News
Lemonade in bid to take on Europe
US-based insurtech Lemonade has revealed plans to enter the European market.
Allianz appoints SME director to replace David Martin
Allianz Insurance has appointed Helen Bryant as its new director of SME & corporate partnerships, to replace Zurich-headed David Martin.
Home insurance prices fall despite claims costs
Home insurance prices are cheaper than they were a year ago despite premiums increasing in recent months, according to analysis by Consumer Intelligence.
Ardonagh slices losses by almost half for first nine months of 2018
The Ardonagh Group cut down on its losses for the first nine months of the year, down to £48.9m compared to £92.7m in 2017.
Motor insurers move to allay no deal Brexit green card fears
Motor insurers are preparing to issue potentially millions more green cards in the case of a no deal Brexit.
Subsidence surge sees claims up 300% in 2018
It has been predicted that 2018 won’t be just a subsidence surge year, but one that will see the greatest upsurge in claims over a two year period.
Stackhouse Poland acquires HNW broker
Stackhouse Poland has acquired Hampshire-based high net worth private client broker, Symmetry Private Insurance.
Broker in liquidation Larksway has FCA authorisation pulled
Broker Larksway, which is currently in liquidation, has had its Financial Conduct Authority authorisation removed after the regulator alleged it failed to comply with a Financial Ombudsman Service ruling.
Revealed: Behind the scenes of troubled insurer Qudos’ collapse
Danish unrated insurer Qudos plunged into liquidation yesterday, amid owner New Nordic’s lawsuit alleging that former owners Echelon “fraudulently reported” vital information prior to the 2017 sale of the insurer.
Unrated Danish insurer Qudos plunges into liquidation
The owners of Danish unrated insurer Qudos have placed the business into liquidation, after it ceased to write new business in October.
Zurich hires MD from Allianz
Zurich appoints Allianz’s SME director, David Martin as the managing director of retail.
Former banking chief Garrad joins Axa PPP as healthcare CEO
Tracey Garrad, former HSBC Channel Islands and Isle of Man CEO, is replacing Keith Gibbs as Axa PPP healthcare CEO.
Thatcham appoints Jonathan Hewett as CEO
Thatcham Research has appointed Jonathan Hewett as CEO, replacing Peter Shaw.
Brexit stockpilers face 'huge risk of underinsurance'
Exclusive: Businesses that stockpile goods in preparation for potential Brexit-related disruptions are leaving themselves at risk of being underinsured, brokers have warned.
Sure Thing grows policy count as losses hold steady
Broker Sure Thing has grown its policy count by 12.8%, while making an operating loss of £1.9m in its fourth year of trading.
Digital and Insurtech Awards 2018: Full list of winners
Aviva was declared the Digital Insurer of the Year at the 2018 Digital and Insurtech Awards on Friday 23 November.
Beazley to close Oslo branch next year
Exclusive: Beazley is closing its Oslo office next year owing to “challenging” conditions in the energy market.
Arron Banks’ BBC appearance generated 'thousands' of complaints
Exclusive: BBC data has shown that Arron Banks’ appearance on the Andrew Marr show received 521 complaints during or after transmission, but “thousands” more complained before it was aired according to Newswatch.
Allianz CEO Bäte has contract extended
Allianz's board has extended the contact of global CEO Oliver Bäte until 2024.
This Week: We'll be watching you
At long last, the Civil Liability Bill cleared its final parliamentary hurdle this week, opening the way for a much-awaited review of the personal injury discount rate.
Hiscox claims director to retire next year
Jeremy Pinchin, Hiscox group claims director, will retire at the end of February 2019, after 13 years at the company.
MIB working with Aon to secure £400m of terrorism reinsurance cover
The Motor Insurers' Bureau hopes to secure £400m worth of reinsurance cover with an excess layer of £100m, ahead of the demutualisation of terrorism risks for third party motor on the 1 January 2019.
Folgate assigned rating ahead of relaunch
Folgate, which will relaunch as an insurer next month, was assigned a financial strength rating of B from AM Best.
Insurers cast doubt on impact of ‘cycling awareness’ scheme on premiums
Insurers have cast doubt over the viability of government proposals to reduce insurance premiums for motorists who have signed up to a cyclist awareness course.