News
R&Q issues subordinate notes to support legacy activity in the US
R&Q has issued $20m (£16m) of floating rate S subordinated notes which will be due December 2023 from R&Q Re Bermuda, the group's 3A insurer.
Aviva and Tencent plan Hong Kong digital distribution
Aviva, investment firm Hillhouse Capital and Chinese internet firm Tencent Holdings are combining to offer online life insurance in Hong Kong.
IIS to reward universities which connect students to insurance
The International Insurance Society has designed a certification system for recognising universities that provide risk management and insurance education.
Watchstone set to make loss of £14.9m
Watchstone is expected to make a loss of £14.9m in its full year results.
240 jobs at risk as Zurich restructures UK operations
Zurich UK is to shed 240 jobs as the insurer restructures its UK operations.
Lloyd’s to open India branch ahead of April renewals
Lloyd’s of London is to open a reinsurance branch in India, in time for the April reinsurance renewals.
Lemonade drops 'peer to peer' label just months after launching
Lemonade has said that it no longer classes itself as a peer to peer insurer just months after launching.
SSP says latest outage due to 'routine maintenance'
SSP said the latest outage affecting its system was due to “routine maintenance” at the new data centre.
Brit launches $250m Lloyd's yacht consortium
London market insurer Brit is to lead a $250m (£202m) capacity Lloyd’s consortium for yachts.
Skuld appoints global cargo and marine property head
Marine insurance provider Skuld has appointed Paul Knighton as global head of marine cargo and marine property.
Argo predicts $20m-$25m cat losses in Q4
Argo has pre-announced fourth quarter cat losses ahead of this month’s reporting season.
Accredited Surety and Casualty enters agreement with Cinium Financial Services
Accredited Surety and Casualty Company has entered into an agreement with Cinium Financial Services Corp, which will see the company receiving surety bonds from Cinium.
Co-op censured over failure to meet CMA deadline
Co-op Insurance has been ordered to provide customers with the price of its no-claims bonus protection.
Aviva makes top 100 list of employers for LGBT
Aviva is the only insurer to have made the list of top 100 employers for LGBT staff for the second year running.
Aviva unveils UK restructure
Aviva is combining its life, general and health insurance business together under the leadership of Andy Briggs.
Money Supermarket to see 12% revenue growth as it announces CEO change
Money Supermarket expects to see year on year revenues to grow by 12% to £316m, the group said.
Allianz and Standard Chartered enter Asia GI partnership
Following a competitive tender Allianz and Standard Chartered have agreed a 15 year five country general insurance bancassurance partnership in Asia.
ICO still looking to recover costs against dissolved spam text broker
The director of an insurance broker that was wound up just two days before it had to pay a £30,000 fine could be chased for the outstanding amount.
Judges 'dismayed' by government's whiplash proposals, say it will clog up courts
Whiplash reforms could cause the courts to become gridlocked with unrepresented personal injury victims and lead to higher taxes, judges have warned.
Brightside CIO James Fairhurst to leave the business
Brightside chief information officer James Fairhurst is to leave the broker.
Compre takes on RW Gibbon legacy book
Insurance and reinsurance legacy specialist Compre has acquired a legacy business portfolio from Swiss Re International.
Biba calls on the FCA to address rising regulation costs
The British Insurance Brokers’ Association has called on the Financial Conduct Authority to address the cost of regulation on small brokerages.
Broker fined £30,000 by ICO is wound up a month later
A broker that was fined £30,000 for sending thousands of spam text messages has been dissolved.
French app-based start-up joins insurtech incubator programme
App-based insurtech start-up Cbien has joined as one of the 10 firms on Startupbootcamp’s 2017 programme.