News
PIB snaps up second specialist childcare broker
PIB has continued on its trail of acquisitive growth, snapping up another childcare insurance broker.
Insurers increase cyber security spend
Insurance firms invested 85% more in cyber security during 2017-18 than during the previous financial year.
ABI calls for tougher building regulations in wake of Grenfell tragedy
The Association of British Insurers has reiterated its call on a ban of flammable cladding on high rise buildings and called on building regulators and legislators to learn from the past and mandate sprinkler systems in new build tower blocks.
Bought by Many gains £15m in series B funding
Bought by Many has closed a £15m series B funding round led by Commerz Ventures and Marsh, alongside existing investors.
Zurich gets HNW boost with completion of Oak purchase
Zurich has completed its acquisition of Oak Underwriting from RSA.
Cullum firm snaps up commercial business
Peter Cullum-owned Trimulgherry Investments has purchased Hurst Group’s commercial business and will be creating a new broker.
Neon launches Copenhagen-based marine business
Neon has launched Orca Insurance Agency, a Lloyd’s approved coverholder which will underwrite Nordic marine business on behalf of Neon Syndicate 2468.
Post editor Stephanie Denton wins overall Biba journalist of year award
Post editor Stephanie Denton won overall journalist of the year award, in a year which saw the publication pick up 10 nominations.
Questgates subsumes TS Adjusting in property restructure
Exclusive: Questgates will incorporate Northampton-based TS Adjusting under its existing brand, as part of a restructure of its third party property damage services.
Darag names Booth as Group CEO
Legacy book acquirer Darag has named Tom Booth as Group CEO, effective 23 July 2018.
Cold calling broker fined £70,000
The Information Commissioner's Office has fined insurance broker Our Vault £70,000, after the company made 55,534 unsolicited marketing calls.
Inga Beale to leave Lloyd’s next year
Lloyd’s has confirmed Dame Inga Beale will step down her role as CEO next year.
Industry welcomes progress as whiplash laws pass through Lords
Laws to curb whiplash claims have passed through the House of Lords, the first step toward ending what the industry describes as Britain's 'compensation culture'.
AIG cyber specialists handle 'one cyber attack per day'
AIG has reported that its cyber specialist team is handling at least one cyber attack every day, and has seen as many claims notifications in 2017 as in the previous four years combined.
Flood Re to reduce premiums from beginning of 2019
Flood Re has said that it will be reducing premiums that it charges to insurers from the beginning of 2019.
UK General weighs up direct options and targets 20% of income
Exclusive: UK General is close to launching its first personal lines product on a software house and is exploring its options for direct distribution.
Rising star: Rob Pendray, Buzzvault
Having had an integral role on Buzzmove’s insurance app, product manager Rob Pendray is now setting his sights on more opportunities for innovation
Insurers falling short of expectations with digital services
Insurance companies are failing to meet their customers’ expectations when it comes to digital interactions, according to a recent report.
Heather Smith to replace Fernandes as MD of LV Direct
LV has promoted Heather Smith to managing director of its direct business following Selwyn Fernandes’ decision to leave the company after 12 years.
Chubb files UK lawsuit against Harvey Weinstein
Chubb has filed a further lawsuit against disgraced movie mogul Harvey Weinstein, arguing that it should not have to pay out for his public liability cover as his insurance policies are void.
Acturis profits grow for 17th year running
The software house reported total revenues of £62.2m for its financial year ending 30 September 2017.
Motor market back in the money with best results for over 20 years
The motor insurance market has reported its best underwriting result in over 20 years, according to EY.
Motor premiums in reverse as prices drop 5.5% in year
Car insurance premiums have dropped off 5.5% in the past 12 months.
Analysis: Is Lemonade losing its fizz?
Will Lemonade’s losses see its success go flat?