News
Pool Re extends business terror loss cover
Insurers under the government-backed Pool Re scheme will cover business interruption losses in cases of a terror attack.
Sedgwick looks to further acquisitions following integration of Cunningham Lindsey
Exclusive: Sedgwick has completed its integration of Cunningham Lindsey and is looking at further acquisitions for the coming year.
Insurers face Part VII transfer delays as Brexit looms
Exclusive: The government is mulling an extension to the deadline for insurers to get legal permission to move books of business from the UK to Europe.
711 jobs at risk as Axa XL embarks on next phase of integration
Axa XL has outlined a new target operating model and organisational structure that could see it cut 711 positions for its European workforce.
Analysis: Laspo gets a clean bill of health
Exclusive: The government has carried out a review of the second part of the Laspo reforms it introduced six years ago.
IUA weighs in on consultation over driverless cars
The International Underwriting Association has called for laws on driverless cars that would require drivers to keep their eyes on the road at all times.
AA sees strong motor growth as home ticks back on track
The AA’s insurance arm saw its motor and home books grow in 2018, according to a pre-close trading update.
Brokers nervous on Brexit: Aviva research
Brokers have identified Brexit as their second biggest worry, behind regulation and compliance, Aviva research has shown.
ABI weighs feasibility for ELTO-like tool for child abuse claimants
Insurers will publish a report in April on the feasibility of a tool for victims of child sexual abuse in making claims.
Brolly sees pay out from break-in claim
Exclusive: Brolly was left £15,000 worth of equipment down after a break in at its offices last September, but the insurtech has now been reimbursed by its insurer.
This month: Brace for Boris
As the Brexit negotiations rumble interminably on, it can sometimes feel impossible to imagine life after 29 March. The British Insurance Brokers' Association gave the industry something to look forward to, announcing the keynote speaker for its…
Tributes paid to Kevin Rousell, former claims management boss at MoJ
The former head of claims management regulation at the Ministry of Justice, Kevin Rousell, passed away on 18 January following a battle with brain cancer. He was 54.
Honcho plots series A funding round
Exclusive: Aggregator disruptor Honcho will look to raise more capital through its series A round later this year.
Questgates announces restructuring plans
Questgates is restructuring its business into four operating divisions, citing the need to “remain innovative.”
Willis Towers Watson reports a 36% increase in profits
Willis Towers Watson posted a profit of $695m for the 12 months ended 31 December 2018
Biba faces backlash over Boris Johnson keynote
Exclusive: The British Insurance Brokers' Association faces a backlash from brokers over the decision to make Boris Johnson a keynote speaker at the organisation's annual conference.
CBL hearing delayed again pending last-minute rescue plan
A hearing over the future of beleaguered insurer CBL has been postponed again in order for creditors to explore a rescue plan.
Premier League football clubs turn to insurance as injuries and salaries surge
As top-flight salaries spiral ever upwards, Premier League football clubs are increasingly looking to insurance to lessen the blow of paying players unable to play or train through injury.
Zurich UKGI profit rises despite 'tough' market
Zurich’s UK general insurance arm has seen profits rocket and a marked improvement in its combined operating ratio in its 2018 financial year, following a loss making 2017.
Insurers welcome plans to beef up driverless safety standards
Insurers involved in trialling driverless cars have welcomed government plans to improve safety of testing.
Hiscox leads $58m investment round in Cover Hound
Hiscox has led a $58m (£44.7m) funding round in US-based insurtech Cover Hound
Beazley profits halve as it feels nat cat impact
Beazley saw profits fall 55% last year owing to the continuing affect of natural catastrophe claims on underwriting margins.
Leakbot rival Waterlock trialling with major insurer
Energy sector technology company Geo is trialling its leak detector and preventer, Waterlock, with a "top 10" insurer.
RSA partners with insurtech on government-backed machine learning project
RSA is among the partner organisations working on a new government-funded two-year research programme into the application of machine learning and data analytics for risk modelling.