News
IUA weighs in on consultation over driverless cars
The International Underwriting Association has called for laws on driverless cars that would require drivers to keep their eyes on the road at all times.
AA sees strong motor growth as home ticks back on track
The AA’s insurance arm saw its motor and home books grow in 2018, according to a pre-close trading update.
Brokers nervous on Brexit: Aviva research
Brokers have identified Brexit as their second biggest worry, behind regulation and compliance, Aviva research has shown.
ABI weighs feasibility for ELTO-like tool for child abuse claimants
Insurers will publish a report in April on the feasibility of a tool for victims of child sexual abuse in making claims.
Brolly sees pay out from break-in claim
Exclusive: Brolly was left £15,000 worth of equipment down after a break in at its offices last September, but the insurtech has now been reimbursed by its insurer.
This month: Brace for Boris
As the Brexit negotiations rumble interminably on, it can sometimes feel impossible to imagine life after 29 March. The British Insurance Brokers' Association gave the industry something to look forward to, announcing the keynote speaker for its…
Tributes paid to Kevin Rousell, former claims management boss at MoJ
The former head of claims management regulation at the Ministry of Justice, Kevin Rousell, passed away on 18 January following a battle with brain cancer. He was 54.
Honcho plots series A funding round
Exclusive: Aggregator disruptor Honcho will look to raise more capital through its series A round later this year.
Questgates announces restructuring plans
Questgates is restructuring its business into four operating divisions, citing the need to “remain innovative.”
Willis Towers Watson reports a 36% increase in profits
Willis Towers Watson posted a profit of $695m for the 12 months ended 31 December 2018
Biba faces backlash over Boris Johnson keynote
Exclusive: The British Insurance Brokers' Association faces a backlash from brokers over the decision to make Boris Johnson a keynote speaker at the organisation's annual conference.
CBL hearing delayed again pending last-minute rescue plan
A hearing over the future of beleaguered insurer CBL has been postponed again in order for creditors to explore a rescue plan.
Premier League football clubs turn to insurance as injuries and salaries surge
As top-flight salaries spiral ever upwards, Premier League football clubs are increasingly looking to insurance to lessen the blow of paying players unable to play or train through injury.
Zurich UKGI profit rises despite 'tough' market
Zurich’s UK general insurance arm has seen profits rocket and a marked improvement in its combined operating ratio in its 2018 financial year, following a loss making 2017.
Insurers welcome plans to beef up driverless safety standards
Insurers involved in trialling driverless cars have welcomed government plans to improve safety of testing.
Hiscox leads $58m investment round in Cover Hound
Hiscox has led a $58m (£44.7m) funding round in US-based insurtech Cover Hound
Beazley profits halve as it feels nat cat impact
Beazley saw profits fall 55% last year owing to the continuing affect of natural catastrophe claims on underwriting margins.
Leakbot rival Waterlock trialling with major insurer
Energy sector technology company Geo is trialling its leak detector and preventer, Waterlock, with a "top 10" insurer.
RSA partners with insurtech on government-backed machine learning project
RSA is among the partner organisations working on a new government-funded two-year research programme into the application of machine learning and data analytics for risk modelling.
Boris Johnson to deliver keynote at Biba 2019
Boris Johnson will be the keynote speaker at the British Insurance Brokers’ Association annual conference.
RSA UK CEO Steve Lewis departs the business
RSA’s former chief financial officer, Scott Egan is now RSA UK and International CEO, effective from today.
GRP buys Peter Cullum-owned TIL
Global Risk Partners has acquired Peter Cullum-owned Trimulgherry Investments for an undisclosed sum.
Zego eyes up Europe with French MGA deal
Gig economy broker Zego will target transport services across Europe, following a deal with La Parisienne Assurances.
Beazley creates cyber and executive risk division
Beazley has created a cyber and executive risks division, which will manage over a quarter of the its premium revenue.