News
Start-up Acko raises $30m for India digital disruptor
Mumbai-based start-up Acko has raised $30m (£23.3m) in seed funding to launch a digital-only general insurer.
Neos secures £5m Series A investment led by Aviva Ventures
Connected home Insurtech startup Neos has secured a £5m series A investment led by Aviva Ventures.
Competition watchdog investigates Solera over Autodata takeover
The competition watchdog is conducting an investigation into Solera’s acquisition of Autodata.
UK General acquisition receives regulatory approval
JC Flowers has completed its acquisition of UK General Insurance.
AIG’s credit rating affirmed by AM Best as Duperreault gets nod of approval
AIG’s credit rating has been affirmed by AM Best, putting an end to the firm's credit review and removing a potential roadblock to the firm’s profitability.
Insurers at risk of losing two thirds of previous customer data due to GDPR
Insurers will have to delete two thirds of data that they hold on customers and risk losing a vital sales pipeline under the General Data Protection Regulations that come into place on May 2018, according to research from Consumer Intelligence.
Broking giant created from Towergate issues £800m bond offering
The insurance broking giant created from the merger of Towergate and other firms has put out a £800m bond offering and a £90m credit facility.
Live blog: Motor Insurance World 2017
Post's Motor Insurance World, as it happened.
AIA extends Tottenham Hotspur sponsorship
Hong Kong-headquartered Asia life and health insurer AIA has extended its sponsorship agreement with English Premier League club Tottenham Hotspur until the end of the 2021/22 season.
Aviva plans to tackle dual pricing with Ask It Never service
Aviva is planning to tackle the issue of dual pricing with its Big Data-driven Ask It Never service and offer customers a fixed level pricing when they renew their policy.
BC Partners reportedly preparing to sell Sabre
Sabre Insurance is reportedly being sold by private equity firm BC Partners.
Gallagher to dissolve Agent Assure brand
The insurance business from Agent Assure will be incorporated into the wider Arthur J Gallagher group following a strategic review.
GJW transfers marine trade book to NMU as part of restructure
Groves John & Westrup has transferred its book of marine trade business to sister company NMU as part of a strategic restructure implemented by Munich Re.
Tragic hero of Manchester bombing was Aviva employee
One of the victims of the Manchester terrorist attack, Kelly Brewster, was an employee of Aviva, it has emerged.
Former Autofocus employees found guilty of 'systemic' fabrication of evidence
A judge today found seven former Autofocus employees guilty of doctoring credit hire rate evidence to defend insurers in court.
Q&A: Cheryl Agius, L&G
Cheryl Agius was recently appointed CEO of Legal & General's general insurance business. She talks to Post about what GI can learn from retirement and other sectors, and in which areas she's looking to grow the business.
21 Uber drivers arrested in Hong Kong
21 people have been arrested in Hong Kong for driving without insurance and illegally driving a car for hire while working for Uber.
SSP passes Biba's software house review
SSP has successfully completed and passed the British Insurance Brokers’ Association’s Broker Supplier Resilience Assessment visit.
Zurich and Axa close Manchester branches for the day following terror attack
Zurich and Axa have closed their Manchester branches following last night’s terrorist attack on Manchester Arena.
Pool Re will respond to Manchester attack as ‘quickly as possible’
Pool Re will work with its members to resolve any claim arising from the suicide bomb attack in Manchester, the terrorism reinsurance fund has said.
Globe Underwriting enters marine market
UK-based managing general agent, Globe Underwriting, has entered the marine market with the launch of a new marine division.
Liberty Specialty denies reports it has picked Luxembourg for post-Brexit base
Liberty Specialty Markets denied it had already made a decision over the base of its European Union subsidiary, despite reports it has picked Luxembourg for the base.
Vienna Insurance Group sees profits climb by 22%
Vienna Insurance Group saw profits before tax rise 22% in Q1 2017 to €109.6m (£94.6m) from €89.6m in the same period last year.