News
Jon Dye to join QBE from Allianz
Former Allianz UK head of commercial motor, Jon Dye will join QBE as its director of motor for the UK.
Esure founder was one of the top ten UK taxpayers last year
Sir Peter Wood, founder and chairman of Esure, paid £53.7m in tax last year, according to the Sunday Times’ tax list.
This week: Tackling pale, male and stale
Diversity topped the agenda this week with Post exclusively revealing that the Association of British Insurers is backing an ethnicity pay gap reporting proposal.
UK inks insurance free trade deal with Switzerland
Insurance sectors in the UK and Switzerland will continue trading freely with one another after Brexit, following a trade agreement signed at the World Economic Forum in Davos yesterday.
Tapoly seeks £2m of investment as it sets its sights on global expansion
Exclusive: The founder and CEO of insurtech start-up Tapoly, Janthana Kaenprakhamroy has called out the insurtech investment community for overlooking the potential of female founders, as it raises funds aiming for £2m to grow its product and technology…
Lemonade wrestles down losses despite California exposure
Lemonade reduced its loss ratio to 99% in Q4 of last year, despite exposure from the California wildfires.
Allianz UK sheds CIO in restructure
Exclusive: Jacob Abboud, Allianz UK’s chief information officer, has left his role following the merger of the company's IT and operations teams.
ABI tracker shows fall in motor premium
The cost of motor insurance fell last year for the first time since 2014, according to statistics from the Association of British Insurers.
CII launches Society of Claims Professionals
Exclusive: The Chartered Insurance Institute has launched a dedicated professional body for people who work in claims.
Ageas to outsource IT operations amid wider restructure
Ageas UK intends to outsource the majority of its IT infrastructure and operations to a third party supplier.
Ageas office closure follows end of Vauxhall contract
Ageas will cease writing new business for Vauxhall from May this year.
Ed placed two thirds of business using PPL
Ed has backed calls for a league table of brokers using electronic placement.
Axa Partners launches travel insurance on Wechat
Axa Partners has launched its end-to-end travel insurance service on Chinese mobile communication platform Wechat, which has over one billion users.
Ageas to close Port Solent and Stoke operations
Ageas intends to close its Port Solent office by June 2019 and its Stoke office by June 2020, and expects to close its sales and service operations in Eastleigh.
Ethnicity pay gap reporting to pose 'challenges' for insurers if made mandatory
Exclusive: Insurers have welcomed the Association of British Insurers’ backing of ethnicity pay gap reporting, but data collection may pose a challenge for firms if the government mandates it.
ABI backs ethnicity pay gap reporting proposals
Exclusive: The Association of British Insurers has backed proposals to introduce ethnicity pay gap reporting.
Bupa acquires nine dental practices across UK and Ireland
Bupa Dental Care has acquired nine dental practices across the UK and the Republic of Ireland, taking its tally of new acquisitions in the last year to 23.
Axa UK appoints COO from Hiscox
Shali Vasudeva has been nominated as chief operating officer of Axa UK, in a newly created role, subject to regulatory approval.
Qatar Re ‘not involved’ in Markerstudy's £185m Co-op deal
Qatar Re had no role in the financing of Markerstudy’s £185m acquisition of Co-op Insurance.
Car and home premiums increase over last quarter
Both car and home insurance premiums rose over the final quarter of 2018 according to the AA.
Ex-Towergate boss appointed MD of GRP’s Green Insurance
Former trading director of Towergate’s SME division, Rob Ashburn has joined GRP’s Green Insurance as managing director.
Markerstudy buys Co-op Insurance for £185m
Co-op has sold its underwriting business to Markerstudy for £185m.
Aston Lark signals Ireland ambitions with acquisition of Robertson Low
Aston Lark has acquired Irish broker Robertson Low, making the Dublin-based company its first international purchase as the group looks beyond the UK.
Majority of cyber policies are 'flawed'
Mactavish has warned that the majority of specialist cyber insurance policies contain significant flaws that could precipitate disputed claims and lower-than-expected settlements.