News
Video: RSA's Kenny Leitch on driverless cars
Last week government ministers launched the UK’s driverless car trials in the Royal Borough of Greenwich - the location of one of the government backed projects which RSA is the insurance partner for.
Canterbury earthquakes could cost Lloyd's £2.8bn
Lloyd's has paid out NZ$4.2bn (£2bn) for the 2010 and 2011 Canterbury earthquakes in New Zealand and estimates a further payout of NZ$1.6bn.
Brit to operate on 'decentralised basis', says Fairfax CEO
Fairfax Finance CEO and chairman Prem Watsa has hailed Brit's "outstanding" 10 year track record Following the firm's 305p a share offer for the insurer.
Apollo and CVC accept Fairfax's £1.22bn Brit bid
Toronto-based Fairfax Financial has made an all cash offer for all the shares of specialist insurer Brit Insurance.
Towergate restructuring deal expected to conclude in March
The consensual restructuring agreement between Towergate’s senior secured and senior unsecured lenders has received binding agreement from more than 75% of both sets of creditors by value.
Insurance sector not responding to SMS demand
Insurers are failing to respond to significant demand for text-based communications, according to a new industry report into how customers want to be contacted.
Moody's tips Towergate Finance for potential upgrade
Moody's has placed the 'CAA2' ratings on Towergate Finance's senior secured notes and revolving credit facility on review pending a potential upgrade.
Steadfast buys underwriting agencies and broker from QBE
Australian insurance group Steadfast has bought two underwriting agencies and a broker from Australian giant QBE for A$290m (£147m).
Insurers urged to seize 'opportunity' as driverless cars hit UK roads
The emergence of driverless car technology should be viewed as an “opportunity not a threat” by motor insurers, despite prospective further reductions in premiums.
Clear Insurance Management acquires Hibbert
Independent broker Clear Insurance Management has snapped up J H Hibbert.
Davies builds Irish footprint with Associated acquisition
Davies Group has acquired Irish loss adjusting and claims management business Associated Loss Adjusters.
Lloyd's approves Equinox's Dutch office
Lloyd's has officially approved cover holder Equinox Global's Netherlands office.
CPP's AIM move raises £20m
CPP Group has shifted to trading on the London Stock Exchange AIM Market with the placing raising £20m for the company.
Dutch group sells insurance arm to Chinese insurer
SNS Reaal, a troubled Dutch government owned bank and insurer, has agreed to sell its insurance arm to Anbang Insurance.
$1bn stolen from banks in cyber attack, says security firm
Security firm Kaspersky Lab has estimated $1bn (£648m) has been stolen from around 100 banks and financial institutions since 2013 in an ongoing cyber attack.
Snowball eyes next role after Suncorp
Patrick Snowball is ready for a new challenge after he leaves Suncorp later this year.
ABI slams government’s lack of young driver reforms
The Association of British Insurers has criticised the government’s lack of action on young driver reforms for “putting young lives at risk and increasing the cost of motor insurance for young drivers unnecessarily”.
Insurers clamour for industry standard on premium comparison
There is a groundswell of support among insurers to establish an industry standard on premium comparison at renewal after Axa broke ranks to introduce such a scheme for personal lines customers.
LMA issues TRIA guidance note
The Lloyd's Market Association has issued a guidance note to the London insurance market on Terrorism Risk Insurance Act legislation.
Video: Ifed head DCI Angie Rogers
Insurance Fraud Enforcement Department boss Detective Chief Inspector Angie Rogers tells Post news editor Callum Brodie about her vision of the fraud landscape and why prevention is better than cure.
Q&A: Ifed head DCI Angie Rogers
In her first interview since becoming head of the City of London Police's Insurance Fraud Enforcement Department, Detective Chief Inspector Angie Rogers unveils her agenda for the fight against insurance fraud.
Mesothelioma tariff increase should not affect overall cost for insurers, says DWF
The government’s decision to increase the Diffuse Mesothelioma Payment Scheme tariff to 100% of average civil compensation should not increase the cost burden for insurers, according to law firm DWF.
Ex-Gallagher CFO Mugge follows Ross to Sierra
Former Arthur J Gallagher International chief financial officer Mark Mugge has been appointed CFO of Sierra Investment Holdings, the investment vehicle bidding for Towergate.
JLT sells 26.2% stake in French associate
Jardine Lloyd Thompson Group has sold its 26.2% stake in Milestone, the holding company of Siaci St Honoré, the broker's French Associate.