News
Open GI completes Biba software house review
Open GI is the first software house to complete an independent review by the British Insurance Brokers’ Association.
LMA leads industry call for data protection law change
The Lloyd’s Market Association has coordinated an industry response calling for the Information Commissioner's Office to change its guidance over incoming data protection rules from the European Union.
IFB opens up data sharing programme to solicitors and investigators
The Insurance Fraud Bureau has opened up its membership to insurance solicitors, investigators, loss adjusters and third party administrators.
Davies makes first acquisition since private equity investment
Davies Group has acquired regulatory services business Cynergie UK, its first deal since gaining a new equity backer.
Post People: 3 - 7 April
The latest people moves in the industry.
Ex-Zurich head of sales joins GRP Broking
Chris Sime has left Zurich to head up business development at GRP Broking, the specialist investment vehicle for brokers and managing general agents.
QBE and Proteus to work with Steadfast for marine
Australian broking group Steadfast has signed an agreement with marine underwriting agency Proteus and insurance giant QBE for marine lines.
Businesses and households suffer after Cyclone Debbie
Last week's category 4 Cyclone Debbie has left a trail of destruction meaning thousands of claims for insurers and reinsurers.
Stackhouse Poland acquires Quantum Underwriting Solutions
Stackhouse Poland has acquired specialist provider of high net worth insurance services, Quantum Underwriting Solutions.
Former Independent staff hit with further delays to redundancy payouts
Former employees of Independent Insurance have been hit with delays to redundancy payouts that were expected to be announced on Friday.
Grahame Chilton: Gallagher growth will be ‘stronger post-Brexit’
Arthur J Gallagher’s long-term growth will be stronger following Britain’s exit from the European Union, Grahame Chilton CEO of Gallagher International said.
Crash for cash scammers sentence following private investigation
Two crash for cash scammers have been sentenced following a private investigation that revealed £32,000 fraud.
Insurers face ‘eye-watering’ bill from discount rate changes in Scotland
Insurers face an “eye watering” bill from the decision by the Scottish government to adopt the UK’s revised discount rate.
Two thirds of former Kwik Fit staff find new jobs
Two out of three workers affected by the Kwik Fit Uddingston site closure have found new jobs, according to a Scottish government study.
Insurtech start-ups graduate from Accenture incubator
A series of insurtech start-ups have completed the Accenture Innovation Lab programme and are set to begin their seed funding rounds.
Aviva Asia creates Asia regional CEO role
Aviva Asia has appointed the regional executive for Indonesia and Vietnam Randy Lianggara as regional CEO for China, Indonesia and Vietnam.
ICA extends Cyclone Debbie catastrophe declaration to New South Wales
The Insurance Council of Australia has expanded its catastrophe declaration associated with Cyclone Debbie and its aftermath beyond Queensland to northern New South Wales.
Defective products are leading liability loss, says Allianz
Commercial insurer Allianz Global Corporate & Specialty has identified defective products and work as the leading global liability loss by studying the total value of claims over a five year period.
Brussels move will affect fewer than 100 staff at Lloyd's
Lloyd’s of London anticipates fewer than 100 staff will be needed to operate its European post-Brexit subsidiary, chief financial officer John Parry said.
Half of insurtech investment is in artificial intelligence and IoT
Investment into insurtech increased by more than 50% globally to nearly £15m last year, with the majority of deals involving artificial intelligence, a report found.
Insurers to be hit with transparency rules from this weekend
Insurers will be forced from this weekend to conform to tough transparency rules over policy renewals.
Truss launches Ogden rate consultation
Elizabeth Truss, Secretary of State for Justice, has launched a six-week consultation on the discount rate.
Lloyd’s sees underwriting hit following £2.1bn major losses
Lloyd’s has seen underwriting profits slip on the back of major claims of £2.1bn last year.
Lloyd’s confirms Brussels as post-Brexit destination
Lloyd’s has confirmed it will be setting up a new European business in Brussels following the government’s decision to invoke Article 50.