News
Market must use consortium model to attack expense base, says Hiscox chair
Carriers in the London market must work together in consortiums to spread risk, combat rising expenses ratios and mitigate underwriting pressures, Hiscox chairman Robert Childs said.
Sabre mulling price increases in light of claims inflation
Sabre will raise premium prices in the second half of the year, owing to increased market-wide claims inflation.
Markerstudy creates COO role and makes key promotions
Markerstudy has appointed Dan Fiehn to the newly created role of COO.
Primary and Arch back Q3 launch of McNamee's insurtech C-Quence
Insurance investment vehicle Primary Group has today been revealed as the backer for the new digital-enabled managing general agent to be launched by former AIG UK CEO Jacqueline McNamee in autumn this year.
Covéa partners with blockchain service provider
Covéa has chosen to partner with blockchain platform Blocksure and will use it alongside its legacy systems.
Hiscox Retail helps drive 27% boost in group profit at H1
Hiscox saw pre-tax profit climb 27% to $164m (£125m) in the first half of 2018, with the insurer’s retail arm contributing more than half of that figure.
Andy Watson succeeds Amanda Blanc as ABI GI chair
Andy Watson will replace Amanda Blanc as chair of the Association of British Insurers’ General Insurance Council.
Innocent Smoothie founders lead By Miles's £1m fund raising
Pay-by-mile car insurance provider By Miles has swept up a £1m investment in a round led by Jam Jar, the venture capital arm of the founders of Innocent Smoothies.
This week in Post: Insurance industry captures the heart and mind of at least one Millennial
Two years ago, when I told my friends that I got a job as an insurance journalist, they were baffled. They still are.
Gallagher CEO welcomes modest rate increases as broker delivers growth in H1
Gallagher saw its net earnings climb to $3.43bn for the first half of 2018, up 27% from $3.07bn in the same period in 2017.
Fresh regulation inquiry launched into Quinn Insurance
An inquiry into Quinn Insurance Limited is to be conducted after its alleged regulatory breaches came to light in 2015.
Q&A: Malcolm Hyde, CILA and FUEDI
After working with the European Federation of Loss Adjusting Experts for a number of years, Malcolm Hyde has taken on board the role as president.
JLT makes plan for a no-deal Brexit scenario
JLT has said that carrying more bolt-on acquisition in the European Union is ‘entirely possible’ and that it is executing business operations in preparation for a no deal Brexit scenario.
Lancashire sees premiums and profit dip at Q2
Bermuda-based Lancashire saw profits slip 15% and gross written premiums dive 4.3% in the second quarter of 2018.
Bupa expands dental network
Bupa has acquired nine dental practices, bringing the total number of sites acquired so far this year to 14.
Aston Lark eyes acquisitions as first post-merger results reveal 6% revenue growth
Aston Lark has reported a 6% revenue increase in its first set of financial results since the merger of Lark Group and Aston Scott.
Hyperion CFO to step down
Oliver Corbett will step down from his role as Hyperion CFO at the end of the year.
Ageas: No ‘indication of concrete interest’ from Fosun on takeover bid
Ageas Group claims to have had “no indication of concrete interest” of a takeover bid from Fosun, despite reports that the Chinese multinational is eyeing the insurer.
Hiscox hires new CUO from Zurich
Hiscox has appointed Zurich’s EMEA claims director as its new UK and Ireland CUO.
Legal & General makes broker appointments
Legal & General has made several senior promotions within its general insurance division, as part of its strategy to grow its broker business.
Rising Star: Ryan Field, Morgan Clark
Ryan Field is a loss assessor and found being thrown into a surge situation challenging but good experience
Chubb makes headway with post-Brexit preparations
As part of their Brexit preparations, Chubb European Group and ACE Europe Life have both converted to Societas Europaea.
Whiplash reform 'should be delayed further' if testing reveals problems
Whiplash reforms should be delayed still further if testing proves the system is inaccessible for people unable to access the internet, MPs have warned.
Former Lloyd's chairman calls for second referendum on Brexit
Former chairman of Lloyd’s John Nelson has called for a second referendum on Brexit, urging UK business to galvanise the public to understand “the true realities” of what the UK is facing.