News
Home insurance insurtech Buzzvault launches
Insurtech Buzzvault, which claims to offer the ‘world’s first truly personalised home insurance policy’, launched today.
CBL Corporation expected to be placed in liquidation, sees further delays to watershed meeting
The New Zealand High Court has granted a further application by CBL Corporation administrator Kordamentha to push back a watershed administration meeting to February 2019, though it is expected the corporation will be placed into liquidation.
Trust Re ratings withdrawn due to financial statement delays
AM Best and S&P have withdrawn their financial strength ratings for Bahrain-based Trust Re, due to delays in the reinsurer publishing its financial statements for 2017.
Government call for evidence over discount rate revision
The government has launched a call for evidence ahead of a review of the current discount rate.
Gallagher acquires South West commercial broker
Gallagher has acquired Devon-based commercial insurance broker Pavey Group, in its fourth acquisition of the year.
Brightside winds up lawsuits under Brendan McCafferty
Brightside had been battling for payouts from two legal claims, but is no longer engaged in any litigation under CEO Brendan McCafferty.
Penny Black's social world: December 2018
Charity nominations and mayoral perambulations
Jacqueline Legrand steps down as Brokerslink CEO after less than a year
Brokerslink CEO Jacqueline Legrand has resigned from her post, effective immediately.
Analysis: How most favoured nation clauses fell out of favour
The Competition and Markets Authority last month provisionally found Compare the Market in breach of the competition law due to clauses included in its contracts with home insurers, which limit the price insurance providers can charge for their products…
GRP to add two more regional ‘hubs’ next year
GRP is on the hunt for two more large regional brokers to act as hubs in Essex and the Midlands, respectively.
ABI confirms summer heatwave caused record-breaking subsidence surge
The third quarter of 2018 saw a 350% surge in subsidence claims – the highest since records began 25 years ago – figures from the Association of British Insurers reveal today.
Aviva promises to 'reinvent' insurance and end dual pricing
Aviva will sell motor and household lines through a platform that will "reinvent" the way insurance is sold and tackle the issue of dual pricing.
Finch Group snaps up Southampton-based broker
Broker Network partner Finch Group has bought Specialist Insurance Agency.
Brightside hiring COO with departure of David Sweeney
Brightside is hiring a chief operating officer now that managing director of insurance David Sweeney has left the Bristol-based broker.
Gallagher opens new Eastern regional office
Gallagher has opened a new office in Ipswich, bringing together teams from its existing branch in the city and the team from its now-closed Feering branch.
Biba renews Lloyd's syndicate as holiday travel scheme provider
Biba has renewed its partnership with the DTW1991 syndicate at Lloyd’s, which will continue to provide its holiday travel scheme for another three years.
Government-funded training scheme set for 2019 launch
Wiser Academy, a training provider started by personal lines broker Be Wiser Insurance, plans to launch a new co-funded training programme for the insurance sector.
Jersey insurer investigated for suspicious accounts
The Jersey Mutual Insurance Society is being investigated after ‘historic accounting activities’ were uncovered.
Home Repair Network gets investment from VC firm
A US-based venture capital firm has invested in Home Repair Network.
Analysis: The Arron Banks show
No stranger to controversy, Arron Banks is back in the news and under the spotlight with allegations and appeals
Government moves a step closer to combustible cladding ban
As regulations for the combustible cladding ban for new and high-rise buildings progress in government, insurers say that they do not go far enough.
This week in Post: Another unrated insurer bites the dust
Hooking the headlines this week, Danish unrated insurer Qudos was placed in liquidation by its owner.
Plant theft claims on the rise as insurer reports 55% increase since 2013
Exclusive: Plant theft claims are to hit an all-time year high in 2018, Allianz has predicted.
Insurers make strides in digitising claims and renewals
Many more insurers are allowing customers to renew policies, make claims notifications and track claims digitally compared to last year, according to research by Altus Consulting.