News
This week: All change
It’s all change for the country this morning as Prime Minister Theresa May confirmed she would step down from office after failing to unite MPs on the way the UK should leave the European Union.
Dewsall-owned MGA Hogarth enters liquidation
Hogarth Underwriting is to be wound up and its creditors stand to lose money, according to the final administration report.
Eldon appoints chairman and NED
Arron Banks’ broker Eldon has appointed Link chair Mark Boleat as its chairman, while Martyn Holman joins the broker as a non-executive director.
Generali boss named vice-president of Insurance Europe
Generali general manager Frédéric de Courtois has been appointed vice-president of Insurance Europe and will serve a three-year term in the role.
Keoghs expands into Northern Ireland
Keoghs has joined forces with Belfast-based law firm Caldwell Warner to expand its business into Northern Ireland.
Swinton left with only 20 branches after latest closures
Swinton closed 24 of its high street branches in the first quarter of the year, bringing the total number of branch cuts over the past year to 58.
Ex-Allianz and Axa pair launch 'open source' insurtech
Jon Britton, from Allianz Partners and Stephen Hartshorne, formerly at Axa, have launched an insurtech that draws upon open source data.
BGL launches short-term motor brand Jaunt
BGL Group has launched a new short-term car insurance brand that will allow customers to insure their vehicles for as little as one hour.
Aviva reveals adoption rates of repair portal
Aviva has revealed that four out of five customers choose to manage their repair claims themselves.
British Steel pursues disputed claim and damages against Zurich and others
Mactavish has called for the CEOs of Zurich and Liberty to personally oversee a £30m disputed claim that it says, if paid, could save the company.
Analysis: Collapse of Lamp highlights lessons still to be learned
Gibraltarian insurer Lamp is the fifth unrated carrier to fall over in the past three years. The insolvency once again demonstrates the risks brokers take when they use unrated insurers, industry figures have warned.
Sharing economy insurtech appoints two to management team
Pikl, sharing economy insurtech, has appointed John Bailey and Alison Astell for two newly created senior positions in the company.
Insurance companies urged to develop more dementia-friendly policies
Insurance policies come with technical jargon and are "inaccessible" to dementia sufferers, says the Alzheimer’s Society Charity.
Medco issues warning over government consultation
Changes to Medco proposed in a government consultation could offer too much choice to claimants, the body has warned, potentially creating confusion.
Gibraltar legal expenses insurer declares insolvency
Gibraltar-based unrated insurer Lamp has submitted an application to place the business into liquidation.
Diversity & Inclusion success in Insurance to be celebrated at inaugural Post awards
The Diversity & Inclusion in Insurance Awards will be held in November
Former Ageas claims director Rob Smale joins salvage company
Rob Smale, former claims director at Ageas, has joined the board of motor salvage firm E2E as a non-executive director.
Aston Lark deal gives broker firepower for larger acquisitions
The acquisition of Aston Lark by Goldman Sachs could enable the broker to seek out larger acquisition targets, the company's CEO Peter Blanc said.
Stackhouse Poland MGAs to be absorbed by Pen Underwriting
Two managing general agent businesses acquired by Gallagher as part of its recent purchase of Stackhouse Poland will eventually become part of Pen.
Insurance companies among FSCS list of defaulted firms
The Financial Services Compensation Scheme has released a list of 21 failed regulated firms that defaulted between February and April this year.
This week in Post: Conference, cuts and conservative leadership
This week, along with the rest of the team, I attended the British Insurance Brokers’ Association conference. I knew it would be an action-packed week - but nothing could prepare me for what was ahead.
RSA's hard line on underwriting ‘likely to yield better result’
RSA will likely return to better than expected result this year after making £260m of cuts to business lines, analysts say.
Reg UK completes £2.4m funding round
Due diligence and risk management insurtech Reg UK has completed a £2.4m funding round, which it will use to continue to expands its global sales and business development operations.
David McMillan appointed Esure CEO
Esure has hired QBE’s David McMillan as its CEO with a mandate to fulfil “very ambitious” digital plans for the business, by new owner Bain Capital.