News
Ardonagh linked with proposed Saga sale of Bennetts
Exclusive: Saga is looking to divest its interest in bike broker Bennetts, with Ardonagh touted as one of the potential suitors.
GRP-backed brokers Lonmar and Ropner to merge
Lloyd’s brokers Lonmar and Ropner will merge at the end of the month under the Lonmar brand.
Finch-owner triples size in UK market with ICB acquisition
ICB Group joins Finch as part of the Verlingue Group, effective from today.
DLG’s operating profit slides as insurer is hit with weather claims
Direct Line Group saw operating profit slide in the first half of 2018, as it was hit by weather-related claims.
Paul Geddes to step down from Direct Line
CEO Paul Geddes will be leaving Direct Line Group in the summer of 2019.
Interview: Jonathan Davidson, Financial Conduct Authority
Insurance has come under fire for the way it prices policies. Jonathan Davidson, director of retail at the Financial Conduct Authority, discusses the problem with Martin Croucher
Latest GRP broker will seek acquisitive growth
GRP has acquired a majority stake in DCJ Group Insurance and Risk Management, for an undisclosed sum.
Sabre to target insurtech distribution
Motor insurer Sabre is looking to add insurtech platforms to its distribution model.
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.