Deloitte.
IDT911 re-brands as Cyber Scout amid international expansion
IDT911 has re-branded to Cyber Scout as it looks to expand globally.
Walker replaces Lee as Hastings MD
Hastings has appointed David Walker as managing director for insurer service, following Michael Lee’s departure last month.
Helvetia Insurance to invest £44m in start-ups
Helvetia Insurance is launching its own venture fund for investments in start-ups, with an aim of driving forward digitisation.
Business interruption is top business risk in 2017
Business interruption continues to come top of the risk rankings as businesses fear the impact of market uncertainties and political perils, according to a report from Allianz.
Pardus launches Lloyd's backed contingency facility
Managing general agent Pardus has launched a contingency facility.
Companies braced for year of uncertainty, says Allianz's Fischer Hirs
Chris Fischer Hirs, CEO of Allianz Global Corporate Specialty, has said companies worldwide are bracing for unpredictable changes this year.
PICC's vice chairman under investigation, says report
The vice chairman and president of PICC Wang Yincheng has been taken away by Chinese authorities for investigation according to financial media site Caixin.
Lemonade's three-second claim settlement raises fraud concerns, experts say
As the UK insurance industry grapples with the task of making the claims process slicker, US start-up Lemonade has declared its ‘world record' claims settlement time of three seconds.
Markerstudy cancelled MGA capacity deals due to ‘conflict of interest’
Markerstudy said the decision to withdraw capacity for managing general agents was due to a potential “conflict of interest”.
Hyperion poised for further acquisitions as revenue climbs
Hyperion CEO David Howden has told Post he expects the group to break the half billion revenue barrier in 2017 following strong 2016 results.
PWC appoints Jim Bichard as UK insurance leader
PWC has appointed Jim Bichard to lead its UK insurance practice.
Hyperion reports strong growth despite losses
Hyperion Insurance saw group revenue increase by 45% in 2016, up to £434m from £299m in the previous year.
Octo signs ‘telematics ecosystem’ deal with LV Broker
Octo has signed a deal with LV Broker to provide a “full telematics ecosystem”.
XL expects $75m loss from 2016 New Zealand earthquake
XL's preliminary net natural catastrophe loss estimate for the fourth quarter of 2016 is approximately $245m (£200m).
PIB completes acquisition of Thistle Insurance
PIB Group has completed its acquisition of Thistle Insurance Services from JLT.
Towergate MGA signs £45m capacity deal with Axa
Towergate has shifted the majority capacity provider for its farm managing general agent from RSA to Axa.
Industry welcomes government's position on driverless cars
The industry has welcomed the government’s response to last year’s driverless car consultation.
Go Compare success owing to opera singing advert, CEO says
The success of Go Compare's opera singing advert, Gio Compario, and low operating costs were factors behind the price comparison site's success, says Matthew Crummack, Go Compare CEO.
ICO fines RSA £150,000 after significant data theft
The Information Commissioner’s Office has fined RSA £150,000 following the loss of the personal information of nearly 60,000 customers.
Biba launches product recall scheme through CFC Underwriting
The British Insurance Brokers’ Association has launched a Product Recall scheme through its member CFC Underwriting.
Aon launches 'Brexit Navigator'
Aon has launched Brexit Navigator, a solution designed to help organisations quantify the impact of Brexit on business.
Global Maritime brings Eagle Lyon Pope back to market
Global Maritime has re-launched Eagle Lyon Pope, its ports and shipping, marine casualty investigation and loss adjusting division.