News
ABI launches legal challenge over discount rate review
The Association of British Insurers launched a legal challenge of the Lord Chancellor’s decision to review the discount rate for personal injury damages.
Cigna appoints John Kaye as managing director
Cigna Global Health Benefits Europe has appointed John Kaye as managing director, Europe, for its Global Health Benefits business.
Aviva claims director joins IFB board
Rob Townend, Aviva’s claims director for UK general insurance, has joined the board of the Insurance Fraud Bureau.
FCA admits its email system was 'spoofed'
The Financial Conduct Authority said it issued a fake email to its mailing list on Friday.
Insurers face 'highly challenging period', says AM Best
The insurance industry is entering a highly challenging period in its history, according to new research from AM Best.
EU data regulations 'inevitable' in UK despite Brexit
The UK could adopt a similar regulatory framework as the EU's General Data Protection Regulation even after Brexit, say industry lawyers.
Brit owner Fairfax buys Allied World for $4.9bn
Canada’s Fairfax Financial is to buy insurance giant Allied World for $4.9bn (£3.9bn).
Post People: 19-23 December
The latest people moves from the insurance industry.
Gallagher buys US E&O programme manager
Arthur J Gallagher is to buy California-based National Ethics Bureau for an undisclosed sum.
RSA appoints Hunn as business development director
RSA has appointed Kevin Hunn as business development director in its intermediated personal lines division.
Insurers cannot wait for government to lead on Brexit strategy
The UK's insurers cannot wait for government to take the lead on Brexit strategy, according to Ashley Prebble, an insurance partner at Clifford Chance.
Cold call reporting leads to ICO raids
A business and two homes in Macclesfield and Heald Green were searched by Information Commissioner’s Office officers today.
206,000 Enterprise policies transferred to new insurer
Motorway Direct and NCI Roadside Assistance have transferred 206,000 Enterprise policies to new insurers with effect from 14 December.
Pioneer launches renewable energy team
Pioneer has launched a renewable energy underwriting team led by Warren Diogo.
Insurers hold up under ‘extreme’ EU stress tests
Insurers have held up under “very severe” circumstances as part of a Europe-wide market stress test.
Clark Thomson doubles staff number with Glasgow expansion
Clark Thomson Insurance Brokers has expanded its Glasgow office, doubling the size of its work space and staff numbers.
BP Marsh takes a further 6.87% stake in Nexus
BP Marsh has acquired a further 6.87% in Nexus Underwriting for £4m.
Skuld reports $16m bottom line
Marine insurance provider Skuld has reported bottom-line results of $16m (£12.8m) for the nine months of the financial year 2016/17 ending 20 November.
Cyber insurance market has 'hit a fork in the road' in 2016
Cyber policy writing has reached a ‘fork in the road’ as the industry is pulling in different directions when it comes to policy cover.
Lloyd's to unveil plans for EU move in the new year
Lloyd’s of London will create an office somewhere within the European Union in a move to divert some of its operations to the continent as a result of the UK's Brexit vote.
Yahoo admits 1 billion accounts hacked
More than a billion Yahoo users have had their information stolen in a “state-sponsored” hack, the largest of its kind in history.
Hiscox CUO sells £505,000 shares in company
Hiscox’s chief underwriting officer has sold shares in the company worth £505,000.
Shadow Justice Secretary urges whiplash reform deadline extension
Shadow Lord Chancellor Richard Burgon MP has written to Justice Secretary Elizabeth Truss MP urging her to extend the whiplash consultation deadline, Post can reveal.
Mixed reaction from market over Lloyd’s subscription cuts
The London Market has expressed a mixed reaction to planned changes to fees paid by market members to the Corporation of Lloyd's.