News
China Re snaps up Chaucer from The Hanover
The Hanover has sold Chaucer to China Re for a total price of $950m (£726m).
Axa sees huge spike in cavity wall installation claims - updated
Cavity wall insulation claims exploded last year, with Axa Insurance alone reporting a dramatic increase in the space of seven months.
Guidewire swoops for Aon's global analytics CEO Mang to lead new unit
Former Aon global analytics CEO Paul Mang is joining software provider Guidewire to head up a new analytics unit.
2018 Insurance Marketing & PR Awards: Full list of winners
LV was acclaimed as the Insurance Brand of the Year at last night’s Insurance Marketing and PR Awards
CMCs look elsewhere as industry calls time on travel claims 'epidemic'
The epidemic of holiday sickness claims might be over, but insurers have been warned claims management companies are already moving into new areas to make up for the shortfall in revenue.
Carlyle Group confirms $6.7bn Sedgwick acquisition
Carlyle Group has bought claims firm Sedgwick for $6.7m, the company announced, confirming earlier reports.
Fadata replaces CEO in planned turnaround
Exclusive: Fadata has replaced its CEO amid a planned turnaround for the struggling policy administration firm.
Charles Taylor sees H1 blow from restructuring costs
Charles Taylor saw H1 pre-tax profits fall 95% on the back of one-off restructuring costs.
Insurers will not be forced to pass on whiplash savings
Insurers will not be required to pass on savings from whiplash reform to customers, but they will have to report what those savings are.
Sedgwick eyed by private equity in potential $6bn deal
Claims firm Sedgwick could be snapped up by private equity group Carlyle for $6bn, it was reported.
Primark fire losses could be ‘double or triple’ initial £30m estimate
Exclusive: The losses surrounding the Primark storefront fire in Belfast could be “double or triple” the initial estimates of £30m, sources involved in the claim said.
IPT hike leads to £6bn tax windfall
The government collected £6bn from businesses as a result of the increase in the insurance premium tax, an increase of 22% on the previous year.
Insurers welcome government crackdown on 'cold call sharks'
Insurers have welcomed rules aimed at limiting claims management companies from calling vast swathes of the population.
Incoming Lloyd’s CEO John Neal will start next month
Former QBE CEO John Neal will take over the role of Lloyd’s CEO next month, the Corporation confirmed.
Nexus snaps up Altitude in third deal of the year
Managing General Agent Nexus has completed the acquisition of Altitude Risk Partners from Castel Underwriting.
Karen Beales departs suddenly from UK General
Karen Beales has stepped down “with immediate effect” from her role as CEO of UK General, less than two years into the role.
This month in Post: A way through the whiplash quagmire?
The controversy over the proposed Civil Liability Bill has centred on whether the changes represent a good deal for consumers or for the insurers.
Brokerbility chair calls for a move towards broker fees
Brokerbility chair Ashwin Mistry has called for the market to band together to cut distribution costs and bring in mandatory fees for transactions over £50,000.
John Neal to succeed Beale as Lloyd’s CEO
The former head of QBE, John Neal, is in line to replace Inga Beale as Lloyd’s CEO, it has been reported.
Insurers to be held to account over whiplash savings
A government amendment to planned personal injury reforms could see insurers have to prove to the regulator that they are passing on savings to customers.
Ice Insuretech sees ‘aggressive’ growth following its acquisition by Acturis
Exclusive: Having seen rapid growth, Acturis-owned insurance software provider Ice Insuretech expects to continue growing over the coming year.
Buzzvault targets full gender balance
Buzzvault has launched a campaign to achieve gender balance across its business and in the wider insurtech community.
Lockyers snapped up by Broker Network
Yorkshire-based broker Lockyers is the latest to be bought by Broker Network.
Bluefin Underwriting swept up in Victor rebrand
UK-based managing general underwriter Bluefin Underwriting will rebrand as Victor Insurance.