News
Insurers criticised for ‘voiding’ of Irish policies
Insurers have been rebuked for “voiding” policies on the basis of non-disclosure.
Jelf CEO Phil Barton replaced by Anthony Gruppo
Marsh has appointed Anthony Gruppo as CEO of Jelf, as Phil Barton steps down with immediate effect.
Sabre posts £61.9m profit as it predicts 'uncertainty' for 2019
Sabre Insurance group posted a profit before tax of £61.9m for the year ended 31 December 2018, from £53.3m in 2017.
Vince Cable urges Premiership Rugby to review Gallagher sponsorship over UK CEO’s ‘complicated fat Arab’ slur
Liberal Democrat leader Vince Cable has written to Premiership Rugby CEO Mark McCafferty, urging the sport to review its commercial relationship with Gallagher after its UK CEO Simon Matson was revealed to have referred to an employee as a ‘complicated…
Claims Apprentice 2019: Episode 3 - Diversity & Inclusion
With Team Fortitudo emerging successful after the Debate challenge last week, the apprentices now move onto their second task.
Hyperion appoints Rebecca Scott as COO
Hyperion has appointed Rebecca Scott as group chief operating officer.
Lloyd's outlines recovery plan for 2019
Lloyd’s syndicates will continue to face a rigorous performance management regime, as the market seeks to boost its profitability.
Wrisk eyes £3m raise as it looks to launch car insurance
Exclusive: Insurtech Wrisk has launched a crowdfunding campaign to raise £750,000 as part of a series A round, as it gears up to begin offering car insurance.
New claimant sector trade body aims to 'detoxify the compensation culture'
Exclusive: A trade association has been launched to represent businesses that look after customers in the civil justice system, when they make a claim for insurance, injury, negligence and mis-selling.
David Ross denies 'implausible' allegation he tried to hire Matson
David Ross returned to the Royal Courts of Justice yesterday to finish giving evidence in the hearing of a dispute between Gallagher and Ardonagh.
Lloyd’s hit with £1bn loss in 2018
Lloyd’s of London was slammed with another vast loss in 2018, following on from its £2bn loss in 2017.
Industry could face ‘heavy-handed’ regulation if dual pricing isn’t fixed: Citizens Advice Bureau
The industry could see a “heavy handed” approach to dual pricing from the government, if it doesn’t do enough to tackle the issue by itself, the Citizens Advice Bureau warned at Post’s inaugural Reputation event.
Lloyd's will ban perpetrators of sexual harassment for life
Lloyd’s has developed a plan of action to create a ‘safe and inclusive’ working environment, following reports of sexual harassment, which could include lifetime bans for perpetrators.
Former Marsh and JLT employees air concerns over merger
Former employees have expressed concerns over the impact of the Marsh/JLT deal on the market and the brokers themselves, after a former main board director of JLT slated the deal as a potential ‘train wreck’ in a Linkedin blog.
Blackrock ups stake in Direct Line
US asset manager Blackrock has upped its stake in UK insurer Direct Line to 10.13%.
Scor forced to defend its CEO over leaked activist investor proposals
Scor has called on its shareholders to reject resolutions drafted by activist investor CIAM to oust its CEO.
David Ross takes the stand in Gallagher vs Ardonagh trial
David Ross, CEO of the Ardonagh Group, yesterday gave evidence at the Royal Courts of Justice in an ongoing trial between Gallagher and Ardonagh-owned Bishopsgate.
Aston Lark snaps up Dorset broker
Aston Lark has bought personal lines broker Highworth Insurance.
Marsh gets regulatory green light for JLT acquisition
The European Commission has given the green light for Marsh's JLT acquisition.
Zurich ‘temporarily’ pulls out of direct home insurance
Zurich UK has announced it has ‘temporarily withdrawn’ from the direct home insurance market, as it explores other options.
Pukka halts UK branch Brexit plan
Exclusive: Pukka has shuttered a dormant UK branch that would have acted as a contingency if the UK and Gibraltar lost passporting arrangements.
Industry overshadowed by harassment as Dive In marks fifth year
Lloyd’s diversity festival, Dive In, has been confirmed for a fifth year, a day after the market was slammed for an ingrained "culture of sexual harassment".
NFU Mutual reports financial loss of £290m
NFU Mutual has reported a financial loss of £290m in 2018, compared to a profit of £540m the year before.
Brexit could fuel motor price uptick after year of falling premiums
Despite motor insurance premiums falling 6.7% in the past year, data analytics company, Consumer Intelligence, has warned that concerns over Brexit could be causing premiums to creep upwards.